Russia witnesses surge in stablecoin usage post sanctions - Details inside
Russia has witnessed a rise in the usage of stablecoins after the EU and the U.S. imposed sanctions on Russian financial institutions and individuals following the Russian invasion of Ukraine,Stablecoins constituted 42% of the volume of transactions on Russian cryptocurrency services in January, followed by a 55% share in February and 67% in March.
Besides, a lot of businesses are now increasingly adopting cryptocurrency for their financial transactions.on all crypto-related payments to and from Russia as a part of its latest set of sanctions against the superpower. that despite the EU’s ban, a list of crypto exchanges, including Binance, Kraken, FTX and Garantex, Huobi Global, Okx, Kucoin, Bybit, and Mexc Global have not introduced new restrictions on Russian users.by a local news agency that Russia’s central bank had been rethinking the approach to regulating cryptocurrency and agreed with the finance ministry to legalize crypto for cross-border payments.
Many countries such as Georgia, Kazakhstan, Turkey, and the United Arab Emirates saw a surge in visits to Russian cryptocurrency services over the past few months.published in February 2022, Chainalysis concluded that individuals and groups based out of Russia account for a disproportionate share of activity in several forms of cryptocurrency-based crime.
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UN demands Russia reverse 'illegal' annexations in UkraineThe U.N. General Assembly voted overwhelmingly Wednesday to condemn Russia\u0027s \u0022attempted illegal annexation\u0022 of four Ukrainian regions.
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UN demands Russia reverse 'illegal' annexations in UkraineThe U.N. General Assembly voted overwhelmingly Wednesday to condemn Russia's “attempted illegal annexation” of four Ukrainian regions and demand its immediate reversal, a sign of strong global opposition to the seven-month war and Moscow's attempt to grab its neighbor's territory.
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UN demands Russia reverse 'illegal' annexations in UkraineThe U.N. General Assembly voted overwhelmingly Wednesday to condemn Russia\u0027s \u0022attempted illegal annexation\u0022 of four Ukrainian regions.
اقرأ أكثر »
UN demands Russia reverse 'illegal' annexations in UkraineThe U.N. General Assembly voted overwhelmingly Wednesday to condemn Russia\u0027s \u0022attempted illegal annexation\u0022 of four Ukrainian regions.
اقرأ أكثر »
UN demands Russia reverse 'illegal' annexations in UkraineThe U.N. General Assembly voted overwhelmingly Wednesday to condemn Russia's 'attempted illegal annexation' of four Ukrainian regions and demand its immediate reversal, a sign of strong global opposition to the seven-month war and Moscow's attempt to grab its neighbor's territory.
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