Category: U.S. sanctions

Amid Sanctions, Russia’s Sberbank Secures License to Issue Digital Assets

A day after Ukraine legalized the use of digital assets in the country, Russia’s largest lender Sberbank secures the license to issue digital assets in the country. On Thursday, March 17, the Russian central bank said that Sberbank can now exchange digital financial assets, a move that seems to thwart the effect of U.S. sanctions. […]

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Zimbabwe Proposes Inclusion of VASPs in Its Securities Law — Move Applauded as ‘Step in Right Direction’

Zimbabwe Proposes Inclusion of VASPs in Its Securities Law — Move Applauded as ‘Step in Right Direction’

The Zimbabwean government recently revealed its intention to widen the definition of securities to include virtual asset service providers (VASPs). According to a document released by the cabinet, the proposed inclusion of VASPs into the category of defined securities will be made possible via the amendment of the Securities and Exchange Act. The Money Laundering […]

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