According to reports, the Russian Federation has defaulted on its foreign debt for the first time since 1918. Bondholders told the press that they had
Category: Payments
Russia to Trial Digital Ruble Settlements for Real Estate Deals
The Central Bank of Russia and participating commercial banks want to test various types of payments with the digital ruble, the Russian press reported. The
Bank of Kyrgyzstan Issues Warning About Cryptocurrencies, Crypto Payments
Amid the growing popularity of cryptocurrencies in Kyrgyzstan, the country’s central bank has reminded citizens about the risks associated with the digital assets. The monetary
Moneygram Launches USDC Crypto-to-Cash Program in Certain Markets
Moneygram, a remittance and payments company based in the U.S., has announced the integration of USDC, a dollar-pegged stablecoin, as a settlement asset for its
Declare the Side Hustle — Americans Are Concerned About the 1099-K Tax Rule for Payments Over $600
Americans are worried about a new tax reporting requirement that will force applications like Venmo, Cash App, Paypal, Airbnb, and Ebay to send 1099-K forms
Russia’s Industrial Giant Rostec Announces Blockchain-Based Alternative to SWIFT
Rostec, the Russian manufacturing and technology conglomerate, has developed a system allowing the processing of international settlements and storage of digital currency. The blockchain-based platform
Anonymous Hackers Claim to Have Breached Russian Payment Service Provider Qiwi
A hacking group linked to the Anonymous collective has allegedly hit the popular Russian payment processor Qiwi. Network Battalion 65 announced on social media it
Uzbekistan President Issues Decree Regulating Cryptocurrencies, Mining and Trading
The government of Uzbekistan has moved to expand its crypto regulations through a decree signed by President Shavkat Mirziyoyev. The document provides definitions for terms
Illegal Use of Cryptocurrency Largely a Myth, Russian Lawmaker Says
Only a small share of cryptocurrency transactions have illicit purposes and the use of digital coins in illegal activities is for the most part a
Bank of Russia to Pilot Digital Ruble Settlements in 2023
Russia’s monetary authority intends to conduct the first settlements with the digital ruble next year, its governor announced this week. Speaking to Russian lawmakers, the
Digital Ruble ‘Much Needed,’ Russia’s Central Bank Says, Won’t Delay Testing
The Central Bank of Russia has emphasized the importance of moving forward with its digital ruble project. According to a statement by a top representative,
Russian Chamber of Commerce Suggests Using Cryptocurrencies in Settlements With Africa
Employing crypto in cross-border payments is one of the proposals put forward by the Russian Chamber Of Commerce lobbying for more cooperation with African countries.
