Cryptocurrency Market

  • Market Cap: $3,735,323,922,881.50
  • 24h Vol: $311,415,451,338.55
  • BTC Dominance: 51.95%

Sanctions

over-$55-billion-in-settlements-between-russia-and-turkey-potentially-disrupted-by-recent-western-sanctions

Over $55 Billion in Settlements Between Russia and Turkey Potentially Disrupted by Recent Western Sanctions

Trade settlements between Russia and Turkey via bank transfers are now being disrupted due to the new sanctions enacted against Russia. According to Russian media, the U.S. is currently checking all sources of transfers to and from Russia, and bank headquarters are heavily scrutinizing Russian citizens opening bank accounts in the country. Settlements Between Russia […]

Over $55 Billion in Settlements Between Russia and Turkey Potentially Disrupted by Recent Western Sanctions Read More »

iran-backs-russia-on-brics-single-currency-initiative

Iran Backs Russia on BRICS Single Currency Initiative

Iran plans to support Russia’s initiatives on creating a BRICS single currency and expanding national currency payments within the bloc, according to Iran’s Ambassador to Moscow, Kazem Jalali. The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring the creation of a new currency to reduce reliance on the U.S. dollar and mitigate

Iran Backs Russia on BRICS Single Currency Initiative Read More »

bank-of-russia-discusses-conditions-of-upcoming-stablecoin-regulation

Bank of Russia Discusses Conditions of Upcoming Stablecoin Regulation

The Bank of Russia has highlighted the conditions it will need to consider when regulating the use of stablecoins for Russian individuals and companies. The bank stated that before a regulation is enacted, a thorough study of these assets and a discussion with the relevant actors of the market and the community around them should

Bank of Russia Discusses Conditions of Upcoming Stablecoin Regulation Read More »

lithuania-fines-crypto-firm-$10m-for-russian-sanctions-violations

Lithuania Fines Crypto Firm $10M for Russian Sanctions Violations

The Lithuanian Financial Crime Investigation Service (FNTT) has fined the crypto firm Payeer nearly 9.3 million euros ($10 million) for international sanctions violations and anti-money laundering (AML) breaches. Specifically, Payeer was fined 8.23 million euros for facilitating transactions in Russian rubles through its platform, involving sanctioned Russian banks and clients. Additionally, a 1.06 million euro

Lithuania Fines Crypto Firm $10M for Russian Sanctions Violations Read More »

russian-central-bank-suggests-using-crypto-to-counter-western-sanctions

Russian Central Bank Suggests Using Crypto to Counter Western Sanctions

Russia’s central bank has urged businesses to consider various payment solutions, including cryptocurrencies and digital assets, to manage transactions with foreign partners and counter Western sanctions. Bank of Russia Governor Elvira Nabiullina highlighted that the central bank has softened its stance on the use of cryptocurrencies in international payments. She also mentioned ongoing efforts to

Russian Central Bank Suggests Using Crypto to Counter Western Sanctions Read More »

moscow-exchange-stops-trading-in-dollar-and-euro-due-to-us-sanctions

Moscow Exchange Stops Trading in Dollar and Euro Due to US Sanctions

On Wednesday, the Moscow Exchange (MOEX) announced new restrictions on its trading activities. The exchange revealed that, due to the enactment of U.S. sanctions against its platform, it would stop activity in all trading pairs involving the U.S. dollar and the euro. These measures came into effect on June 13th and affected FX, precious metals,

Moscow Exchange Stops Trading in Dollar and Euro Due to US Sanctions Read More »

‘evil-crypto’-can-be-used-in-foreign-trade,-russia’s-deputy-finance-minister-says

‘Evil Crypto’ Can Be Used in Foreign Trade, Russia’s Deputy Finance Minister Says

Cryptocurrency may be bad for investors but it can be useful in international settlements, according to a top government official in Moscow. Russian authorities intend to set up a special committee that would issue permits to operators employing crypto in foreign trade transactions, he indicated. Russia Plans to ‘Experiment’ With Cross-Border Crypto Payments Amid Sanctions

‘Evil Crypto’ Can Be Used in Foreign Trade, Russia’s Deputy Finance Minister Says Read More »

no-rate-hikes-in-russia,-central-bank-keeps-interest-rate-level-again

No Rate Hikes in Russia, Central Bank Keeps Interest Rate Level Again

Bank of Russia decided to maintain the interest rate at 7.5% amid moderate inflation, estimated at 2.5% on an annual basis in April, although this may change later this year. The monetary authority improved its forecast for the Russian economy and now expects growth entirely in positive figures, up to 2.0% for 2023. Bank of

No Rate Hikes in Russia, Central Bank Keeps Interest Rate Level Again Read More »

binance-reportedly-removes-restrictions-on-russian-users

Binance Reportedly Removes Restrictions on Russian Users

The world’s largest crypto exchange, Binance, has lifted certain restrictions on Russian users, local crypto media unveiled. According to multiple reports, Russians can once again use their bank cards to make deposits and the trading platform has canceled a limit on their balances which was introduced in compliance with European sanctions. Russian Cards, Including Visa

Binance Reportedly Removes Restrictions on Russian Users Read More »

syrian-official-says-us-imposes-sanctions-to-steal-nations’-assets-and-exert-control

Syrian Official Says US Imposes Sanctions to Steal Nations’ Assets and Exert Control

The Syrian foreign minister says the U.S. imposes sanctions on Syria and Russia to steal their assets and keep them under its hegemony. The U.S. is “the biggest beneficiary of wars and fueling global conflicts, with the aim of maintaining the dominance of the dollar in the global economy and trade,” said a Russian official.

Syrian Official Says US Imposes Sanctions to Steal Nations’ Assets and Exert Control Read More »