buildingeqonline

Taxes

The European Union has banned Russians from using their crypto wallets

In the eighth package of sanctions, the European Union imposed a complete ban on the use of its crypto accounts for Russians and residents of the Russian Federation.

The new measures involve tightening restrictions that were in effect as part of the sanctions package adopted in April. Then the EU authorities banned Russians from storing more than €10 thousand on European crypto accounts and crypto wallets. Now European companies cannot provide cryptocurrency storage services to citizens of the Russian Federation.

In September, […]

Finance

Fraudsters have stolen more than $2.3 billion worth of cryptocurrencies since the beginning of the year

Since the beginning of 2022, scammers have stolen cryptocurrencies worth more than $2.3 billion, 98.8% of all hacks were on decentralized finance (DeFi) platforms, according to a report by ImmuneFi.

According to an organization specializing in blockchain security, in the period from July to September, crypto platforms and their users lost more than $428 million, 30 project hacks and nine fraud attacks were committed.

One of the biggest attacks recently was the hacking of the Nomad Bridge project, in August, attackers stole […]

Insurance

The Ministry of Finance intends to allow any branches of business to make international payments in cryptocurrencies

The head of the Financial Policy Department of the Ministry of Finance, Ivan Chebeskov, announced the department’s plans to allow international settlements in cryptocurrencies to any business sectors. He stated this in an interview with RTVI TV channel.

Now cryptocurrency is used in small transactions and outside the legal field. The agency intends to allow international settlements in cryptocurrencies for any industries without restrictions.

However, Russia needs its own crypto infrastructure to protect the interests of citizens and control the legality of […]