Sanctions

The European Union will ensure that Russia cannot use cryptocurrencies as a means to dodge strict economic sanctions, French Finance Minister Bruno le Maire said. His comments come amid widespread debate on the matter. Speaking at a press conference...

Russia-Ukraine conflict has led to a global economic turmoil. Economies like the United States, Canada, United Kingdom, and European Union have announced several sanctions targeting Russia and its central bank. Many economists believe Cryptocurrencies can help Russia in...

Last Thursday, following the news Ukraine invaded Russia, I wrote this piece assessing the hedge capabilities of Bitcoin amid the crisis. With gold holding up its end of the bargain well as it breached a 17 month...

Using crypto as shield to save the country’s financial system from further collapse may not be the best solution for Russia in its ongoing invasion of Ukraine. As Russia continues to pound the country with bombs and missiles, many...

The U.S. Treasury Department said that recent sanctions levelled  against Russia will include checks on digital currencies, with effect from March 1st. The White House also warned major crypto exchanges against transacting with sanctioned entities. In an executive order...

Ruble-denominated Bitcoin volumes reached a 9-month high as investors fled to safe-haven assets. Most of the trading is on cryptocurrency exchange Binance, according to details cited by CoinDesk. More and more people have looked to buy Bitcoin and other...

Russia’s currency lost a third of its value against Bitcoin on Monday, while also tumbling to the dollar after the United States blocked several banks from global financial markets. The exchange rate shot up by more than 30% to...

The number of countries supporting Russia’s removal from the SWIFT payments system grew on Saturday, as the Ukraine invasion rages on. Focus now turns to whether Moscow will adopt digital assets to bypass crippling economic sanctions. Growing calls for...

Speculation grew over whether crypto transactions could help Russia bypass restrictions placed on its financial system by the United States, after President Joe Biden on Thursday announced stricter sanctions against the country. Biden announced restrictions against Russia’s two largest...

As the Biden administration slaps economic sanctions against Russia to contain the crisis in Ukraine, Russia is using various cryptocurrency tools to maintain access to foreign capital. As Russia attacked Ukraine, cryptocurrency prices fell sharply. On Thursday morning, Bitcoin...