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Russia Regulates Use of Digital Assets for International Settlements

Russia Regulates Use of Digital Assets for International SettlementsRussia has integrated the use of digital assets as payment for international transactions in its legislation. President Vladimir Putin signed into law a document that describes using these assets as payment for international settlements, a use case not contemplated in any law, appointing the Central Bank of Russia as the overseer of these transactions. Russia […]

Grayscale Investments Submits Revised Application for Spot Ethereum ETF

Kremlin Reveals Plans to Create a “Politics-Free” BRICS Blockchain-Based Payments System

Kremlin Reveals Plans to Create a “Politics-Free” BRICS Blockchain-Based Payments SystemYury Ushakov, an aide of Russian president Vladimir Putin, revealed plans to create a digital blockchain payment system for the BRICS bloc. Ushakov remarked that the countries of the group would benefit from implementing such a system for the use of governments, common people, and businesses, stating that it would be convenient, cost-effective, and “free […]

Grayscale Investments Submits Revised Application for Spot Ethereum ETF

Russian Digital Ruble Pilot ‘on Track,’ Registers About 25K Transactions

Russian Digital Ruble Pilot ‘on Track,’ Registers About 25K TransactionsElvira Nabiullina, Governor of the Bank of Russia, stated that the current pilot test of the Russian digital ruble was “on track,” with several operations being tested, including opening wallets, and interactions with smart contracts. Nabiullina revealed that over 25,000 transactions were registered, and confirmed the pilot expansion later this year. Russian Digital Ruble Pilot […]

Grayscale Investments Submits Revised Application for Spot Ethereum ETF

Russia’s FATF Rating Downgraded Over Crypto Regulation Shortfalls

Russia’s FATF Rating Downgraded Over Crypto Regulation ShortfallsThe Financial Action Task Force (FATF) has lowered Russia’s rating owing to insufficient oversight of cryptocurrencies, as indicated by regional coverage. According to RBC, this downgrade highlights escalating worries about the country’s capacity to oversee and mitigate dubious transactions within the rapidly expanding realm of digital finance. Russia’s Financial Strategy Challenged by FATF Downgrade The […]

Grayscale Investments Submits Revised Application for Spot Ethereum ETF

Russia Hints at Development of CBDC-Based BRICS Bridge Payments System

Russia Hints at Development of CBDC-Based BRICS Bridge Payments SystemRussia has proposed the development and implementation of a BRICS-wide payment system that would use central bank digital currencies (CBDCs) to manage trade settlements. The BRICS bridge, as referred to by Russian Finance Minister Anton Siluanov, would address the fragmentation of the current payment system outside the West’s “unfriendly infrastructure.” Russia Hints at Using CBDC […]

Grayscale Investments Submits Revised Application for Spot Ethereum ETF

US Government Sanctions Two Russian Nationals’ Crypto Wallets Related to Ransomeware Group LockBit

US Government Sanctions Two Russian Nationals’ Crypto Wallets Related to Ransomeware Group LockBit

The US government is sanctioning the crypto wallets believed to belong to two Russian nationals linked to the ransomware group LockBit. In a statement, the Treasury Department’s Office of Foreign Assets Control (OFAC) says that it has sanctioned several Bitcoin (BTC) and Ethereum (ETH) wallets linked to the group. According to a press release, the […]

The post US Government Sanctions Two Russian Nationals’ Crypto Wallets Related to Ransomeware Group LockBit appeared first on The Daily Hodl.

Grayscale Investments Submits Revised Application for Spot Ethereum ETF

US Senator Issues BRICS Warning, Says Economic Alliance May Damage America’s Ability to Weaponize Dollar

US Senator Issues BRICS Warning, Says Economic Alliance May Damage America’s Ability to Weaponize Dollar

Florida Senator Marco Rubio just issued a warning about the growing global economic alliance known as BRICS. In a new article on RealClearWorld, the Republican senator says the recent expansion of BRICS poses a threat to the SWIFT payment system and America’s ability to weaponize the dollar to sanction people and nations. “As of New […]

The post US Senator Issues BRICS Warning, Says Economic Alliance May Damage America’s Ability to Weaponize Dollar appeared first on The Daily Hodl.

Grayscale Investments Submits Revised Application for Spot Ethereum ETF

US Pushing To Confiscate $300,000,000,000 After Freezing Assets Owned by Russia’s Central Bank and Members of the Russian Elite: Report

US Pushing To Confiscate 0,000,000,000 After Freezing Assets Owned by Russia’s Central Bank and Members of the Russian Elite: Report

The US is reportedly pushing G7 nations to confiscate $300 billion in Russian assets that were frozen in response to the country’s invasion of Ukraine. America, backed by the UK, Japan and Canada, want to have a proposal on how to take the assets ready in February at the two-year anniversary of the conflict in […]

The post US Pushing To Confiscate $300,000,000,000 After Freezing Assets Owned by Russia’s Central Bank and Members of the Russian Elite: Report appeared first on The Daily Hodl.

Grayscale Investments Submits Revised Application for Spot Ethereum ETF

US Government Slaps $1,200,000 Penalty on San Francisco Crypto Exchange for Violating Russia/Ukraine Sanctions

US Government Slaps ,200,000 Penalty on San Francisco Crypto Exchange for Violating Russia/Ukraine Sanctions

A San Francisco-based crypto exchange has reached an agreement with the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) to settle its potential civil liability for violating US sanctions related to Russia and Ukraine. In a new enforcement release, the OFAC says that CoinList Markets (CLM) has agreed to pay over $1.2 million as […]

The post US Government Slaps $1,200,000 Penalty on San Francisco Crypto Exchange for Violating Russia/Ukraine Sanctions appeared first on The Daily Hodl.

Grayscale Investments Submits Revised Application for Spot Ethereum ETF

Russia debuts cross-border payments in Tether stablecoin

In addition to Tether, the legal entities transacting through the Exved system can also use the U.S. dollar and the offshore ruble.

One of the first cross-border payment platforms in Russia has officially announced its launch and says it will be facilitating local legal entities to process international settlements in cryptocurrency.

Exved, a local digital settlement platform — which describes itself as a “digital counterparty search system” — announced the launch on Dec. 7, stating that Russian importers and exporters can now use its business-to-business (B2B) solution to simplify the process of “foreign exchange operations and foreign economic activity.”

The Exved platform specifically allows one to proceed with cross-border transactions using Tether (USDT) stablecoin alongside the offshore ruble and the U.S. dollar, the announcement reads.

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Grayscale Investments Submits Revised Application for Spot Ethereum ETF