Russia

EMEA Daily: Regulator Could Order Meta to Stop EU-US Data Transfers; Russian Finance Ministry Proposes Crypto Rules
EMEA Daily: Regulator Could Order Meta to Stop EU-US Data Transfers; Russian Finance Ministry Proposes...
February 22, 2022  |  International

In today’s top Europe, Middle East and Africa news, Meta is facing an order to suspend data transfers to the United States by the European...

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US Banks Don’t Expect Much Impact From Russia Sanctions
US Banks Don’t Expect Much Impact From Russia Sanctions
February 22, 2022  |  International

American banks do not expect to see an impact on their business – or wider risk contagion – due to the sanctions the U.S. and...

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US, Europe Levy Russia Sanctions, But All-out SWIFT Ban Not Likely Yet
US, Europe Levy Russia Sanctions, But All-out SWIFT Ban Not Likely Yet
February 22, 2022  |  International

In times of war — or of armed conflicts that are wars in all but name — payments can be weaponized (after a fashion). Or,...

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Russian Finance Ministry Proposes Crypto Rules
Russian Finance Ministry Proposes Crypto Rules
February 22, 2022  |  Cryptocurrency

One month after Russian President Vladimir Putin urged regulators to reach a compromise on regulating cryptocurrency, the Ministry of Finance has submitted a draft law,...

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Crypto Regulation in Russia is Still an Unresolved Matter 
Crypto Regulation in Russia is Still an Unresolved Matter 
February 15, 2022  |  Cryptocurrency

Russian government officials failed to reach consensus Tuesday (Feb. 15) on how to regulate cryptocurrencies, sources told Bloomberg.  This is despite a request by President...

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CBDC Weekly: EU Says Stablecoin Bill Coming in March, Digital Euro as Soon as 2025
CBDC Weekly: EU Says Stablecoin Bill Coming in March, Digital Euro as Soon as 2025
February 11, 2022  |  CBDC

China’s digital yuan may be the largest central bank digital currency (CBDC), but a digital euro is coming. European Union Commissioner for Financial Services Mairead...

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Regulators Warn Banks to Prepare for a Russian Cyberattack 
Regulators Warn Banks to Prepare for a Russian Cyberattack 
February 09, 2022  |  Cybersecurity

As tension on the ground between Russia and the Ukraine intensifies, the European Central Bank (ECB) has warned financial institutions (FIs) of a possible Soviet...

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Sber, na_pokje Roll out B2B Installment Payments
Sber, na_pokje Roll out B2B Installment Payments
February 08, 2022  |  B2B Payments

Russia state-owned bank Sber and wholesale marketplace na_polke have debuted Business Purchase in Installments for wholesale buyers, according to a Tuesday (Feb. 8) press release....

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Europe’s KoronaPay Bans All Crypto Transactions
Europe’s KoronaPay Bans All Crypto Transactions
February 01, 2022  |  Cryptocurrency

European money transfer service KoronaPay has banned all cryptocurrency transaction following reports that the Central Bank of Russia has begun looking into the operations of...

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