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CryptoCurrency

2 Russian Citizens behind 2011 Hack of Mt. Gox, US Alleges

  • The DOJ said the Russian nationals stole about 647,000 BTCs at the time.
  • Alexey Bilyuchenko allegedly invested illicit funds from Mt. Gox in BTC-e.
Friday, 09/06/2023 | 22:53 GMT by Solomon Oladipupo
CryptoCurrency

Russia Scraps Plan for a Crypto Exchange under MOEX

  • The country is moving toward introducing rules for crypto exchanges.
  • Cryptocurrencies will allow Russian businesses to bypass sanctions.
Tuesday, 30/05/2023 | 05:55 GMT by Arnab Shome
CryptoCurrency

Binance Quietly Lifts Restrictions on Russians

  • Russians can now make deposits at Binance using bank cards.
  • The EUR 10,000 cap on Russian accounts is also gone.
Tuesday, 25/04/2023 | 06:14 GMT by Arnab Shome
Retail FX

CySEC Takes Action on Russia-Linked Otkritie Broker

  • CySEC targets Otkritie Broker over Russian bank connections and bans one of its directors.
  • The regulatory provisions will take effect in six months.
Wednesday, 12/04/2023 | 08:06 GMT by Damian Chmiel
CryptoCurrency

Russia Indefinitely Delays Digital Ruble Pilot

  • The digital ruble pilot was scheduled to start on April 1.
  • 13 Russian banks confirmed technical readiness to participate in the program.
Wednesday, 29/03/2023 | 10:52 GMT by Arnab Shome
CryptoCurrency

Genesis Vision to Suspend Services amid Russia Exposure

  • Its legal entities are 'highly affiliated' with Russian citizens.
  • It now focused on reorganizing its legal structure and products.
Tuesday, 15/11/2022 | 09:04 GMT by Arnab Shome
Institutional FX

Russia’s MOEX’s FX Market Slides 24% to RUB 14.9 Trillion in October

  • Major trading venues have reported decreased spot forex ADVs in October.
  • MOEX's total trading volumes dropped -3.5% to RUB 71.7 trillion.
Wednesday, 02/11/2022 | 21:20 GMT by Solomon Oladipupo
CryptoCurrency

Russia-Ukraine War: EU Completely Forbids Crypto Payments from Russia

  • The crypto ban is one of several new 'hard-hitting' measures of the EU against Russia.
  • The bloc banned seven Russian banks from accessing SWIFT earlier in March.
Thursday, 06/10/2022 | 19:51 GMT by Solomon Oladipupo
Regulation

Bank of Russia Agrees to Allow Cryptocurrencies for Cross-Border Payments

  • The country might soon bring legislation to enable crypto cross-border payments.
  • Earlier, the country banned the usage of crypto for payments.
Monday, 05/09/2022 | 11:22 GMT by Arnab Shome
Institutional FX

Russia’s MOEX to Resume Early Morning FX, Evening Stock Trading in September

  • MOEX will halt the use of US dollar as collateral on August 29th.
  • The exchange's forex market relapsed in July.
Friday, 26/08/2022 | 18:36 GMT by Solomon Oladipupo
Institutional FX

MOEX Sees 18.8% YoY Dip in Fee and Commission Income during Q2

  • Compared to the previous quarter, the number was down by more than 24%.
  • EBITDA in the second quarter climbed by 17%.
Friday, 19/08/2022 | 08:57 GMT by Bilal Jafar
Retail FX

Banning Russia from the Marine Insurance Market May Amplify Demand for Gas Products

  • China may re-enter LNG markets when covid-19 lockdowns' impact diminishes.
  • The Power of Siberia is being connected to China as pipeline gas exports increase.
Monday, 01/08/2022 | 07:59 GMT by Matti Williamson
Institutional FX

Court Bans Credit Suisse from Disposing of Shares in Russian Units

  • A Moscow court issued the order.
  • The bank cannot dispose of its shares in Bank Credit Suisse and Credit Suisse Securities.
Thursday, 21/07/2022 | 21:25 GMT by Felipe Erazo
CryptoCurrency

Fintech Firm Arranges the First Digital Asset Deal in Russia

  • VTB Factoring conducted the transaction through a tokenized debt pool.
  • The bank claimed it was the first transaction of its kind backed by cash in Russia.
Wednesday, 29/06/2022 | 15:30 GMT by Felipe Erazo
Institutional FX

Russia Defaults on Foreign Debt as Sanctions Cripple Payment Channels

  • The payment is reportedly stuck at Euroclear.
  • The country last time defaulted on foreign debt in 1918.
Monday, 27/06/2022 | 06:00 GMT by Arnab Shome
FinTech

Russian Bank Tinkoff to Start Charging 1% Fee on FX Accounts

  • The bank cited the current geopolitical situation for the decision.
  • The measure is to take effect from June 23.
Thursday, 09/06/2022 | 18:54 GMT by Solomon Oladipupo
Institutional FX

Deutsche Bank Moves Half of Its Russia-Based Staff to Berlin

  • There are around 1,500 Russia-based people currently in the bank's headcount.
  • Half of them accepted to be relocated.
Tuesday, 07/06/2022 | 17:19 GMT by Felipe Erazo
Institutional FX

Russia-Ukraine War Rattles Moscow Exchange as Volumes Collapse in May

  • The equity and bond market sank -240% MoM.
  • However, the markets grew 5.2% led by the money and FX spot markets.
Friday, 03/06/2022 | 05:54 GMT by Solomon Oladipupo
Institutional FX

Moscow Exchange Reports Dip in FX Activity for April 2022

  • The total trading volume related to the FX market reached RUB 22 trillion in the last month.
  • In the derivatives market, trading volume touched RUB 4.2 trillion.
Friday, 20/05/2022 | 13:31 GMT by Bilal Jafar
Regulation

Russia Will Eventually Allow Crypto Payments, Minister Confirms

  • The government and the central bank are now in talks for crypto regulations.
  • Earlier, the central bank came up with plans to impose a blanket ban on crypto.
Thursday, 19/05/2022 | 05:44 GMT by Arnab Shome
Institutional FX

Credit Suisse Froze Assets Worth $10.6 Billion in Q1 2022

  • An estimated CHF 10.4 billion is lost to the bank because of frozen assets.
  • Less than 4% of its assets under management are Russian.
Thursday, 05/05/2022 | 21:27 GMT by Felipe Erazo
Institutional FX

HSBC’s Revenue Declines 4% in Q1 2022

  • The reported revenue came in at $12.5 billion.
  • Reported profit after tax dipped by $1.1 billion to $3.4 billion.
Tuesday, 26/04/2022 | 12:06 GMT by Bilal Jafar
Brokers

Saxo Bank Warns Russians on Upcoming Nasdaq Service Termination

  • The exchange will possibly terminate all its services in the country from April 29.
  • However, Nasdaq did not officially announce its suspension of Russian services.
Monday, 25/04/2022 | 06:14 GMT by Arnab Shome
News

US Government Sanctions Major Crypto Miner BitRiver

  • The crypto miner is based in Switzerland.
  • BitRiver is one of the largest data center service providers in the industry.
Thursday, 21/04/2022 | 17:26 GMT by Felipe Erazo
News

Binance Limits Services for Russian Nationals

  • Accounts with more than 10,000 EUR worth of assets will be put into withdrawal-only mode.
  • No deposits will be permitted on the mentioned accounts.
Thursday, 21/04/2022 | 10:03 GMT by Bilal Jafar
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