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European sanctions against Russia are impacting small European exporters, particularly in Italy, more severely than Russia itself, according to Ferdinando Pelazzo, president of the Italian-Russian Chamber of Commerce. Small and medium-sized enterprises (SMEs) are struggling with disrupted payment systems and logistical challenges due to the sanctions. Italian businesses heavily reliant on Russian markets now face … Read more
On Friday, Samsung stores in the Baltic States have announced they will be accepting seven different cryptocurrencies for merchandise. Through a partnership with the payment processing firm Coppay, customers shopping at the Samsung stores in Tallinn, Riga, Vilnius, and Kaunas will be able to pay with BTC, ETH, DASH, NEM, STEEM, XRP, and LTC. Also … Read more
Ibinex, a company that specializes in white-label solutions for cryptocurrency exchanges, has obtained a license to operate in Estonia. Besides exchange services, it also plans to offer both hot and cold wallets within the regulatory framework of the tech-savvy, crypto-friendly Baltic nation. Also read: Estonia Grants Licenses for Wallet and Exchange Services to Coinmetro EU … Read more
Cryptocurrencies are gaining popularity in the Baltic states where no comprehensive regulations have been introduced yet. Businesses from multiple sectors, including real estate, online trade, the hospitality industry, and even healthcare, are taking advantage of crypto payments. Some companies from the region are already offering their services globally. Also read: Blind Denial of Cryptocurrencies … Read more
Plans to build a new manufacturing facility for mining equipment have been announced in Belarus. It will be situated in the Chinese-Belarusian Industrial Park, currently under construction in the “Velikiy Kamen” special economic zone. The plant will be assembling mining rigs with cooling systems utilizing excess heat. Also read: Two Russian Regions to Develop Large … Read more
