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Putin, Xi Vow to Use Yuan as Russia and China Move to Settlements in National Currencies

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As part of the talks that Russian president Vladimir Putin and Chinese president Xi Jinping are currently conducting in Russia, Russia has vowed to move to use the Chinese yuan as a settlement currency with countries in Asia, África, and Latam….

Russian Blockchain Alternative to SWIFT to Prevent Disconnection of Nations, Banks

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A Russian university is ready to test its blockchain-based analogue to the global payment messaging network SWIFT, from which Russian banks were cut off as part of Western sanctions. The developers say their system would not allow the disconnecting of countries…

SWIFT está experimentando con tecnologías descentralizadas para permitir la interconexión de CBDC

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RÁPIDO, el protocolo de pagos interbancarios y el sistema de mensajería, ha anunciado que está trabajando para conectar las diferentes monedas digitales del banco central (CBDC) protocolos en desarrollo hoy. La empresa se ha asociado con Capgemini, un proveedor de servicios digitales, making a series of experiments…

Ukraine Targets Russian Politicians’ Crypto Wallets as Russian Banks Are Cut From SWIFT

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Ukraine is now trying to expose cryptocurrency wallets used by politicians in Moscow amid warnings that Russia may employ digital coins to circumvent sanctions. The initiative comes as western allies agree to expel some Russian banks from SWIFT, the global interbank…

Analysts Warn of Regulatory Risks if Russia Is Able to Use Crypto to Evade Sanctions

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Russia could turn to cryptocurrency if it is banned from the SWIFT payments system. Analysts have warned that if Russia is able to use crypto to evade sanctions, “political support in the U.S. for crypto will fall and regulatory risk will…