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Russia on the verge of legalising cross-border crypto payments

Cryptocurrencies being used for international trade could become a reality in Russia, as the country is close to formalising  legislation that will allow cross-border...

Paynetics and phyre combine to support humanitarian organisations

Sofia-based ‘regulated fintech’ Paynetics and digital wallet provider phyre have joined forces to release a free mobile offering aimed at equipping charities with improved...

The EU extends sanctions against Russia and Belarus 

The European Commission has announced an approval over the extension of sanctions affecting Russia and Belarus.   In response to the newest developments of the Ukraine...

Russia looks to UnionPay to ease the impact of Western sanctions

Russia is looking to China to ease the economic pressure caused by the intensifying of sanctions by Western governments and financial institutions.  With lines at...

Volt unites with Yapily and Token to boost donations in Ukraine

Utilising open payments tech, Volt, Yapily, and Token have united to boost cross-border donations to victims in Ukraine. As part of the collaboration the three...

VISA and Mastercard suspend all operations in Russia

Visa and Mastercard has suspended all operations in Russia, further increasing sanctions on the country over its invasion of Ukraine.  Users of both companies will...

Task Force KleptoCapture formed to prevent crypto bypassing of Russian sanctions

As global economic sanctions on Russian finance have intensified this week, steps to ensure that cryptocurrency isn’t a potential route for oligarchs to avoid...

UK Government to strengthen money laundering laws with new Economic Crime...

As the UK looks to expand the impact of its economic sanctions on Russia, the government is accelerating the implementation of new laws that...

EU orders SWIFT removal of seven Russian banks

In a statement issued today, the European Union has announced that a total of seven Russian banks will be taken off from SWIFT. The move...

Apple Pay halted in Russia as sanctions increase

Apple has become the latest corporation to cease its operations in the Russia, confirming that its Apple Pay financial product will no longer be...

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