Russia

UK and US Investigate $20 Billion in Crypto Transfers to Russia
UK and US Investigate $20 Billion in Crypto Transfers to Russia
March 28, 2024  |  Cryptocurrency

Authorities are reportedly investigating billions in cryptocurrency transfers that moved through a Russia-based exchange. The probe into the $20 billion-plus payments is part of efforts by...

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US Imposes Sanctions on 13 Russia-Linked Crypto FinTechs
US Imposes Sanctions on 13 Russia-Linked Crypto FinTechs
March 26, 2024  |  Cryptocurrency

The U.S. has sanctioned 13 Russia-linked FinTechs for allegedly using cryptocurrency to evade bans. “Russia is increasingly turning to alternative payment mechanisms to circumvent U.S....

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Raiffeisen Bank International Discloses Investigation by Austrian Financial Regulator FMA
Raiffeisen Bank International Discloses Investigation by Austrian Financial Regulator FMA
February 22, 2024  |  AML

Raiffeisen Bank International (RBI) disclosed Thursday (Feb. 22) that it is being investigated by Austria’s financial regulator, FMA, over alleged anti-money laundering (AML) failures. The bank said...

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Hackers: OpenAI’s Ties to Israel Led to ChatGPT Attack
Hackers: OpenAI’s Ties to Israel Led to ChatGPT Attack
November 09, 2023  |  Cybersecurity

A hacking group with reported ties to Russia has claimed credit for attacking ChatGPT. The reason? The generative artificial intelligence (AI) tool’s parent company’s support for...

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Binance Exits Russia With Sale to Fledgling Crypto Firm CommEX
Binance Exits Russia With Sale to Fledgling Crypto Firm CommEX
September 27, 2023  |  Cryptocurrency

Binance says it will exit the Russian cryptocurrency market as part of its compliance strategy. The world’s largest crypto company announced Wednesday (Sept. 27) that it had agreed...

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Global Trade Faces Slowdown as Economic Growth Weakens
Global Trade Faces Slowdown as Economic Growth Weakens
August 09, 2023  |  Economy

The world is facing a major slowdown in global trade as economic growth weakens. In addition, governments around the world are increasingly curbing business with...

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Report: Russia Could Begin Testing Digital Ruble in August
Report: Russia Could Begin Testing Digital Ruble in August
July 19, 2023  |  CBDC

Russia could reportedly begin testing a digital ruble before the summer’s end. Lawmakers in the country, whose payment systems have been hamstrung since last year...

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Credit Suisse, UBS and US Banks Reportedly Face DOJ Investigation
Credit Suisse, UBS and US Banks Reportedly Face DOJ Investigation
March 24, 2023  |  Banking

Credit Suisse, UBS and some U.S. banks are reportedly being investigated. Individuals at the two Swiss banks and the unspecified major U.S. banks were recently...

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Russian Central Bank Eyes Digital Asset Rules
Russian Central Bank Eyes Digital Asset Rules
November 08, 2022  |  Regulation

Russia’s central bank is reportedly considering new regulations and rules for taxing non-fungible tokens (NFTs), smart contracts and trading digital assets.  The Bank of Russia...

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