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US Treasury Expands Sanctions to Cripple Russian War Economy
14.6.2024
The U.S. Treasury Department announced Wednesday that over 300 new sanctions have been issued to intensify pressure on Russia for its ongoing war against Ukraine. These measures, in alignment with G7 commitments, target entities and individuals globally to cripple Russia’s military-industrial base...
Putin Says BRICS Developing Independent Payment System Free From Political Pressure
12.6.2024
Russian President Vladimir Putin recently announced that the BRICS bloc aims to establish an independent payment system, free from political pressure and external interference. Putin stated that the addition of new members has increased BRICS’ share of global GDP to 36% and its share of...
30 Countries Seek to Join BRICS, Russian Ambassador to China Says
10.6.2024
Russian Ambassador to China Igor Morgulov disclosed that approximately 30 countries are interested in joining the BRICS economic bloc in an opinion piece published by the South China Morning Post last week. BRICS welcomed five new members in January: Egypt, Iran, the United Arab Emirates (UAE)...
US Authority Seizes 70 Crypto Scam Sites Targeting Russian Community
7.6.2024
The Brooklyn District Attorney’s Office has seized 70 domains used to scam the Russian community. The scam involved deceptive Facebook ads featuring a deepfake of Tesla CEO Elon Musk. Over 20 Brooklyn residents and additional victims nationwide lost a total of $5 million. 70 Crypto Scam...
Russian State Duma Official: International CBDC Settlements to Become ‘Common Practice’ in 5 Years
7.6.2024
Anatoly Aksakov, Chairman of the Russian State Duma Financial Markets Committee, has predicted that international trade will migrate to CBDC for settlements during the next five years. Aksakov stressed that not many countries have made progress using these digital currencies, but he believes this...
Economist Jim Rickards: The Global Clearance and Settlement System Might Collapse After Seizure of Russian Assets
3.6.2024
Jim Rickards, an economist and author of the best-selling book ‘Currency Wars,’ has issued an alert about the possible collapse of the global clearance system. In a recent interview, Rickards noted that Euroclear, a settlement service, holds $200 billion in Russian assets. He further explained that...
Companies Turn to Crypto for Payments as G7 and EU Mull Sanctions on Russian SWIFT Equivalent
2.6.2024
Some Russian companies have turned to using crypto to settle payments and protect themselves from potential secondary sanctions from Western countries. At least two top metal producers have transacted using USDT, the largest stablecoin in the crypto market, as the G7 and the EU mull more sanctions...
Russian Commodities Firms Turn to Stablecoins for Transactions with Chinese Counterparts
28.5.2024
Russian commodities firms facing challenges in executing financial transactions with Chinese counterparts have turned to stablecoins.
The post Russian Commodities Firms Turn to Stablecoins for Transactions with Chinese Counterparts appeared first on Cryptonews
Russian Traffic to Global Crypto Exchanges Surges; Central Bank Warns of Western Sanctions Risk
28.5.2024
The surge in Russian traffic to global cryptocurrency exchange platforms in the last two quarters has prompted officials to issue a warning about the risk of Western sanctions. According to a central bank study, Russian traffic to some of the largest crypto exchanges increased by 16.4%, reaching...
Russian Central Bank Flags Sharp Rise in Crypto-related Activity
27.5.2024
The Russian Central Bank says it has noticed a rise in citizens’ transactions on crypto exchanges and peer-to-peer crypto trading platforms.
The post Russian Central Bank Flags Sharp Rise in Crypto-related Activity appeared first on Cryptonews
New statement of Russian experts on Bitcoin bull markets
22.5.2024
The report was released by the Roscongress Foundation, a leading Russian conference organizer. According to Russian experts, the bitcoin bull market trend will falter. They said Bitcoin’s recent price hike is associated with the speculative game surrounding the spot Bitcoin ETF approvals....
Russian Experts Say Bitcoin Bull Market Will Fall Short of 2017 Highs
22.5.2024
The current Bitcoin bull market is falling short of the highs of 2017, Russian experts claimed on May 20.
The post Russian Experts Say Bitcoin Bull Market Will Fall Short of 2017 Highs appeared first on Cryptonews
Russian Crypto Mining Sector Could Grow ‘by 20-40%’ in 2024 – Report
21.5.2024
The Russian crypto mining industry could grow “by between 20% and 40%” in 2024, a new report has claimed.
The post Russian Crypto Mining Sector Could Grow ‘by 20-40%’ in 2024 – Report appeared first on Cryptonews
IMF Acknowledges Russian Assets’ Confiscation Might Undermine the World’s Financial System
20.5.2024
The IMF has expressed its concerns about the possible outcome of the confiscation of Russian assets abroad as a consequence of the ongoing military conflict between the nation and Ukraine. Julie Kozack, a spokesperson for the institution, called for these actions to have a proper justification...
Russian Court Jails Finiko Crypto Scam Exec for Three Years
20.5.2024
A Russian court has sent a Finiko executive to prison for three years, after finding her guilty of helping to mastermind the biggest crypto scam in “post-Soviet history.”
The post Russian Court Jails Finiko Crypto Scam Exec for Three Years appeared first on Cryptonews
US Lawmakers Urge Treasury Action on Russian Crypto Exchange Sanctions Evasion
16.5.2024
U.S. Congressman Gabe Amo (D-RI), along with Congressmen Brad Sherman (D-CA) and Gerald E. Connolly (D-VA), sent a letter to U.S. Treasury Secretary Janet Yellen regarding the Moscow-based cryptocurrency exchange Garantex. They expressed concerns that Garantex is reportedly facilitating sanctions...
Russian Teens Arrested for ‘Crypto-powered Money Laundering’ – Report
16.5.2024
Two Russian teenagers have been arrested in a crackdown on a suspected crypto-powered “money laundering” ring, a police source claimed on May 14.
The post Russian Teens Arrested for ‘Crypto-powered Money Laundering’ – Report appeared first on Cryptonews
Report: Russian Authorities Propose Steep Fines for Crypto Miners Operating in Residential Apartments
14.5.2024
Russian authorities have reportedly proposed to impose hefty fines on suspected crypto miners operating from residential properties. Authorities may also consider including amendments to the Code of Administrative Offenses which imposes liability on those misusing electricity. Proposed Measures...
Russian Energy Firms Prepares to ‘Hunt’ Private Crypto Miners
13.5.2024
Russian energy firms are preparing to “hunt down” and crack down on people mining cryptoassets at home, a report claimed on May 12.
The post Russian Energy Firms Prepares to ‘Hunt’ Private Crypto Miners appeared first on Cryptonews
Exiled Russian Opposition Leader Launches Blockchain-Based Referendum on Vladimir Putin’s Election Win
10.5.2024
Exiled opposition leader Mark Fegyin is leading an effort to give Russians an anonymous, blockchain-powered way to register a "protest vote" against Russia's election results which have handed Vladimir Putin a fifth term as Russian president