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IMF Warns Ongoing War in Europe Will Have a ‘Severe Impact on the Global Economy’
7.3.2022
In a report published on Saturday, the International Monetary Fund (IMF) has warned that an ongoing war in Europe and associated sanctions will have a “severe impact on the global economy.” The IMF’s report says there is “extraordinary uncertainty” in the air,...
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...
US Senate allows Virginia banks to offer crypto custody services
5.3.2022
Delegate Christopher T. Head introduced the bill (House Bill No. 263) back in January 2022, seeking an amendment to allow eligible banks to offer crypto custody services
Binance Puts Restrictions on Cards From Russian Banks
4.3.2022
The stance taken by crypto projects earned greater importance in the war between Russia and Ukraine. Ever since the war was declared, the mobility of cryptocurrencies increased by a greater degree in the two countries currently engaged in the fight. The reports have shown that Bitcoin’s...
EU will cut off 7 Russian banks from SWIFT, with ordinary Russians facing consequences
2.3.2022
Inflation in the eurozone soared to 5.8% in February, well above the European Central Bank’s 2% target, amid a backdrop of escalating sanctions against Russia
Cambridge Centre for Alternative Finance Launches Digital Assets Research Project With 16 Banks
2.3.2022
On Tuesday, Cambridge Centre for Alternative Finance (CCAF) at Cambridge Judge Business School announced a new research initiative focused on the “growing digital asset ecosystem.” According to CCAF, the newly launched collaborative effort involves 16 financial institutions such...
EU Excludes 7 Russian Banks from SWIFT
2.3.2022
The European Commission is also studying whether crypto is being used to circumnavigate Russian sanctions
Venezuela Might Be Affected by Russian Banks’ SWIFT Suspension
2.3.2022
Analysts from Venezuela have expressed their worries about the expulsion of a number of Russian banks from SWIFT, an international messaging system that allows the interconnection of banks. These measures could affect the finances not only of Venezuela, but also of other countries in the region...
Decentralized Lending Protocol Adalend Listing On: ADAPad, BSCPad, ETHPad, VelasPad, PulsePad Launchpads
1.3.2022
While cryptocurrency and blockchain technology is still relatively new, they have been rapidly growing, with companies taking advantage of this new, innovative, and disruptive technology that is reshaping many industries, namely the financial sector. The lending industry is currently...
Russian Banks Raise Key Rates to 20% in Desperate Measure to Save Ruble
28.2.2022
The country faces sanctions from the West as the war against Ukraine transcends into economic and financial cripples
Ukraine Targets Russian Politicians’ Crypto Wallets as Russian Banks Are Cut From SWIFT
28.2.2022
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 payments system. Government...
Private Banks Propose to Help Design Digital Currency in Mexico
27.2.2022
Private banks in Mexico want to join efforts with the central bank of the country in the creation of a new digital currency. The president of the Mexican Bank Association (ABM) met with the governor of the Bank of Mexico to offer the help of the group of private banks for the creation of a […]
EU Commission to remove Russian banks from SWIFT cross-border network
27.2.2022
While condemning the Russian president Vladimir Putin’s move to lay siege across Ukraine, the EU Commission committed to undertake a series of measures to isolate Russia from the international financial system
EU 'Commits' to Cutting Russian Banks Off From SWIFT Over Ukraine Invasion
26.2.2022
Apple Pay and Google Pay to Become Unusable with Cards from Sanctioned Russian Banks
25.2.2022
Customers of five sanctioned Russian banks will be unable to use their cards to pay with Apple Pay and Google Pay, the central Bank of Russia, said.
The banks in question include banks under the VTB Group, Sovcombank, Novikombank, Promsvyazbank, and Otkritie, per the announcement. The banks...
Wyoming’s state stablecoin: Another brick in the wall?
25.2.2022
Stablecoins are another piece in the puzzle, like DAOs or digital identity. “And if we don’t have it just right at first, we’ll fix it.”
Apple Pay to halt support for Russian banks sanctioned on war in Ukraine
25.2.2022
Russians cashed out over $1.3 billion from banks on the first day of Russia’s invasion of Ukraine, the largest amount since the onset of COVID-19
Crypto could bypass President Biden's 'devastating' sanctions on Russian banks and elites: Report
24.2.2022
“If a wealthy individual is concerned that their accounts may be frozen due to sanctions, they can simply hold their wealth in Bitcoin," said Mati Greenspan
With War Starting and Markets Dropping, Questions Multiply About Central Banks’ Policies
24.2.2022
As bitcoin (BTC) and crypto markets in general have gone down over the past day and week, amid the escalating tension between Russia and Ukraine, sanctions imposed on the former, and today’s invasion of the latter – more questions keep popping up about the EU and the US central banks’ upcoming...
Russia to seize retail deposits if sanctions go too far, official warns
24.2.2022
Russia’s largest bank, Sberbank, has denied its own supposedly false statement on being included in the U.S. sanctions list on Thursday