politics

Russia Remains on SWIFT Over Fears of New Payments System

Russia Remains on SWIFT Over Fears of New Payments System
Russia Remains on SWIFT Over Fears of New Payments System
February 25, 2022  |  Cross-border Payments

The EU and the U.S. are formally signing off on sanctions against Russia in response to President Vladimir Putin’s decision to invade Ukraine, but the...

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Biden, European Leaders Double Down on Russia Sanctions
Biden, European Leaders Double Down on Russia Sanctions
February 24, 2022  |  Cross-border Payments

U.S. President Joe Biden and the leaders of the United Kingdom, dozens of European countries, Oceania and Japan announced sweeping sanctions on Thursday (Feb. 24)...

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US Lawmakers Urge Biden to Persuade EU to Change Digital Markets Act
US Lawmakers Urge Biden to Persuade EU to Change Digital Markets Act
February 24, 2022  |  Legal & Regulation

A bipartisan group of 30 lawmakers sent a letter to President Joe Biden urging him to talk to EU leaders and persuade them to change...

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Ukraine Caps Cash Withdrawals, Suspends Use of Digital Wallets
Ukraine Caps Cash Withdrawals, Suspends Use of Digital Wallets
February 24, 2022  |  Cross-border Payments

Following the declaration of martial law in Ukraine, the central bank suspended the country’s currency markets, stopped the circulation of all securities, limited cash withdrawals...

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Biden Mulls Barring US Banks From Processing Transactions From Russian Banks
Biden Mulls Barring US Banks From Processing Transactions From Russian Banks
February 21, 2022  |  Legal & Regulation

The Biden administration is preparing sanctions against Russia that would come with banning U.S. financial institutions from processing transactions from Russia’s biggest banks if Russia...

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Canada Sanctions 34 Crypto Wallets, Investigates ‘Freedom Convoy’ Donations
Canada Sanctions 34 Crypto Wallets, Investigates ‘Freedom Convoy’ Donations
February 16, 2022  |  Cryptocurrency

The Ontario Provincial Police and Royal Canadian Mounted Police have ordered companies to stop doing transactions from 34 crypto wallets, which they’ve tied to the...

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GOP Senators Oppose Raskin for Fed Job, Block Vote
GOP Senators Oppose Raskin for Fed Job, Block Vote
February 15, 2022  |  Legal & Regulation

Republicans in the Senate have blocked a vote on some of President Biden’s Federal Reserve nominees, The Wall Street Journal reported Tuesday (Feb. 15), as...

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TD Bank Freezes 2 Bank Accounts Supporting Canadian Protests
TD Bank Freezes 2 Bank Accounts Supporting Canadian Protests
February 13, 2022  |  Banking

Toronto-Dominion Bank (TD) has frozen two personal bank accounts that had C$1.4 million deposited to support protesters of the Canadian government’s pandemic measures, a report...

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