Russia
😨USA🇺🇸: money laundering and North Korea🇰🇵 sanctions violation charges dropped against Tornado Cash developer Paid Members Public
😨USA🇺🇸: money laundering and North Korea🇰🇵 sanctions violation charges dropped against Tornado Cash developer “He could have faced 45 years in prison, and now it’s zero. Statistically, Roman is among the 1% who manage to beat such charges”, said Misha Zhukovitsky. However, the defendant still faces a potential sentence
❌Europe imposes (supposedly temporary) restrictions on UnionPay cards from Rosselkhozbank🇷🇺 Paid Members Public
❌Europe imposes (supposedly temporary) restrictions on UnionPay cards from Rosselkhozbank🇷🇺 Although Rosselkhozbank was added to the European Union's sanctions list in June 2022, it is not among the 22 bankstargeted in the recently approved 18th sanctions package. Nevertheless, the measure was implemented in the context of ongoing geopolitical
👀How are payments and the card business changing? A summary Paid Members Public
👀How are payments and the card business changing? A summary Representatives from payment systems, banks, marketplaces, Big Tech, and fintech companies agree that the natural evolution is making payments cheaper. ➡️History: ✅Payment cards appeared in the mid-20th century in the US🇺🇸, when Frank McNamara and Ralph Schneider founded Diners Club.
👻Double standard detected🇷🇺: Sberbank found a way to transfer money to Europe Paid Members Public
👻Double standard detected🇷🇺: Sberbank found a way to transfer money to Europe Reporters from The Bell discovered that it’s possible to transfer money by card number, bypassing sanctions and SWIFT. ➡️ A Sber operator confirmed that it’s possible to send money abroad — through intermediaries — in amounts of up to
😱An interesting precedent: a Russian🇷🇺 court recognizes crypto operations via personal cards as business activity Paid Members Public
😱An interesting precedent: a Russian🇷🇺 court recognizes crypto operations via personal cards as business activity A regional arbitration court rejected the claim of a Rostov entrepreneur who, in 2022, conducted crypto transactions totaling 143.6 million rubles and attempted to avoid paying 5.4 million rubles in taxes. ➡️ The entrepreneur
💣Russia 🇷🇺: NSPK to reduce interbank fees for betting operators and lotteries starting tomorrow Paid Members Public
💣Russia 🇷🇺: NSPK to reduce interbank fees for betting operators and lotteries starting tomorrow This measure, although unexpected, responds to strong industry lobbying after profits dropped. ➡️ For major operators (with a turnover of at least 40 billion rubles per quarter), the rate will be reduced from 2% to 1%. ➡️ The interchange
🆘Russia🇷🇺: Putin signed a law imposing up to 6 years in prison for “drops” Paid Members Public
🆘Russia🇷🇺: Putin signed a law imposing up to 6 years in prison for “drops” The relevant amendments have been incorporated into Article 187 of the Russian Criminal Code (illegal circulation of payment instruments). ▶️ Among other provisions: anyone who is not a party to a cardholder agreement and acquires or transfers
😱Russia🇷🇺: Banks Can Now Block Frequent Card Transfers, and New Restrictions for Minors Have Been Introduced Paid Members Public
😱Russia🇷🇺: Banks Can Now Block Frequent Card Transfers, and New Restrictions for Minors Have Been Introduced Rosfinmonitoring has been granted new powers and, starting in June 2025, will be able to block financial transactions for up to 10 days without a court order if there are suspicions of money laundering