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Crypto Payments May Not Help Russia Bypass Sanctions, Experts Say


Russia is preparing to authorize international crypto payments but people involved in the industry doubt this would allow the country to circumvent sanctions. At the same time, the United States has been tightening the noose, recently targeting the use of cryptocurrencies to dodge the financial...

Could Hong Kong Monetary Authority Launching CBDC Help Digital Yuan Go Global?


The Hong Kong Monetary Authority (HKMA), the territory’s de facto central bank, is aiming to launch trials of the e-HKD, its central bank digital currency (CBDC), in the fourth quarter of this year. If successful, the initiative could facilitate the global rollout of the digital yuan, China’s CBDC...

South Korean Prosecutors Turn to Interpol for Help in Hunt for Do Kwon


Source: Screenshot/YouTube/Coinage South Korean prosecutors continue to turn up the heat on the Terraform Labs co-founder Do Kwon – and have asked Interpol to issue the man they now call a “fugitive” with a red notice. Newsis reported that the Seoul Southern District Prosecutor’s Office’s...

Working Group to Develop Efficiency Standard for Crypto Mining in Russia


Crypto industry experts have formed a working group to draft a standard for energy-efficient and profitable cryptocurrency mining in Russia. The rules will aim to help developers and data center operators offer investors increased hardware uptime. Russia Prepares to Improve Efficiency of Mining...

ECB Chooses Amazon and 4 Other Companies to Help Develop Digital Euro


The European Central Bank (ECB) has selected five companies to help develop user interfaces for a digital euro. Each company will work with the ECB and focus on one specific use case of the digital euro. Amazon has been chosen to focus on e-commerce payments. ECB Collaborates With 5 Companies...

Nigerian Blockchain Startup Bitmama Closes $2 Million Pre-Seed Round


After raising $1.65 million via a pre-seed extension, Bitmama, a Nigeria-based blockchain startup, has now closed its pre-seed funding round at $2 million, a report has said. Leading the funding round were two Africa-focused venture capital firms: Unicorn Growth Capital and Launch Africa....

IMF Bailout Could Be in UK’s Future, Says Strategist


Mizuho Securities’ head of global macro strategies has warned that an IMF bailout may be in the U.K.’s future. Moreover, a former chancellor of the exchequer cautioned that Britain is entering a long and severe recession, emphasizing that it’s “the worst since 1990...

Ripple to Participate in the Digital Dollar Project’s CBDC Sandbox Program


The non-profit organization promoting the creation of the digital dollar, the Digital Dollar Project, has announced the launch of a sandbox program to kickstart the probe of the technical implementations of the envisaged digital currency. The fintech firm Ripple is among the four participants that...

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