The Federation of European Securities Exchanges excludes Moscow Exchange LeapRate

March 04, 2022 BY Steffy Bogdanova

The Federation of European Securities Exchanges excludes Moscow Exchange

The association represents 35 exchanges from 30 different countries in European Union, Iceland, Norway, Switzerland and the United Kingdom. The decision to exclude MOEX follows some FESE members like Deutsche Boerse suspending trading and settlement in Russian securities in response to sanctions. European Association of CCP Clearing Houses (EACH) temporarily suspended EACH Russian Member CCP…

March 03, 2022 BY Steffy Bogdanova

EU bans seven Russian banks from SWIFT

The removal of these Russian banks from SWIFT was seen as drastic and unlikely a week ago, in the beginning of the invasion. It is one of the most powerful tools Western countries have to make Russia change course. Russia's largest lender Sberbank and Gazprombank were not included as they are the main channels for…

March 03, 2022 BY Steffy Bogdanova

EU calls for crypto regulation to prevent Russia from dodging sanctions

The discussions in EU come as officials in US and UK also raise concerns hat crypto transactions could become a way to bypass the recently imposed sanctions on Russia and undermine the efforts to isolate the county’s economy. North Korea regularly uses cyberattacks on cryptocurrency exchanges as a revenue source to fund its nuclear missile…

February 28, 2022 BY Steffy Bogdanova

Russia's central bank more than doubled its interest rate to 20%

Forex Market The Russian finance ministry and Russia’s central bank have ordered domestic exporting companies to sell 80% of their forex reserves in order to help the rouble which plunged 30% against the dollar earlier today. The western governments imposed increasingly stricter sanctions on Russia following President Putin’s decision to invade Ukraine. As part of…

December 02, 2020 BY Steffy Bogdanova

Russuan bank Sberbank plans to release its own digital currency Sbercoin

The lending giant has proposed to make to make all non-cash Rubles digital, developing its own model for the issuance and circulation of the digital Ruble. The country’s Central Bank had proposed a draft on the issuance of digital Rubles, considering it a third form of money. However, Sberbbank’s proposal differs from the Central Bank’s…

If Russia ends its ‘Love-Hate’ of cryptos, can it be the ‘King of Blockchain’?

December 27, 2019 BY Mariela Naydenova

Russia's Central Bank is testing a stablecoin under sandbox

Russia is moving forward with testing stablecoins, as The Bank of Russia has started testing these pegged to real assets set in regulatory sandbox. The head of the central bank, Elvira Nabiullina, commented that the bank does not assume that stablecoins will eventually replace money or function as payment means. What the Bank of Russia…

ATFX teams up with major payment providers for LATAM and the Middle East

November 29, 2019 BY Valentina Kirilova

Europe and Russia moving to build alternative to Visa and Mastercard

For veterans of the payment industry, it is beginning to be “Déjà vu” all over again. In the early days of Visa and Mastercard, back in the seventies, there were ongoing payment wars between the two U.S.-based card associations and banks in Europe, which preferred their home-grown services, dubbed EuroCheque and Europay at the time,…

November 20, 2019 BY Valentina Kirilova

$450 million compromise of Russian exchange linked to FSB by BBC

The current crypto trading environment is often compared to the “Wild, Wild West” conditions of the retail forex industry in the nineties. Regulatory oversight was nowhere to be seen, and fraud ran rampant, especially when dealing with overseas forex brokers. In the crypto-verse, however, unregulated exchanges have lost billions of dollars to professional hacking groups,…

September 03, 2019 BY Valentina Kirilova

Bitcoin miners igniting comeback story in Siberia’s industrial wasteland

When the old USSR collapsed decades ago, a vast number of manufacturing plants in Siberia that had supported the Cold War military industrial complex were forced to shut down. The infrastructure, however, is still in place, waiting for some kind of plan for re-birth, but more importantly, the old hydroelectric power plants that had delivered…

July 19, 2019 BY Valentina Kirilova

Iran announces gold-backed crypto coin – Is a global crypto war imminent?

Although recent press reports may contend otherwise, not all central banks are opposed to the notion of cryptocurrencies. The World Economic Forum released a report back in April that revealed that there are several ongoing central bank led projects that involve blockchain technology in support of what is called a Central Bank Digital Currency (CBDC).…

Tag: russia

The Federation of European Securities Exchanges excludes Moscow Exchange

EU bans seven Russian banks from SWIFT

EU calls for crypto regulation to prevent Russia from dodging sanctions

Russia's central bank more than doubled its interest rate to 20%

Russuan bank Sberbank plans to release its own digital currency Sbercoin

Russia's Central Bank is testing a stablecoin under sandbox

Europe and Russia moving to build alternative to Visa and Mastercard

$450 million compromise of Russian exchange linked to FSB by BBC

Bitcoin miners igniting comeback story in Siberia’s industrial wasteland

Iran announces gold-backed crypto coin – Is a global crypto war imminent?

iM Global Partner Announces Launch of iMGP Euro Select Fund

Broadridge Expands ClearFi Platform Through Collaboration with CCRI

HKEX Launches Data Marketplace

Deutsche Börse Says 360T Data Feed Now Available on Bloomberg’s B-PIPE and Terminal

Ashima Ghei Appointed Broadridge CFO