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

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…

February 28, 2022 BY Steffy Bogdanova

Central Bank of Russia suspends execution on foreign bids for Russian securities

MOEX said: On the FX Market, during the trading session, the boundaries of the price corridor will not automatically change. At the opening of trading, the National Clearing Center (NCC) set the following limits of the price corridor. For the USDRUB_TOM currency pair: the lower limit is 76.145, the upper limit is 90.00. For the…

Venezuela in financial and political turmoil, but approves crypto legislation

July 26, 2019 BY Mariela Naydenova

Venezuela accused of using crypto to bypass US sanctions

The story of Venezuela and its affinity towards cryptocurrencies to save the economy is a very dynamic and interesting one. The President of Venezuela, Mr. Nicolas Maduro has embraced digital currencies as a way to fight back the plunging bolivar and the restrictive US sanctions imposed on the country. What has killed the economy, however,…

May 12, 2015 BY Andrew Saks-McLeod

American federal regulator FINRA strengthens sanctions against fraudsters

The revised Sanction Guidelines now advise FINRA adjudicators to strongly consider barring an individual respondent, or expelling a firm, for cases involving fraud

December 08, 2014 BY Andrew Saks-McLeod

Bitcoin-related stock exchange sanctioned by SEC for conducting unregistered business

According to an order issued by the SEC, Ethan Burnside and BTC Trading Corp. actively solicited the public to open accounts by advertising the websites for both of his stock exchanges on the Bitcoin Forum and other websites dedicated to virtual currency.

November 12, 2014 BY Andrew Saks-McLeod

FINMA takes multi-faceted action against UBS for FX rate manipulation

Swiss authorities have concluded that UBS acted improperly with regard to FX rate manipulation, ordering disgorgement of profits gained from fixing FX rates, as well as ordering UBS to automate its FX trading, removing the possibilities of human intervention and unlawful conduct

Tag: sanctions