Russia
😱 Russia 🇷🇺: Cryptocurrency Exchange Regulation Aligns with FATF Requirements Paid Members Public
😱 Russia 🇷🇺: Cryptocurrency Exchange Regulation Aligns with FATF Requirements Russia will implement a regulatory framework for cryptocurrency exchange platforms, requiring them to comply with the standards set by the FATF (Financial Action Task Force on Money Laundering). Interestingly, this move comes after the FATF downgraded Russia's rating due to
👀 Russia 🇷🇺: Central Bank Raises Key Rate to 21% Paid Members Public
👀 Russia 🇷🇺: Central Bank Raises Key Rate to 21% The Bank of Russia remains committed to reducing inflation to a target range of 4.5–5% by 2025, although projections suggest that by the end of 2024, inflation will likely stay around 8.0–8.5%. ▶️ While interest rate hikes traditionally
😠 Cross-border payments in BRICS: Is SWIFT in danger? Paid Members Public
😠 Cross-border payments in BRICS: Is SWIFT in danger? The recent proposal for a "multicurrency system" aims to reduce BRICS countries' dependence on the dollar. This shift, beyond its macroeconomic implications, is a game-changer for the international payments industry. ➡️ BRICS members are planning to adopt distributed ledger technologies
📢 “MIR” on iPhones 📱 Paid Members Public
📢 “MIR” on iPhones 📱 The card operator MIR and SBP have developed a payment method for iPhone purchases — without the need for Apple Pay. ➡️ According to NSPK, the solution, named “Ola”, will work via Bluetooth, allowing for contactless payments both online and offline. The technology offers payments within a short range
🤩Russia 🇷🇺: Crypto exchanges may be required to hand over user information to authorities Paid Members Public
🤩Russia 🇷🇺: Crypto exchanges may be required to hand over user information to authorities Rosfinmonitoring has proposed new rules requiring crypto exchanges to a) obtain licenses and b) store user data for 5 years. ▶️ This information would include both the sender and recipient of cryptocurrencies. ▶️ Until now, the only way to
🥈 Russia 🇷🇺: Sber rises to second place in the global ranking of largest acquirers, according to the Nilson Report Paid Members Public
🥈 Russia 🇷🇺: Sber rises to second place in the global ranking of largest acquirers, according to the Nilson Report In 2023, the Russian bank Sber processed 47.03 billion transactions, representing 9.1% of the global market. This achievement, despite sanctions and restrictions, has not gone unnoticed. ▶️ The ranking of “The
Russia🇷🇺: The Central Bank investigates money transfers abroad using cryptocurrencies Paid Members Public
Russia🇷🇺: The Central Bank investigates money transfers abroad using cryptocurrencies The Bank of Russia is monitoring cross-border cryptocurrency transfers made by Russian citizens from the 1st to the 3rd quarter of 2024. 📌 The goal of the study is to identify and evaluate the total volume of cryptocurrency transactions related to
📱 PayPal sanctions Russia 🇷🇺: a fee for inactive accounts is implemented Paid Members Public
📱 PayPal sanctions Russia 🇷🇺: a fee for inactive accounts is implemented On September 16, PayPal announced a "policy update" for users in the Russian Federation, which includes a new fee for inactive accounts. 🔣 The fee will be 3,500 rubles annually (or the available balance if lower) and will