Russia
CZ Denies He Owns CommEX, Binance Russia's New Owner
Binance’s CEO sought to quell speculation about the mysterious, day-old, crypto company found as part of a hasty Russian exit
Binance Is Leaving Russia; Coinbase CEO Calls Out Chase UK for 'Totally Inappropriate Behavior'
"CoinDesk Daily" host Jennifer Sanasie breaks down the hottest crypto headlines today, including Binance selling its Russian unit as it looks for a complete exit from the market. Coinbase CEO Brian Armstrong calls out Chase, as the banking giant gets ready to ban crypto-linked payments via debit card or by outgoing bank transfer for U.K. clients. And, SEC Chair Gary Gensler testifies before lawmakers on Wednesday.
Binance Sells Its Russian Unit to Day-Old Crypto Exchange
Crypto exchange Binance is gearing up to fully exit the country of Russia over compliance concerns, as the company agrees to sell the entirety of its Russia business to CommEX, an exchange that was officially launched on Tuesday. CoinDesk's global policy and regulation managing editor Nikhilesh De discusses Binance's announcement and other developments in the crypto regulation space.
Binance Sells Russian Unit to Day-Old CommEX, Exits Country
Binance is set to fully exit the country with the sale and will have no ongoing revenue split, it said Wednesday.
Russian Lawmaker Predicts That Digital Ruble Will Displace Banks
Soon it will be possible to get a loan in the digital ruble and decisions will be made by a robot, Anatoly Aksakov, the head of the State Duma Banking Committee, said, expressing his opinion in a meeting.
Coinbase Gets a Stake in Circle; FTX's Sam Bankman-Fried Pleads Not Guilty, Again
“CoinDesk Daily” host Jennifer Sanasie dives into today’s hottest stories in crypto, as FTX founder Sam Bankman-Fried pleads not guilty to his latest indictment. The Wall Street Journal is out with a new report detailing Binance's legal risks over Russia. And, Coinbase buys a minority stake in stablecoin issuer Circle Internet Financial.
Binance Facing Additional U.S. Legal Risks by Helping Russians Move Money: WSJ
According to a new report from the Wall Street Journal, Binance is helping blacklisted Russian lenders move money through peer-to-peer transactions. A spokesperson for Binance told the publication the exchange follows global sanctions rules. "The Hash" panel discusses whether this could add on to the legal risks Binance is currently facing in the U.S.
Bitcoin Vapid, Gold Weakens as Russian Ruble and Argentinian Peso Crash
The latest crash in ruble and peso represents reveal cracks in the global market, per one observer. Still, perceived safe havens like bitcoin and gold remain under pressure.
Russia to Test Digital Ruble With Banks, Clients
The country's central bank will begin real-world tests of the digital currency with 13 banks and limited clients on Aug. 15.
Amid Sanctions, Bitcoin Mining Machines Are ‘Flowing’ Into Russia, as Industry Thrives
Mining rig makers like Bitmain and MicroBT are expanding to Russia as the U.S. market becomes saturated, sources said.
