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More Russian Banks Say They’ll Join Digital Ruble Pilot – CBDC Advances?


More Russian banks will join the digital ruble pilot, with Center-invest Bank, which mainly operates in the nation’s south, set to trial the CBDC next year. Per Rostov Gazeta, Center-invest Bank has “signed a digital ruble [partnership] agreement with the [CBDC’s] operator, the Central Bank.” The...

Estonia-Licensed Crypto Firms Blamed for €1 Billion in Damages


Bad actors exploited Estonia’s once liberal licensing regime for crypto companies to defraud investors and commit other crimes, an investigative report claims. The authors say they discovered dozens of such cases, including scams and schemes for sanctions evasion and money laundering. Since Tallinn...

Crypto Miners Blame ‘Exorbitant Taxes’ for Kazakhstan Exodus


Licensed crypto mining companies have urged the government in Kazakhstan to revise its taxation policy regarding the sector, which they say is in dire straits. The largest mining firms plan to leave the Central Asian nation by the end of this year, warned the members of the industry. Miners...

Kotaku’s Weekend Guide: 7 Games To Say Goodbye To September With


As September draws to a rainy close (seriously, New York is practically underwater at this point), we look forward to nicer, breezier, hopefully drier October days. But given all of the precipitation, maybe you’re looking for something to do while stuck inside this weekend? Read more

Russian Banks Say Digital Ruble Will Drive up Loan Rates – New CBDC Dangers?


A major Russian banking association has warned that the digital ruble will drive up loan rates as banks struggle to cope with the soon-to-be-issued CBDC. The Central Bank last month launched an 11-city “real-world” CBDC pilot in conjunction with 13 commercial banks. But banking organizations have...

Former Celsius Boss Alex Mashinsky Seeks Dismissal of FTC Lawsuit


Alex Mashinsky, the former CEO of Celsius Network, has filed a motion to dismiss the Federal Trade Commission (FTC) lawsuit against him. In the motion, Mashinsky argues the FTC has failed to allege he violated any laws or rules. His lawyers say the FTC is not entitled to monetary relief and cannot...

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