Reading Time: < 1 minute Binance, which has an internal peer-to-peer platform, had replaced the Sberbank and Tinkoff card names with “green” and “yellow” respectively.
Reading Time: < 1 minute The State Duma of the Russian Federation has passed in the second and third read ings a law which lays the groundwork for the integration of the central bank digital currency (CBDC).
Reading Time: < 1 minute The US Department of Justice and Department of Homeland Security are jointly conducting an investigation into Binance Holdings Ltd. over possible violations of US sanctions against Russia.
Reading Time: < 1 minute Citizens of Russia, as well as any individuals residing in the country, are now prohibited from using the Binance P2P service to purchase or sell dollars and euros.
Reading Time: < 1 minute By mid-2023, an official cryptocurrency exchange controlled by the authorities may appear in the country.
Reading Time: < 1 minute To carry out mutual settlements bypassing such restrictions, countries can use digital currencies.
Reading Time: < 1 minute Crypto exchange Bybit will not impose restrictions for Russian users.
Reading Time: < 1 minute Kraken has banned users from Russia from registering accounts and has also limited accounts “based in Russia.”
Reading Time: < 1 minute Anatoly Aksakov has recently proposed to legally ban the use of cryptocurrencies as a means of payment in Russia and hold accountable for settlements in them.
Reading Time: < 1 minute The Ministry of Finance of Russia wants to allow international payments in cryptocurrencies for any industry without restrictions.
Reading Time: < 1 minute Russia has recently proposed to legalize cross-border crypto transactions in 2023, however, this will require changes in the Civil Code.
Reading Time: < 1 minute The Federal Tax Service of Russia has instructed the territorial authorities to identify violations related to the purchase and sale of foreign currency bypassing banks.
Reading Time: < 1 minute Elliptic has said it had turned over information to US authorities about a digital wallet allegedly linked to sanctioned Russian officials and oligarchs.
Reading Time: < 1 minute Russia’s sovereign default is no longer an “unlikely event” as economic sanctions prevent the country from using its foreign exchange reserves to repay debt.
Reading Time: < 1 minute Coinbase has announced it has frozen more than 25,000 addresses associated with Russian individuals and legal entities.
Reading Time: < 1 minute Mining pool BTC.com suspended the registration of new users from Russia on March 5, 2022.
Reading Time: < 1 minute Former US presidential candidate Hillary Clinton has said she is “disappointed” that some crypto exchanges are still serving Russian citizens.
Reading Time: < 1 minute US-based tech giant Google has allocated $15 million to Ukraine.
Reading Time: < 1 minute Cryptocurrency exchanges Kuna, WhiteBIT and CEX.io have introduced restrictions for users from Russia due to the war in Ukraine.
Reading Time: < 1 minute The Russian authorities have estimated they will be able to receive up to 1 trillion rubles annually in taxes from participants in the crypto market.