Crypto trading in rubles falls even as ECB warns again on sanctions
A statement from ECB President Christine Lagarde labeling cryptocurrency a “threat” to global security seems at odds with the real world data and expert opinion.
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Idea to Use Digital Ruble as Reserve Currency Circulated in Sanctioned Russia
A call to make the digital ruble a reserve currency has been issued in the State Duma, the lower house of Russia’s parliament. Meanwhile, concerns have been raised in the…
Russian Banks Told to Track Crypto-Related Transactions Amid Currency Restrictions
Bank of Russia has recommended commercial banks pay heightened attention to their clients’ transactions related to cryptocurrencies. The regulator requires the financial institutions to monitor such activity against the backdrop…
Bank of Russia Allows Sberbank to Issue Digital Financial Assets
Sberbank, Russia’s largest bank, has been authorized by the country’s monetary policy regulator to issue digital financial assets. The move comes amid tightening Western sanctions over the war in Ukraine,…
Central Bank of Russia tightens P2P transactions monitoring, including those in crypto
The regulator’s recommendation is designed to prevent capital flight amid economic collapse.
Young Russians View Crypto as Safe Investment Amid Economic Uncertainty, Poll Finds
As western sanctions increase the pressure on their country’s economy, many young Russians consider cryptocurrency to be a “reliable and profitable” investment option. According to a recent study, the share…
Co-Founder of Bitmex Predicts Gold Rising to $10K, Bitcoin Marching to $1 Million
On March 16, Arthur Hayes, the co-founder of the cryptocurrency exchange Bitmex, published a blog post called “Energy Cancelled,” which describes the economics behind the ongoing Russia-Ukraine war. Hayes explains…
US lawmakers introduce bills that could force crypto exchanges to cut ties with Russian wallets
Brad Sherman said the Biden administration should have the ability to tell crypto exchanges not to do "business with Russia-based crypto wallets" amid the situation with Ukraine.
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