Tagged: russia

US Department of Treasury Sanctions Russian-Venezuelan Bank Evrofinance

As part of its ongoing measures against the “illegitimate regime” of Nicolas Maduro in Venezuela, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned Evrofinance Mosnarbank, “a Moscow-based bank that is jointly owned by Russian and Venezuelan state-owned companies.” According… Read More

Russian Human Rights Commissioner Asks UN to Help Accused Bitcoin Launderer to Return to Russia

TASS is reporting this week that Russia’s Commissioner for Human Rights, Tatyana Moskalkova, has asked the UN High Commissioner for Human Rights, Michelle Bachelet, “to facilitate the extradition of Russian Alexander Vinnik from Greece to Russia.” Vinnik has been being held by Greek authorities since… Read More

Deputy of Russian Ruling Party Proposes Experimental Use of “Blockchain” Tech for Voting in Next Moscow Election

Russian state media outlet TASS reported February 26th that Dmitry Vyatkin, a deputy in Russia’s ruling United Russia party, has introduced a bill to have the Moscow City Duma (city hall) use an experimental blockchain voting system in the city’s next election. According to an… Read More

Sberbank Announces Online Service Sberbank Cash Transit

Russian banking group Sberbank announced on Friday the launch of its new online cash transit services, which allows users to make existing cash transit agreements. According to Sberbank, the advantages of the group’s cash transit services include the following: Reliable partner with the widest coverage Funds are… Read More

Records of 15 000 Heart Patients Compromised in Crypto Ransom Attack

In January, a private heart clinic located in a Melbourne’s Cabrini hospital had 15 000 patients’ medical records locked in a ransomware attack that emanated from Russia or North Korea, 9News reports. A cryptocurrency ransom to unlock the data was subsequently demanded. The records were… Read More

Accused of Laundering $234 Billion, Danske Bank Ceases Most Banking in Russia and Baltic Countries

Close on the heels of Danske Bank being ordered out of Estonia this week for its alleged role in laundering funds totaling $234 billion USD for Ukrainian, Azerbaijani and Russian clients, Danske Bank has now announced it will be, “clos(ing) down its banking activities in… Read More

Head of Large Russian Bank Likens Cryptomining to Counterfeiting, Warns: “There is No Mechanism for Regulating the Cryptocurrency Market”

The head of Russia’s VTB bank, Andrei Kostin, has reportedly compared cryptocurrency mining with counterfeiting and believes crypto markets cannot currently be regulated, Russian national news agency TASS reports. Kostin made the comments while speaking at an educational event called “The I Am Professional” Olympiad…. Read More

Ryuk Ransomware Attack on Major US Newspapers Came from Russia, Not North Korea, Researchers Say

Researchers at Crowdstrike, FireEye, Kryptos Logic, and McAfee are all reporting that ransomware known as Ryuk is, in fact, being proliferated by professional hack groups in Russia, and not by North Koreans, ZDNet reports. According to the outlet: “The era of individual ransomware operations appears to be ending, with fewer… Read More

Sberbank Now Allowing Consumer Lending on Mobile App

Russian banking group Sberbank announced last week it is now offering online individual lending through its mobile app, which is specifically offered to Android users at this time, with iOS functionality being available in a few months. While sharing more details about the new functionality, Managing… Read More

“Bitcoin Babushkas”: Older Women Mining Bitcoins in Siberia

Russia is one of the most crypto (currency)-enthused regions in the world, and mining cryptocurrencies not just a big city, male phenomenon there, BBC reports. In the Siberian city of Irkutsk, even “grandmothers” are getting in on the action. “I want some money that I’ve… Read More

Russian Authorities Imposing New Digital Surveillance Layer to Combat Anonymous Message App Telegram

If all goes well with current tests, Russian telecom companies will soon be required to implement new content-censoring tech in order to surveil and intercept messages sent on prohibited anonymizing apps like Telegram, BBC Russia reports. The system, which has been being competitively tested by… Read More

Russian Deputy Finance Minister Says Digital Currency for the EAEU Region “Inevitable”

Russian Deputy Finance Minister Alexei Moiseyev has told the local press his ministry is exploring the creation of a digital currency for the EAEU region – in part as a response to international sanctions, Rambler reports. Moiseyev says the currency may be expected in 2020… Read More

Sberbank Now Allowing Users in 42 Russian Cities Make Instant Contactless Payments Using Pay-QR

Russian banking firm Sberbank announced earlier this week it is now allowing users in 42 Russian cities to make instant contactless payments using Pay-QR on smartphones. According to Sberbank, the project’s goals are to provide a convenient new QR code payment technology for individuals and a… Read More

Lawyer: Greek Justice System Violating Rights of Accused Bitcoin Launderer Alexander Vinnik

The legal rights of a man at the centre of an international tug-of-war have been violated by the Greek justice system, a lawyer for accused BTC-e administrator Alexander Vinnik argued in court this week. “You have violated the rights of Alexander Vinnik, who hasn’t received… Read More

Russian Payment Platform Yandex.Checkout Now Providing Online Stores With Google Pay Option

Yandex.Checkout, an online payments service based in Russia, announced on Wednesday its partners may now accept payments through Google Pay without any additional development required: the payment method becomes available to them as they send a request for it. This news comes just days after Yandex.Checkout announced it has integrated… Read More

Russian Crypto Association Cooperating with Iran to Create “SWIFT Counterpart”

In early November, SWIFT, the Belgium-based company that operates the global payments network of the same name, announced that “certain Iranian banks” would be cut off from using the service: “In keeping with our mission of supporting the resilience and integrity of the global financial… Read More

Russian Online Payments Platform Yandex.Checkout Announces Integration With WeChat Pay

Yandex.Checkout, an online payments service based in Russia, announced on Thursday it has integrated with WeChat Pay. According to Yandex.Checkout, the new feature will notably be well suited for merchants who are working with Chinese tourists in Russia or looking for an opportunity to start… Read More

Russian Online Lender MFC Zaymer Joins Robo.cash

Automated peer to peer platform Robo.cash has issued a note saying Russian microfinance company MFC Zaymer is joining their platform. The company operates Zaymer.ru that offers short-term (payday) loans with interest rates for investors of 14% in Euros and up to 18% for loans originated in Rubles…. Read More

Sberbank & Yandex.Checkout Introduce B2B Payments Service

Yandex.Checkout and Sberbank have launched a new B2B Payments service allowing companies to accept online payments from corporate clients.  The new feature aims to reduce the payment process time frame to 1–3 minutes. Yandex.Checkout and Sberbank claim the title for the first platforms to offer… Read More

Seven More Russians Indicted in US for Alleged Crypto-Funded Spying

Seven more Russian spies have been indicted in the US, charged with multiple counts of attacking industrial, sports, anti-doping and anti-chemical weapons organizations across the world. The personal records of rival athletes were also targeted. Prosecutors in the Western District of Pennsylvania also claim the… Read More

Send this to a friend