Reuters: Russians are massively selling cryptocurrency in the UAE
Some Russian investors have started buying real estate in the Emirates for digital assets
13.03.2022 - 07:30
574
1 min
0
What’s new? Cryptocurrency companies in the United Arab Emirates have seen a large number of requests from Russians. The director of an unnamed crypto firm in Dubai told Reuters that they have received several requests from Swiss brokers to liquidate digital assets in recent days. The clients of these brokers are concerned that their accounts may be blocked and are asking for their digital assets to be converted to fiat currency.
What else is known about this situation? Reuters’s source claims that all requests for the sale of cryptocurrency come for at least $2 billion.
“We’ve had like five or six in the past two weeks. None of them have come off yet, but we’ve never had this much interest. We have one guy, who came through a broker and requested to sell 125 000 BTC. He wants to sell the coins and transfer the funds to Australia.”
It has also come to light that Russian investors have started using cryptocurrency to buy real estate in the Emirates.
The other day, the European Union included cryptocurrencies in a new package of sanctions against Russia. Some centralized exchanges have imposed a number of restrictions on users from Russia. Coinbase has blocked some 25 000 users believed by the platform to be linked to illegal activities.
Useful material?
Telegram 
Twitter Incidents
The company is linking the incident to a compromised private key on a service wallet, rather than a smart contract exploit
May 22, 2026
Incidents
Following the incident, the project temporarily halted trading operations and node activity.
May 15, 2026
Incidents
The user spent weeks unsuccessfully trying to guess the password until Claude helped find an old wallet backup file
May 14, 2026
Crypto regulations
Authorities are introducing mandatory registration for companies handling cross-border crypto transactions
May 8, 2026
Incidents
According to Blockaid, the attack may have been carried out by the same hacker behind the 1inch Fusion V1 exploit.
May 7, 2026
Incidents
The attacker gained administrative access and altered contracts to drain user funds
Apr 30, 2026
Cryptocurrency rates
-
Bitcoin
$63 661
BTC
-1.78%
-
Ethereum
$2 551.16
ETH
+3.56%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.17
XRP
-3.29%
-
TRON
$0.160134
TRX
-1.59%
-
Dogecoin
$0.087859
DOGE
-4.43%
-
Zcash
$466.01
ZEC
-25.24%
-
Stellar XLM
$0.201432
XLM
-4.72%
-
Cardano
$0.18158
ADA
-10.27%
-
Polkadot
$3.32
DOT
+5.27%