CRimea and CRyptocurrency. From Ukraine to… Bitcoin.
It’s safe to say that resident Obama’s press secretary will not openly admit where the White House stands on the issue of Bitcoin use in the newly acquired Russian sovereign territory, Crimea. Not a word from the “official” fiat issuers either. My guess is it might be because the Kremlin, too, shares the same attitude to the currency of the future. If anything could add fuel to the fire; it would be an open discussion on the most important, and least discussed, change underway in Crimea – the fiat currency change. And this change is perfectly emblematic of a point Bitcoin proponents have....
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Ukraine is currently undergoing turbulence and instability due to the Russian invasion. The disagreement between the two countries could be traced back to 2014 in the Revolution of Dignity. This is primarily after Russia annexes Crimea from Ukraine. Furthermore, Russia has fronted another invasion of Ukraine on 24 February 2022. The war between Ukraine and […]
The United States recently prohibited U. S. -registered companies from investing in Crimea or providing services to firms operating there. This prohibition went along with sanctions imposed as a result of Russia's annexation of the peninsula from Ukraine. The consequences for the people of Crimea and parts of Ukraine are now being exacerbated by Visa and Mastercard's suspension of regional bank card services. Also read: EuroPay, Mastercard, and Visa (EMV) Credit Cards Force Needed Security Upgrade with "Liability Shift". VISA and Mastercard Leave Crimea. Visa, in a recent statement, has....
Ukraine has been at the forefront of international news following a revolution, continued lack of political stability, and fears of a possible invasion by Russia after the annexation of Crimea. But it’s not all gloom and doom, and other important developments, such as gradually spreading awareness of Bitcoin, are also happening in Ukraine. Keeping that in mind, CoinTelegraph recently spoke to Michael Chobanian, the man behind the Kuna Bitcoin Agency, the first such agency in Ukraine, about how current unrest may ultimately be a catalyst for positive change. CoinTelegraph: This is a tired....
Germany’s Deutsche Bank has become the latest financial services giant to confirm it’s leaving Russia over Moscow’s military assault on Ukraine. The bank has been reducing its Russian exposure since 2014 when Russia annexed Crimea and the conflict in Eastern Ukraine erupted. Amid Ongoing War in Ukraine, Deutsche Bank Pulls Out of Russia Deutsche Bank, Germany’s largest banking institution, is scaling down operations in the Russian Federation. The bank announced its move in a statement posted on Twitter late on Friday, condemning Russia’s invasion of....
Russian Internet ombudsman Dmitry Marinichev suggested allowing the use of cryptocurrencies to residents of Crimea. In his opinion, legal entities and individuals registered in Crimea should be allowed to use cryptocurrency wallets and make transactions with digital currencies. Elaborating on his proposal, Marinichev suggested the opening of cryptocurrency exchanges, as he believes it will help attracting new investments to the region. He referred to the example of Hong Kong that has managed to create one of the biggest Bitcoin exchanges. An important precondition for this initiative is....