Russia

Auto Verification of Bank Account Owners Is Key to Sanctions Compliance
Auto Verification of Bank Account Owners Is Key to Sanctions Compliance
May 27, 2022  |  Regulation

Sanctions have been dominating headlines. Nithai Barzam, COO of nsKnox, a corporate payment security company, told PYMNTS’ Karen Webster that beyond the sanctions that have...

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Today in Crypto: Bitcoin Falls With Powell Remarks; Coinbase Institute to Fund Research
Today in Crypto: Bitcoin Falls With Powell Remarks; Coinbase Institute to Fund Research
May 18, 2022  |  Cryptocurrency

Bitcoin dropped under $30,000 in trading on Wednesday (May 18) following traditional markets in retreat, Coindesk wrote. Traders and analysts are responding to Fed Chair...

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With No Credit Card Processing, Google Stops Paid App Sales in Russia
With No Credit Card Processing, Google Stops Paid App Sales in Russia
May 09, 2022  |  Google

Google won’t be offering paid apps or app updates for Russian users — but that’s not because the company wanted to exit the market, a...

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China, Russia Central Banks to Discuss National Payment Systems
China, Russia Central Banks to Discuss National Payment Systems
May 06, 2022  |  Digital Payments

The central banks of Russia and China are set to discuss the use of the two nation’s national payment systems in both countries. That’s according...

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Chinese Tech Firms Quietly Moving Business From Russia
Chinese Tech Firms Quietly Moving Business From Russia
May 06, 2022  |  International

While China has said it would sit out sanctions against Russia over its invasion of Ukraine, many of the country’s tech firms have begun backing...

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CBDC Weekly: Central African Republic Adopts Bitcoin; Russia, India, Mexico Set CBDC Dates; Philippines Announces Wholesale Pilot
CBDC Weekly: Central African Republic Adopts Bitcoin; Russia, India, Mexico Set CBDC Dates; Philippines Announces...
April 29, 2022  |  CBDC

Technically, the Central African Republic’s (CAR’s) decision to make bitcoin a legal tender alongside the regional CFA Franc isn’t central bank digital currency (CBDC) news....

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Russian Firm Seeks $1.2M Against Apple for ‘Moral Damage’
Russian Firm Seeks $1.2M Against Apple for ‘Moral Damage’
April 29, 2022  |  Apple

A Russian law firm is suing Apple, saying the tech giant violated the rights of consumers when it suspended its payment service in the country,...

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Some EU States Caving to Russia’s Rouble Payment Demand for Gas
Some EU States Caving to Russia’s Rouble Payment Demand for Gas
April 28, 2022  |  International

As Russia’s attack on Ukraine continues, some states in the European Union (EU) are weighing rouble payments for Russian gas despite the risk of undermining...

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Today in Crypto: Binance Denies Sharing Client Info With Russia; Ukraine Prohibits Purchases of Crypto With Its Currency
Today in Crypto: Binance Denies Sharing Client Info With Russia; Ukraine Prohibits Purchases of Crypto...
April 24, 2022  |  Cryptocurrency

The National Bank of Ukraine clarified restrictions on cross-border transactions on Thursday (April 21), hoping to stop crypto purchases in local currencies. According to its...

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