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Gleb Kostarev, Binance's head of Eastern Europe and Russia, took to Facebook on Sept. 6 to announce its departure from Binance.In his Russian-language announcement, Kostarev said that today marks the last day of his long-running work at Binance, adding:“I am stepping down as VP responsible for Eastern Europe, CIS, Turkey
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The world’s largest crypto exchange is reportedly reevaluating its business in Russia. One of the options on the table is a full withdrawal from the Russian market. Potential for a full exit According to the Wall Street Journal, a
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Binance, the largest crypto exchange by trading volumes, is accused of engaging with sanctioned companies in Russia. Binance on focus An Aug. 22 report from WSJ alleges that despite Binance’s assertion of compliance and non-engagement with sanctioned entities,
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The central bank of Russia is preparing to pilot the digital ruble, the country’s central bank digital currency (CBDC). Starting on Aug. 15, the test will aim to evaluate the feasibility and functionality of a digital rendition of the
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“The launch of pilot operations with real digital rubles is the most important stage of the project," the Bank of Russia said in Wednesday's announcement. "This will allow us to test the operation of the digital ruble platform already in an industrial environment, work out all the necessary procedures with
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Russia’s central bank digital currency (CBDC) project developed by the Bank of Russia (BoR) has revealed its official logo. The central bank has also published commission fee rates, which would exceed zero points only in 2025.The logo of the digital ruble. Source: The Bank of RussiaOn Aug. 3, the BoR revealed
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None of the “sanctions targeting Russia completely prohibit involvement in the mining sector,” said David Carlisle, vice president of policy and regulation at Elliptic, a blockchain analytics firm. Still, there are “significant risks” for firms operating in Russia’s mining sector: they can’t do business with sanctioned entities including mining hosting
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According to the head of the parliament's committee on financial markets Anatoly Aksakov, the digital ruble will also allow controlling and limiting the ways private citizen can spend them. For example, parents would be able to control on what their kids spend their pocket money, Aksakov told Parlamentskaya Gazeta in
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Russia is moving forward with its central bank digital currency (CBDC), after President Vladimir Putin signed the digital ruble bill into law on July 24 according to an official document published by the state.With this approval, the digital ruble law is now officially scheduled to take effect from Aug. 1,
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The country reportedly backed out of plans to build a "national crypto exchange," its latest sign of indecision. Source
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