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Bank of Russia to Test International Crypto Payments With Companies
21.12.2022
The Central Bank of Russia plans to use cryptocurrency for cross-border payments in trials with private companies, a member of its top management has revealed. The testing will be conducted under a special legal regime that’s currently under development. Russia’s Central Bank to Explore Crypto...
Coinbase CEO: Regulate centralized actors but leave DeFi alone
20.12.2022
Armstrong said that because centralized exchanges and custodians have the most risk of causing consumer harm, regulators must focus there first and foremost
Indian Government Updates Parliament on Cryptocurrency Bill and Investigations of Crypto Exchanges
20.12.2022
The government of India has provided some updates on its cryptocurrency bill and investigations of crypto exchanges in Lok Sabha, the lower house of India’s parliament. “Crypto assets are by definition borderless and require international collaboration to prevent regulatory...
Donald Trump Trading Card NFTs Skyrocket in Value Despite Being Mocked for His ‘Major Announcement’
18.12.2022
After the former 45th president of the United States, Donald Trump revealed his non-fungible token (NFT) trading card collection, Trump’s NFTs sold out within hours after the announcement. Statistics from Opensea, three days after the sale, show that the Trump NFT trading card...
Ghanaian Cedi Appreciates by More Than 30% in 4 Days — Currency Recovery Follows IMF Loan Announcement
18.12.2022
Just a few months after it became the world’s worst-performing currency, the Ghanaian cedi’s exchange rate versus the U.S. dollar bounced back from just over 14 units per dollar on Dec. 1, to 8 units for every dollar by Dec. 16, new data has shown. The currency’s resurgence...
G20 Countries to Build Crypto Policy Consensus for Better Global Regulation
18.12.2022
The G20 countries aim to build a policy consensus on crypto assets for better global regulation. “After the crypto meltdown which we have seen recently, it is clear that we need internationally agreed standards on regulation,” said the International Monetary Fund (IMF)’s deputy...
UNHCR Launches Blockchain Payment Solution to Support Ukrainians Displaced by War
17.12.2022
The United Nations High Commissioner for Refugees (UNHCR) recently said it has launched a blockchain payment solution for digital cash distribution to internally displaced persons (IDPs) in Ukraine. According to the agency, the use of the blockchain-based cash distribution system ensures the funds...
$1.6B FTX International Customers Group Hires Law Firm to Create Official Bankruptcy Committee
13.12.2022
There is “irreconcilable conflict" between the interests of FTX's international customers and those of other creditor groups, said Eversheds Sutherland Partner Sarah Paul
Bahamian attorneys pursue access to FTX data of international customers
10.12.2022
The Bahamian attorneys filed an emergency motion with a Delaware bankruptcy judge requesting access to FTX’s customer database to aid their ongoing investigations
Failed FTX Rescue Attempt Revealed, Putin Calls for Digital Currency Settlements — Week in Review
4.12.2022
Shark Tank star Kevin O’Leary has revealed his and Sam Bankman-Fried’s failed attempt to raise $8 billion to rescue the now collapsed crypto exchange FTX. In other news, Russian president Vladimir Putin has called for international settlements based on digital currencies. All this...
Ukraine collabs with international consultants to update crypto framework
2.12.2022
The Advisory Council on the Regulation of Virtual Assets held its first meeting, dedicated to adjusting the National Tax Code to the crypto market
US Prosecutors Charge 21 Alleged ‘Money Mules’ With Using Crypto to Launder Proceeds of Cybercrimes
30.11.2022
Prosecutors in Texas have slapped 21 U.S. citizens with an assortment of criminal charges for allegedly helping various transnational criminal rings launder their ill-gotten gains using cryptocurrency
Blockchain-based supply chain platform canned by IBM and Maersk
30.11.2022
Although the TradeLens platform will officially go offline in Q1 2023, Maersk said it's not given up its effort to digitize the supply chain industry
Salvadoran Group Files Lawsuits Against President Nayib Bukele on Lack of Transparency in Bitcoin Purchases
28.11.2022
Cristosal, a Salvadoran nonprofit human rights organization, has filed three lawsuits related to President Nayib Bukele’s management of public funds to purchase bitcoin. The processes are being run before several national and international bodies, and call for the government to offer...
Alameda Withdrew $204M in Crypto From FTX US Days Before Exchange Collapsed
28.11.2022
Alameda Research reportedly withdrew the most funds from FTX US, the U.S. arm of FTX, days before the crypto exchange filed for bankruptcy. The majority of the withdrawn cryptocurrencies were sent to wallets owned by FTX International, “suggesting that Alameda may have been operating...
Putin calls for blockchain-based international payment system
27.11.2022
The Russian President criticized Western's sanctions and urged for a system "independent of external interference"
Putin Calls for International Settlements Based on Blockchain and Digital Currencies
27.11.2022
Russian President Vladimir Putin believes a new system for international money transfers is needed to reduce dependence on big banks and third parties. He is convinced that cross-border payments relying on digital currency and distributed ledger technology will be “much more convenient.” Russia’s...
International Monetary Fund Calls For Increased Regulation of African Crypto Markets, Says ‘Risks From Crypto Assets are Evident’
25.11.2022
The International Monetary Fund (IMF) has called on African countries to opt for more crypto regulations citing the recent collapse of cryptocurrency exchange FTX.
In a November 22 blog, the financial agency, which works to achieve sustainable growth and prosperity for all of its 190 member...
Shopping․io Integrates DINO LFG Enabling $DINO for E-Commerce Shopping
25.11.2022
PRESS RELEASE. Shopping.io announced their partnership with DINO LFG. DINO holders can now use their $DINO token for online purchases from major retailers like Amazon, eBay, Etsy, and Walmart. Shopping.io is known for allowing holders to spend their crypto effortlessly on global eCommerce websites...
IMF Blog: Better Regulation of Africa’s Growing Crypto Market Urgently Needed
24.11.2022
A well-regulated African cryptocurrency market is needed in order to protect users as well as help countries stop bad actors from using digital assets to circumvent capital controls, the latest post on the IMF blog has said. The blog post reiterated the IMF’s belief that risks to a country...