Wednesday, April 21, 2021
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Russia’s money laundering watchdog monitoring crypto to ruble transactions

Russia’s Federal Financial Monitoring Service, or Rosfinmonitoring — the country’s Anti-Money Laundering body — is policing crypto to fiat transactions.The federal executive body responsible for AML oversight made this known while addressing the members of parliament on Tuesday, according to a report by Russian news agency Regnum.In a meeting with

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Bitcoin Overtakes Russian Ruble, Inches Closer To Top Ten Global Currencies

The leading cryptocurrency continues to absorb any and all capital in its path, causing its price and market cap to expand.  The recent uptrend and price appreciation in Bitcoin has caused the asset to outrank the Russian ruble in terms of total market cap. Here’s why the cryptocurrency continuing to rise

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Digital ruble could be still vulnerable to fraud, Russian banks warn

Russia’s central bank digital currency, or CBDC, could contain a number of risks related to cybersecurity and fraud, according to several local financial institutions.The Association of Russian Banks, or ARB, has released its official feedback on Russia’s digital ruble project on Jan. 13. The study included 17 ABR credit institutions in Russia

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Russia’s Crypto Community Fears Digital Ruble Plan Means ‘Back to USSR’

The Russian cryptocurrency and blockchain association known as RAKIB warned the country’s central bank against making its future central bank digital currency too centralized. RAKIB sent a letter to Bank of Russia Chairwoman Elvira Nabiullina saying the potential design for the “digital ruble” favored by the regulator will return

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Bank of Russia Fields Banking Industry Concerns Over Digital Ruble Proposal

The deputy chairwoman of the Bank of Russia, Olga Skorobogatova, met with representatives of several major banks Thursday, seeking early feedback on the concept of a digital ruble. According to Russian newspaper Kommersant, the bankers were chiefly concerned over how centralized the digital currency system, currently under consideration, might be

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Binance Adds Support for Instant Crypto Purchases With Russian Ruble

Binance, the second-largest crypto exchange by daily trading volume, has enabled instant purchases of four major digital currencies with the Russian ruble.The development allows Binance users to link their Visa banking card and purchase Bitcoin (BTC), Ether (ETH), Binance Coin (BNB) and XRP with the ruble, according to a

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