Binance announced that Turkey was chosen for the first such center because of the high volume of traffic, which the exchange captures in this jurisdiction. According to Similarweb, Turkey accounts for about 7% of Binance’s visitors.
Russia could sell energy resources to “unfriendly countries” for rubles and gold, and for “friendly countries” to transfer payments in their national currencies and, if possible, sell for bitcoins, said the head of the State Duma Committee on Budget Pavel Zavalny.
Current FATF recommendations on the regulation of cryptocurrencies and cryptocurrency service operators require companies to identify the recipient of a payment exceeding €1,000. National governments in the European Union have proposed abandoning the lower limit when extending the rules to cryptoassets, as large transactions can be broken down into smaller ones – a practice known as “smurfing”.
Russia could sell energy resources to “unfriendly countries” for rubles and gold, and for “friendly countries” to transfer payments in their national currencies and, if possible, sell for Bitcoins, said the head of the State Duma Committee on Budget Pavel Zavalny.
Employees of the Federal Security Service and the Ministry of Internal Affairs conducted a successful operation to detain the Russians who founded a financial pyramid scheme.
Bitcoin is an “excellent” alternative to fiat for residents of countries with ineffective monetary policies. Mike Novogratz, founder of cryptocurrency bank Galaxy Digital, said this in an interview with CNBC.
Researchers at the cryptocurrency exchange KuCoin conducted a survey among Turkish residents. It turned out that against the backdrop of the falling value of the Turkish lira and high inflation, the demand for digital assets in Turkey is growing.