Western Union Suspends Operations in Russia, Belarus Over Ukraine War
Remittance giant Western Union has joined other financial services companies supporting sanctions in response to Russia’s invasion of Ukraine. The decision will affect customers in the Russian Federation as well as those in Belarus, an ally of Moscow, backing its military operation. Western Union Condemns Invasion of Ukraine, Halts Services in Russia and Belarus Money transfer specialist Western Union has condemned Russia’s military assault on neighboring Ukraine, expressing “shock, disbelief, and sadness around this tragedy and humanitarian disaster.” The....
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The European Union announced late Wednesday that crypto assets fell within the category of “transferable securities,” and hence are clearly included in the scope of sanctions imposed on Russia for its invasion of Ukraine and Belarus for its participation. According to the EU, certain corporate entities and individuals from the two allied countries are prohibited […]
Currency.com, a cryptocurrency platform based in Belarus, announced Wednesday that it will block its services to Russian users in response to Vladimir Putin’s war on Ukraine. Currency.com disclosed that Russian individuals would be unable to access its services as a result of the platform’s decision to prohibit new accounts from being opened in Russia. Ukraine’s […]
Authorities in Belarus have no intentions to adopt stricter rules for the country’s crypto space. That’s despite neighboring Russia, a close partner in many areas, considering a blanket ban on а number of activities related to cryptocurrencies as suggested by the central bank in Moscow. Belarus to Keep Favorable Crypto Regulations Officials in Belarus do not plan to tighten the country’s regulatory framework for the crypto sector, a statement has indicated. This comes as Russia, which is a close economic ally, is mulling over a proposal to impose harsh....
“In these circumstances we can no longer continue to serve our clients from Russia,” said Vitalii Kedyk, CEO of Currency.com’s Ukraine arm. Crypto trading company Currency.com has announced it halted operations for clients based in Russia following the country’s “violence and disorder” imposed on the people of Ukraine.In a Tuesday announcement, Currency.com said Russian residents would no longer be able to access its services following the platform’s decision to stop Russia-based clients from opening new accounts. According to Currency.com’s website, the Gibraltar-based crypto trading....
The European Union is extending the scope of sanctions introduced in response to Russia’s invasion of Ukraine, with the latest agreement between member states specifically mentioning crypto assets. Russian oligarchs, senators and Belarusian banks have been targeted. Europe’s Sanctions Classify Crypto Assets as Securities to Close Loopholes for Russia On Wednesday, the European Commission welcomed a new agreement between the 27 members of the European Union to amend the bloc’s regulations imposing sanctions on Russia — for its military assault on Ukraine —....