Russia
😱 Russia 🇷🇺: Smerkis arrested on large-scale fraud charges Paid Members Public
😱 Russia 🇷🇺: Smerkis arrested on large-scale fraud charges Vladimir Smerkis, co-founder of the “Blum” app and former Binance director for the CIS region, was detained this weekin a preliminary case involving crowdsales of TKN and TBX tokens. These crowdsales raised tens of millions of dollars, but the tokens disappeared or their
😔 Crypto withdrawals: cross-border payment agents under scrutiny Paid Members Public
😔 Crypto withdrawals: cross-border payment agents under scrutiny Colleagues from the “Fintexno” channel point out that the current “quasi-ruble” market lacks universal arbitration mechanisms. Even when payments go through banks, legal and reputational responsibility falls on the agent. ▶️ A growing issue: Russian importers often file complaints over minor delays or try
💀 Russia 🇷🇺: Criminal liability for “droppers” who lend their bank cards Paid Members Public
💀 Russia 🇷🇺: Criminal liability for “droppers” who lend their bank cards The government has proposed amendments to Article 187 of the Criminal Code, which regulates the "illegal circulation of payment means." ➡️ Transactions without legal justification, such as transfers or money reception without a clear legal basis, would be considered
⚡️UnionPay 🇨🇳 considers reactivating international payments for Russian clients 🇷🇺 Paid Members Public
⚡️UnionPay 🇨🇳 considers reactivating international payments for Russian clients 🇷🇺 This was announced by VTB Bank president Andrey Kostin during a VTB Private Banking meeting. ➡️ UnionPay cards allow users to pay for goods, services, and withdraw cash in more than 150 countries. ➡️ In the past, around ten Russian financial institutions issued UnionPay
👀 Russian fintech under scrutiny: reflections after the Forbes.ru article Paid Members Public
👀 Russian fintech under scrutiny: reflections after the Forbes.ru article A longer response following our post. Is Russian fintech truly leading the world❓ Well... it depends on what you're looking at and how you measure it. ➡️ The most fundamental factor when evaluating any fintech ecosystem is the cultural
🤝 Russians 🇷🇺 and Chileans 🇨🇱: a promising partnership Paid Members Public
🤝 Russians 🇷🇺 and Chileans 🇨🇱: a promising partnership Chilean acquiring network Klap will begin processing Visa and Mastercard payments in Chile using technology from Russian-Swiss fintech BPC. ➡️ Who's who❓ 👉 Banking Payments Context (BPC) is a company founded in 2012 based on SmartVista software, specializing in payment processing under the SaaS
📈 Russia 🇷🇺: Bank customers increasingly complain about blocked transactions Paid Members Public
📈 Russia 🇷🇺: Bank customers increasingly complain about blocked transactions New anti-fraud requirements from the Central Bank now hold banks accountable for fraudulent transactions—and this is the result. ➡️ Under the new rules, if a bank approves a transfer that later turns out to be fraudulent and failed to take adequate precautions,
🧐 Italian authorities 🇮🇹 demand that UniCredit exit Russia 🇷🇺 Paid Members Public
🧐 Italian authorities 🇮🇹 demand that UniCredit exit Russia 🇷🇺 The Italian regulator is threatening to block the acquisition of local bank Banco BPM unless UniCredit reduces its presence in Russia. Another condition would be to limit lending activity on Russian territory. 🎀 UniCredit’s Russian subsidiary, UniCredit Bank, is a legal Russian entity.