Sber, Russia’s biggest bank, now supports the MetaMask cryptocurrency wallet. In a drive toward DeFi and Web3, the bank has stated that blockchain technology has been integrated. Integration with the Ethereum ecosystem is shown through the advancement. The data also pointed to the untapped potential for its proprietary blockchain. This
Vladimir Putin, President of Russia, agrees that a new digital payment system is needed for global settlements. According to proponents of the new payment system, no banks nor third parties are necessary to process transactions. This information was leaked to the public by one of the regional media outlets. Distributed
The Russian government has delivered a serious setback to Meta (Facebook). On Friday, Meta was reportedly designated as an extremist group by the Russian Ministry of Justice. An earlier ruling in Russia found that Meta was involved in extremist activity. Additionally, Moscow censored Instagram and Facebook. They said it was
Despite the critical condition of the crypto market, the adoption rates of the crypto industry is growing on a large scale. Even though the market is highly fluctuating, users are showing great interest in crypto space. Witnessing these positive outcomes, Russia is moving forward to launch a “National Cryptocurrency Exchange”
Among Russian banks, VTB Bank is the first to design a prototype that would let customers utilize the digital equivalent of the country’s fiat currency to fund accounts and make transactions using the bank’s mobile app. The bank’s press service indicated that in 2023, certain customers will be given the
There has been an uptick in the notion of allowing cross-border crypto. The liberal New People group proposed mining measure, but it was shot down. Russia’s legislators are going to look at a new bill that would make cryptocurrency mining legal. This sector has been expanding rapidly over the last
Crypto.com had added Russia to the list of nations it would not provide service. Bitmex, another marketplace, will also implement new limits. A number of service providers in the sector have made efforts to comply with the new restrictions imposed around a week after the European Union approved another set
High inflation has affected people in both nations as a result of the war’s economic toll. Ukrainian hryvnia-denominated trade volume increased by 121% to $307 million in March. There was a spike in crypto transactions between Russia and Ukraine shortly after hostilities broke out in late February. While Russian transactions
The article also made accusations of “Russophobia” on behalf of the Meta. Meta appealed the decision in a Moscow court. Their appeal, however, was denied. Russia’s conflict with the West has reached a new level of intensity. Federal Financial Monitoring Service Rosfinmonitoring has classified the social networking business Meta as
Dapper Labs has suspended Russian accounts amid the European Union’s recent sanctions. Impacted users will be unable to buy, sell, or gift digital collectibles across several platforms. Dapper Labs, the blockchain and NFT-based platform have halted Russian accounts following the recent sanctions imposed by the European Union (EU) on Russia
