Sanctions

Russian Oil Company Turns to Cryptocurrency Mining Amidst Crippling Western Sanctions
Jun 21, 2022 at 09:19
News
Russian Oil Company Turns to Cryptocurrency Mining Amidst Crippling Western Sanctions
Russian oil company Gazpromneft announced that it will use its massive oil resources to mine cryptocurrencies. This comes after US sanctions on Russian oil have led to a significant drop in profits for many oil companies. Gazpromneft, a subsidiary of Russian oil giant Gazprom, hopes to use cryptocurrency mining to boost its profits.
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.
Sanctions Force Russia into Accepting Cryptocurrencies as Payment for Oil and Gas
Mar 31, 2022 at 13:15
News
Sanctions Force Russia into Accepting Cryptocurrencies as Payment for Oil and Gas
The numerous sanctions imposed on Russia as a result of the invasion of Ukraine have caused further trade losses for the country.
Cryptocurrency Will Not Save the Russian Economy, if the Government does not Change its Stance
Mar 18, 2022 at 11:11
News
Cryptocurrency Will Not Save the Russian Economy, if the Government does not Change its Stance
Russia is facing tough restrictions that could push the country into complete economic isolation. In such a situation, it is only natural to look for alternatives that will help circumvent the restrictions and maintain international relations.
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.
The USA Has a Chance to Outcompete China in the Cryptocurrency Industry as Companies Flee from the Country
Oct 09, 2021 at 10:10
News
The USA Has a Chance to Outcompete China in the Cryptocurrency Industry as Companies Flee from the Country
More than 20 cryptocurrency companies have announced they are leaving China after the government cracked down on the industry on September 24. This new wave of sanctions paves the way for the US to gain the upper hand in this sector.
Could the Rise of Central Bank Digital Currencies Topple the US Dollar Supremacy?
Aug 18, 2021 at 11:04
News
Could the Rise of Central Bank Digital Currencies Topple the US Dollar Supremacy?
More than 60% of the world's Central Banks are now pursuing Central Bank Digital Currencies (CBDCs). Could this possibly challenge the autonomy of the US dollar?
The Top 5 Cryptocurrency-Friendly Politicians in 2021
Aug 09, 2021 at 11:38
News
The Top 5 Cryptocurrency-Friendly Politicians in 2021
If there were a Crypto Republic, these heads of state would potentially be its leaders. From adopting cryptocurrencies as their respective country's currency to passing crypto-friendly regulations, they are the true unsung heroes of the crypto revolution.
Limitations Imposed by the Central Bank of Belarus Could Drive Users to Cryptocurrency
Jul 19, 2021 at 12:39
News
Limitations Imposed by the Central Bank of Belarus Could Drive Users to Cryptocurrency
Belarus Central Bank is imposing new restrictions on foreign currency transactions in response to EU sanctions. Such a move could create complications for citizens and push them to seek alternatives such as cryptocurrencies.
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