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Report: Montenegro High Court Extends Do Kwon’s Detention by 2 Months
14.12.2023
Do Kwon, the ex-CEO of Terraform Labs, is set to spend two months in Montenegro custody after the country’s High Court moved his release date to Feb. 15, 2024. While Do Kwon reportedly prefers being sent to South Korea, Montenegro’s justice minister is said to be leaning towards sending...
Russian Ministry of Finance Proposes Exporting Cryptocurrencies as a Commodity, akin to Natural Gas
14.12.2023
Source: Pixabay The Russian Ministry of Finance has presented the idea of exporting cryptocurrencies as a product of mining activities. The move is intended to position digital currencies on an equal footing with traditional exports, such as natural gas, potentially reshaping the landscape of...
Russia Poised to Let Miners Sell Coins Abroad as ‘Exports’
14.12.2023
Source: artiemedvedev/Adobe Russian industrial miners may be given the right to sell cryptoassets as “export products,” the nation’s finance ministry said. Per RBC, the country’s Deputy Minister of Finance Ivan Chebeskov made the comments at a round table event named “Cryptocurrency and the Future...
India to Consider Country-Specific Characteristics and Risks in Regulating Crypto: Finance Ministry
13.12.2023
Source: Pexels India’s Finance Ministry will consider country-specific characteristics and risks before implementing any measures related to crypto assets. Minister of State for Finance Pankaj Chaudhary, during a session in the Rajya Sabha, highlighted the significance of the New Delhi...
Indian Government Confirms Commitment to Supporting Web3 Startups
9.12.2023
The Indian government has confirmed its commitment to supporting startups that are innovating in the Web3 sector in India. “Web3 represents the future of internet and the government is committed to ensuring that the innovators and innovation from India create the future of Web3...
Report: Terraform Labs Co-Founder Do Kwon to Be Extradited to the US
7.12.2023
Terraform Labs’ co-founder, Do Kwon, is on the brink of extradition to the United States from Montenegro. This development follows a decisive ruling by a high court and the endorsement from a top official. According to The Wall Street Journal, Justice Minister Andrej Milovic...
Parliament of India Holds Discussion on Future of Web3
7.12.2023
Source: Pixabay The lower house of the Indian Parliament, Lok Sabha, held a discussion on the importance of web3 and blockchain sector in India on December 6. Rajeev Chandrasekhar, Minister of State for Electronics and Information Technology, emphasized the importance of Web3 and Blockchain...
28 Indian Crypto Platforms Register With Country’s Anti-Money Laundering Department
4.12.2023
Source: Pixabay 28 Indian crypto platforms have registered with the Financial Intelligence Unit, the country’s Minister of State for Finance said. In response to queries in the Lok Sabha, the lower house of India’s bicameral Parliament, Indian Minister of State for Finance Pankaj Chaudhary told...
China, Japan, and South Korea Explore Collaboration in Big Data, Blockchain, and AI
4.12.2023
Source: iStock/PeopleImages China, Japan, and South Korea are forging ahead with plans to enhance collaboration in advanced technology sectors such as big data, blockchain, and artificial intelligence (AI). During the 10th China-Japan-ROK Foreign Ministers’ Meeting held in Busan, South...
Solomon Islands and Soramitsu Unveil Partnership To Launch CBDC Pilot
1.12.2023
Source: Pixabay The Central Bank of Solomon Islands has revealed a partnership with Japanese blockchain Soramitsu to launch a proof-of-concept for a CBDC named Bokolo Cash. In a Keynote speech on Tuesday, Solomon Islands Prime Minister Manasseh Sogavare said his country was embarking on the CBDC...
UK City Minister Asks Regulators to Embrace Some Risk-Taking in Financial Markets
29.11.2023
Source: AdobeStock / Mary The new minister for the City of London has called on regulators to adopt a more accommodating approach towards risk-taking in a bid to revitalize the UK’s stagnating economy. Bim Afolami, who recently assumed his position as part of a ministerial reshuffle...
Eurasian Economic Union Minister: CBDCs Will Pave the Way for the Launch of a Digital Reserve Currency
27.11.2023
Sergei Glazyev, minister of integration and macroeconomics of the Eurasian Economic Union (EEU), has noted the advancements the adoption of central bank digital currencies (CBDCs) could ostensibly bring to the trading dynamics of the region. According to Glazyev, the launch of several digital...
Do Kwon Faces Extradition Dilemma: Montenegro’s Justice Minister to Decide Between US and South Korea
24.11.2023
In a decision by the Podgorica High Court, ex-Terraform Labs chief executive Do Hyeong Kwon (Do Kwon) is set to be extradited following his four-month incarceration in Montenegro for fabricating travel papers. The extradition bids originate from both the United States and South Korea, with...
Terra Founder Do Kwon’s Extradition Approved by Montenegrin Court – Here’s the Latest
24.11.2023
Image Source: Reuters A court in Montenegro’s capital, Podgorica, has approved the extradition of Do Kwon, the founder of Terra, to either South Korea or the United States. According to a recent update on the judiciary’s website, the final decision on the country of extradition will...
UK Finance Minister Proposes Sandbox Initiative for Digital Assets Legislation
23.11.2023
Source: Pixabay / RGY23 The UK government has announced a new legislative proposal for a Digital Securities Sandbox (DSS), aiming to create a supportive testing environment for crypto technologies and services. In the recently released Autumn Statement, UK Chancellor of the Exchequer Jeremy Hunt...
Indian Finance Minister Shares Progress on Crypto Roadmap Implementation at Virtual G20 Summit
23.11.2023
Source: YouTube / DD India India’s Finance Minister Nirmala Sitharaman shared the latest advancements in the implementation of the crypto regulation roadmap during the virtual G20 Leaders’ Summit yesterday. Emphasizing the formal adoption of the roadmap by the G20, Sitharaman highlighted...
Digital Ruble Pilot to Expand to Execute Budget Expenditures Next Year
22.11.2023
Anton Siluanov, the finance minister of Russia, has announced that the Central Bank of Russia will expand the pilot phase of the digital ruble next year to include the execution of still undefined targeted budget expenditures. Digital Ruble to Be Leveraged for Budget Expenditures The digital ruble...
Argentina’s President-Elect Javier Milei ‘No Anarcho-Capitalist’ Says Former Greek Finance Minister
22.11.2023
According to Greece’s former finance minister, Yanis Varoufakis, Argentina’s president-elect Javier Milei is “no anarcho-capitalist.” The former finance minister said Milei’s plan to fight inflation with dollarization “is like nuking a country to get rid...
Argentina’s Presidential Candidate Sergio Massa Suggests Using Blockchain for State Finance Oversight
18.11.2023
Presidential candidate and Economy Minister Sergio Massa has proposed to develop a system to allow citizens to control and monitor state finance using blockchain tech in Argentina. At a recent presidential campaign rally, he declared that Argentines “should be able to control state accounts...
Turkey in "Final Stage" of Bringing Crypto Legislation as Last Step to Get off FATF's Grey List: Minister
1.11.2023
Turkey is in the "final stage" of bringing crypto legislation to its parliament, a last step required for it to be removed from the Financial Action Task Force's (FATF) "grey list