Money

Do Crypto exchanges still in Russia risk long-term damage?

Published

2 years ago

March 17, 2022

There are fresh warnings for crypto exchange platforms continuing to operate in Russia as Western nations further isolate Moscow from the rest of the world

The head of the London Stock Exchange Group says this is a “watershed moment” for digital coin companies, who could face long-term damage if they don’t pull out of the nation now.

Unlike traditional payment organisations, most crypto platforms are rejecting calls to cut off Russian users altogether.

Both US and European lawmakers fear this could lead to digital coins being used as a way for Russia’s elite to dodge current economic sanctions.

If the industry continues to allow exchanges in Russia, experts warn it may have a long-term impact on how the industry is perceived.

Crypto exchanges face a “fork in the road” and must either embrace independence from regulation or align more closely with the current global financial system.

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William Howard

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

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Why the meme-stock frenzy is unlikely to repeat

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Why are airlines after the Biden Administration?

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May 14, 2024

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Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

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The mounting pressure on Government spends

Published

7 days ago

May 13, 2024

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Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending