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Ukraine Is Buying Bulletproof Vests and Night-Vision Goggles Using Crypto
7.3.2022
Ukrainian minister Alex Bornyakov said that the crypto fund is being used to purchase non-lethal equipment for military purposes such as bulletproof vests, night vision goggles, military-grade food rations and medical equipment that helps with hemostasis such as tourniquets
Crypto Market Tries to Recover With Ukraine Negotiations in Focus; Gold & Commodities Rise
7.3.2022
Bitcoin (BTC) and several other major cryptoassets initially fell on Monday, before buyers showed up later in the trading day to offer relief. At the same time, the US dollar, gold, and a large number of other commodities continued on a surge higher, as a ban on Russian oil imports seem to be...
Devs Publish Bitcoin, Ethereum Donation Guidelines for Russians Who Support Ukraine
7.3.2022
Ukrainian blockchain developers say they have created a web-based resource for Russians and Belarus-based individuals who want to make anonymous crypto donations to Ukraine-supporting funds.
The authors of the Russian-language web pages are Gleb Naumenko, who has been “working with the Bitcoin...
3 reasons why Bitcoin can rally back to $60K despite erasing last week's gains
7.3.2022
Several technical and on-chain indicators are flashing bullish despite the BTC price pullback below $40,000
Crypto Can Better Deter Sanction Evasion Compared to TradFi - Coinbase
7.3.2022
Crypto's transparent nature makes it a terrible choice for those who want to evade sanctions, said Paul Grewal, Chief Legal Officer (CLO) of major crypto exchange Coinbase.
Following Russia's invasion of Ukraine, the US and its allies imposed an extensive round of sanctions on a number...
Report: Official Says Switzerland May ‘Target’ Crypto Assets Belonging to Sanctioned Russians
7.3.2022
Neutral Switzerland may target crypto assets within its territory that belong to sanctioned Russian entities, a report has said. The report quotes an official who explains that the move is designed to protect the integrity of the country’s cryptocurrency industry. The official, however...
Russian Banks Look to China’s UnionPay after Visa, Mastercard Freezout
7.3.2022
The American payments heavyweights Visa and Mastercard, as well as the card issuer American Express, have suspended their operations in Russia – joining an increasingly lengthy list of firms severing their trade links with the country. But Russian banks have indicated that they may look...
Ukraine Crypto Donations Reach a Plateau; 40% of the Country's Military Suppliers Accept Crypto
7.3.2022
Crypto donations to Ukrainian causes have slowed down over the weekend, while reports revealed that roughly 40% of Ukraine’s military suppliers accept crypto payments.
The Ukrainian government and non-profit organizations providing support to the military raised less than USD 2m over...
Visa and Mastercard Suspend Operations in Russia as Part of Sanctions Over Ukraine
7.3.2022
The world’s leading payment processors Visa and Mastercard have joined sanctions against Russia over its military invasion of Ukraine. The American companies announced suspension of operations in the Russian Federation although Russians will be able to use their cards inside the country....
Coinbase proposes crypto tech to promote global sanctions compliance
7.3.2022
Grewal points out that laundering of fiat currency through traditional financial institutions remains the most sought-after method for evading sanctions
Binance, Coinbase Explain Why Cryptocurrency Won’t Help Russia Evade Sanctions
7.3.2022
The chief executives of two major cryptocurrency exchanges, Binance and Coinbase, do not believe that cryptocurrency is an effective tool to help Russia evade Western sanctions. CEOs of Binance and Coinbase Say Crypto Not Useful at Evading Sanctions Since Russia began its invasion of Ukraine...
Ukraine Uses Donated Crypto to Pay for Military Supplies — Government Says $50 Million in Crypto Raised in a Week
6.3.2022
The Ukrainian government announces that $50 million in cryptocurrency was raised within a week since Russia began its invasion of Ukraine. The government has so far spent $15 million in donated cryptocurrency to buy military supplies. Ukraine Government Spends $15 Million in Crypto on Military...
Paypal Joins Other Payment and Remittance Providers Suspending Services in Russia
6.3.2022
A number of payment and remittance platforms, now including Paypal, have restricted access to their services in Russia as western sanctions over Moscow’s invasion of Ukraine continue to expand. Fintech companies have been limiting operations in the Russian Federation also in response...
Institutions increase exposure to Grayscale Bitcoin Trust as GBTC discount nears 30%
6.3.2022
More capital enters the flagship Grayscale trust as it eyes regulator approval to become an exchange-traded fund later this year
Singapore to Impose Restrictions on Russian Financial and Crypto Transactions
6.3.2022
In a rare move, Singapore is going to introduce restrictions on certain Russian financial transactions and crypto operations aimed at evading sanctions. The decision comes amid officially expressed concerns that Moscow’s invasion of Ukraine is a threat to the security of small states around...
Bitcoin Is Helping Both Sides in Ukraine War, But It Won’t Wreck Russian Sanctions
6.3.2022
Gavin Brown, Associate Professor in Financial Technology, the University of Liverpool._____
War is expensive. The United States spent about USD 1.1tn on the 2003 Iraq war in today’s money, while the Falklands war cost the UK the equivalent of about GBP 2.6bn (USD 3.4bn). ...
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Ukraine Crypto Donations: Government Now Accepts Over 70 Crypto Assets
6.3.2022
Crypto payment processor Coingate and International Business Settlement (IBS) have started an arrangement with the National Bank of Ukraine (NBU) that enables well-wishers to send donations to Ukraine via more than 70 different crypto assets. Calls for Widening List of Accepted Crypto Donations...
Global Commodities Skyrocket, Ounce of Gold Nears $2K, Musk Says ‘There’s a Need to Increase Oil and Gas Output’
6.3.2022
While the cryptocurrency prices dropped toward the end of the week, precious metals, energy stocks, and global commodities skyrocketed in value amid the ongoing war in Ukraine. The price of one ounce fine gold is nearing the $2K mark, benchmark coal prices have been surging, aluminum values broke...
Crypto donations to Ukraine top $37M, eBay eyes crypto payments and South Korea allocates $187M to the metaverse: Hodler’s Digest, Feb. 27-Mar. 5
5.3.2022
Russia Proceeds With Efforts to Legalize Crypto Amid Sanctions Over Ukraine
5.3.2022
Authorities in Russia are continuing their work to establish a comprehensive legal framework for crypto transactions. The efforts, which started before the military invasion of Ukraine, go on amid warnings that Moscow may use cryptocurrencies to evade expanding financial sanctions. Expert Council...