Coinbase proposes crypto tech to promote global sanctions compliance
Grewal points out that laundering of fiat currency through traditional financial institutions remains the most sought-after method for evading sanctions.
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IMF Warns Ongoing War in Europe Will Have a ‘Severe Impact on the Global Economy’
In a report published on Saturday, the International Monetary Fund (IMF) has warned that an ongoing war in Europe and associated sanctions will have a “severe impact on the global…
US Treasury Yield Curve Highlights Recession Signals, Analyst Thinks Fallout Will Be ’10x Worse Than the Great Depression’
Fears of a recession and a 1970s-style stagflation economy continue to grip Wall Street and investors this week, as multiple reports show that recession signals have intensified. With oil and…
Paypal Joins Other Payment and Remittance Providers Suspending Services in Russia
A number of payment and remittance platforms, now including Paypal, have restricted access to their services in Russia as western sanctions over Moscow’s invasion of Ukraine continue to expand. Fintech…
Institutions increase exposure to Grayscale Bitcoin Trust as GBTC discount nears 30%
More capital enters the flagship Grayscale trust as it eyes regulator approval to become an exchange-traded fund later this year.
Singapore to Impose Restrictions on Russian Financial and Crypto Transactions
In a rare move, Singapore is going to introduce restrictions on certain Russian financial transactions and crypto operations aimed at evading sanctions. The decision comes amid officially expressed concerns that…
Global Commodities Skyrocket, Ounce of Gold Nears $2K, Musk Says ‘There’s a Need to Increase Oil and Gas Output’
While the cryptocurrency prices dropped toward the end of the week, precious metals, energy stocks, and global commodities skyrocketed in value amid the ongoing war in Ukraine. The price of…
Russia Proceeds With Efforts to Legalize Crypto Amid Sanctions Over Ukraine
Authorities in Russia are continuing their work to establish a comprehensive legal framework for crypto transactions. The efforts, which started before the military invasion of Ukraine, go on amid warnings…
Ukraine finds unlikely ally in efforts to bar Russian access to crypto: the Central Bank of Russia
It appears both countries want crypto to be banned in Russia following the nation's recent war efforts.
Russian national will use sales of her burning passport NFT to support Ukraine
NFT artist Olive Allen said by publicly burning her Russian passport, she was effectively making it dangerous to repatriate by protesting the current government.
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