Russia Financial News

18.03 / 00:47

Government Law lawmakers US lawmakers US lawmakers introduce bills that could force crypto exchanges to cut ties with Russian wallets

Representative Brad Sherman will be introducing a bill in the House aimed at cracking down on U.S. businesses handling crypto transactions for Russian banks and individuals.

18.03 / 00:31

Ethereum Altcoins Bitcoin end Here Is Internet Computer Founder's Proposal to 'Hasten the End' of Ukraine War

Dominic Williams, the founder of Internet Computer (ICP) and the non-profit organization dedicated to building and promoting it, DFINITY, has a plan to help end the war in Ukraine.

18.03 / 00:13

Blockchain Banks Central Bank Central Bank of Russia issues digital asset license to Sberbank in apparent policy reversal

Less than two weeks after the Central Bank of Russia, or CBR, reiterated its position proposing to ban the issuance, mining and circulation of cryptocurrencies in Russia, it appears to have reevaluated its policy. In a press release published on Thursday, the CBR added the country’s biggest lender, Sberbank, to its register of information system operators for digital financial assets. As reported by local news outlet Tass, the CBR stated:

17.03 / 23:05

Government Law Cybersecurity lawmakers National US lawmakers US lawmakers discuss crypto’s role in sanctions, national security, and humanitarian aid

Industry experts and lawmakers who spoke at a hearing of the United States Senate Committee on Banking, Housing, and Urban Affairs clashed on how the country should handle digital assets used for illicit purposes.

17.03 / 23:05

economics BitMEX Bitcoin Reserve end Freezing Russian Reserve Assets Marks End of Monetary Regime; Gold, Bitcoin to Rise – Arthur Hayes

The world’s current monetary regime effectively ended with the freezing of Russian foreign reserves by Western governments on February 26. In the new era, central banks will no longer save reserves in Western fiat currencies -- instead, turning to gold and bitcoin (BTC) as their preferred reserve assets, according to former BitMEX CEO Arthur Hayes.

17.03 / 21:19

UPS Lowe's Ripple Gramercy Funds CIO on emerging markets investing amid the Russia war, including Ukrainian bonds

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17.03 / 20:57

Citi Puzzle Investors puzzled over owed funds from Russia’s bond payment via Citi

Confusion over whether Russia’s foreign bondholders will receive payments that were due on 16 March put the spotlight on the bank at the centre of it all: Citigroup.

17.03 / 20:53

Government Blockchain How blockchain intelligence can prevent Russia from evading sanctions

As pointed out by Caroline Malcolm, head of international policy at Chainalysis, the transparent nature of blockchain technology makes it relatively easy for crypto intelligence companies to track funds related to sanctioned entities.

17.03 / 20:19

Ethereum cryptocurrency economics Bitcoin Future Bitcoin & Crypto Market Rises After US Rate Hike, Future Role of US Dollar in Focus

The price of bitcoin (BTC), ethereum (ETH), and most other cryptoassets moved higher today, after the US Federal Reserve (Fed) yesterday raised rates for the first time since 2018, and a discussion about bitcoin’s role in a future monetary regime re-emerged.

17.03 / 19:19

Provident Deal NOT Deutsche Bank CFO says that deal slowdown is a ‘delay’ not a slump

The sudden drop off in dealmaking activity this year, particularly in the wake of Russia's invasion of Ukraine, is just a short-term setback, according to Deutsche Bank's chief financial officer James von Moltke.

17.03 / 19:09

Binance Tether USDT Tether Trading Volume in Ukraine Rises Again, Russian Volume Down

Trading volume in tether (USDT) using the Ukrainian hryvnia (UAH) fiat currency on crypto exchange Binance continues to see strong growth, reaching a new war-time high on Wednesday this week. Meanwhile, trading volume in both USDT and bitcoin (BTC) using Russian rubles is down significantly since the aggression on Ukraine started.

17.03 / 17:47

markets Gold Bitcoin Bitcoin Price Bitcoin faces new ‘milestone’ in 2022 as new forecast predicts BTC price ‘in the millions’

Bitcoin “may be primed” for a quantum leap in its development thanks to inflation this year, a Bloomberg analyst has claimed.

17.03 / 17:35

Citi BURST FN25 finance leaders: How they made the City great

Financial News was founded a decade after the ‘Big Bang’ that transformed financial markets through wide-ranging deregulation. In the two-and-half decades since, the City of London has changed almost beyond recognition.

17.03 / 17:23

Fallout ESG and the sanctions paradox: What if Russians are ‘cut off to the point that they starve?’

Russia may be the next hurdle for ESG fund managers.

17.03 / 16:39

markets regulation Trading XHV, RUNE, REQ: Here’s how you can be tipped off to the week’s winners before they post strong gains

The mixed crypto market that took hold starting late last year does not offer as many profit opportunities as the blooming altcoin season that came before it. There are way fewer winners than in bull times, and the thorough research needed to single them out can become a full-time job. Luckily, there are ways to outsource some of this effort.

17.03 / 16:37

cryptocurrency What is life like for Westerners in Russia amid the war in Ukraine?

A month ago, Mark*, a British teacher in Moscow, was making holiday plans with his expatriate friends.

17.03 / 16:05

regulation economy Central Bank Friend Russia’s Central Bank Goes to War. Is Cryptocurrency a Friend or Foe?

In January 2022, the Central Bank of Russia (CBR) proposed a number of measures aimed at curtailing the country’s cryptocurrency market, which included a blanket ban on the use and mining of all cryptocurrencies. It pointed out risks posed by the volatile nature of cryptocurrencies to the financial stability of the country, the extensive use of crypto in illegal activity and the energy costs involved in crypto mining. However, the utility of blockchain technology didn’t escape the CBR. The following month, it announced that it had started the pilot stage of the digital ruble, its planned central bank digital currency (CBDC).

17.03 / 16:01

UPS Ethereum Strategy Bitcoin ATH BTC-ETH correlation closing in on ATH; here’s what might be next

Many crypto traders invested their hard-earned savings in Bitcoin, only for it to behave like.. .an alt? A report from Arcane Research took a closer look at this phenomenon, to better understand whether Bitcoin, Ethereum, and even some other assets are giving each other enough space.

17.03 / 15:05

cryptocurrency Kremlin anger after Joe Biden calls Vladimir Putin a 'war criminal'

US President Joe Biden has branded his Russian counterpart Vladimir Putin a "war criminal" over his invasion of neighbouring Ukraine.

17.03 / 15:05

cryptocurrency Social Media sanctions Which tech companies are cutting ties with Russia over its war in Ukraine?

From social media giants to chipmakers and video game publishers, a growing number of tech companies are halting business with Russia in response to its invasion of Ukraine.

17.03 / 14:13

regulation coinbase Kraken Crypto Exchanges Facing 'Fork in the Road' Over Russia Sanctions - London Stock Exchange Group CEO

Amid the West’s intensifying efforts to punish Russia’s authorities for their invasion of Ukraine, crypto exchanges are facing long-term damage to their industry if they decide to remain active in the Russian market, according to David Schwimmer, CEO of the London Stock Exchange Group.

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