Russia’s sanctioned business union mulls establishing national Bitcoin fund

2024-7-2 15:25

Russia’s sanctioned business association considers a national Bitcoin fund to enhance the use of digital financial assets in foreign trade. The Russian Union of Industrialists and Entrepreneurs (RSPP), a sanctioned Russian union representing the country’s wealthiest business figures, is considering…

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Fashion Company Farfetch Joins Other Luxury Giants In Crypto Payment Adoption

Farfetch is the most recent premium fashion brand to experiment with digital currencies. Later this year, the luxury apparel business will begin taking bitcoin payments on its marketplace. The cryptocurrency payment feature will be tested at luxury boutiques across the European Union before being extended out to the United States, Europe, and the United Kingdom. Cryptocurrency […]

2022-6-11 13:45


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BRICS Business Council Greenlights the Launch of a Single Cryptocurrency Payment System

In a bid to facilitate swift payments between BRICS countries, the BRICS Business Council has proposed the creation of unifying cryptocurrency in a forum in Brazil. The crypto asset will be used as a single payment system for settlements between member countries of the union, according to an RBC report on November 14, 2019.

2019-11-16 02:00


From lock-in to loyalty: Self-Sovereign Identity & Data Portability

Regulatory requirements like open banking rules and the data portability provisions in the European Union’s GDPR tend to be viewed as burdens - forcing compliance expense and stunting growth. But business leaders can use the opportunity to rise above their competition by embracing data portability. The key is ‘Self-Sovereign’ Identity.

2019-5-5 16:00


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Men plead guilty in first NY conviction for money laundering involving Bitcoin

Two US men have pleaded guilty to running a steroid and controlled substance business that laundered millions of dollars in cryptocurrency and Western Union payments. Representing the first conviction for money laundering involving cryptocurrency by New York State prosecutors, the defendants sold their products, which they made, marketed, and shipped, on a website they controlled called ‘NextDayGear,’ as well as on the dark web.

2019-4-24 12:58


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As Court Reconvenes for QuadrigaCX, Questions Surround Empty Cold Wallets

As QuadrigaCX’s legal counsel descends on the courtroom in Halifax, Nova Scotia, for another round of legal proceedings, the court monitor’s third report on QuadrigaCX’s finances — specifically its revelation that the exchange’s cold wallets are empty — lays out some hopeful avenues for fund recovery — and some frustrating dead ends.

2019-3-5 20:20


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EU bans crypto providers supporting Russia’s defence-industrial base

The European Council has unveiled a 14th package of sanctions, targeting crypto providers established outside of Europe that support Russia’s defence-industrial base. European leaders have adopted another package of sanctions designed to target “high-value sectors of the Russian economy, like…