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The web3 protocol said its decision followed legal guidance from the U.S. Treasury while debunking unverified reports of restrictions on non-sanctioned countries. Wallet Connect announced an update to which regions can access its open-source protocol used for linking blockchain wallets to decentralized apps. Russian users have been geo-blocked from the platform
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The Bank of Russia has announced changes to regulating its central bank digital currency (CBDC), the digital ruble. The central bank will allow foreign banks to open digital ruble accounts from Jan. 1, 2025 to promote cross-border payments and financial inclusion. The digital ruble is a digital form of the national currency
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This week, crypto markets were in turmoil. Justin Sun’s HTX and Mixin Network fell victim to hacks. Binance left Russia while MicroStrategy augmented its BTC stash. A flurry of hacks and scams The crypto scene witnessed a slew of security breaches and developments around scams throughout this week. Crypto exchange Upbit
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Amid growing skepticism about CommEx — Binance’s mysterious buyer in Russia — the newly launched firm has continued denying Binance’s ownership involvement.On Sept. 29, CommEx issued an open letter to the community, reiterating that the company is not owned by Binance, which announced its exit from Russia by selling the
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Russian Prime Minister Mikhail Mishustin announced on Sep. 28 that the country is developing a blockchain-based system for international settlements using digital financial assets (DFA), which are tokenized versions of traditional financial instruments. Speaking at the Moscow Financial Forum, the Prime Minister said that the Russian government alongside the Bank of
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On Sep. 28, Binance CEO Changpeng Zhao said some former Binance Russia employees and the Commonwealth of Independent States might be integrated into the CommEx team. Zhao mentioned that this move aims to make the transition of Binance users to CommEx as smooth as possible in the region. CommEX’s platform, APIs,
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CommEX, the entity that has acquired Binance’s Russian branch, is registered in Seychelles and will be accessible to users in Crimea, a sanctioned territory. In a Q&A session on Telegram, a CommEX spokesman said they are working with Crimea, a peninsula in Eastern Europe sanctioned by the U.S., the European Union
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Cryptocurrency exchange Binance has announced its full exit from Russia by selling its firm to a newly launched crypto exchange business known as CommEX.Binance has entered into an agreement to sell the entirety of its Russia business to CommEX, the firm said in an announcement to Cointelegraph on Sept. 27.
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Blockchain analysts warn of growing cooperation between Russia-based crypto exchanges and North Korea-linked hacking groups. Democratic People’s Republic of Korea hacker groups have been actively using Russia-based exchanges to launder crypto since 2021, as strict international monitoring of North Korea’s on-chain crimes limits the country’s possibilities of an enrichment capability. According to
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Two Binance executives announced they were leaving the company amid the rumors of the major exchange possibly exiting Russia. Binance’s head of Eastern Europe and CIS, including Russia, Gleb Kostarev, announced in a Sept. 6 LinkedIn
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