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Russia Prepares to Create Government-Controlled Crypto Exchange


Lawmakers in Russia are drafting legislation that would allow the establishment of a “national cryptocurrency exchange,” local media unveiled. Coins now circulate outside of government oversight and the Russian state is losing budget revenues in the billions of rubles, pointed out one of...

Russian Lawmakers Want to Create a State-run Crypto Exchange


Russian lawmakers have devised a plan that could see the nation create a state-run crypto exchange. Per Vedomosti, members of the State Duma, Russia’s parliament, have “begun to develop a draft amendment” that involves “creating a national crypto exchange in Russia.”... Read More: Russian...

Report: China Suspected of Stockpiling Gold to ‘Cut Greenback Dependence’


During the first week of November, the World Gold Council’s (WGC) report that covered last quarter’s global gold demand noted that central banks worldwide purchased close to 400 tons of gold in Q3 2022. The study highlighted that it was the “most on record,” and the WGC researchers also...

These Countries Were Hit The Hardest By the FTX Collapse – Find Out Why


South Korea, Singapore, and Japan are the three countries most impacted by crypto exchange FTX's infamous implosion, with a combined 15.7% traffic share to FTX.com, said a report by Coingecko.  The methodology of the study, as explained by Julia Ng, who leads Growth Marketing & PR at CoinGecko...

Russia Could Legalize Crypto Mining by Jan 1, 2023 – As Long as This Happens


Russia may finally legalize crypto mining – after the government’s chief crypto legislation architect announced the rollout of a bill that could come into force on January 1, 2023. Speaking to RIA Novosti, the head of the State Duma’s Committee on the Financial Markets, Anatoly Aksakov, stated...

Co-Founder of Russia’s Largest Crypto Pyramid Finiko Arrested in UAE


One of the founders of Russia’s most notorious Ponzi scheme in recent times, Finiko, is in detention in the United Arab Emirates, according to a Russian media report. The close associate of the crypto pyramid’s mastermind left the Russian Federation as the scam collapsed last summer....

Russia and Cuba Eye Cryptocurrencies for Settlements Amid Sanctions


Both facing sanctions, Russia and Cuba are looking into alternative options for cross-border payments, including cryptocurrencies, a Kremlin advisor has unveiled in Havana. Moscow is already developing a mechanism for crypto settlements to circumvent financial restrictions imposed over its invasion...

Ukraine’s Deputy Digital Minister Rejects ‘FTX-Democrats Narrative’


Claims that Ukraine has invested military aid into the bankrupt crypto exchange FTX have been rebutted by a representative of the Ukrainian government. Speculation circulated on social media suggested such funds have been returning to the U.S. via FTX donations for the Democratic Party. Kyiv...

Russia’s Digital Ruble Integrated Into Banking App


VTB has become the first Russian bank to add the digital ruble to its mobile application. The integration is currently being tested with accounts set up for legal entities. Select customers will be granted access in the coming months and will be able to join the trials. VTB’s Mobile App to Support...

Russian IT Firms Lobby for Crypto Payments in Software Exports


Companies developing software solutions for foreign customers are urging Russian authorities to allow them to accept crypto payments. The proposal is part of a package of measures aimed at supporting IT exports suggested by an industry organization to the executive power in Moscow. IT Businesses...

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