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Regulation

CySEC Extends Russia-Linked Otkritie Broker Director Ban Implementation by Six Months

  • The decision to prohibit Otkritie Broker Ltd's sole director from exercising management duties was postponed.
  • This marks the second six-month delay in implementing the ban announced by the regulator.
Wednesday, 02/10/2024 | 10:31 GMT by Damian Chmiel
CryptoCurrency

US Charges Two Russian Nationals in Money Laundering Scheme Involving Crypto Exchanges

  • DOJ, in partnership with international partners, seized domain names connected to illegal crypto exchange operations.
  • One individual is accused of laundering over $1.15 billion through crypto transactions.
Thursday, 26/09/2024 | 21:27 GMT by Jared Kirui
News

Binance Serves Users Despite 2023 Exit, Sees 43% Decline in Russian Traffic

  • The firm's Russian-language Telegram channel remains active, providing updates to 130,000 subscribers.
  • It claims to have exited Russia; despite a drop, the country still accounts for 6% of its total website traffic.
Thursday, 26/09/2024 | 08:33 GMT by Tareq Sikder
FinTech

“Pavel Durov Has Nothing to Hide”: Telegram States in Its First Official Statement

  • The messaging platform also highlighted that it abides by EU laws.
  • Meanwhile, many political and business figures have come out in support of Durov.
Monday, 26/08/2024 | 06:48 GMT by Arnab Shome
CryptoCurrency

Russia Legalizes Cryptocurrency Mining in New Law Signed by Putin

  • The legislation only allows registered Russian legal entities and individual entrepreneurs to engage in cryptocurrency mining.
  • It also permits trading foreign digital financial assets on Russian blockchain platforms.
Thursday, 08/08/2024 | 20:00 GMT by Jared Kirui
Institutional FX

Moscow Exchange Pauses Dollar and Euro Trading Following Latest US Sanctions

  • Russian central bank plans to use over-the-counter trading data for official exchange rates.
  • The bank has urged individuals and companies to buy and sell USD and euros from local banks.
Wednesday, 12/06/2024 | 17:46 GMT by Jared Kirui
CryptoCurrency

US, UK Probe $20B Crypto Transfers Linked to Russian Exchange: Report

  • The Moscow-based crypto exchange Garantex is accused of facilitating transactions involving sanctioned entities.
  • Stablecoin issuer Tether Holdings is implicated in the probe.
Thursday, 28/03/2024 | 20:04 GMT by Jared Kirui
CryptoCurrency

CommEX Shuts Down Only 6 Months after Acquiring Binance's Russia Business

  • The platform suspended services from March 20 and will complete the shutdown of website access by May 10.
  • Operated by a Seychelles-registered firm, details regarding ownership and operations of CommEX remain limited.
Monday, 25/03/2024 | 11:36 GMT by Tareq Sikder
CryptoCurrency

Binance Pulls the Plug on Russian Ruble: Delisting Confirmed by January 30

  • Users are advised to trade, convert, or withdraw RUB assets on Binance before the deadline.
  • Binance spot trading and other services will delist RUB trading pairs.
Wednesday, 24/01/2024 | 20:46 GMT by Jared Kirui
CryptoCurrency

Binance P2P Drops Support for RUB Pairs Post CommEX Sale

  • It will cease support for Russian Ruble trading pairs starting January 31.
  • In September, the firm exited the Russian market, transferring its operations to CommEX.
Monday, 11/12/2023 | 14:57 GMT by Tareq Sikder
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.
Monday, 27/11/2023 | 20:33 GMT 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.
Friday, 10/11/2023 | 17:58 GMT 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.
Thursday, 09/11/2023 | 10:08 GMT 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.
Wednesday, 27/09/2023 | 10:34 GMT 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.
Friday, 15/09/2023 | 11:36 GMT 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.
Tuesday, 29/08/2023 | 05:10 GMT 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.
Monday, 28/08/2023 | 08:30 GMT 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.
Tuesday, 22/08/2023 | 20:38 GMT 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.
Wednesday, 09/08/2023 | 16:03 GMT 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.
Friday, 04/08/2023 | 09:23 GMT 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.
Monday, 24/07/2023 | 19:05 GMT 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.
Friday, 09/06/2023 | 22:53 GMT 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.
Tuesday, 30/05/2023 | 05:55 GMT 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.
Tuesday, 25/04/2023 | 06:14 GMT 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.
Wednesday, 12/04/2023 | 08:06 GMT by Damian Chmiel
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