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Retail FX

Russia's SPB Exchange Battles Fraudulent Bankruptcy Claims: Report

  • The alleged fraudulent claims caused SPB Exchange's shares to plummet.
  • The Moscow Arbitration Court declined to acknowledge the bankruptcy filings.
by Jared Kirui
CryptoCurrency

Binance to Cease Russian Ruble Deposits and Withdrawals in Exit Strategy

  • The firm intends to discontinue RUB withdrawals as of January 31.
  • Users have the choice to transfer their funds to CommEX.
by Tareq Sikder
Retail FX

VTB Europe Loses Naming Rights as Russia Distances Itself from Subsidiary

  • VTB believes the European branch was illegally taken over.
  • After the sanctions were imposed on Russia, German regulators were responsible for the branch's fate.
by Damian Chmiel
CryptoCurrency

Binance Announces Exit from Russia, Sells Business to CommEX

  • Binance's strategic move signals compliance focus.
  • It has initiated a year-long off-boarding plan to ensure a smooth transition.
by Tareq Sikder
Trending

Russian Billionaires Sanctioned for Profiting off Ukraine War

  • US sanctions Russian billionaires and 150 entities for profiting from Ukraine invasion.
  • Oligarchs Bokarev and Makhmudov face Uncle Sam's wrath.
by Louis Parks
CryptoCurrency

Effect of Supporting Sanctioned Banks? Binance Mulls Russia Exit

  • Binance recently dropped support with sanctioned banks from its P2P platform.
  • The exchange is now reconsidering its whole Russian business.
by Arnab Shome
CryptoCurrency

Binance Narrows P2P Services in Russia, Drops Sanctioned Banks

  • Russian clients of the exchange were allowed to deposit rubles using five sanctioned banks.
  • A Binance spokesperson called it a “gap” in its service.
by Arnab Shome
CryptoCurrency

Binance Allegedly Used Sanctioned Banks for P2P Crypto Transfers in Russia

  • The exchange has denied the report.
  • It quietly lifted restrictions on Russians, according to an earlier report.
by Solomon Oladipupo
CryptoCurrency

Russia Gears Up for CBDC: To Begin Digital Ruble Trials with 13 Banks

  • The pilot will begin on August 15.
  • Bank of Russa will test multiple use cases for the digital ruble, including payments.
by Jared Kirui
CryptoCurrency

Russia to Charge Commissions on Digital Ruble Transactions from 2025

  • Individuals have to pay as much as 0.3 percent of the transaction value.
  • The Russian President granted the law around the digital ruble last month.
by Arnab Shome
CryptoCurrency

Putin Approves Law on Digital Rubble

  • A pilot test based on the digital rubble is expected to go live in August.
  • The CBDC will be accepted for payment and money transfer.
by Solomon Oladipupo
CryptoCurrency

2 Russian Citizens behind 2011 Hack of Mt. Gox, US Alleges

  • The DOJ said the Russian nationals stole about 647,000 BTCs at the time.
  • Alexey Bilyuchenko allegedly invested illicit funds from Mt. Gox in BTC-e.
by Solomon Oladipupo
CryptoCurrency

Russia Scraps Plan for a Crypto Exchange under MOEX

  • The country is moving toward introducing rules for crypto exchanges.
  • Cryptocurrencies will allow Russian businesses to bypass sanctions.
by Arnab Shome
CryptoCurrency

Binance Quietly Lifts Restrictions on Russians

  • Russians can now make deposits at Binance using bank cards.
  • The EUR 10,000 cap on Russian accounts is also gone.
by Arnab Shome
Retail FX

CySEC Takes Action on Russia-Linked Otkritie Broker

  • CySEC targets Otkritie Broker over Russian bank connections and bans one of its directors.
  • The regulatory provisions will take effect in six months.
by Damian Chmiel
CryptoCurrency

Russia Indefinitely Delays Digital Ruble Pilot

  • The digital ruble pilot was scheduled to start on April 1.
  • 13 Russian banks confirmed technical readiness to participate in the program.
by Arnab Shome
CryptoCurrency

Genesis Vision to Suspend Services amid Russia Exposure

  • Its legal entities are 'highly affiliated' with Russian citizens.
  • It now focused on reorganizing its legal structure and products.
by Arnab Shome
Institutional FX

Russia’s MOEX’s FX Market Slides 24% to RUB 14.9 Trillion in October

  • Major trading venues have reported decreased spot forex ADVs in October.
  • MOEX's total trading volumes dropped -3.5% to RUB 71.7 trillion.
by Solomon Oladipupo
CryptoCurrency

Russia-Ukraine War: EU Completely Forbids Crypto Payments from Russia

  • The crypto ban is one of several new 'hard-hitting' measures of the EU against Russia.
  • The bloc banned seven Russian banks from accessing SWIFT earlier in March.
by Solomon Oladipupo
Regulation

Bank of Russia Agrees to Allow Cryptocurrencies for Cross-Border Payments

  • The country might soon bring legislation to enable crypto cross-border payments.
  • Earlier, the country banned the usage of crypto for payments.
by Arnab Shome
Institutional FX

Russia’s MOEX to Resume Early Morning FX, Evening Stock Trading in September

  • MOEX will halt the use of US dollar as collateral on August 29th.
  • The exchange's forex market relapsed in July.
by Solomon Oladipupo
Institutional FX

MOEX Sees 18.8% YoY Dip in Fee and Commission Income during Q2

  • Compared to the previous quarter, the number was down by more than 24%.
  • EBITDA in the second quarter climbed by 17%.
by Bilal Jafar
Retail FX

Banning Russia from the Marine Insurance Market May Amplify Demand for Gas Products

  • China may re-enter LNG markets when covid-19 lockdowns' impact diminishes.
  • The Power of Siberia is being connected to China as pipeline gas exports increase.
by Matti Williamson
Institutional FX

Court Bans Credit Suisse from Disposing of Shares in Russian Units

  • A Moscow court issued the order.
  • The bank cannot dispose of its shares in Bank Credit Suisse and Credit Suisse Securities.
by Felipe Erazo
CryptoCurrency

Fintech Firm Arranges the First Digital Asset Deal in Russia

  • VTB Factoring conducted the transaction through a tokenized debt pool.
  • The bank claimed it was the first transaction of its kind backed by cash in Russia.
by Felipe Erazo
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