Crypto offers Russia no way out from Western sanctions
Crypto use is likely to grow among ordinary citizens of both nations — though it won’t help Russia’s elite dodge economic restrictions. Go to Source Powered by WPeMatico
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Crypto use is likely to grow among ordinary citizens of both nations — though it won’t help Russia’s elite dodge economic restrictions. Go to Source Powered by WPeMatico
Infura, the service provider of Metamask, one of the most used smart contracts-based wallets, blocked the access of Venezuelans to the Ethereum blockchain. Reports about this happening circulated on social media, attributing it to the existence of sanctions that the infrastructure provider might have applied to Venezuela. However, Infura later stated this was the result … Read more
Decentralized networks such as Bitcoin’s don’t know national allegiance, they only know math. And when you’re trying to get your savings out of an ATM, or send a payment to relatives in a war-torn environment, someone else’s politics is the last thing you want standing in the way of you and your loved ones’ well-being … Read more
Despite an increase in economic sanctions on Russia, the amount of crypto being purchased in rubles across major exchanges continues to fall. Go to Source Powered by WPeMatico
The world’s largest NFT marketplace has confirmed that it blocks users based on the U.S. sanctions list. Go to Source Powered by WPeMatico
Blockchain gaming firm Animoca Brands has revealed the company is breaking ties with Russian users following the Ukraine invasion that started seven days ago. Animoca Brands co-founder Yat Siu noted in an interview that the company received legal advice about the situation and the Animoca executive compared the newly sanctioned Russia to North Korea. Animoca … Read more
Crypto could be one of few ways for Russians to help Ukrainians as any identified assistance to Ukraine is considered as high treason by the Russian state. Go to Source Powered by WPeMatico
Blockchain analytics will help ensure that NY-licensed companies don’t send money to sanctioned Russians. Go to Source Powered by WPeMatico
BTC’s market cap is much smaller than gold, but Bitcoin’s daily volume and the amount held under management by funds suggests that the cryptocurrency is trading at a heavy discount. Go to Source Powered by WPeMatico
“When it comes to economic and financial sanctions, we want to remain flexible and mobilized,“ said France’s finance minister, Bruno Le Maire. Go to Source Powered by WPeMatico