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Russian Tax Body Suggests Allowing Crypto Pay in Trade Deals, Digital Ruble May Be Ready by 2023
22.4.2022
The Russian tax agency reportedly wants to allow companies involved in cross-border trade to accept crypto as a form of payment – and pay foreign exporters in cryptoassets. And the Central Bank has claimed that its digital ruble could be ready as soon as next year....
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Binance Limits Services to Russian Users to Comply With EU Sanctions
22.4.2022
Following the latest round of EU restrictions against Russia, digital asset exchange Binance is limiting services to Russian clients. The company pledged to lead the industry in implementing the sanctions and urged all major trading platforms to follow. Crypto Exchange Binance Cuts Services...
IMF Official: Regulating Crypto Assets Is High on the Agenda for India
22.4.2022
A director at the International Monetary Fund (IMF) says that crypto regulation is “certainly high on the agenda” for India. “We are trying to come up with global standards for #crypto asset regulations. I think that’s important for India to also adopt,” said...
Tesla Hodls Bitcoin: Balance Sheet Shows $1.26B in Digital Assets
22.4.2022
Elon Musk’s electric car company, Tesla, is hodling bitcoin. The company’s balance sheet shows $1.261 billion in digital assets. Tesla has neither purchased nor sold any crypto assets since the first quarter of last year. Tesla Continues to Hodl Bitcoin Tesla released its earnings...
OCC issues order against Anchorage Digital over AML compliance
22.4.2022
The bank hinted that the OCC’s actions might help establish a regulatory precedent that could encourage other firms in the space to set up federally regulated digital asset banks
Sonic Origins Has Some Of The Dumbest DLC I Have Ever Seen
22.4.2022
Were you excited yesterday by the announcement of Sonic Origins, a modern remake of four classic Sonic games? You might want to pump your brakes, then, because this game has some of the dumbest DLC and preorder exclusivity I have ever seen.Read more
Chinese Man Uses Digital Yuan to Pay Court-issued Fine in Legal First
22.4.2022
Chinese media outlets have been reporting on a new first for the digital yuan – with the central bank-issued token used to pay a court-issued fine for the first time.
Per Chinaqw, on April 19, a man surnamed Wei, the plaintiff in a motor vehicle traffic accident liability dispute case, had been...
Wildlife conservation efforts turn to NFT-funded initiatives
21.4.2022
Coorest and the PLCnetwork of the Southern Hemisphere believe that blockchain and NFT technology are a solution for protecting endangered wildlife and funding costly conservation areas
OCC Finds Anchorage Digital Failed to Maintain Proper AML Rules
21.4.2022
The Bahamian government hopes to allow residents to pay taxes with digital assets in 2022
21.4.2022
“We have a vision to transform The Bahamas into the leading digital assets hub in the Caribbean,” said Philip Davis, prime minister of the Bahamas
Bahamas to Allow Citizens to Pay Taxes With Digital Assets
21.4.2022
The government of Bahamas released a white paper detailing the future of its digital-asset sector and saying it will let citizens pay taxes with crypto
US Sanctions Bitriver, Targets Russia’s Crypto Mining Potential
21.4.2022
In an attempt to deny Russia opportunities to evade sanctions through cryptocurrencies, the U.S. Department of the Treasury has sanctioned leading Russian mining firm Bitriver. The move comes amid concerns that Moscow may use the minting of digital coins to monetize its energy resources. Zug-Based...
Russian central bank needs to ease up digital asset projects, governor says
21.4.2022
Elvira Nabiullina is concerned about the Bank of Russia not treating digital asset projects softly enough to attract funding and maintain the economy
Belarus Adopts Legal Procedure for Seizure of Illicit Cryptocurrency
21.4.2022
Implementing a recently signed presidential decree, the government of Belarus has introduced a procedure allowing the state to seize digital currency holdings. The move will grant law enforcement authorities in Minsk powers to seize crypto assets linked to illegal activities. Justice Ministry...
Co-Founder of Zimbabwean Fintech Startup: ‘Everyone Has a Right to Access Funds and Financial Freedom’
21.4.2022
Cryptocurrencies have been proven to be a financial tool that can be used to store value or make payments by those excluded from the financial system. Yet, despite this being true in many jurisdictions, many of those that might benefit from cryptocurrencies are still not using them. Regulatory...
German banking giant Commerzbank applies for crypto license
21.4.2022
A spokesperson for Commerzbank confirmed to local media that it applied for the license with BaFin earlier this year in a first for a major bank in Germany
Bitcoin Miner Bit Digital Files to Raise Up to $500M in Equity
21.4.2022
The proceeds will be used for capital expenditures, buying new mining equipment and other potential acquisitions
FCA veteran becomes interim head of financial regulator's digital assets unit
20.4.2022
Victoria McLoughlin will be responsible for supervising crypto firms based in the U.K. as well as supporting development of a regulatory framework in line with government policy
The metaverse puts the digital asset interoperability challenge on steroids
20.4.2022
So many metaverses, so little interoperability: The isolation of different metaverses from each other might be the main challenge to overcome to gain mass adoption
FCA Names Interim Head for Digital Assets Unit
20.4.2022
The U.K.'s Financial Conduct Authority appointed Victoria McLoughlin as interim head of its digital assets department