Local users in Russia can now deposit money on a crypto exchange using Mastercard and Visa cards issued within the country, after more than a year of being prohibited from doing so during wartime.
The President of the Blockchain Association of Ukraine said, 'Right now, museums and other cultural sites are being destroyed by rockets.'
According to a high-ranking official from Russia's finance ministry, authorities are considering the use of digital currencies for foreign payments. Cryptocurrency may be used in barter dealings with overseas partners if it is recognized as property, he said.
Anonymous, a hacktivist collective, is accused of breaking into the systems of Sberbank, one of Russia's largest financial institutions. On social media, the attackers declared that they had exposed tens of thousands of emails, phone numbers, and addresses.
Failure to enforce sanctions against Russia in accordance with the larger financial services industry will cost the crypto sector dearly.
Shakhtar Donetsk, one of Ukraine's most popular soccer teams, will offer a collection of non-fungible tokens (NFTs). The team plans to auction off numerous autographed jerseys to generate money for Ukrainians affected by Russia's continuing conflict.
The central bank of Ukraine has imposed new limitations on foreign transactions, making it impossible for Ukrainians to buy crypto assets overseas using national currency. The sanctions are aimed at reducing financial outflows in the midst of a military standoff with Russia.