Kiev’s Economic Blockade Boosts Bitcoin Usage in Separatist East
With no banks or international payment systems currently servicing the 3.8 million residents living in secessionist territories of eastern Ukraine, Bitcoin transfers remain one of the few options. In November 2014, the President of Ukraine, Petro Poroshenko, ordered the National Bank of Ukraine to make banks stop all money transactions in territories not under direct governmental control. This was part of his strategy to isolate the secessionist territories both financially and economically as all trade operations were also prohibited. The Security Service of Ukraine has been taking....
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The Ukrainian conflict has been going on for quite some time now. This conflict has been opening the doors for the Cold War phantom to come out once again and setting apart two powerful blocks aside while turning the international Politic landscape into a trigger bomb that may come to explode at any time. Now, Ukraine says bitcoin is being used to finance the separatist group. The Ukraine Chairman of the Security Service (Security Service of Ukraine - SBU) Valentyn Nalyvaychenko, stated that the Security Service was working hard in order to try and block separatists Bitcoin accounts and....
The law enforcement and counter-intelligence agency of Ukraine has managed to seize the funds in a cryptocurrency wallet used to finance the Russian military campaign in the country. Officials in Kyiv claim that money collected through the wallet has been spent on military equipment for the pro-Russian separatist forces in the east.
Ukraine Seizes Crypto Donations Funding Russia’s Invasion
The Security Service of Ukraine (SBU) has for the first time implemented a mechanism to curb fundraising through cryptocurrency for the troops fighting on the Russian side in the....
Vast deserts riddled with oil wells and camels are the first things that comes to our mind when we hear about the Middle East. Middle East in general refers to the MENA region (Middle East and North Africa). MENA is a confluence of nations spread across two different continents, consisting of people from various economic strata. On one side we see the flashy cities and riches belonging to the sheikhs and rich foreign expats while on the other side there are the migrant blue collar working class and people living well below the poverty line with limited resources, both economic and natural....
Malta-based cryptocurrency exchange, Binance, has reportedly extended its blockade of Zimbabwean users to include non-resident citizens. As a result of the new measures, all Zimbabwean nationals are now precluded from using the Binance trading platform. Zimbabwean Nationals Blocked Prior to the introduction of this new measure, Binance apparently allowed Zimbabwean nationals with non-Zimbabwean residential addresses to access its trading platform, while those residing in-country were blocked. Still, some Zimbabwe-based crypto users were able to circumvent this blockade by installing....
From institutional crypto usage in the United Arab Emirates to remittance payments in the Egyptian market, the last year revealed major growth for crypto in the MENA region. Emerging markets continue to forge their way into the crypto scene finding a plethora of use cases, especially in the combined Middle East and North Africa (MENA) region. A new report from Chainalysis reveals that the crypto market in the MENA region is the fastest growing in the world. Transaction volume in the MENA region reveals users received $566 billion in crypto in the time frame of July 2021 to June 2022. This....