Cryptocurrency is being used both to fund Ukraine’s defense and prevent Russia’s ability to skirt sanctions in what may become a pivotal moment for the industry.

Crypto exchange Binance has blocked transactions with Mastercard and Visa cards issued in the Russian Federation. The trading platform announced the move after the American payment giants decided to halt operations in Russia over its military invasion of Ukraine. Russians Unable to Use Their Mastercard and Visa Cards on Binance Starting on Wednesday, March 9, […]

Kraken is planning to hand out more than $10 million in aid for clients affected by the military conflict in Ukraine. The amount covers the fees paid by Ukrainian residents in almost a decade and will also include those withheld from Russian traders in the first half of 2022. Kraken Exchange to Give $1,000 in […]

Russia’s invasion of Ukraine has led to a cascade of events that in one…

The post Analyst: Sanctions on Russia could push more people into crypto appeared first on Coin Journal.

American cryptocurrency exchange Kraken has announced that it shall donate $1,000 in bitcoin (BTC)…

The post Kraken to donate Bitcoin worth over $10 million to affected Ukrainian citizens appeared first on Coin Journal.

In a blog post on Tuesday, Binance announced that Visa and Mastercard credit cards issued in Russia will no longer be available as a transaction method on its cryptocurrency exchange platforms. It also suggested that Russian users will not be able to use Mastercard and Visa cards issued by institutions outside of Russia. The policy applies to […]

Binance is making headlines again, but not thanks to its usual regulatory woes. The crypto exchange giant announced the launch of Bifinity, a payment tech company, and Binance’s “official fiat-to-crypto payments provider.” This admittedly looks like a standard industry update, but in reality, the new company is a huge litmus test for the controversial crypto exchange […]

FTX CEO Sam Bankman-Fried believes the sanctions imposed on Russia have made it difficult for them to access digital assets.

The world’s leading payment processors Visa and Mastercard have joined sanctions against Russia over its military invasion of Ukraine. The American companies announced suspension of operations in the Russian Federation although Russians will be able to use their cards inside the country. Card Payment Giants Visa and Mastercard Add to Pressure on Russia Over Ukraine […]

Coinbase CEO says the exchange will not ban Russian users, citing the fact that many citizens are not supportive of the decision of their president to go to war against Ukraine. (Read More)

The Central Bank of Russia (CBR) maintains this stance despite the present economic downturn.

A number of payment and remittance platforms, now including Paypal, have restricted access to their services in Russia as western sanctions over Moscow’s invasion of Ukraine continue to expand. Fintech companies have been limiting operations in the Russian Federation also in response to Kyiv’s call for help. Payments Giant Paypal Halts Services in Russia, Maintains…

The post Paypal Joins Other Payment and Remittance Providers Suspending Services in Russia appeared first on Bitcoin News Miner.