russian

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 […]

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Greedy L2s are the reason ETH is a ‘completely dead’ investment: VC

Push to Use National Currencies in SCO Cannot Be Stopped, Russia’s Lavrov Says

May 6, 2023 Bitcoin.com

bitcoin.com

Efforts to transition to trade in national currencies in the Shanghai Cooperation Organization (SCO) can no longer be stopped, according to Russian Foreign Minister Sergey Lavrov. During a meeting with his colleagues in India, Moscow’s top diplomat also discussed the similar initiative within BRICS. Sergey Lavrov Convinced SCO Countries Will Switch to National Currencies, Won’t […]

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Greedy L2s are the reason ETH is a ‘completely dead’ investment: VC

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 […]

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Greedy L2s are the reason ETH is a ‘completely dead’ investment: VC

‘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 […]

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Greedy L2s are the reason ETH is a ‘completely dead’ investment: VC

No Rate Hikes in Russia, Central Bank Keeps Interest Rate Level Again

April 29, 2023 Bitcoin.com

Bank of Russia

Bank of Russia decided to maintain the interest rate at 7.5% amid moderate inflation, estimated at 2.5% on an annual basis in April, although this may change later this year. The monetary authority improved its forecast for the Russian economy and now expects growth entirely in positive figures, up to 2.0% for 2023. Bank of […]

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Greedy L2s are the reason ETH is a ‘completely dead’ investment: VC

Almost 50 Russian Banks Accept Yuan Deposits Amid Low Demand for Dollar Accounts

April 29, 2023 Bitcoin.com

accounts

A growing number of banking institutions in Russia are offering customers the option to save in Chinese yuan. The trend coincides with declining demand for U.S. dollar and euro deposits amid currency restrictions that triggered a flight of funds to bank accounts abroad. Demand for Dollar, Euro Accounts Expected to Drop Further, Requests for Yuan […]

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Greedy L2s are the reason ETH is a ‘completely dead’ investment: VC

BRICS Currencies to Have No Alternative, Former Russian President Medvedev Says

April 27, 2023 Bitcoin.com

bitcoin.com

Fiat currencies of BRICS member states will have no alternative in the future, according to former President of Russia Dmitry Medvedev. Nations in the bloc need to think about their digital forms and a digital currency issued by the group as a whole, the Russian politician said. Ruble, Yuan, Other BRICS Currencies to Take Over […]

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Greedy L2s are the reason ETH is a ‘completely dead’ investment: VC

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 […]

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Greedy L2s are the reason ETH is a ‘completely dead’ investment: VC

US Court Sentences Russian Crypto Ransom Launderer to Probation and Fine

April 24, 2023 Bitcoin.com

bitcoin.com

A Russian crypto entrepreneur, charged with laundering money from ransomware attacks, has been sentenced to probation and fined in the U.S. after pleading guilty. Founder of two coin trading platforms, Denis Dubnikov, was arrested in the Netherlands and extradited to the U.S. last year. Oregon Court Sentences Russian for Processing Ryuk Payments A Russian national […]

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Greedy L2s are the reason ETH is a ‘completely dead’ investment: VC

Russia to Work With Digital Currencies of Other Nations

April 23, 2023 Bitcoin.com

Bank of Russia

The platform developed for the digital ruble will be able to operate with different state-issued digital currencies, the Bank of Russia said. Mechanisms for interaction with digital coins minted by the central banks of other countries are already under development, the monetary authority unveiled. Digital Ruble Platform to Support Integration With Other CBDCs, Bank of […]

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Greedy L2s are the reason ETH is a ‘completely dead’ investment: VC