Search Results for: russians

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…

S&P Global Report Says EU and UK Are in a Recession, Putin Thinks the West Is Greedy

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Today’s blustery global economy has everyone on edge as inflation has wreaked havoc on the wallets of ordinary people and energy prices continue to soar worldwide. According to Credit Suisse, “the worst is yet to come,” as the global investment bank’s…

Erdogan Suggests Turkish-Russian Payment System, Local Media Reports

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Turkish President Recep Tayyip Erdogan is reportedly pushing for Turkey and Russia to establish a new payment system between them. The initiative comes amid U.S. pressure against the use of the Russian Mir cards in Turkey. Some Turkish banks have been…

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’s Sberbank to Allow Users to Issue NFTs on Its Blockchain Platform

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Recognizing existing demand for non-fungible tokens, or NFTs, one of the largest banks in Russia, Sberbank, now intends to allow users to issue them on its blockchain platform. The financial institution also plans to cooperate with art sites and galleries across…

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….

Russian Arrested for Defrauding Buyers of Mining Hardware Worth Over $300,000

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Police in the southern Russian city of Astrakhan have detained a man accused of defrauding people who wanted to purchase crypto miners. Law enforcement officials say the suspect made millions of rubles through fictitious sales of mining devices to Russian citizens…

Bank of Russia Eases Restrictions on Purchases of Dollar and Euro Cash

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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…

Russian Media Censor Roskomnadzor Blocks Major Crypto News Website

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Bits.media, a leading news outlet in Russia’s crypto space, has been blocked by Russia’s telecom and mass media watchdog, Roskomnadzor. The site is now inaccessible through most Russian internet providers, the online edition announced, stating it intends to contest the measure….

Russia’s Financial Watchdog Investigates 400 Crypto-Related Cases, Director Tells Putin

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Rosfinmonitoring is conducting hundreds of investigations into cases involving cryptocurrencies, the head of the agency announced. Hundreds of thousands of Russians take part in crypto deals abroad, the top regulator also reported to the Russian president. Russian Authorities Initiate 20 Criminal…