Bitcoin News / Bitcoin.com - 1 year ago
Russian President Vladimir Putin has stated that the U.S. dollar-based global financial system is gradually collapsing. “After all, a currency is a derivative of the power of the economy of the country that issues this currency,” Putin no...
Bitcoin News / Bitcoin Magazine - 1 year ago
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by COINS NEWS - 1 year ago
P2P activities decline as traders explore Binance alternatives, with a notable decrease in figures from 10% to 30%. As Binance exits the Russian cryptocurrency market, Russian clients are transitioning their trading activities to different plat...
Bitcoin News / Bitcoin.com - 1 year ago
Andrei Kostin, head of the VTB Bank, one of the biggest banks in Russia, has stated that the Society for Worldwide Interbank Financial Telecommunication (SWIFT), the standard messaging system for fiat payments, “needs to be killed.” Kosti...
Bitcoin News / Bitcoin.com - 1 year ago
The Bank of Russia offered an update about the state of the digital ruble, the Russian central bank digital currency (CBDC), which is currently in a nationwide pilot. Elvira Nabiullina, governor of the Bank of Russia, stated that the pilot was “...
Cryptocoins News / The Cointelegraph - 1 year ago
Binance’s buyer in Russia, CommEx, has been developing its platform for six months and has onboarded some ex-Binance employees, the firm said. Amid growing skepticism...
Bitcoin News / Bitcoin.com - 1 year ago
Crypto exchange Binance is closing down all exchange services and business lines in Russia. The company has entered into a sales agreement with Commex. A Binance executive explained that operating in Russia is not compatible with the company’s...
Bitcoin News / Bitcoinist - 1 year ago
Binance, the world’s largest crypto exchange, recently made headlines with its decision to exit the Russian market. But the aftershocks of this have led to further revelations, particularly concerning the involvement of the platform’s for...
Bitcoin News / Bitcoin.com - 1 year ago
In a recent interview, the European Bank for Reconstruction and Development’s (EBRD) chief economist, Beata Javorcik, highlighted a notable trend: Russia’s growing inclination to transact in the Chinese yuan. This shift, the economist emp...
Bitcoin News / Bitcoinist - 1 year ago
Binance, the world’s largest cryptocurrency exchange, has announced its full exit from Russia with a sale to a newly launched exchange. This move comes as a response to the firm’s compliance issues related to Western sanctions imposed on Russia...
Cryptocoins News / The Cointelegraph - 1 year ago
The sale has sparked chatter among local crypto enthusiasts, who say the two sites appear so similar that CommEx could be a “Russian version” of Binance.US. Cryptocurr...
Cryptocoins News / Finance Magnates - 1 year ago
Binance
has confirmed its complete withdrawal from the Russian market. The exchange has
executed an agreement to transfer its entire business operations in Russia to
the cryptocurrency exchange platform known as CommEX. This decision marks a
strategi...
Cryptocoins News / CoinJournal - 1 year ago
Binance fully exits Russia with sale of business to CommEX.
Transition will last a year, the exchange said in an announcement on Wednesday, September 27.
Binance has announced its exit from Russia, with its business sold to newly formed cryptocurre...
Cryptocoins News / The Cointelegraph - 1 year ago
The financial details of the deal remain undisclosed. However, as a full exit from Russia, Binance will have no ongoing revenue split, nor any option to buy back shares, the companies sai...
Cryptocoins News / Blockchain - 1 year ago
Binance has announced the sale of its entire Russia business to CommEX, citing compliance issues as the primary reason for the exit. The transition process for existing Russian users is expected to take up to one year, with no financial strings attac...
Bitcoin News / Bitcoin.com - 1 year ago
Aleksey Bilyuchenko, co-founder of Wex, the successor of the infamous Russian crypto exchange BTC-e, will spend only a couple of years in prison. The Russian, who is charged in the U.S. with money laundering, has been sentenced in his homeland as the...