One persistent criticism by skeptics of cryptocurrencies has been that the criminal element of our society and terrorists profusely uses cryptos as a medium of exchange to carry out a number of their nefarious activities. The anonymity aspect of cryptos is always cited as the problem that must be solved by imposing strict KYC/AML/CFT compliance…
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Open competition among forex brokers within the Russian Federation no longer exists. In a surprise move, the Russian Central Bank (CBR) has revoked the operating licenses of five foreign-based forex brokers due to “the repeated violations of the requirements of the Russian legislation on securities within one year.” New legislation passed a few years back…
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The Russian Central Bank recently reported about a breach that occurred earlier this year. According to Forbes, hackers have attempted to steal a total of $45 million from a multitude of accounts using spoofed credentials for one of the Bank's customers. Their plans were partly foiled by the bank, which was able to reduce the…
Read moreAccording to the results of the year 2014, inflation totaled 11.4% while core inflation was 11.2%. Meanwhile, in December 2014, monthly consumer price growth was 2.6% amid considerable ruble depreciation, which now stands the Russian currency at less than 70 rubles to the dollar
Read moreAmid ongoing and extremely bureaucratic efforts by the Russian state Duma to invoke a regulatory structure for non-bank Forex businesses, the Russian central bank issues a warning that it does not oversee any FX activity in Russia
Read moreRussian Forex regultor trying to get leverage limit of 50:1 and advertising scrutiny put into law. First deputy governor of the Russian Central Bank, Serguey Shvetsov is on the newswires with an announcement that the second vote on the forex regulation bill in Russian Parliament is now imminent. The bill will introduce caps on leverage…
Read moreRussian Government to clamp down on retail forex trading with Serguey Shvetsov at the helm
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