EU will block 7 Russian banks SWIFT and ordinary Russians could be subject to consequences

On Wednesday, the European Union announced that within 10 days, it intends to remove seven Russian banks from the Society for Worldwide Interbank Financial Telecommunication, or SWIFT, messaging system. The list of sanctioned banks includes Russia’s second-largest …

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US Treasury Dept lists digital currencies as part of effort to sanction Russia’s government

According to reports, the Treasury Department and the White House have warned U.S.-based individuals and companies not to support crypto transactions to Russian nationals or banks. According to regulations from the Treasury Department’s Office of …

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Crypto exchanges take into account Ukraine’s name to freeze Russians’ Bitcoin

Because the West continues to impose extra sanctions in opposition to Russian banks following Russia’s invasion of Ukraine, one Ukrainian official has referred to as for sanctions on Russians’ cryptocurrency holdings as nicely. Mykhailo Fedorov, …

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EU Commission will remove Russian banks SWIFT Cross-Border Network

The European Commission announced to remove a number of Russian banks from the Society for Worldwide Interbank Financial Telecommunication (SWIFT) messaging system, aimed at hindering Russia’s capacity to carry out cross-border payments.  The European Commission …

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President of the ECB calls for regulation of cryptography in response to Russia’s potential evasion sanctions

Christine Lagarde is the president of European Central Bank (ECB) and has called for lawmakers to approve a regulation framework for crypto. She suggested that this could help Russia avoid economic sanctions. Speaking to reporters …

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Binance seeks the assistance of a former chief for CIS Central Bank to tap a former executive, in an effort to get Russia on board.

Binance, the world’s largest cryptocurrency exchange, is putting more effort into increasing compliance in the Commonwealth of Independent States (CIS), Russia and Ukraine. Binance is planning to extend its operations in the region and boost …

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