Russia

Rich Russians Turn to High-End Jewelry, Watches to Preserve Wealth

Rich Russians Turn to High-End Jewelry, Watches to Preserve Wealth
Rich Russians Turn to High-End Jewelry, Watches to Preserve Wealth
March 02, 2022  |  Cross-border Payments

The Russian wealthy class, attempting to avoid the plummeting value of the ruble, are buying luxury jewelry and watches to retain the value of their...

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Today in Crypto: Crypto Market Cap Passes $2T as Bitcoin Nears $45,000; Smaller Investors Propel Bitcoin, Other Crypto As Stocks Drop
Today in Crypto: Crypto Market Cap Passes $2T as Bitcoin Nears $45,000; Smaller Investors Propel...
March 02, 2022  |  Cryptocurrency

With a broad run in the digital asset market and bitcoin at almost $45,000, the total market cap for cryptocurrency is now over $2 trillion,...

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Russian Consumers Not Panicked by Sanctions, Report Says
Russian Consumers Not Panicked by Sanctions, Report Says
March 02, 2022  |  Cross-border Payments

Day after a number of countries imposed harsh sanctions on Russia over its invasion of Ukraine, consumers in that country are more resigned than anything...

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Senators Ask Treasury to Probe if Russia Can Use Crypto to Get Around Sanctions
Senators Ask Treasury to Probe if Russia Can Use Crypto to Get Around Sanctions
March 02, 2022  |  Cryptocurrency

Four Democratic U.S. senators Wednesday requested Treasury Secretary Janet L. Yellen explain how her department plans to get cryptocurrency companies to enforce economic sanctions on...

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Netflix Suspends Russia Projects, Acquisitions
Netflix Suspends Russia Projects, Acquisitions
March 02, 2022  |  Streaming

Netflix will be stopping all future projects and acquisitions in Russia due to that country’s invasion of Ukraine, Reuters reported Wednesday (March 2). The streaming...

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EMEA Daily: China Will Sit Out Russia Sanctions; UK Regulator Bans Crypto Floki Inu Ad
EMEA Daily: China Will Sit Out Russia Sanctions; UK Regulator Bans Crypto Floki Inu Ad
March 02, 2022  |  Cross-border Payments

In today’s top Europe, Middle East and Africa news, count China out of joining the West’s sanctions against Russia for its war on Ukraine, and...

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Russia’s Central Bank Plans Daily Auctions as Financial Squeeze Tightens
Russia’s Central Bank Plans Daily Auctions as Financial Squeeze Tightens
March 02, 2022  |  Cross-border Payments

The Russian central bank said Wednesday (March 2) that it will host daily 3 trillion rouble ($28.31 billion) repossession and deposit auctions to help lending...

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EU Mulls Blocking Russian Banks From SWIFT, but Big Name FIs Are Missing
EU Mulls Blocking Russian Banks From SWIFT, but Big Name FIs Are Missing
March 02, 2022  |  Cross-border Payments

The European Union might trim seven Russian banks from SWIFT, the international messaging system used to process payments, according to documents seen by POLITICO Tuesday...

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