Binance Confirms Access Restrictions on Sanctioned Russian Users

October 1, 2024 Bitcoin.com

Binance

Crypto exchange Binance says it is complying with international sanctions by denying sanctioned Russian individuals and entities access to its platform. “Compliance remains our top priority. We are deeply committed to our users and maintaining their trust in our platform. We constantly invest in our teams and systems to protect our users,” Binance claimed. Binance […]

BRICS Set to Welcome 9 Nations as Partners—Russia Hints 4 More to Join Soon

IRS, Chainalysis Helping Ukraine Track Russians Using Crypto to Evade Sanctions

May 14, 2023 Bitcoin.com

bitcoin.com

The U.S. Internal Revenue Service (IRS) said it’s working closely with Ukraine to help it trace crypto transactions of Russian sanctions evaders. The agency is providing the Ukrainians access to a Chainalysis tool as well as specialized training to Ukrainian law enforcement. IRS Offers Ukraine Tools From Chainalysis to Trace Russian Blockchain Transactions The criminal […]

BRICS Set to Welcome 9 Nations as Partners—Russia Hints 4 More to Join Soon

Digital Assets for 1 Billion Rubles Issued in Russia in a Month

May 7, 2023 Bitcoin.com

bitcoin.com

Platforms authorized by the Russian government issued digital assets worth around a billion rubles in April, the local press reported. The spike in the volume has been attributed to Russian companies experimenting with new financial instruments amid limited access to traditional capital. Russia’s Digital Assets Market Livens Up as Capital Markets Dry Up for Russian […]

BRICS Set to Welcome 9 Nations as Partners—Russia Hints 4 More to Join Soon

Binance Reportedly Investigated in US for Russia Sanctions Violations

May 7, 2023 Bitcoin.com

Binance

Cryptocurrency exchange Binance is facing a U.S. probe over suspected violations of sanctions against Russia, according to a media report. The inquiry is looking into whether the trading platform was used by Russians to circumvent financial restrictions imposed over Moscow’s invasion of Ukraine. Crypto Exchange Binance Faces Another US Probe, Sources Say The U.S. Department […]

BRICS Set to Welcome 9 Nations as Partners—Russia Hints 4 More to Join Soon

Russian Banks Set for Record Profits This Year, Central Bank, Rating Agency Say

May 3, 2023 Bitcoin.com

Bank of Russia

Bank of Russia raised its forecast for the profits of Russian banks in 2023, expecting results that may break the 2021 record. This year’s high numbers are coming after 2022 became the worst annual period in seven years for the sanctioned Russian banking sector in terms of financial outcome. Banks in Russian Federation Headed for […]

BRICS Set to Welcome 9 Nations as Partners—Russia Hints 4 More to Join Soon

‘Evil Crypto’ Can Be Used in Foreign Trade, Russia’s Deputy Finance Minister Says

May 1, 2023 Bitcoin.com

Alexey Moiseev

Cryptocurrency may be bad for investors but it can be useful in international settlements, according to a top government official in Moscow. Russian authorities intend to set up a special committee that would issue permits to operators employing crypto in foreign trade transactions, he indicated. Russia Plans to ‘Experiment’ With Cross-Border Crypto Payments Amid Sanctions […]

BRICS Set to Welcome 9 Nations as Partners—Russia Hints 4 More to Join Soon

Binance Reportedly Removes Restrictions on Russian Users

April 27, 2023 Bitcoin.com

bank cards

The world’s largest crypto exchange, Binance, has lifted certain restrictions on Russian users, local crypto media unveiled. According to multiple reports, Russians can once again use their bank cards to make deposits and the trading platform has canceled a limit on their balances which was introduced in compliance with European sanctions. Russian Cards, Including Visa […]

BRICS Set to Welcome 9 Nations as Partners—Russia Hints 4 More to Join Soon

Dollar Dominance Fading Amid Growing China Trade, Russia Sanctions Risks, Ray Dalio Says

April 20, 2023 Bitcoin.com

billionaire

Fewer nations are willing to hold the U.S. dollar as America’s share in the global economy becomes smaller while China’s role in international trade expands, billionaire Ray Dalio noted. The founder of the world’s largest hedge fund also said that Western sanctions on Russia have highlighted new risks of keeping dollar assets. ‘Dollar Is Debt,’ […]

BRICS Set to Welcome 9 Nations as Partners—Russia Hints 4 More to Join Soon

Credit Suisse, UBS, Other Banks Facing Russia Sanctions Probe in US, Report

March 25, 2023 Bitcoin.com

bank

Switzerland’s troubled Credit Suisse and its rescuer, USB, are subject to an investigation into whether bankers helped Russian oligarchs evade Western sanctions, according to a media report. Some major U.S. banking institutions are also under scrutiny within the probe initiated by the Justice Department, sources say. Credit Suisse, US Banks Investigated for Suspected Sanctions Violations […]

BRICS Set to Welcome 9 Nations as Partners—Russia Hints 4 More to Join Soon

Blockchain to Become More Relevant in Payments This Year, Sberbank Exec Says

March 20, 2023 Bitcoin.com

bank

Blockchain technology can help solve current issues with settlements, according to the deputy chief executive of Sberbank. Russia’s largest bank is working with other financial institutions to develop blockchain-based payment applications, the banker revealed. Sberbank Sees Solution to Russia’s Troubles With Settlements in Blockchain With major Russian banks disconnected from the main global interbank payment […]

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