Search Results for: Central Bank of Russia
A controversial Russian Ponzi scheme is betting on Bitcoin to relaunch in Nigeria
January 12th, 2017
A month after it suspended operations in Nigeria, Mavrodi Mondial Moneybox (MMM), a Russian Ponzi scheme with over 2 million participants in Africa’s most populous country, is already plotting its comeback. MMM claimed it had to temporarily close operations ...
Western firms invest billions in Russia as economy returns to growth
November 24th, 2016
A number of large Western corporations are increasing investment in Russia, with the country’s economy recovering from its deep decline, according to Bloomberg. Global retailers like Sweden’s IKEA and France’s Leroy Merlin have started pouring billions of dollars into ...
Bank fined $215 Million by DFS for violating Anti Money Laundering Laws
November 7th, 2016
DFS Investigation Uncovers Intentional Actions to Obscure U.S. Dollar Clearing Transactions, Including Counterfeit and Falsified Invoices involving China and Russia and Omission of Information Regarding Possible U.S. Dollar Trades with Sanctioned Counterparties Bank Management Silenced and Severely Curtailed the ...
Bitcoin Regulation in Russia Takes a U-Turn, Subject to Review
September 5th, 2016
Russia’s stance towards Bitcoin and other cryptocurrencies has taken a U-turn. Last week, the country’s finance ministry stated that it is not in a hurry to introduce the Bitcoin draft law. The ministry is planning to review the draft ...
Taiwan banks suspend ATM services after thieves steal $3 million with help of malware
July 13th, 2016
Taiwan’s top eight banks have suspended services on 900 Automated Teller Machines(ATMs) across the island, after thieves made off with NT$70 million (S$2.94 million) in a coordinated heist, apparently with the help of malware. Bank of Taiwan, Chang Hwa Bank, First Bank and ...
TeleTradeBel, MTBank pass requirements for forex trading software, MTBank to apply for forex broker registration
July 4th, 2016
TeleTradeBel, the Belarusian arm of forex brokerage TeleTrade Group, and lender MTBank have become the first entities to pass the requirements of the Belarusian Currency Stock Exchange (BCSE) regarding financial software for forex trading on the over-the-counter (OTC) market, according to a ...
Russian Finance Firms Form Blockchain Consortium
July 4th, 2016
A group of Russian banks and financial services companies has formed a private-sector consortium focused on blockchain applications. Announced 1st July, the consortium includes payment processing firm QIWI, B&N Bank, Khanty-Mansiysk Otkritie Bank, Tinkoff Bank, MDM Bank, and professional services firm Accenture. The launch came during the 25th International ...
Russia plans to introduce its own cryptocurrency
May 27th, 2016
Bitcoin Beware: Russia Developing National Cryptocurrency Russia plans to introduce its own cryptocurrency, while banning the use of all others, local media reported Friday, ciring Federal Financial Monitoring Service (Rosfinmonitoring) Deputy Director Pavel Livadny. According to the Kommersant newspaper, ...
Russia’s ‘Bitcoin Ban’ Faces Uncertain Future After Draft Bill Withdrawn
May 20th, 2016
A bill prepared by Russia’s Ministry of Finance targeting the creation and circulation of so-called money surrogates, a classification that would include digital currencies like bitcoin, has been at least temporarily withdrawn from consideration following comments from the country’s ...
About 27% of banks left Russian market in two crisis years — Sberbank expert
May 19th, 2016
According to the analyst the number of banks reduced from 922 (as of early 2014) to 697 as of May 2016 About 27% of banks left the Russian market in two crisis years, most of them are medium banks ...
