Banking

A UK Banking Giant Turns to the Cryptocurrency Industry Amidst Bearish Market
Jul 25, 2022 at 12:50
News
A UK Banking Giant Turns to the Cryptocurrency Industry Amidst Bearish Market
While the overall cryptocurrency market appears to be unwaveringly bearish, some investors think the downtrend is a good time to get into the industry. UK financial giant Barclays is looking to invest in a cryptocurrency project.
Bank Of Uganda Warned Traders Against Cryptoasset Business
May 10, 2022 at 13:00
News
Bank Of Uganda Warned Traders Against Cryptoasset Business
The Central Bank of Uganda (BoU) has warned citizens against using Bitcoin and other forms of cryptocurrencies for business.
The Bank of Russia Continues to Test Digital Ruble Payments. Could It Help Circumvent Western Sanctions?
Apr 26, 2022 at 12:38
News
The Bank of Russia Continues to Test Digital Ruble Payments. Could It Help Circumvent Western Sanctions?
The Bank of Russia is continuing to test the Digital Ruble payment system and plans to involve more banks into the program in 2023.
Russia Seeks a way to Legalize Cryptocurrency Mining as Soon as Possible
Mar 28, 2022 at 10:40
News
Russia Seeks a way to Legalize Cryptocurrency Mining as Soon as Possible
The issue of legalizing the mining of cryptocurrencies in Russia is not new. However, now the country's Energy Ministry is emphasizing the need to create a proper framework so that the economy can benefit from it.
Is it Possible to Use Cryptocurrency to Sanction Any Country
Mar 14, 2022 at 09:21
News
Is it Possible to Use Cryptocurrency to Sanction Any Country
Whenever a country is sanctioned, its traditional banking institutions are the number one target. This is the same thing that happened recently with Russia when the EU, NATO, the US and many other democratic countries decided to impose tough economic sanctions for invading Ukraine. Now Washington is considering cryptocurrencies as a possible tool for sanctions against Russia.
How Cryptocurrency Save People's Life in Crisis and War
Mar 03, 2022 at 11:00
News
How Cryptocurrency Save People's Life in Crisis and War
The currently prevailing political war between Russia and Ukraine required faster preparation of the respective citizens for emergencies. People have withdrawn their money from ATMs and are therefore cashless. At the same time, they cannot join the queues at the banks to collect their money from the counters, so they are in a state of helplessness.
Demand for Cryptocurrency Mining Equipment in Russia Grows 1.5 Times Amidst Regulatory Pressure
Feb 05, 2022 at 12:12
News
Demand for Cryptocurrency Mining Equipment in Russia Grows 1.5 Times Amidst Regulatory Pressure
Although the Russian government has a rather ambivalent attitude towards the cryptocurrency industry in general, citizens seem to be attracted by the benefits it offers. As a result, demand for mining equipment continues to skyrocket.
Vladimir Putin Puts an End to Speculations about the Cryptocurrency Ban
Jan 27, 2022 at 13:14
News
Vladimir Putin Puts an End to Speculations about the Cryptocurrency Ban
During a video conference with the government  held on January 26, Russian President Vladimir Putin instructed the government and the Bank of Russia to seek consensus on the cryptocurrency industry.
Cryptocurrencies Steal Money from the Economy; Bank of Russia Defends its Negative Stance on the Industry
Jan 26, 2022 at 14:28
News
Cryptocurrencies Steal Money from the Economy; Bank of Russia Defends its Negative Stance on the Industry
On January 20, the Bank of Russia published a report proposing to ban the cryptocurrency industry in the country. After being heavily criticized, the institution defended its position in a statement.
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