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Nalezeno "Citizens": 334

Russians Turned to Tether During Wagner Revolt

27.6.2023
Russian citizens sought refuge in tether amid the brief mutiny of the Wagner mercenary group that shook their country. The ruble-denominated trading volume of the U.S. dollar-pegged stablecoin spiked during the short-lived rebellion, market data revealed. Russians Traded Millions of Dollars’...

IMF Economists Say Countries Should Address Crypto Demand Drivers Instead of Banning

23.6.2023
The International Monetary Fund’s (IMF) economists have cautioned that banning cryptocurrency “may not be effective in the long run.” Instead of outlawing crypto, they suggest countries should address “the drivers of crypto demand, including citizens’ unmet digital payment needs.”...

China Warns Citizens of Consequences for ‘Facilitating’ Crypto Trades

23.6.2023
A Chinese ministry has warned citizens of the severe consequences of “facilitating” crypto transactions on behalf of other people. The nation has exacted two sweeping crackdowns on crypto, one in 2017, and the other in 2021. The first crackdown mainly targeted crypto exchanges, forcing most...

Right to Pay With Cash Enshrined in Constitution of Slovakia Amid Digital Euro Fears

21.6.2023
A member of the eurozone is amending its constitution in order to guarantee citizens the right to cash payments. The move comes amid growing fears that a digital version of the common European currency may eventually become the only means of payment in the eurozone, despite currently being touted...

Russia’s Largest Bank to Allow Retail Investors to Trade Digital Assets

10.6.2023
Majority state-owned lender Sberbank is preparing to allow Russian citizens to buy and sell digital assets. Private individuals will be provided access to its proprietary blockchain platform as early as this month, a top executive of the bank announced. Sberbank to Open Digital Assets Platform...

HK Police Launch CyberDefender to Help Protect Citizens in the Metaverse

28.5.2023
The Hong Kong Police Force has launched CyberDefender, a new metaverse platform aimed at educating the public about the potential dangers associated with Web3 and the metaverse. The platform, developed by the Cyber Security and Technology Crime Bureau (CSTCB), was created to prepare Hong Kong...

Putin Wants Limit on Currency Purchases for Russians Dealing With Foreigners

24.5.2023
Russian citizens and firms doing business abroad may soon be restricted in the amount of foreign currency they are allowed to acquire, on order from Vladimir Putin. Russia’s head of state now wants his government to cap such purchases on the domestic forex market. President Putin Orders Russian...

Inflation and Anguish: Outraged Lebanese Depositors Continue to Riot Against Financial Institutions

15.5.2023
Amid Lebanon’s financial crisis, significant demonstrations have erupted in Beirut targeting financial institutions. Outraged Lebanese depositors, witnessing their savings vanish, have resorted to smashing bank windows, setting fires, and engaging in riots. Simultaneously, leaders...

Canada's central bank asks citizens what they want in a digital dollar

9.5.2023
Canadians are being asked what features they wish to see in a digital Canadian dollar even though there are no plans yet to issue one

New Report: Despite Crypto Ban, Chinese Citizens Trade on Binance and FTX Exchanges

8.5.2023
Beijing has said 'no' to crypto, but that doesn't seem to affect a number of Chinese citizens who have continued trading digital coins since the ban - reportedly, on exchanges including Binance, FTX, OKX, and Huobi. According to a Bloomberg report, some portion of the country's 1.4 billion...

Zimbabwe Central Bank Wants Citizens to Subscribe to Its Gold-Backed Digital Currency

5.5.2023
The Reserve Bank of Zimbabwe has said the tokens will be issued by May 8

Arkansas Makes Gold, Silver Legal Tender; 23 States Involved in Similar Legislation to Establish US Dollar Alternatives

21.4.2023
A bill signed into law on April 11 has made gold and silver legal tender in the U.S. state of Arkansas, allowing citizens to use gold and silver coins to pay debts. The bill also clarifies that gold and silver “specie” (coins) will not be considered property for tax purposes,...

How OFAC’s Tornado Cash Sanctions Violate U.S. Citizens’ Constitutional Rights

18.4.2023
In filing a “friend of the court” brief, the Blockchain Association argues that financial privacy is fundamental – even in the digital realm

Pheu Thai Candidate Promises Digital Currency Airdrop of $300 to Every Citizen in Thailand if Elected

8.4.2023
A Pheu Thai candidate running for prime minister of Thailand position, Srettha Thavisin, has promised that every citizen in the country will receive 10,000 Thai baht ($300) in digital currency if he wins the general election in May. However, a minister within the prime minister’s office...

Former Treasury Official Issues Dire Warning, Bill Ackman Fears Economic ‘Train Wreck,’ US Gov. Remains Top BTC Holder, and More — Week in Review

2.4.2023
Warnings continue to pervade market and financial news this week, with Monica Crowley, former assistant secretary for public affairs for the U.S. Department of the Treasury, indicating “catastrophic” consequences if the U.S. dollar loses its status as the world’s reserve currency....

First Citizens Bank Acquires Silicon Valley Bank, Costing FDIC Deposit Insurance Fund an Estimated $20B

27.3.2023
According to the Federal Deposit Insurance Corporation (FDIC), the troubled bank Silicon Valley Bank (SVB) was acquired by First Citizens Bank & Trust Company, which is based in Raleigh, North Carolina. First Citizens acquired all deposits and loans from SVB, as well as the 17 branches that...