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…
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FTX CEO Frustrated With Allegations About Russians Using Crypto to Bypass Sanctions
With the start of the war between Russia and Ukraine, cryptocurrencies have taken a few roles, being sent as donations to aid the attacked nation but also in speculations that…
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…
Ukraine’s Largest Bank Suspends Money Transfers to Crypto Exchanges
Privatbank, the largest commercial bank in Ukraine, has temporarily halted transfers in national currency to digital asset exchanges. The financial institution explained the move with restrictions imposed by the country’s…
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,…
Russia’s Largest Lender Sberbank Secures License to Issue, Exchange Digital Assets
Russia’s central bank granted the country’s largest lender Sberbank a license to issue and exchange digital assets. The latest move opens new avenues for the nation’s economy hammered by western…
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…
Ukraine’s largest savings bank halts Bitcoin buys with hryvnia: Report
Despite Ukraine progressing with crypto regulation, locals are reportedly unable to buy Bitcoin using their bank accounts at PrivatBank.
Dfinity Foundation Founder Submits $250M Proposal to Hasten the End of Attacks on Ukraine
Dominic Williams, the founder of Dfinity Foundation, proposed a way that blockchain and smart contracts can potentially help by getting millions of Russians to watch an entire informational video(s) about…
Over 30 ‘Elona’ Scam Tokens Spawn After Verbal Clash Between Musk and Kadyrov
Earlier this week, the President of the Chechen Republic – Ramzan Kadyrov – advised Elon Musk not to measure his strength against Vladimir Putin. Kadyrov went further, ironically calling Tesla’s…
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