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Another Headache for Bitcoin Miners in Central Asia as Three Countries Hit With Blackouts
25.1.2022
Three of the Central Asian countries — Kazakhstan, Uzbekistan, and Kyrgyzstan — have been hit by a power blackout after Kazakhstan’s North-South power line was disconnected due to “emergency imbalances.”...
Read More: Another Headache for Bitcoin Miners in Central Asia as Three Countries...
Crypto Ban Proposed by Bank of Russia Met With Opposition in Parliament, Government
25.1.2022
The central bank’s push for a restrictive policy regarding cryptocurrencies is not gaining support among members of the Russian government, legislature, or law enforcement. A blanket crypto ban, as proposed by the bank, would make a laughingstock of Russia, lawmakers have warned. Bank...
Top Russian MPs Dismiss Central Bank’s Calls for a Crypto Ban
25.1.2022
The Russian political talk shop is open – or at least it is for crypto, with many leading lawmakers hitting back at the Central Bank’s calls last week for a blanket ban on cryptoassets and token mining....
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Oman Invites Bids From Firms Interested in Creating Regulatory Framework for Virtual Assets
25.1.2022
Authorities in the Middle Eastern state of Oman have asked specialized companies, interested in helping the country set up a regulatory framework for virtual assets, to submit their proposals. Interested companies need to submit their proposals no later than March 23, 2022. Process Divided Into...
S Korean Presidential Candidates Manifestos Issued as NFTs; Crypto Enters National Statistics
25.1.2022
The manifestos of South Korea’s main presidential candidates have been released as non-fungible tokens (NFTs) – as the nation’s March general election takes yet another crypto-flavored turn and Statistics Korea makes a crypto move....
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Law Decoded: When central banks seek public discussion, Jan. 17–24
24.1.2022
As the Federal reserve releases its position paper on CBDCs, the Russian Central Bank instigates yet another crypto ban scare
Bank of Korea completes first phase of digital currency pilot
24.1.2022
The second phase of the CBDC mock testing is expected to complete by June this year
No Developed Nation Bans Cryptocurrencies, Telegram Founder Pavel Durov Warns Russia
24.1.2022
Pavel Durov, founder of the messaging app Telegram, has criticized Bank of Russia’s proposal to impose a blanket ban on a range of crypto-related activities. Such move would stifle high-tech development and chase away blockchain specialists, Durov says. Durov Speaks Out Against Bank...
Vibe killers: Here are the countries that moved to outlaw crypto in the past year
23.1.2022
From Bolivia to China, governments sought to restrict crypto-related activity for various reasons and with different tools
Bastyon Inventor Daniel Satchkov Explains the Importance of Using an Open Source Social Media Platform
23.1.2022
Bastyon.com is a social platform built on the Bitcoin foundation. It is decentralized with no central serve. Bastyon’s codebase is open source, and everything is governed by the users themselves. Bastyon’s core concept is censorship resistance. It can work even with domains...
Decentralized and traditional finance tried to destroy each other but failed
23.1.2022
Crypto to prevail over the traditional financial system, instead, competing industries started to adopt each other's technologies and cooperate
New Payment System Seeking to Bolster Intra-African Trade Goes Live
22.1.2022
A new continent-wide payment system that seeks to strengthen African fiat currencies, as well as to boost intra-Africa trade, recently went live. Discussions about onboarding more African countries are still ongoing. SMEs the Main Beneficiaries of the Payment System A new African payment system...
Russian Banks Begin Testing Digital Ruble Payments
22.1.2022
Banks in Russia are preparing to dive into the pilot phase of the digital ruble project and some are already testing transactions with the currency. Trials have started with customer-to-customer (C2C) payments and Bank of Russia plans to expand the types of operations in the future. Digital Ruble...
Iran to Pilot ‘National Cryptocurrency,’ Considers Blockchain Tech for Stock Market
22.1.2022
The Central Bank of Iran soon plans to launch the pilot phase of its digital currency project, an official unveiled. The Islamic Republic hopes to a join a growing club of nations that want to take advantage of having a sovereign coin, while it also seeks to implement blockchain technology in other...
Botswana Cryptocurrency Regulation: Government Set to Present Virtual Asset Bill to Parliament
22.1.2022
The Botswana government is set to present a “Virtual Asset Bill” to the country’s parliament, a move that could see it become one of the first countries in Africa to have laws regulating cryptocurrencies. Preventing the Proliferation of Risks Associated With Cryptos A Botswana...
Indonesian Religious Organization Issues Decree Forbidding Use of Crypto by Country’s Muslim Population
21.1.2022
Indonesia’s Tarjih Council and the Central Executive Tajdid of Muhammadiyah have issued a fatwa (decree) stipulating the illegality of cryptocurrency use or investment by the country’s Muslims. The fatwa points to the volatility as well as the lack of state backing as reasons...
IMF Warns of Dangers of Fed’s Rate Rise, Brazil Says Inflation ‘Won’t Be Temporary in West’
21.1.2022
Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), has warned that the Federal Reserve (Fed)'s next interest rate hike could “throw cold water on nations with high levels of dollar debt” – and their recovery from the COVID-19 pandemic’s economic...
Bank of Russia to Monitor Banks’ Dealings With Crypto Exchangers
21.1.2022
The Central Bank of Russia has started to examine the operations of Russian banks with cryptocurrency exchangers, according to local media. Transactions between individuals through these platforms are of particular interest as the regulator believes these carry risks of financial losses and fraud....
Laos Licenses 2 Cryptocurrency Trading Platforms
21.1.2022
The central bank of Laos has issued licenses to two cryptocurrency trading platforms. Lao Digital Assets Exchange (LDX) and Bitqik are now the only two licensed entities that can offer full brokerage and trading services in cryptocurrencies and other digital assets in the country. 2 Cryptocurrency...
Bank of Russia Proposes Wide Ban on Cryptocurrency Use, Trade, Mining
21.1.2022
True to its hardline stance on decentralized digital money, the Central Bank of Russia is now pushing for a wide-ranging ban on crypto-related activities such as issuance, exchange, and mining. A consultation paper published by the regulator cites threats to financial stability and citizens’...