Search Results for: imposed restrictions

Dapper Labs Suspends NFT Operations for Russian Users Amid New EU Sanctions

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Canadian company Dapper Labs has blocked operations with non-fungible tokens (NFT) for Russian accounts. The move follows a new round of sanctions recently imposed by the EU which prohibit the provision of crypto-related services to Russian residents and entities. NFT Platform…

EU Bans Crypto Services for Russians in New Sanctions Over Ukraine Escalation

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An array of crypto-related services have been targeted in the latest round of sanctions on Russia approved by the EU. The measures are part of an expected tightening of the economic and financial restrictions in response to Moscow’s decision to annex…

Sales of Hardware Crypto Wallets Decline in Russia With Easing Currency Restrictions

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Interest in hardware wallets allowing cold storage of cryptocurrencies is decreasing among Russian users after this year’s surge that followed the invasion of Ukraine. The sale volumes for these devices have almost halved, according to a report quoting leading marketplaces. Russians’…

Russia Can’t Do Without Cross-Border Crypto Payments, Consensus Reached

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Key government institutions have agreed that Russia needs to legalize crypto payments for international settlements. The proposal has been gaining support in the past few months since Moscow’s decision to invade Ukraine was met with wave after wave of Western sanctions….

El Banco de Rusia suaviza las restricciones a las compras de dólares y euros en efectivo

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The Central Bank of Russia has relaxed some limitations for Russian banks selling U.S. dollars and euros to the public. The increased supply of foreign cash may affect the crypto market in the country as currency restrictions have been a driver…

El Banco de Rusia tiene como objetivo el lanzamiento completo del rublo digital en 2024

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The Central Bank of Russia plans to begin the comprehensive implementation of the digital ruble two years from now, according to a paper detailing its monetary policy priorities for the 2023 – 2025 period. As the development of the state-issued digital…

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…

El Banco de Rusia está listo para legalizar la criptominería si los mineros venden monedas acuñadas en el extranjero

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El Banco Central de Rusia estaría de acuerdo con la legalización de la minería de criptomonedas, siempre que los ingresos de la actividad se conviertan en fiat fuera de Rusia. El regulador’s latest position on the matter comes after it softened its stance on the…

Iran to Shut Down Crypto Mining Farms Amid Record High Power Demand

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Authorities in Iran plan to unplug licensed crypto mining facilities as electricity consumption in the country is reaching record highs. The mining farms will be cut off from the grid on Wednesday, the Islamic Republic’s Ministry of Energy announced. Legal Crypto…

Los economistas estadounidenses están desconcertados por una "situación inusual" ya que el rublo de Rusia es la moneda fiduciaria con mejor rendimiento del mundo

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Dos meses después de que el rublo ruso cayera por debajo del dólar estadounidense. centavo, the transcontinental country’s fiat currency is the best performing currency worldwide. American economists are baffled by the “unusual situation” because a country facing stiff sanctions typically sees its fiat currency…