Russia Financial News

21.02 / 15:15

boost U.S., Allies to Boost Efforts to Stop Russia Skirting Sanctions

The U.S. and its allies are preparing to increase efforts to enforce sanctions against Russia, threatening to hit foreign companies helping Moscow evade economic restrictions.

21.02 / 14:17

Progressive Action Central Bank Central Banks Hold Fate of Crypto in their Hands, Says Russian Economist

A leading Russian economist believes that central banks will ultimately determine the fate of crypto – even if they are not currently “prioritizing” their regulation of the sector.

21.02 / 13:33

regulation Department Of Justice sanctions Interpol Brit who consulted North Korea on crypto reportedly detained in Moscow

The local bureau of Interpol detained a British national charged by the United States Department of Justice (DoJ) in Moscow. He’s being alleged of conspiring to violate U.S. sanctions on North Korea.

21.02 / 06:49

Blockchain Technology Democracy corruption Bitcoin rights Bitcoin ‘fixes democracy’ and fights corruption: Human Rights Foundation

Bitcoin fixes broken democracies and fights government corruption by limiting its power to control its people, argues Bitcoin advocate and chief strategy officer of the Human Rights Foundation, Alex Gladstein.

20.02 / 23:17

Binance regulation SEC security Kraken Paxos The fate of dollar-pegged stablecoins in question: Law Decoded, Feb. 13–20

New week, a new element of the crypto ecosystem is under attack. This time, the United States Securities and Exchange Commission (SEC) ordered Paxos Trust to stop issuing Binance USD (BUSD) — a dollar-pegged stablecoin. Paxos received a cease order from the New York Department of Financial Services (NYDFS).

20.02 / 03:17

Digital Coindesk Ruble Russia preps digital ruble pilot

Central bank first deputy chairman Olga Skorobogatova told reporters that, while the pilot will involve real payments, it will be for a limited number of transactions and customers.Russia had planned to begin testing a digital ruble in 2021, but put back the project in the face of concerns from banks that it could make the banking system more centralised, according to CoinDesk.

20.02 / 03:13

us sanctions US sanctions are paving the way for the yuan to rival the dollar

Jason Hsu is chief investment officer at Rayliant Global Advisors

19.02 / 21:49

CBDC Digital Currency San Francisco Fed is Seeking CBDC Developer as More Countries Join the Race

The Federal Reserve Bank of San Francisco has announced a vacancy for a CBDC developer as the federal bank aims to explore the cost and benefits of the potential technologies for central bank digital currencies.

19.02 / 13:37

Blockchain CBDC Adoption Federal Reserve San Francisco federal bank eyes CBDC system development, reveals job posting

The Federal Reserve Bank of San Francisco is looking for a software engineer to help develop and implement systems related to a central bank digital currency (CBDC).

18.02 / 07:55

Target ECB Could Raise Rates Above 3.5%, Hold Them There, Official Says

BERLIN—The European Central Bank could increase interest rates above 3.5% and likely won’t cut them this year as the bank moves forcefully to bring inflation back on target, a top ECB official said.

17.02 / 19:23

Target ECB Could Raise Rates Above 3.5%, Hold Them There, Official Says

17.02 / 17:43

CBDC Adoption regulation Central Bank Bank of Russia Russia to roll out CBDC pilot with real consumers in April

The Bank of Russia is preparing to roll out the first consumer pilot for the nation’s central bank digital currency (CBDC) on April 1, 2023.

17.02 / 14:19

China Begins Hong Kong ‘Cross-Border’ Digital Yuan Pilot

Shenzhen, China, has begun a retail-focused “cross-border” digital yuan pilot with Hong Kong.

16.02 / 16:17

Target ECB Could Raise Rates Above 3.5%, Hold Them There, Official Says

15.02 / 21:57

Target EU Starts Discussions on New Export Bans, Sanctions Against Russia

European Union member states started discussions on a new set of economic measures targeting Russia, including proposals for a ban on over $11 billion worth of Russian imports and sanctions against Iranian entities the bloc says is supplying drones to Russia, diplomats said.

15.02 / 16:41

Target ECB Could Raise Rates Above 3.5%, Hold Them There, Official Says

15.02 / 16:41

Provident Ukraine, IMF Begin Loan Talks as Country’s Economic Woes Deepen

The International Monetary Fund has started negotiating with Ukrainian officials to put together what could be its largest loan package for the country since Russia’s invasion as the prolonged war deepens its economic woes.

15.02 / 10:43

Russia’s Central Bank Warns of Rate Rises if War Fuels Inflation

Russia’s central bank Friday surprised markets by warning it may soon have to raise its key interest rate to counter the threat of rebounding inflation as the government keeps spending heavily on its war in Ukraine.

15.02 / 04:21

Target ECB Could Raise Rates Above 3.5%, Hold Them There, Official Says

14.02 / 23:11

Provident Ukraine, IMF Begin Loan Talks as Country’s Economic Woes Deepen

14.02 / 18:31

Russia’s Central Bank Warns of Rate Rises if War Fuels Inflation