Russian Traffic to Global Crypto Exchanges Surges; Central Bank Warns of Western Sanctions Risk
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The surge in Russian traffic to global cryptocurrency exchange platforms in the last two quarters has prompted officials to issue a warning about the risk of Western sanctions. According to a central bank study, Russian traffic to some of the largest crypto exchanges increased by 16.4%, reaching 104.6 million visits. Russian Share of Global Traffic […]
In a significant move to combat sanctions evasion and illicit financial activities, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on Ekaterina Zhdanova, a Russian national allegedly involved in laundering and transferring funds using crypto on behalf of Russian elites. According to the…
Russia has officially unveiled a sweeping legal framework to integrate crypto into its foreign trade system, a move widely seen as a direct response to mounting Western sanctions. The Ministry of Finance and the Central Bank have agreed to legalize crypto settlements for international trade, allowing Russian exporters and importers…