Tag: Crypto & Russia

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Binance Ending Operations in Russia — Crypto Exchange to Focus on 100+ Other Countries

September 29, 2023

Crypto exchange Binance is closing down all exchange services and business lines in Russia. The company has entered into a sales agreement with Commex. A Binance executive explained that operating in Russia is not compatible with the company’s compliance strategy. “We remain confident in the long-term growth of the Web3 industry around the world and…
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Bank of Russia Governor Elvira Nabiullina: ‘Cash Is Not Going Away’

September 19, 2023

Elvira Nabiullina, Governor of the Bank of Russia, talked about the future of cash in the context of the digital ruble pilot currently being executed in the country. Nabiullina explained that physical money was not disappearing and that the future implementation of the digital ruble was directed to offer payment options to users. Bank of…
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