Money Transfers

ForkLog 44 29.07.2025

Cashinout Introduces Euro Cash Withdrawals via Ria Money Transfer

The fintech service Cashinout has launched a euro cash withdrawal service through the Ria Money Transfer network. This option, available in 14 European countries, targets tourists, expatriates, and crypto investors, according to a press release. Users can convert Bitcoin, Ethereum, and other digital assets into euros for subsequent cash withdrawal. The service is available in […]

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ForkLog 28 19.12.2024

Ukrainian Financial Institutions Endorse P2P Transfer Restrictions

A memorandum imposing restrictions on outgoing transfers without documented sources of funds has been joined by 23 Ukrainian banks and two payment systems, according to a report from the Association of Ukrainian Banks (AUB). In addition to financial companies NovaPay and RozetkaPay, the signatories include: Ukreximbank; Ukrgasbank; KRISTALBANK; Globus Bank; MTB Bank; Radabank; Idea Bank; […]

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ForkLog 26 10.12.2024

Ukrainian Banks Tighten Limits on Outgoing Transfers

Ukraine’s largest banks have signed a memorandum imposing restrictions on outgoing transfers without documentary proof of income, according to RBC-Ukraine. The new rules have been approved by monobank, Oschadbank, OTP Bank, PrivatBank, PUMB, Raiffeisen Bank, Tascombank, and Universal Bank. The memorandum remains open for further signatories. For high-risk clients, the limit is set at 50,000 […]

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ForkLog 6 01.08.2023

In Ukraine, a Russia-linked network of underground bitcoin exchanges has been shut down.

Authorities in Ukraine shut down a network of underground cryptocurrency exchanges that operated with Russian payment systems.

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ForkLog 10 19.07.2023

Shinhan Bank and Hedera test cross-border payments via stablecoins

South Korea's Shinhan Bank has successfully completed a proof of concept for using stablecoins for international money transfers. Hedera Hashgraph served as the base for the experiments.

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ForkLog 12 12.12.2022

Lightning Network Used for Money Transfers Between Europe and Africa

British cryptocurrency exchange CoinCorner has enabled users to send fiat transfers from the UK and the EU to Africa, using Bitcoin and the Lightning Network.

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ForkLog 9 05.10.2022

Russian firms increasingly use cryptocurrencies for cross-border settlements amid sanctions

Russian companies are already conducting cross-border settlements using cryptocurrencies, although regulation of such transactions has not yet come into force.

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uskoryayushhei-sya-fragmentatsii-mirovogo-interneta

ForkLog 5 03.10.2022

Russia weighs lifting restrictions on cross-border crypto settlements

The Russian Ministry of Finance wants to permit international settlements in cryptocurrencies across all sectors without restrictions.

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ForkLog 4 13.09.2022

Russia proposes adding cryptocurrencies to the Civil Code

Russia proposes to legalise cross-border cryptocurrency transactions in 2023, though this would require amendments to the Civil Code.

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ForkLog 5 07.02.2022

Banks to tighten oversight of Russians’ transfers under crypto-regulation roadmap

As part of the government's roadmap for regulating the cryptocurrency industry, Russian banks will tighten oversight of clients' money transfers by the end of November.

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ForkLog 7 15.11.2021

Nova Poshta comments on rumours of plans to offer cryptocurrency transfers

The Ukrainian company Nova Poshta plans to diversify its activities and begin offering a range of financial services, but there is no talk yet of cryptocurrency transfers. This was stated by company representatives in a ForkLog comment.

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ForkLog 8 16.09.2021

British payments firm to expand Latin American business with RippleNet

The British payments company Paydek is leveraging technology from fintech firm Ripple to speed up cross-border transfers to Latin American countries.

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#Money Transfers