Category: banks

Credit Cards Should Not Be Used for Crypto Transactions, Taiwan’s Financial Watchdog Says

The financial regulator of Taiwan has asked local banks not to allow the use of cards for payments in transactions involving cryptocurrencies, local media revealed. The authority says these assets are risky while associated cash flows are hard to monitor. Taiwanese......

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

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......

Russian Bankers Suggest Criminalizing Crypto Storage in Non-Custodial Wallets

Keeping cryptocurrencies in non-custodial wallets may be criminalized in Russia, if authorities accept a proposal from the trade association representing Russian banks. While financial regulators think the idea deserves attention, lawmakers and experts doubt its possible to implement such a measure.......

Digital Ruble ‘Much Needed,’ Russia’s Central Bank Says, Won’t Delay Testing

The Central Bank of Russia has emphasized the importance of moving forward with its digital ruble project. According to a statement by a top representative, the monetary authority has no intention to delay the trials despite not all invited banks being......

De kusliga likheterna mellan dagens stora monetära förändring och det panikledda skapandet av Federal Reserve System

While many Americans believe the U.S. Federal Reserve is the caretaker of the countrys monetary system, its also believed to be one of the worst financial institutions ever created. In 2022, amid a gloomy economy, war, and a number of global......

Deutsche Bank lämnar Ryssland, Säger att det inte kommer att finnas några nya affärer där

Germanys Deutsche Bank has become the latest financial services giant to confirm its leaving Russia over Moscows military assault on Ukraine. The bank has been reducing its Russian exposure since 2014 when Russia annexed Crimea and the conflict in Eastern Ukraine......

Ukraina riktar in sig på ryska politikers kryptoplånböcker när ryska banker skärs bort från SWIFT

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......

Crypto Exchange Binance går med i expertcenter på Russian Banks Association

Digital asset exchange Binance has become the first crypto company to support the Association of Banks of Russia in efforts devoted to regulating the countrys growing cryptocurrency market. The coin trading platform will also work with authorities in Moscow as they......

Bank of Russia rapporterar första framgångsrika digitala rubelöverföringar mellan användare

Testing of the digital ruble has started in Russia with the countrys central bank announcing the first complete transactions between individual wallets. The monetary authority, a staunch opponent of cryptocurrencies, says its digital currency will create new opportunities for citizens, businesses,......

Årlig volym kryptotransaktioner gjorda av Russians Reaches $5 Miljard, Bank of Russia fynd

With the growing capitalization of the crypto economy, Russians have been making crypto transactions worth billions of dollars a year, data gathered by the Central Bank of Russia shows. Russian residents are some of the most active participants in the crypto......