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Observers Suspect an Aggressive Fed Rate Hike Next Month, Analyst Predicts Fed Will Pivot in December
21.10.2022
According to recent reports close to central bank officials, the U.S. Federal Reserve will likely deliver another interest rate hike by roughly 75 basis points (bps) next month. Moreover, markets are predicting another rise by three-quarters of a point, and CME’s Fedwatch Tool indicates there’s...
EU Antitrust Officials Are Worried About Competition in the Metaverse
19.10.2022
The European Commission has been targeting big tech firms for unfairly controlling online markets and will be looking in detail at the regulation of virtual online worlds
Metaverse Market Dominance Raises Competition Worries, EU Antitrust Officials Say
19.10.2022
The European Commission has been targeting big tech firms for unfairly controlling online markets and will be looking in detail at the regulation of virtual online worlds
Russian Companies Are Using Crypto in Trade Despite Lack of Regulation, Officials Admit
10.10.2022
With limited access to global finances, Russian businesses have begun settling in cryptocurrency with their partners abroad. Although these are still small-scale payments, government officials have noted their increase, which comes even before authorities have decided how to regulate these...
US Officials Charge California Resident With Using Bitcoin to Launder $5.3M in Drug Proceeds
7.10.2022
Federal officials alleged that John Khuu sold fake drugs for cryptocurrency, making over $5 million in the process
State Securities Regulators Object to Celsius’ Court Motion to Sell Stablecoins
30.9.2022
As Celsius’ bankruptcy proceedings continue, the court’s trustee William Harrington appointed an examiner on Thursday in order to review the company’s finances, according to a filing submitted on September 29. On the same day, state securities officials from Vermont and Texas...
Russia Said to Allow Crypto Mining in Regions With Hydroelectric and Nuclear Power
29.9.2022
Cryptocurrency mining should be allowed in areas with excess energy and prohibited in those that experience deficits, according to Russian officials preparing to legalize it. An expert from the crypto industry has recently marked the regions where Moscow is likely to authorize mining and the ones...
Indonesia to Tighten Crypto Regulation With Stricter Rules for Exchanges
23.9.2022
Indonesia is preparing to issue new rules to tighten the regulation of crypto exchanges. Under revised regulatory framework, two-thirds of crypto exchange directors must be Indonesian citizens residing in the country. Indonesia Plans to Tighten Crypto Regulation Indonesia is preparing to issue...
Russian officials approve use of crypto for cross-border payments: Report
22.9.2022
Deputy Finance Minister Alexei Moiseev said the policy describes "how to acquire cryptocurrency, what can be done with it" and its use in cross-border settlements
Binance Hires Big-Name Former Government Officials to Set Up Advisory Board
22.9.2022
Binance, the world’s largest crypto exchange by trading volume, has rounded up prominent former government officials to act as a global board of advisers as the company negotiates the regulatory and political minefield the crypto industry finds itself in
Binance Founder CZ Announces Romanian Office as Part of Regional Expansion
22.9.2022
Changpeng Zhao (CZ), founder and chief executive officer of cryptocurrency exchange Binance, has announced the opening of an office in Romania. During a visit to the country, he met with high-ranking officials and emphasized Binance’s intentions to expand direct operations in Eastern Europe....
South Korea’s Ministry of Foreign Affairs Plans to Revoke Do Kwon’s Passport: Report
15.9.2022
According to local reports stemming from South Korea, the country’s foreign ministry is looking to invalidate the co-founder of Terraform Labs Do Kwon’s passport. The story was published the day after it was reported that Seoul’s Southern District Prosecutors Office issued...
Digital Euro Must Be Green, Private, And Possibly Capped, National Officials Say
15.9.2022
A leaked paper written by France, Germany and Italy, seen by CoinDesk, seeks to guide the European Central Bank’s plans for the digital currency
Russian Businesses to Choose Which Crypto to Use for Cross-Border Settlements, Lawmaker Says
14.9.2022
Russian companies may start transacting in cryptocurrency with partners abroad as early as next year and will be free to pick the coin they want to use, officials in Moscow have indicated. The sanctioned country is preparing to legalize foreign trade settlements with digital assets and this could...
Digital Euro to Focus on Personal Use, Not Web3, EU Officials Say
7.9.2022
The central bank digital currency could fail if it doesn't offer something more than cash and credit cards do, industry representatives remarked
IMF: Crypto Assets Become More Mainstream as Hedges Against Weak Currencies, Potential Payment Instruments
6.9.2022
The International Monetary Fund (IMF) published a report stating that crypto assets have gained a “more mainstream presence as speculative investments, hedges against weak currencies, and potential payment instruments.” The IMF has called for a global response to crypto regulation...
Russian Arrested for Defrauding Buyers of Mining Hardware Worth Over $300,000
5.9.2022
Police in the southern Russian city of Astrakhan have detained a man accused of defrauding people who wanted to purchase crypto miners. Law enforcement officials say the suspect made millions of rubles through fictitious sales of mining devices to Russian citizens and foreigners. Investigators...
Ukraine Blocks Crypto Wallet Used to Raise Funds for Russian Forces
24.8.2022
The law enforcement and counter-intelligence agency of Ukraine has managed to seize the funds in a cryptocurrency wallet used to finance the Russian military campaign in the country. Officials in Kyiv claim that money collected through the wallet has been spent on military equipment for...
IMF Sees Significant Increase in Correlations Between Bitcoin and Asian Equity Markets
23.8.2022
Officials at the International Monetary Fund (IMF) say that the correlation between the performance of the Asian equity markets and crypto assets such as bitcoin and ethereum has increased significantly. IMF Staff on Crypto and Correlation to Asian Equities The International Monetary Fund (IMF)...
Dutch Law Enforcement Arrests Suspected Tornado Cash Developer in Amsterdam
12.8.2022
According to a statement from the Dutch Fiscal Information and Investigation Service (FIOD), law enforcement officials in Amsterdam arrested an unnamed 29-year-old suspected of developing the ethereum mixing application Tornado Cash. FIOD accuses the suspect of “concealing criminal financial...