Tagged: rosbank

Binance Halts Peer to Peer Crypto Transactions in Russia After Potentially Failing to Adhere to Sanctions Enforcement Requirements

August 28, 2023 @ 8:37 am By Omar Faridi |

P2P digital currency exchanges have reportedly assisted crypto traders with circumventing globally-enforced sanctions against Russia’s banking institutions. Crypto exchange Binance‘s recent activities might worsen its regulatory challenges in the US. The recent crackdown attempts to place a ban on transactions completed with payment cards that… Read More

Read more in: Blockchain & Digital Assets, Global | Tagged banking, binance, compliance, crypto exchange, crypto payments, Crypto Regulations, digital currency, digital financial services, financial services, international sanctions, p2p, p2p transactions, peer to peer, rosbank, russia, sanctions, tinkoff bank, virtual currencies

Rosbank Demonstrated First Digital Gold Exchange Transaction in Russia Using Digital Rubles

February 10, 2023 @ 8:34 am By Omar Faridi |

Rosbank demonstrated the first digital gold exchange deal in Russia using digital rubles. According to the bank it involved “the exchange of tokenized gold between two parties using innovative distributed ledger technology (blockchain) to ensure the security and continuity of the process.” The project was… Read More

Read more in: Fintech, Blockchain & Digital Assets, Global | Tagged commodities, digital assets, Digital Gold, digital transactions, distributed ledger technology, dlt, europe, gold, rosbank, rubles, russia, tokenization, tokenized gold