2023-9-28 17:47 |
CommEX, the new owner of Binance's local branch in Russia, will be registered in Seychelles and plans to serve Crimea, a sanctioned territory
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Binance, the world’s leading cryptocurrency exchange, has made a decision to exit the Russian market due to ongoing legal concerns and regulatory challenges. The Russian crypto regulatory framework is strict although the country has started testing a digital ruble.
2023-9-28 13:02 | |
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Binance fully exits Russia with sale of business to CommEX. Transition will last a year, the exchange said in an announcement on Wednesday, September 27. Binance has announced its exit from Russia, with its business sold to newly formed cryptocurrency exchange CommEX.
2023-9-27 12:49 | |
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Binance, the popular crypto exchange, is exiting Russia and selling its local business to CommEX
2023-9-27 11:30 | |
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After various ups and downs in the Russian market, the world's largest exchange, Binance finally exited Russia, citing that market is not compatible with compliance. The post Binance Exits Russian Market, Sells Subsidiary to CommEX appeared first on BeInCrypto.
2023-9-27 11:21 | |
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Treasury’s OFAC has sanctioned the Russian developer of LockBit, who transferred crypto to various illicit services, including sanctioned Russian exchange Garantex, Chainalysis says. Dmitry Khoroshev, a Russian developer of the ransomware program called LockBit which has been recently sanctioned by…
Blockchain forensics firm Chainalysis says ransomware attacks involving payments decreased by 46% in 2023. As the ransomware market becomes increasingly saturated with new schemes due to lower barriers-to-entry, executing profitable attacks involving crypto payments has become a challenging thing, according…
Russia is not planning to outlaw crypto turnover in the country, an official said, emphasizing the need for accurate reporting over sensational headlines. Russian lawmaker Anton Gorelkin, who serves as the deputy chairman of the State Duma Committee on Information…
As sanctions bite, Bank of Russia’s Nabiullina calls for faster adoption of crypto laws that would enable international transactions in crypto and digital financial assets. Russian central bank governor Elvira Nabiullina has urged Russian lawmakers to fasten the approval of…
BitRiver, a Bitcoin mining company targeted by OFAC sanctions, is set to launch Russia’s largest data center for artificial intelligence (AI) in H2 2024. Bitriver-B, a subsidiary of BitRiver Group, is set to launch the largest data center for energy-intensive…
The U.S. Treasury sanctioned entities for illegally exporting technology to Iran, including one that developed Iran’s central bank digital currency platform. The Department of the Treasury’s Office of Foreign Assets Control (OFAC) said in a press release that on Feb.…
The crypto advocacy group said OFAC must act within its statutory authority by sanctioning bad actors, not open-source software tools.