members – DIGIT INFO

Push to Use National Currencies in SCO Cannot Be Stopped, Russia’s Lavrov Says

DIGIT — Sat, 06 May 2023 14:19:59 +0000

Efforts to transition to trade in national currencies in the Shanghai Cooperation Organization (SCO) can no longer be stopped, according to Russian Foreign Minister Sergey Lavrov. During a meeting with his colleagues in India, Moscow’s top diplomat also discussed the similar initiative within BRICS. Sergey Lavrov Convinced SCO Countries Will Switch to National Currencies, Won’t […]

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BRICS ‘Getting Applications to Join Every Day,’ Attracts 19 Requests Before Summit

DIGIT — Tue, 25 Apr 2023 14:35:00 +0000

Over two dozen nations have applied for BRICS membership ahead of its upcoming annual summit, the representative of the hosting nation revealed in an interview. The organization which unites leading emerging economies will discuss its enlargement in early June. BRICS to Talk Expansion as Number of Candidates Continues to Grow The BRICS group of nations […]

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Europeans to See More Interest Rate Hikes, Central Bank Governors Indicate

DIGIT — Fri, 14 Apr 2023 07:50:06 +0000

Further rate hikes are warranted by persisting inflation in the eurozone, according to members of its monetary authority’s decision-making body. Two central bank governors, with different opinions about how aggressive the European Central Bank should be, nevertheless agree that more increases of key interest rates are yet to come. ECB Has Some Hikes Left to […]

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Another 6 Members of Finiko Crypto Pyramid Arrested in Russia

DIGIT — Sat, 23 Apr 2022 12:30:07 +0000

Russian law enforcement authorities have detained six more members and executives of the notorious crypto Ponzi scheme Finiko. Police in the Republic of Tatarstan and Russia proper have conducted dozens of searches as part of an ongoing investigation into the pyramid, which defrauded investors around the world. New Arrests in Finiko Case Made in Russian […]

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EU Lawmakers Back Regulation Threatening Unhosted Crypto Wallets, Defi Space

DIGIT — Fri, 01 Apr 2022 14:00:18 +0000

Members of the European Parliament have approved a controversial regulation that could undermine the decentralized finance (defi) sector in the EU. Some of its provisions, which are yet to be coordinated with other European institutions, aim to introduce restrictive measures for transactions involving privately managed crypto wallets. EU Parliament Moves to Introduce Verification for Defi […]

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Crypto Ban Proposed by Bank of Russia Met With Opposition in Parliament, Government

DIGIT — Tue, 25 Jan 2022 14:49:43 +0000

The central bank’s push for a restrictive policy regarding cryptocurrencies is not gaining support among members of the Russian government, legislature, or law enforcement. A blanket crypto ban, as proposed by the bank, would make a laughingstock of Russia, lawmakers have warned. Bank of Russia’s Hardline Stance on Crypto Rejected by Other Russian Institutions The […]

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Russia’s Federation Council to Set Up Working Group on Crypto Regulations

DIGIT — Sun, 12 Dec 2021 07:30:51 +0000

The Federation Council of the Russian legislature is forming a working group expected to propose comprehensive regulations for cryptocurrencies. Officials from several ministries and government agencies, as well as members of the country’s expanding crypto industry, will join the body. Federation Council to Prepare New Regulations for Cryptocurrencies in Russia The Federation Council, the upper […]

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Finiko Founder Doronin Offers to Testify Against 44 Accomplices at Crypto Pyramid

DIGIT — Mon, 22 Nov 2021 05:30:31 +0000

Kirill Doronin, mastermind of the Russian crypto Ponzi scheme Finiko, has proposed to testify against dozens of his former associates he claims violated his order to accept only cryptocurrency from investors. The founder of Russia’s largest financial pyramid in modern times has already provided detailed testimonies against a long list of accomplices, a media report […]

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Finiko Fugitives Suspected of Moving 750 BTC From Crypto Pyramid’s Wallet

DIGIT — Sat, 13 Nov 2021 02:30:03 +0000

A large amount of cryptocurrency has reportedly been withdrawn from a wallet previously controlled by the Finiko Ponzi scheme in Russia. The wallet’s unknown operators have transferred coins worth $48 million this month. The digital currency was split into smaller amounts and deposited to different addresses. 750 BTC Removed From Crypto Pyramid Finiko Wallet A […]

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Russian Parliament to Consider Restrictions for Non-Qualified Crypto Investors

DIGIT — Fri, 08 Oct 2021 20:00:13 +0000

Cryptocurrency can be quite complicated for some and lawmakers in Russia think they need to contemplate restrictions for private investors. According to a high-ranking representative of the legislature, the Russian parliament needs to provide them with “maximum protection” against the risks. Members of Russian Parliament to Seek Protection for Citizens Investing in Cryptocurrency Deputies in […]

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