The Office of Foreign Assets Control (OFAC) has escalated its enforcement efforts by tightening its grip on individuals and entities operating within the financial...
Binance Holdings Ltd., the world’s largest cryptocurrency exchange, on Wednesday denied that it continues to help a significant amount of Russian funds move abroad...
Banks in Russia are preparing to dive into the pilot phase of the digital ruble project and some are already testing transactions with the currency. Trials have started with customer-to-customer (C2C) payments and Bank of Russia plans to expand the types of operations in the future. Digital Ruble Pilot Launches With 12 Participating Banks The…
The Central Bank of Russia has started to examine the operations of Russian banks with cryptocurrency exchangers, according to local media. Transactions between individuals through these platforms are of particular interest as the regulator believes these carry risks of financial losses and fraud. Central Bank Asks Russian Banks for Details on Crypto-Related Transactions In late […]
Twelve Russian banks are preparing for the first phase of testing the digital ruble. The CBDC will be available for payments between private individuals.
Russian bank Tinkoff has revealed it purchased a stake in Swiss digital company Aximetria. TCS Group Holding, the owner of Tinkoff, hasn’t announced the exact numbers but, according to unofficial sources, the group may now hold approximately 83.