Central Bank Of Russia Bans Non-Resident Trading | CryptoGazette
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The tensions of the war between Russia and Ukraine lead to dramatic changes. According to the latest reports, non-resident holders of Russian equities will not be able to liquidate their holdings, the Central Bank of Russia announced on Monday.
The bank effectively banned foreign trading hours before the market is set to open.
CoinDesk notes that non-resident traders will likely be looking to limit or eliminate their exposure to the sanctioned economy, but are going to find that impossible for the time being.
“The central bank delayed trading as it worked behind the scenes to assess the impact of the sanctions placed on the country. The currency markets opened Monday with the Ruble dropping 40% against the dollar. A decision will soon be made on whether the equities market will open for the day.”
It’s been also reported that the European Union has committed to removing Russia from interbank messaging network SWIFT, along with the U.S., U.K., and Canada.
South Korea announced on Monday that it would also ban the export of certain strategic items to Russia, along with banning its banks from transacting with Russia via SWIFT.
Efforts for Ukraine
he latest reports about the crypto markets involve the situation in Ukraine as well.
More crypto exchange executives are putting their support behind Ukraine as Russia continues its invasion of the Eastern European nation.
The online publication the Daily Hodl notes that Crypto.com CEO Kris Marszalek said that the Singapore-based digital asset exchange has made a sizeable donation to the Red Cross in support of the embattled country.
“Our thoughts are with the people of Ukraine and innocent bystanders in the ongoing conflict. Crypto.com has made a $1 million donation to the Red Cross. We urge our community to do what they can to support humanitarian efforts. ”
Stay tuned for more news.
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