Text size Russian stocks traded in the global financial center of London have plunged in value. Above right, the London Stock Exchange. Simon Dawson/Bloomberg Some Russian companies have recently been...
Tag: sanctions
Democratic senators ask Treasury to report on work on crypto sanctions
advertisement Four members of the Senate Banking Committee are asking what the Treasury Department is doing about crypto in the context of sanctions policy. In a March 2 letter to Treasury Secretary ...
Russia Did Not ‘Foreshadow’ That Crypto Would Save Economy From Sanctions, Says DeFi Expert
Russia has not anticipated the crippling impact on its economy from the sweeping sanctions imposed by Western countries and their allies, with the Kremlin unable to use cryptocurrencies to circumvent ...
In light of Russia sanctions, Fed chair calls for legislative framework to stop illicit crypto use
In an appearance before Congress today, the chair of the Federal Reserve made a rare commentary on legislation, addressing crypto in sanctions avoidance on the part of Russia. Jerome Powell, the Fed&#...
Sberbank Winds Up European Operations amid Sanctions
Sberbank, which is the largest Russian lender, confirmed its decision to withdraw from the European markets on Wednesday due to the mounting pressure on its operations from western sanctions. The Russ...
Crypto Gaming Firm Bans Russians to Comply With Sanctions
One of the biggest blockchain game developers has become the first crypto-related firm to block Russian users from accessing its services. Animoca Brands‘ co-founder announced the decision following R...
Why Russia can’t use crypto to evade sanctions
As the war in Ukraine is continuing on its sixth day, sanctions imposed on Russia are both widening and deepening. More and more countries and international institutions are implementing sanctions, an...
Experts reject concerns Russia will use crypto to bypass sanctions: ‘Totally unfounded’
Experts on crypto policy argue that concerns expressed by high profile politicians about Russia evading economic sanctions using cryptocurrency are “totally unfounded.” They say the crypto market is n...
China Shunning Russian Coal With Banks Nervous Over Sanctions
(Bloomberg) — Chinese power plants and steelmakers are looking for alternatives to Russian coal after some domestic banks suggested they avoid purchases due to the mounting sanctions being imposed on ...
Russia Can’t Rely On Crypto As Shield From Crippling Sanctions, Analysts Say
Using crypto as shield to save the country’s financial system from further collapse may not be the best solution for Russia in its ongoing invasion of Ukraine. As Russia continues to pound the country...
As The West Tightens Sanctions Against Russia, The Rouble Plummets To New Laws
The rouble fell to 119.50 per dollar in Asian trading, a record low for the economy and a steep 30 % drop from Friday’s close. Since then, it has recovered to around 110 cents per dollar. On Sun...
The U.S. Treasury declared comprehensive sanctions against Russia
The US took substantial and unprecedented action in response to Russia’s continued invasion of Ukraine. The US imposed severe economic costs on Russia economy and financial system. Those sanctions wil...
Facing global sanctions, do cryptocurrencies present a way out for Russia
As the war in Ukraine rages on, an interesting phenomenon that has emerged is the role cryptocurrencies can play during a global crisis of this scale, and the ways in which it can be utilized by both ...
Treasury Department Warns Against Circumventing Russia Sanctions, Targets Digital Currencies and Physical Assets
The U.S. Treasury Department is calling out digital assets as it prepares to enforce new sanctions against Russia. The Office of Foreign Assets Control (OFAC) is detailing a series of measures designe...
sanctions should include Russia’s energy sector
The iShares MSCI Russia ETF (ERUS) is down another 10% on Tuesday after payments giants Mastercard and Visa barred a list of Russian financial institutions from their networks. The announcement compli...
US Treasury Adds More Teeth On Russian Sanctions – Will It Scare Putin And His Central Bank?
The United States is making sure that Russian sanctions remain tightly in place and prevent Russia from taking any refuge from cryptocurrencies and use these to advance its goals. According to people ...
Can Russia Exploit the Sanctions With a CBDC and Its SWIFT Alternative?
With the so-called “Special Military Operation” in Ukraine, some major world economies including the U.S., U.K., Japan, and EU had imposed sanctions on Russia. Consequently, leading to some internatio...
The U.S. Moves To Block Russia’s Crypto Access As Sanctions Intensify ⋆ ZyCrypto
Advertisement     Recent reports reveal the US government is currently in talks with some of the biggest US-based crypto companies on ways to restrict Russia’s access ...
US urges crypto exchanges to ensure Russia doesn’t avoid sanctions
TL;DR Breakdown US authorities have issued a directive to crypto exchanges instructing them to restrict access to individual users in Russia. Despite the sanctions, Russian consumers have turned to cr...
U.S. Requests Crypto Exchanges to Avoid Russian Running away from Sanctions
The U.S. is reportedly urging major crypto exchanges to make sure no Russian individuals or institutions escape from the sanctions by using cryptocurrencies, according to Bloomberg. Citing to personne...
Major Cryptocurrencies—Including Bitcoin, Ether—Rise Amid Fears Russia Will Use Them To Evade Sanctions
Topline The value of top cryptocurrency tokens—including market leaders bitcoin and ether—soared on Tuesday, the sixth day of Russia’s invasion in Ukraine, reversing steep declines from the start of t...
Visa, Mastercard Block Russian Banks As Per New U.S. Sanctions
Visa and Mastercard, the world’s largest card operators, said they had blocked Russian banks from their networks under new U.S. sanction orders. The two also announced $2 million donations each in hum...
US Asks Crypto Exchanges to Ensure Digital Currencies Not Used to Avoid Sanctions
The Biden administration has been talking to crypto exchanges, asking them to prevent Russian users from using their platforms as a way to avoid sanctions. Some crypto entities have limited or blocked...
U.S. Includes Crypto In Russian Sanctions, Warns Exchanges
The U.S. Treasury Department said that recent sanctions levelled against Russia will include checks on digital currencies, with effect from March 1st. The White House also warned major crypto exchang...
Number of bitcoin whales spikes as sanctions on Russia bite
The number of blockchain wallet addresses with hordes of more than 1,000 bitcoin — around $43 million — surged on Monday as Western nations stepped up sanctions on Russia’s government and wealth...
Ruble-Crypto Trading Soars amid Western Sanctions on Russia
On Monday, trading volumes between the Russian ruble and the Tether cryptocurrency surged as Western powers slapped sanctions on Russia over the Ukraine-Russia war, Reuters reported on Feb. 28. Intere...
Bitcoin price tops $44,000 as sanctions take toll on Russia
advertisement The price of bitcoin has increased sharply by around 15% over the past 12 hours to top $44,000. The price of one bitcoin briefly topped $44,000 before returning to hover at just over $43...
Sanctions on Russia Puts Focus on China’s Central Bank
(Bloomberg) — China’s central bank could provide a financial lifeline to Russia if Beijing decides to buck Western efforts to cut its strategic partner out of the global financial system. Most R...
Worst-Ever Russia Sanctions Set To Become A Business, Market Nightmare
The skyscrapers of Moscow against a residential street. Washington and Brussels have hit the Russian … [+] economy with never-before-seen sanctions since its 2014 battle with Ukraine. What’...
USDT/RUB surges by 30% in five days amid harsh sanctions
Tether (USDT), the stablecoin pegged against the US dollar, is surging against the Russian ruble. The stablecoin is up by more than 30% in just five days, and it has now reached an all-time high again...