PYMNTS-MonitorEdge-May-2024

sanctions

Russian Cryptocurrencies Could Be Part of Future Sanctions
Russian Cryptocurrencies Could Be Part of Future Sanctions
February 28, 2022  |  Cryptocurrency

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...

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Economic Warfare vs. Russia Proves Effective
Economic Warfare vs. Russia Proves Effective
February 28, 2022  |  International

War is waged with tanks, bullets and air attacks — and also with banks as battlefields, interest rates as weapons of economic mass destruction. A...

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War in Ukraine Poses First Big Test for Bitcoin as a Haven in Times of Crisis
War in Ukraine Poses First Big Test for Bitcoin as a Haven in Times of...
February 25, 2022  |  Bitcoin

It’s hard to argue that the case for bitcoin as a store of value that, like gold, provides a hedge against inflation has been badly...

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Ukraine Revokes Licenses of Russian Banks Sberbank, VEB
Ukraine Revokes Licenses of Russian Banks Sberbank, VEB
February 25, 2022  |  International

Aside from dealing with banking sanctions from United States, European Union and British leaders, Russia’s financial services were further handicapped when the National Bank of...

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Sanctions on Russia May Be Streamlined, Sped up by the Digital Age
Sanctions on Russia May Be Streamlined, Sped up by the Digital Age
February 24, 2022  |  International

Russia’s attack on Ukraine is now unfolding. More than 5,500 miles away, the United States is ratcheting up sanctions aimed at punishing Russia for its...

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Russia May Turn to Crypto to Go Around US Sanctions
Russia May Turn to Crypto to Go Around US Sanctions
February 23, 2022  |  Cryptocurrency

The Biden administration is putting new sanctions on Russia over the current Ukraine conflict, trying to cut off foreign capital, The New York Times wrote...

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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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MoneyGram Settles With OFAC Over ‘Apparent Violations’ Of Sanctions
MoneyGram Settles With OFAC Over ‘Apparent Violations’ Of Sanctions
April 29, 2021  |  International

The U.S. Department of the Treasury announced that MoneyGram Payment Systems, Inc. agreed to remit $34,328.78 to settle “potential civil liability” for 359 apparent contraventions of...

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Sudan Banks And Visa Partner To Bring Payment Systems To Country
Sudan Banks And Visa Partner To Bring Payment Systems To Country
March 03, 2020  |  VISA

Things are changing in Sudan as its banks partner with Visa to introduce payments systems after decades of being shunned by legitimate financial institutions (FIs)...

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