Russia
😱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
☠️Russia🇷🇺: The State Duma approves in the third and final reading the law on criminal liability for "drops" Paid Members Public
☠️Russia🇷🇺: The State Duma approves in the third and final reading the law on criminal liability for "drops" The regulation is already in force. The law amends Article 187 of the Russian Federation’s Criminal Code (illegal circulation of payment means), establishing that this offense can be punished
⚠️Russia🇷🇺: Banks request a one-year postponement for the implementation of mandatory transaction confirmation by a customer’s proxy Paid Members Public
⚠️Russia🇷🇺: Banks request a one-year postponement for the implementation of mandatory transaction confirmation by a customer’s proxy The requirement was introduced to combat fraudulent transactions targeting individuals with reduced mobility. However, banks have been unable to implement the protocol—known as the “second hand service”—within the established timeframe.
📣Russia🇷🇺: In the first quarter, citizens doubled the frequency of payments using biometrics and QR codes Paid Members Public
📣Russia🇷🇺: In the first quarter, citizens doubled the frequency of payments using biometrics and QR codes In total, 800 million of these operations were carried out in the country, amounting to 1.1 trillion rubles. ➡️ At the same time, the overall number of cashless transactions—including QR codes, biometrics, e-wallets,
🎉Kazakhstan🇰🇿: Two more banks resume card issuance for non-residents Paid Members Public
🎉Kazakhstan🇰🇿: Two more banks resume card issuance for non-residents Nurbank and Home Credit Bank have resumed issuing cards to non-resident clients, responding to continued demand from citizens of Russia🇷🇺. ➡️Background: Earlier this year, several Kazakh financial institutions announced a suspension of this service for foreigners. Later, Halyk Bank, Kaspi Bank,