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The bank of Russia also suggested including digital assets trading into the traditional stock market infrastructure. Rules of access to the digital assets market should be harmonized with the ones for the traditional securities markets, so that unqualified investors can access both within the 100,000 rubles a year limit ($1,640)
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The Monetary Authority of Singapore (MAS) has reiterated that cryptocurrency exchanges need to conform to restrictions on Russian users imposed over Moscow’s invasion of Ukraine. The reminder comes after researchers established that pro-Russia activists have raised millions of dollars in digital assets to support its war effort. Singapore Says Measures Targeting
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Russia has seemingly turned to cryptocurrency since the West decided to ‘punish’ the nation for its invasion of Ukraine. A list of
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The Monetary Exchange of Singapore (MAS), the country’s central bank and financial regulator, reminded all authorized cryptocurrency exchanges in the country to comply with financial sanctions in place against Russia. The statement came after research that revealed millions in crypto donations raised by pro-Russia groups in support of the ongoing conflict
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Economists have weighed in on reports that China and Russia may be developing a new gold-backed currency that could undermine the U.S. dollar’s status as the world’s primary reserve currency. Russia and China May Be Developing Gold-Backed Currency Several experts have shared their views on Russia and China potentially creating a new
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The number of bitcoin ATMs has been on the rise in Russia’s capital and the rest of the country, a press report revealed this week. There is demand for the service as it offers easy access to cryptocurrencies, although not at the best exchange rates and still amid regulatory uncertainty.
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Russian revenues from the minting of bitcoin saw a multifold increase in the past few years before declining significantly since this past spring. The findings come from a new study which also established that the sector was growing during both ups and downs in the crypto market. $1.4 Billion in Turnover
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Polymarket detailed that “this market will resolve to ‘Yes’ if the Russian Federation detonates a nuclear device in an offensive capacity by Dec. 31, 2022, 11:59:59 p.m. ET. Otherwise, this market will resolve to ‘No.’” It added that to meet the “Yes” criteria, the detonation of a nuclear device must
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The deadly conflict that started with Russia’s assault on Ukraine has increased crypto-related activity in both countries, according to Chainalysis. Fiat inflation and sanctions pressure led to several spikes in transaction volumes this year, the blockchain forensics firm has found, while Eastern Europe as a whole sustained its role in
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The collective that’s home to NFT collections NBA TopShot and Crypto Kitties will no longer support wallets, accounts or custody services that are traced to Russia. Source
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