Tagged: central bank of russia

Mintos Shares Russia-Ukraine Crisis Impact Updates: €10.4M Recovered, Revo Case Now Closed

After “proactive” efforts to petition the Central Bank of the Russian Federation (The Central Bank), in September 2022, Revo Russia (OOO Revo Technologies MFC) obtained special permission in order “to accelerate repayment of its obligations to Mintos investors in payments larger than 10 million RUB… Read More

Moody’s: Russia Downgraded as Default Risk Rises

Moody’s has downgraded Russia’s long-term issuer and senior unsecured debt ratings to Ca from B3. Moody’s said the “outlook is negative.” Obviously, this is due to the catastrophic leadership of President Vladimir Putin and his decision to invade Ukraine and its unprovoked war with the… Read More

Russian Police Seize 22 Bitcoin ATMs from Company BBFpro

Police in Russia have seized all 22 Bitcoin ATMs belonging to the company BBFpro without warning, Russian media outlet RBC reports. Police are said to be acting on orders from the Prosecutor General’s Office, orders induced by a letter from the Central Bank of Russia… Read More

Kreditech Russia Receives MFC Status from Central Bank of Russia

Kreditech Group subsidiary, LLC MFC  Kreditech Russia, received the status of a Microfinance Company (MFC) from the Central Bank of Russia. A new federal law in Russia aims to make the microfinance market transparent and understandable and requires MFC status for all alternative lending companies operating in… Read More

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