Russia - Redeeem

European sanctions on Russia and Belarus to include crypto

As a result of the Ukraine conflict, the European Commission has clarified that additional sanctions will be imposed on crypto assets against Russia and Belarus.

U.S. Treasury

U.S. Treasury urges financial firms to scrutinize Russian crypto transactions

FinCEN reminded financial institutions in the U.S. that have visibility into cryptocurrencies and or CVCs to report any activity they suspect could be used by Russia as a way to evade sanctions.

PayPal

PayPal, Visa, and Mastercard suspend operations in Russia

MasterCard, Visa, and PayPal all announced Saturday they are suspending operations in Russia due to the country's ongoing invasion of Ukraine.

Ukraine

Over $50 million in crypto already donated to Ukraine during Russia's invasion

Donations have come mostly in the form of Bitcoin, Ethereum, but have included other cryptocurrencies.

SWIFT

7 Russian banks barred from SWIFT by the European Union

VTB Bank Otrkitie, Novikombank, Promsvyazbank Bank Rossiya, Sovcombank, and VEB, among other Russian banks, have each been given a 10-day deadline to wind down their SWIFT operations.

Russia

Russia to treat Bitcoin as a currency

An announcement on Tuesday indicated that the Russian government and central bank had reached an agreement on how crypto assets would be regulated.

Bitcoin

Many Russian investors prefer Bitcoin to gold

Among Russian investors, Bitcoin ranks higher than gold and forex, according to a survey conducted by the Russian Association of Currency Brokers.