Amid ongoing sanctions, the government of Russia has been working to limit the country’s dependence on the U.S. dollar. The Ministry of Foreign Affairs now
Tag: Payments
Facebook’s Novi Launches Pilot Program in Guatemala and US Using Pax Dollar
Novi, Facebook’s digital wallet, will launch a pilot program to test the functionality of the service in two countries: Guatemala and the U.S. The test
Putin: Still Early but Crypto Can Be Used for Oil Trade Settlements, Store of Value
Accusing the U.S. of undermining the dollar through money printing and sanctions policy, President Vladimir Putin has admitted that cryptocurrency can be utilized for settlements
Moscow Not Planning to Ban Russians From Buying Crypto Abroad
Russia is not going to follow China’s course and does not plan to ban its citizens from purchasing cryptocurrency on foreign exchanges, a high-ranking government
Georgia to Pilot Digital Currency in Retail Commerce Next Year
The central bank of Georgia is advancing its digital currency project. The monetary authority is preparing to launch the CBDC as early as next year
Bitwage Raises $1.5 Million in Latest Funding Round
Bitwage, the pioneer cryptocurrency-based payroll and invoicing company, has raised $1.5 million in its latest funding round. The funding round had participation from Draper Associates
Laos to Study Digital Currency With Help From Japanese Fintech, Report Reveals
The central bank of Laos intends to explore issuing its own digital currency, according to a media report that provided details on the plan. A
Italian Payments Giant Nexi Involved in Digital Euro Project
Nexi, a leading European payments company, is reportedly giving advice to the European Central Bank (ECB) related to the digital euro project. The announcement was
Central Bank of Ukraine Supports Crypto Industry, Fears Cryptocurrency
The National Bank of Ukraine recognizes the benefits of endorsing crypto innovations but also fears cryptocurrencies could gain ground on the national fiat. Announcing its
US Sanctions Russian Crypto Broker Suex for Laundering Millions in Illicit Funds
The U.S. Treasury Department has blacklisted Suex, a cryptocurrency broker based in Russia, for its money laundering activities. The platform is suspected of processing hundreds