OKX and Bybit Remove 2 Russian Banks from Payments List, Here’s Why
The spotlight recently came on sanctioned Russian banks after they were spotted as payment options on some top crypto exchanges.
The spotlight recently came on sanctioned Russian banks after they were spotted as payment options on some top crypto exchanges.
The Bank of Russia has promised there will be no obligatory transfer of salaries and pensions to digital rubles when they are finally in use. Similar to cash and non-cash rubles, the digital ruble will also have no expiry date.
A potential swap deal for Vinnik is increasingly looking to have a high probability.
Facing restricted access to US dollars and euros, Russia looks to use stablecoins for “cross-border settlements” with friendly nations.
Russia is not having it easy economically with the Western sanctions as it is set to default on a key Eurobond debt payment that was expected to have expired back on May 27.
Venezuela and Russia are discussing an option to use the Ruble and the Petro in their mutual trade settlements.