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EU sanctions Russian crypto usage for 20th time adding bans on digital rubles and anyone using Russian crypto services

The European Union’s latest Russia sanctions package, its twentieth so far, brings crypto settlement squarely into an already fractured geopolitical spotlight. Adopted on April 23, the package adds 120 new listings and rolls out financial measures that touch just about every corner of Russia’s crypto scene. That includes service providers, decentralized trading platforms, ruble-backed tokens, …

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OFAC targets Kyrgyzstan-based firms, stablecoins over Russian sanctions violations

The U.S. Treasury’s Office of Foreign Assets Control sanctioned multiple companies and individuals accused of using stablecoins to help Russia skirt international sanctions tied to its war in Ukraine on Aug. 14. The designations target both Russian-linked businesses and foreign intermediaries alleged to have facilitated large-scale cross-border transactions for sanctioned entities. The move highlights OFAC’s …

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Russian defense conglomerate Rostec to launch ruble-pegged stablecoin on TRON

Rostec, the Russian defense and technology conglomerate, announced on July 3 that it will introduce a ruble-pegged stablecoin and a linked payment network this year, utilizing Tron infrastructure. According to the Russian news agency TASS, Rostec named the token RUBx and set a one-to-one exchange rate with the ruble. Deputy General Director Alexander Nazarov stated that the corporation …

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Russian insurance firms unveil investment life policies tied to Bitcoin

Two major Russian insurance firms, Renaissance Life and BCS Life Insurance, have launched investment life insurance policies (ILIPs) linked to Bitcoin, according to a July 2 local media report. According to the report, the innovative policies allow investors to gain exposure to BlackRock’s iShares Bitcoin Trust (IBIT), the largest Bitcoin ETF by assets under management. …

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Russian giant Sberbank launches Bitcoin bonds to expand Russian exposure to crypto

Sberbank, Russia’s largest lender, has introduced a new structured bond product offering exposure to Bitcoin (BTC), marking a significant step in integrating cryptocurrency-linked instruments into the country’s regulated financial ecosystem. The product, currently available on the over-the-counter market to a limited pool of qualified investors, allows returns based on the performance of Bitcoin’s US dollar …

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