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Tag: Russia

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Euroclear Sidesteps OFAC as New Procedure Unfreezes Over $200 Billion in Russian Assets
Euroclear, one of Europe’s leading clearinghouses, has implemented a procedure allowing Russian investors to unfreeze their assets without an OFAC license. The move opens a path to potentially unblocking more than $200 billion in Russian assets frozen by the institution.… Read full article
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Digital Ruble Push: Bank of Russia Reinforces That Crypto Can’t Be Used for Domestic Payments
While Russia prepares for a nationwide launch of the digital ruble, the Russian CBDC, it has also rejected crypto for domestic payments. Elvira Nabiullina, governor of the Bank of Russia, stated that cryptocurrencies cannot be used for settlements within the… Read full article
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