EU Bans Crypto Services for Russians in New Sanctions Over Ukraine Escalation

EU Bans Crypto Services for Russians in New Sanctions Over Ukraine EscalationAn array of crypto-related services have been targeted in the latest round of sanctions on Russia approved by the EU. The measures are part of an expected tightening of the economic and financial restrictions in response to Moscow’s decision to annex Ukrainian territories. EU Council Adopts Full Ban on Crypto Wallet and Custody Services for […]

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Russian Finance Ministry Rules Out Sale of Oil for Bitcoin

Russian Finance Ministry Rules Out Sale of Oil for BitcoinThe Russian government considers bitcoin as a payment option for small business transactions, not for oil exports, the country’s finance ministry has indicated. A top official emphasized the department means that cryptocurrencies may be used in barter deals, but not as legal tender. Crypto Payments Not for Russian State Settlements, Ministry of Finance Says Cryptocurrency […]

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Russia Considers Selling Power to Kazakhstan Amid Deficit Caused by Crypto Miners

Russia Considers Selling Power to Kazakhstan Amid Deficit Caused by Crypto MinersState-owned Russian energy giant Inter RAO is now discussing electricity supplies for Kazakhstan where crypto miners have allegedly caused a spike in consumption this year. The country is expecting the power deficit to reach 600 megawatts as demand during the winter increases even further. Kazakhstan Likely to Buy Electricity From Russian Federation to Deal With […]

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More Signs the Next Big Financial Crisis May Begin in Germany

More Signs the Next Big Crisis May Begin in GermanyGermany, the locomotive of Europe’s huge economy, is entering a difficult period, various indicators suggest. And when the Federal Republic sneezes, the Old Continent usually catches cold. This time, Germany may infect the rest of the world as well. An economic and financial crisis there would be a seismic event of global proportions. The main […]

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Venezuela Found Foreign Investors for Petro Cryptocurrency Pre-Sale Starting This Month

Venezuela Found Foreign Investors for Petro Cryptocurrency Pre-Sale Starting This MonthVenezuela says it has found a number of foreign investors for the pre-sale of its “oil-backed” national cryptocurrency, the petro. Starting this month, Venezuela is expected to pay companies from Brazil, Poland, Dinamarca, Honduras, Norway, Vietnam, and other nations for food and medicine imports with the petro. Also read: Japan’s DMM Bitcoin Exchange Opens for Business […]

The post Venezuela Found Foreign Investors for Petro Cryptocurrency Pre-Sale Starting This Month appeared first on Bitcoin News.

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