Key Takeaways Under the new bill, “digital financial actives” (DFA) would be prohibited as payment methods for goods and services. The bill introduces the term ‘electronic platform,’ which would be recognized as the subject of the national payment system. On…
Key Takeaways The Finance Ministry is contemplating bringing a broader group of “digital currencies” under the allowed payment methods for international trade. Russia’s Central bank had earlier called for ban on crypto. According to a report by local news outlet…
Key Takeaways A bill has been proposed in Russia that aims the introduction of the NFTs into the Civil Code of the Russian Federation. The law is supposedly introduced to protect the rights of Russian NFT Owners. There has been…
Key Takeaways: U.S. Treasury issued sanctions against Russia’s bitcoin mining industry. Russia can use its energy resources to evade the sanctions. U.S. Treasury Official States That Bitcoin Mining is Helping “Russia Monetize its Natural Resources” Russia’s invasion of Ukraine is…
Key Takeaways: Russia to request Africa to accept crypto payments. The former country is looking forward to building an alliance with the latter. After El Salvador started accepting crypto payments many countries followed the same path. Now it seems that…
Russia has been on the limelight for a while due to the war as well as its actions on the financial front. After the sanctions, it has been affected by worst financial situations since the fall of Soviet Union. Further,…
Key Takeaways: Top government officials stated on Monday that Japan will alter its foreign exchange rules to prevent Russia from dodging Western financial sanctions by using digital assets following Moscow’s invasion of Ukraine. According to Chief Cabinet Secretary Hirokazu Matsuno,…
Following G7 pledges to tighten crypto sanctions, Japan’s Financial Services Agency and Ministry of Finance jointly announced penalties on cryptocurrency exchanges. The penalty on the crypto exchange will not comply with sanctions imposed on Russia. It will be due to…
Key Takeaways: On 11 March MoneyGram International Inc. issued a statement. The statement said that MoneyGram has been keeping a close eye on the situation in Ukraine. As the humanitarian crisis in Ukraine region worsens, MoneyGram notify their customers and…
As soon as Russia declared war on Ukraine, most cryptocurrencies plummeted. On Thursday, bitcoin hit a one-month low, as ether and other cryptocurrencies also plummeted. The dip in cryptocurrency prices coincides with a drop in equity markets following Russia’s military…
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