Ukraine finds unlikely ally in efforts to bar Russian access to crypto: the Central Bank of Russia
It appears both countries want crypto to be banned in Russia following the nation’s recent war efforts. Go to Source Powered by WPeMatico
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CEXs refuse blanket asset freeze of all Russian users, though questions linger
If Western sanctions ramp up, CEXs may be forced to ban all Russian users from using their services, as they have previous done in Iran. Go to Source Powered by WPeMatico
Russian national will use sales of her burning passport NFT to support Ukraine
NFT artist Olive Allen said by publicly burning her Russian passport, she was effectively making it dangerous to repatriate by protesting the current government. Go to Source Powered by WPeMatico
South Korean Crypto Exchanges Restrict Russians’ Access Over War in Ukraine
Major South Korean cryptocurrency exchanges have introduced restrictions for Russian users, effectively joining western sanctions over Moscow’s military invasion of Ukraine. The measures include blocking IP addresses originating from the Russian Federation. Largest Korean Exchange May Deny Withdrawals From Russia Several crypto trading platforms in South Korea, including the country’s largest, are banning access from … Read more
Crypto offers Russia no way out from Western sanctions
Crypto use is likely to grow among ordinary citizens of both nations — though it won’t help Russia’s elite dodge economic restrictions. Go to Source Powered by WPeMatico
How crypto execs react to economic sanctions against Russia?
Most companies in the United States and other Western nations are no longer allowed to conduct business or exchange money with Russian banks. Go to Source Powered by WPeMatico
Crypto’s Sanction-Slipping Power: Why Bitcoin’s Neutrality Is Its Greatest Humanitarian Asset
Decentralized networks such as Bitcoin’s don’t know national allegiance, they only know math. And when you’re trying to get your savings out of an ATM, or send a payment to relatives in a war-torn environment, someone else’s politics is the last thing you want standing in the way of you and your loved ones’ well-being … Read more
Crypto Allows Ukraine to ‘Operate Internationally,’ Official Says
Amid ongoing hostilities with advancing Russian forces, Ukraine has been increasingly relying on cryptocurrency donations to solve humanitarian problems and finance its defense efforts. Crypto helps the country to receive and quickly distribute money and operate internationally, a high-ranking government official has indicated. Ukraine Accepts, Spends Millions in Crypto, Deputy Minister Reveals Since the Russian … Read more
Russian crypto volume across major exchanges plunges by 50%
Despite an increase in economic sanctions on Russia, the amount of crypto being purchased in rubles across major exchanges continues to fall. Go to Source Powered by WPeMatico
Billionaire Bill Miller Shares Current Crypto Outlook: ‘It’s Very Bullish for Bitcoin’
Veteran investor and fund manager Bill Miller explains why he thinks that it is currently “very bullish for bitcoin.” Miller noted that Russia has almost 50% of its reserves in currencies that are controlled by people who want to do them harm. Bill Miller’s Crypto Outlook: ‘It’s Very Bullish for Bitcoin’ Famed value investor Bill … Read more
