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Proposal to Set Up Russian Crypto Exchange Circulated in Moscow
8.7.2022
Russia may establish a dedicated exchange to carry out cryptocurrency transactions locally, a high-ranking member of the State Duma has suggested. The new platform can be hosted by the Moscow Exchange, according to Anatoly Aksakov, head of the parliamentary financial market committee. Russian...
Discussion Platform Reddit Introduces Blockchain-Backed Collectible Avatars to 52 Million Users
7.7.2022
The social media and discussion website Reddit has announced the launch of blockchain-backed collectible avatars. The collectible avatars are stored via the Polygon blockchain as the chain was chosen for its “low-cost transactions and sustainability commitments.” Reddit’s...
Russian State Duma Adopts Law Banning Payments With Digital Financial Assets
7.7.2022
The lower house of Russian parliament has adopted a law prohibiting the use of digital financial assets in payments. To implement the restriction, exchange operators have been obliged to reject transactions which make it possible to employ these assets as a means of payment. Russian Parliament...
Crypto Lender Nexo Moves Forward With Plan to Acquire Troubled Rival Vauld
6.7.2022
Leading cryptocurrency lender Nexo has offered to buy distressed competitor Vauld, which halted operations in the face of financial difficulties. The proposal comes after the Singapore-based company said it was exploring restructuring options. Nexo Secures Exclusive Agreement to Explore...
Lending Platform Vauld Looks to Restructure Amid Crypto Downturn, Suspends Transactions
4.7.2022
Singapore-based lender Vauld has suspended all withdrawals, trading and deposits on its platform as it looks at restructuring options
The Words We Use In Bitcoin: Words, Language, Terminology, and Linguistic Attacks
3.7.2022
Gigi is a Bitcoin educator, author of '21 Lessons', and software engineer.
__________
It can’t be said often enough: Bitcoin is confusing. However, it’s not complicated like a Rube Goldberg machine is complicated. It’s just very foreign and thus very misunderstood—it is a completely new thing....
Ethereum average gas fee falls down to $1.57, the lowest since 2020
3.7.2022
For nearly two years, between Jan. 2021 and May 2022, the average gas fee required by the Ethereum network was roughly $40, with May 1, 2022 recording the highest average daily gas cost of $196.638
EU Makes Deal on MiCA Legislation to Regulate Crypto Markets
2.7.2022
Representatives of key European Union (EU) institutions and member states reached an agreement on the Markets in Crypto Assets regulatory proposal. The progress in the negotiations over the comprehensive legal framework for the Union’s crypto space comes after earlier this week European...
Layer-1 blockchains: How crypto winter could slow the challenge to Ethereum
1.7.2022
A Chainalysis report analyzes the layer-1 blockchain ecosystem, questioning if alternative L1s will continue to challenge Ethereum this crypto winter
Financial Companies Report First Deal With Digital Assets Under Russian Law
1.7.2022
Two companies have carried out Russia’s first transactions with digital financial assets as defined by the country’s current legislation. The deal involved the tokenization of debt issued by a third party and its subsequent acquisition. Russian Companies Conduct Issue and Placement...
Russia’s Financial Watchdog Investigates 400 Crypto-Related Cases, Director Tells Putin
30.6.2022
Rosfinmonitoring is conducting hundreds of investigations into cases involving cryptocurrencies, the head of the agency announced. Hundreds of thousands of Russians take part in crypto deals abroad, the top regulator also reported to the Russian president. Russian Authorities Initiate 20 Criminal...
Russian Parliament Adopts Tax Rules for Digital Assets
29.6.2022
Russian lawmakers have approved amendments regulating the taxation of transactions with digital assets. The legislation concerns business operations with cryptocurrencies and tokens. In some cases, the burden for Russian companies will be reduced as compared to foreign entities. Russian Duma Passes...
Bank of Russia Accelerates Schedule for Digital Ruble Project
26.6.2022
The Central Bank of Russia continues to step up efforts to test and issue the digital ruble, with a roadmap for the full implementation of the new form of the national fiat now expected by the end of 2023. Trials with real transactions and users are scheduled to begin next April, earlier than...
Coinbase Adds Support for On-Chain Polygon and Solana Transactions
23.6.2022
“Over time, we’ll add support for more tokens and more networks,” Coinbase said
Spanish Government Wants Crypto Holders to Report their Transactions & Holdings from 2023
23.6.2022
Spanish authorities will force crypto owners to declare their crypto-related operations and coin holdings. The nation’s finance chief also stated that crypto exchanges will be forced to report on their customers’ activities from next year – and warned that similar European Union-wide measures...
Coinbase to track off-exchange transactions from Dutch customers
23.6.2022
Dutch users need to provide the recipient's full name, the purpose of transfer and full residential address to move digital assets off the platform
Spanish Treasury Introduces New Crypto Tax Model Featuring Balance Reports
23.6.2022
The Spanish treasury has introduced a new series of requirements regarding the reporting and taxation of cryptocurrency holdings in the country. The new rules include the obligation of taxpayers to disclose all of their cryptocurrency holdings to the tax authorities, as well as their value...
Russia to Trial Digital Ruble Settlements for Real Estate Deals
23.6.2022
The Central Bank of Russia and participating commercial banks want to test various types of payments with the digital ruble, the Russian press reported. The plan is to experiment with smart contracts and transactions related to real estate and crypto asset purchases. Bank of Russia to Launch Smart...
Russian Finance Ministry Rules Out Sale of Oil for Bitcoin
20.6.2022
The Russian government considers bitcoin as a payment option for small business transactions, not for oil exports, the country’s finance ministry has indicated. A top official emphasized the department means that cryptocurrencies may be used in barter deals, but not as legal tender. Crypto...
Colombian Financial Superintendence Prepares Norms for Crypto Transactions
17.6.2022
The Colombian Financial Superintendence, the securities and financial watchdog of the country, is working on a document to regulate the transactions and operations made using cryptocurrency assets in the country. The organization announced that it will present the document in the coming weeks...