El Salvador has proposed using Bitcoin for trade with Russia to overcome financial transaction limitations imposed by sanctions. This revelation came from Alexander Ilyukhin, First Secretary of the Russian Embassy in Nicaragua and Head of the Office in El Salvador, in an exclusive interview with State media outlet Izvestia. Ilyukhin ...
The Bank of Russia is exploring the possibility of legalizing stablecoins for cross-border transactions, a move that could provide alternative trading avenues amid ongoing economic sanctions. Alexei Guznov, deputy governor of the central bank, revealed this development in an interview with the state newspaper Izvestia. Guznov explained that discussions and ...
The European Council has unveiled its 14th package of sanctions, focusing on crypto providers outside Europe that support Russia's defense-industrial base. This latest round of measures aims to tighten restrictions on key sectors of the Russian economy, including energy, finance, and trade. According to a press release, the Council has ...
In response to what's been labelled a preordained and stage-managed electoral victory for Russian President Vladimir Putin, exiled opposition leader Mark Feygin has initiated an anonymous, blockchain-powered referendum to gauge public sentiment. The referendum, which will be conducted through the Russia2024 app, built with Rarimo's Freedom Tool, seeks to provide ...
Binance is bidding farewell to the Russian market, selling its business subsidiary in the nation to CommEX. While this exit process will unfold over the next year, Binance has assured its Russian users that their funds will remain unaffected. In a statement released on September 27, 2023, Binance highlighted its ...
Anatoly Aksakov, a Russian lawmaker and chair of the Parliament's financial committee, has predicted that blockchain technology and the adoption of Russia's Central Bank Digital Currency (CBDC), known as the Digital Ruble, would lead to a gradual decline in the significance of traditional banks. According to a local news agency, ...
Russia's Central Bank has announced that the anticipated pilot testing program for its central bank digital currency (CBDC), known as the digital ruble, is set to kick off on August 15, 2023. According to the Bank, this testing phase is crucial because it allows them to see how well the ...
The U.S. Department of Justice (DOJ) has charged a Russian national named Mikhail Pavlovich Matveev for his involvement in cyber-attacks targeting American infrastructure. Matveev, known by various aliases such as Wazawaka, m1x, Boriselcin, and Uhodiransomwar, is linked to a series of cyber-attacks that affected a wide range of victims in ...
A senior Russian official has reportedly stated that the BRICS coalition, made up of Brazil, Russia, India, China, and South Africa, should work together to create a new currency that benefits its member countries and dampens the US dollar's prevailing influence on global trade. According to the report, Alexander Babakov, ...
According to a March 28 report, the Bank of Russia's CBDC pilot program will not begin on its previously announced date of April 1, 2023. The legislation that backs the program has only passed the first reading in the lower house of the Federal Assembly. The report noted that the ...
