ChainFabricNews

Image source: Bitcoinworld  In recent years, global sanctions have made it harder for Russia to engage in international trade, especially in the oil sector. But instead of slowing down, Russia is finding creative ways to keep business flowing — and one of the most surprising moves is its growing use of cryptocurrency. Let’s break down what’s happening and why it matters. Why Is Russia Turning to Crypto? Since the beginning of the conflict in Ukraine, Western countries have imposed heavy sanctions on Russia. These sanctions have blocked Russian banks from using global systems like SWIFT and limited the country’s access to U.S. dollars — the standard currency for most international oil transactions. To work around these restrictions, Russia has started using digital currencies like Bitcoin, Ethereum , and Tether (USDT) for oil trade deals, particularly with countries like China and India . Here’s how a typical deal works: A buyer in China or India pays in their local curren...

  Image source: The Indian Express After a long pause, Coinbase—the largest crypto exchange in the United States—is officially making a comeback in India. The company recently registered with the Financial Intelligence Unit (FIU) of India, clearing a major regulatory hurdle that allows it to offer crypto services again in the country. This marks a big moment for crypto investors and enthusiasts across India. For many, Coinbase’s return brings fresh hope for more global-level innovation, better user experience, and potentially fairer crypto prices. Why Did Coinbase Leave India in the First Place? Coinbase first entered the Indian market in April 2022 with big plans. It even launched support for UPI payments, a popular method among Indian users. But that dream didn’t last long. Soon after launch, the National Payments Corporation of India (NPCI) publicly stated that it wasn’t aware of any crypto exchanges officially using UPI. That created regulatory confusion, and Coinbase was force...

Image source: Euronews.com In a move that could change the way people invest in digital currencies, the UK’s Financial Conduct Authority (FCA) has proposed a new rule to ban the use of borrowed money—like credit cards and personal loans—for buying cryptocurrencies. Why? Because more and more people are diving into the crypto market using debt, and the risks are piling up. According to the FCA, the number of retail investors using borrowed funds for crypto jumped from 6% in 2022 to 14% in 2023. That’s a big leap. And while crypto can offer exciting opportunities, it’s also highly unpredictable. Using borrowed money in such a volatile market can be dangerous, especially for people who may not fully understand what they’re getting into. The FCA says this kind of behavior resembles gambling more than investing. With prices swinging wildly from day to day, even experienced traders can suffer big losses—let alone everyday folks using credit to chase profits. If this proposal is approved, it ...