EU regulators ban cross-border payments from Russian crypto accounts
In a statement on Thursday, regulators in the European Union banned all crypto-asset wallets, accounts and custody services from Russia. In a statement released on Oct. 6, the European Union introduced another set of sanctions against Russia due to the prolonged and recently escalated conflict in Ukraine.The new sanctions include a complete ban on cross-border crypto payments between Russians and the EU. This statement includes the prohibition of, “all crypto-asset wallets, accounts, or custody services, irrespective of the amount of the wallet."New sanctions were installed as a response....
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Financial Market Committee Chair Suggests Adopting Legislation for Russia’s Crypto Payments
Anatoly Aksakov, head of the Financial Market Committee at the State Duma, considers it necessary to provide cross-border....
Historically opposed to the idea of using crypto as a payment method, the Bank of Russia has reportedly agreed to allow cross-border payments in crypto due to geopolitical changes. The Bank of Russia, the country’s central bank, has reportedly admitted that cross-border payments in crypto are inevitable in the current geopolitical conditions.The Russian central bank has been rethinking the approach to regulating crypto and agreed with the finance ministry to legalize crypto for cross-border payments, the local news agency TASS reported on Monday.Deputy finance minister Alexei Moiseev....
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