Contents tagged with Zolotaya Korona
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Kazakh banks sever ties with sanctioned Russian payment system Zolotaya Korona
In an unexpected move, several major Kazakh banks, including HalykBank, Bank RBK, and Eurasian Bank, have suspended transactions through the "Zolotaya Korona" payment system. The abrupt suspension of transactions comes "for technical reasons," according to a report from Russian news agency TASS on Thursday.
Freedom Bank was the pioneer in this wave of suspensions, citing "technical work" as the reason for halting operations with the payment system. The bank emphasized that future steps will be …