The Ukrainian government has been buying important supplies, including gas, food and military equipment, using cryptocurrencies, CoinDesk reported Monday (Feb. 28). The coins were donated...
Both cross-border payments company Wise and remittance processor Remitly have suspended their money transfer services in Russia due to the sanctions there and the ongoing...
In today’s top Europe, Middle East, and Africa news, Switzerland put neutrality on hold and froze all of Russia’s assets due to the invasion of...
Switzerland is breaking with neutrality and freezing all of Russia’s assets in the country in a move to adopt the West’s sanctions against Russia due...
Citigroup reported Monday (Feb. 28) that its total exposure to Russian assets was at $5.4 billion at the end of December 2021, down from $5.5...
If the President Joe Biden administration gets its way, the latest economic sanction against Russia for invading Ukraine will be a disruption of its cryptocurrency...
War is waged with tanks, bullets and air attacks — and also with banks as battlefields, interest rates as weapons of economic mass destruction. A...
The home country of FinTech companies such as Revolut or the account-to-account payment platform Kevin recently declared a state of emergency in response to Russia´s...
Senior management and compliance teams at major banks have been working vigilantly to understand the new sanctions imposed on Russia, Reuters reported Sunday (Feb. 27)....