#russian
35 articles found
Latest
EU ramps up sanctions with first crypto ban aimed at Russians
-a8cbDqln.png "EU ramps up sanctions with first crypto ban aimed at Russians")
The European Union’s 19th sanctions package against Russia introduces, for the first time, a blanket prohibition on cryptocurrency transactions for Russian residents and direct targeting of crypto platforms as part of efforts to curb Moscow’s war-finance channels. The EU approved its latest sanction pack on October 22. 
The fiat gateway from Advcash made it possible for users to transfer their money stored in Russian banks, which have fallen under sanctions, to the exchange.
The user base is spreading this news, having gotten notifications from the exchange about it.
Nevertheless, Advcash representatives assert that they haven’t received any communications from Binance concerning updates to their partnership. 
Ukraine's Security Service has successfully dismantled a significant underground network that was carrying out unauthorized financial transfers between Russia and Ukraine, making use of banned Russian payment systems and digital currencies.
Active in four regions, these secretive hubs were handling over $1 million each month. Platforms like Yumoney, Webmoney, and various cryptocurrencies were employed to change Russian rubles into digital currencies and subsequently into Ukrainian hryvnia. The primary customer base was made up of hackers and companies participating in under-the-table transactions with Russia. 
WhiteBIT CEO: Standing Strong Against Russian Aggression
In an interview with BTC-ECHO, Volodymyr Nosov, the founder and CEO of WhiteBIT, discussed the impact of Russian aggression on the crypto exchange's business, how WhiteBIT stays a top competitor in the industry, and when he believes our financial system will be completely transformed. 
Binance has agreed to sell its entire russian assets to CommEX, marking a full exit from the country. The transition will take up to a year, ensuring a smooth migration for existing russian users. Notably, CommEX is a newly launched exchange, just one day into its official journey. Alex Bornyakov, the Deputy Minister of Digital Transformation of Ukraine, reflects on Binance's exit from the russian market: “There’s no longer room for any business to stay “neutral”. Blockchain technology is neutral but people leading crypto businesses should not be.” Check out our exclusive interview with Alex Bornyakov, where we delve into Ukrainian blockchain projects and digital education on the Diia.Digital platform. WhiteBIT: Metalist 1925 Lives On!
The escalating missile attacks on Ukraine by the russian terrorists devastated the assets of the sponsor championing the rejuvenated football club "Metalist 1925." Facing financial collapse and potential dissolution, the team has found a lifeline through a timely partnership with the renowned cryptocurrency exchange, WhiteBIT! Sanctioned Rosbank Introduces Cross-Border Crypto Payments
Rosbank, a major player in the Russian banking system, has begun executing cross-border crypto transactions. As of early June, the bank has carried out test transactions with both corporate and individual clients. This innovation aims to sidestep Western sanctions intended to halt Russia's conflict with Ukraine. US Probes Binance for Alleged Russian Sanctions Evasion
The Justice Department is investigating whether Binance Holdings Ltd., the world's largest cryptocurrency exchange, was used illegally by Russians to evade US sanctions related to Russia's invasion of Ukraine, according to sources familiar with the matter. 
Russian dev Alexey Pertsev will stay in jail until his hearing scheduled for April 21. This is the third that his lawyers’ request for bail was dismissed. His first appeal was rejected in August, the second – in November.
The Dutch court clings to such a heavy-handed approach due to Pertsev's alleged ties with the FSB and the North Korean hackers Lazarus Group.
This crime is rated as more severe than just tax evasion.