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Category Russia news

US Sanctions Ruble Stablecoin A7A5: Potential Impact on Tether?

US Sanctions Ruble Stablecoin A7A5: Potential Impact on Tether?

The US Treasury’s Office of Foreign Assets Control (OFAC) announced new sanctions against A7A5, a Russian ruble-pegged stablecoin, and its affiliat...
Russia to Consider Ruble-Pegged Stablecoin to Challenge US Dollar Dominance

Russia to Consider Ruble-Pegged Stablecoin to Challenge US Dollar Dominance

A senior official from Russia’s Finance Ministry has called for the development of stablecoins linked to foreign currencies after wallets connected...
Bank of Russia to Launch Crypto Trading Under a Three-Year Experiment

Bank of Russia to Launch Crypto Trading Under a Three-Year Experiment

The Bank of Russia plans to introduce cryptocurrency trading within the country under an experimental legal regime (ELR).  Only a select group of i...
Binance Could Exit Russia Amid Sanctions Accusations

Binance Could Exit Russia Amid Sanctions Accusations

While battling regulatory scrutiny in the US and facing lawsuits from the US SEC, Binance runs into another potential hurdle and struggles with acc...