Tag: Ukraine

Digital Ruble ‘Much Needed,’ Russia’s Central Bank Says, Won’t Delay Testing

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The Central Bank of Russia has emphasized the importance of moving forward with its digital ruble project. According to a statement by a top representative, the monetary authority has no intention to delay the trials despite not all invited banks being ready to participate yet. Bank of Russia to Experiment With Digital Ruble Payments This Year The digital ruble is “very much needed,” First Deputy Chairman of Bank of Russia Olga Skorobogatova has recently remarked in a statement quoted by business news portal RBC’s crypto page. The regulator will…

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Sanctions Motivate Russia to Create Own Crypto Market Infrastructure, Finance Ministry Says

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With sanctions cutting off Russia from global finances, Moscow’s motivation to establish a domestic market infrastructure for digital assets grows, a top official at the Russian finance ministry has noted. The comment comes as Russians are losing access to foreign crypto platforms. Russia Recognizes Need for Local Crypto Assets Market Amid expanding international sanctions over the invasion of Ukraine, Russia has been turning its attention to cryptocurrencies while concerns in the West are growing that the country may use them to circumvent financial restrictions. The penalties have also affected the…

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Japan Considers Stricter Crypto Regulations in Light of Russia Sanctions

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Authorities in Japan are planning to introduce tougher new rules for crypto operators as part of efforts to prevent Russia from using cryptocurrencies to evade sanctions. The legislative initiative comes after Tokyo asked digital asset exchanges to strengthen transactions monitoring this month. Government of Japan to Close Loopholes for Russians in Crypto Space Amid concerns that Russia and its elites may employ cryptocurrencies to circumvent international sanctions, Japanese authorities are going to stiffen regulations for cryptocurrency exchanges. The platforms will be required to verify if recipients of transactions are subject…

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Is the Ukraine war intensifying regulatory pressure on crypto firms?

[ad_1] Whose side are you on? The Ukraine-Russia war is forcing people to answer that question. For some in the crypto community, this can be uncomfortable because if an individual or project stands with the West against Russia, it also means it abides by sanctions. This can be tough to square with crypto/blockchain’s supposed decentralized system and its claims on being borderless, censorship-free and distributed.  Take OpenSea, the NFT marketplace, which really isn’t a decentralized project but is often described as such. “OpenSea is a decentralized peer-to-peer marketplace for buying,…

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Bitcoin Core Dev Providing Aid In Ukraine

[ad_1] Demonstrating its unique utility on the biggest world stage of the moment, Bitcoin has helped Ukrainian armed forces and nongovernmental organizations raise money from overseas supporters to fight back against Russian invasion that began in late February amid rising tensions between the two countries as Ukraine sought to forge closer ties with the European Union and NATO. But military help isn’t all that Bitcoin has facilitated for the Ukrainian people. The peer-to-peer (P2P) currency is also enabling a prolific Bitcoin developer to receive international, pseudonymous donations to meet local…

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Bitcoin at the barricades: Ottawa, Ukraine and beyond

[ad_1] Protesting anti-vax truckers blockading downtown Ottawa, Canada had their fund-raising platform shut down because their host fears the “promotion of violence.” The protesters move to a Bitcoin crowdsourcing funding service. It quickly raised $900,000. Russian troops gather on Ukraine’s borders. Ukrainian NGOs and volunteer groups embrace cryptocurrencies to help defend their country in the event of a coming war, according to a Feb. 8 investigation by Elliptic, a blockchain analytics firm.  Recent reports like these raise the question: Are Bitcoin and other cryptos becoming the preferred fundraising platform for…

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Ukraine cancels token airdrop, reveals new NFT plans

[ad_1] The vice prime minister of Ukraine informed the public on Wednesday that they have decided to cancel the airdrop for crypto donors that was announced on Tuesday and plans to raise more money through the sale of nonfungible tokens (NFTs) instead. After careful consideration we decided to cancel airdrop. Every day there are more and more people willing to help Ukraine to fight back the agression. Instead, we will announce NFTs to support Ukrainian Armed Forces soon. We DO NOT HAVE any plans to issue any fungible tokens —…

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Ukraine, Russia Conflict Showcases Bitcoin

[ad_1] “There’s a problem with bank accounts, something happened… the transactions are being stopped, for whatever reason.” –Ukrainian activist Walter Lekh, in a Twitter Spaces conversation discussing avenues of donation in support of Ukraine. Developments in Eastern Europe have taken center stage for much of the world in the past few days. Aggressive and consistent flows of reporting from the ground in Ukraine as the country sees Russian troops invade are dominating social feeds and headlines. Coming out of these updates of conflict and bloodshed have been reports of non-governmental…

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Ukraine Now Takes Polkadot, Says It Will Accept Other Coins Soon – Bitcoin News

[ad_1] Having already raised millions of dollars in major cryptocurrencies like bitcoin, Ukraine is now receiving donations in polkadot as well. The country intends to expand the list of accepted coins as it increasingly relies on help from the crypto community to fund its defense against Russia. Ukraine Posts DOT Address, Receives First Polkadot Donations In the face of an ongoing military assault by the Russian army, Ukrainians have offered crypto users around the world another option to support their cause. Early on Tuesday, the Ukraine Twitter account published a…

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Ukraine accepts Bitcoin, Ethereum, USDT donations to fund ongoing war

[ad_1] Within the first week of the Russia-Ukraine war, the Ukrainian government has reached out to the crypto community on Twitter for raising funds to support its civilians and troops. Ukraine has now started accepting Bitcoin (BTC), Ethereum (ETH) and Tether (USDT) as donations. As Russia threatens to take over Ukraine’s capital city of Kyiv, the government of Ukraine sought help from numerous international organizations to overpower the imminent threat. However, considering time is of the essence, the official Twitter account of Ukraine extended its call for help to Crypto…

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