U.S. Treasury Secretary Janet Yellen has addressed concerns about Russia using cryptocurrency to evade sanctions. During her testimony before the House Financial Services Committee, Yellen
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Bank of Russia Discusses Conditions of Upcoming Stablecoin Regulation
The Bank of Russia has highlighted the conditions it will need to consider when regulating the use of stablecoins for Russian individuals and companies. The
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Lithuania Fines Crypto Firm $10M for Russian Sanctions Violations
The Lithuanian Financial Crime Investigation Service (FNTT) has fined the crypto firm Payeer nearly 9.3 million euros ($10 million) for international sanctions violations and anti-money
Read moreCrypto remittances in Venezuela surge as economic situation worsens
Sanctions from the United States, spiraling inflation and government corruption have created an economic nightmare for Venezuelans.
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Russian Central Bank Suggests Using Crypto to Counter Western Sanctions
Russia’s central bank has urged businesses to consider various payment solutions, including cryptocurrencies and digital assets, to manage transactions with foreign partners and counter Western
Read moreIran to launch public CBDC pilot in June
Unlike other types of electronic money in Iran, the digital rial doesn’t require interbank settlement to transfer funds between buyers and sellers.
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