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Digital Asset Provider Raises $65M in Series B Led by Credit Suisse

14.2.2023
The company said the funds will be used to expand Taurus' new offices in Europe, the UAE, and later in the Americas and Southeast Asia

Dollar Stablecoins Are Great for Users and the US Government

14.2.2023
Omid Malekan writes that because stablecoin issuers liabilites live on-chain, the asset-backed tokens are arguably more secure than payment providers we use today, including PayPal

Rwanda Government Orders Banks to Stop Facilitating Crypto-Related Transactions

14.2.2023
According to the National Bank of Rwanda, the country’s regulated financial services providers are now prohibited from facilitating crypto-related transactions. In her Jan. 31 letter justifying the decision, the acting governor Soraya Hakuziyaremye cites the unregulated status of most crypto...

Sam Bankman-Fried’s Super Bowl VPN Use Prompts Government Concern

14.2.2023
The former FTX chief has being using privacy tools which prosecutors worry could be used to access the dark web

Income Tax Applies to Crypto Trading in Bosnia, Tax Administration Says

13.2.2023
Individuals are expected to pay income tax on gains from cryptocurrency trading, the tax authority of Bosnia has determined. In the absence of dedicated regulations, the federal government in Sarajevo has set up a working group to assess various risks associated with digital assets. Income Tax...

Ark Invest on $1.4M BTC, Possible Julian Assange-Linked File on Bitcoin Blockchain — Week in Review

12.2.2023
Investment management firm Ark Invest has offered three bitcoin price predictions in a new report, including a bull scenario where bitcoin could reach $1.48 million per coin. In other news, a 7zip file possibly linked to activist Julian Assange was reportedly discovered in the Bitcoin blockchain...

Chinese Government Sets Sights on Blockchain Future with New Center – Here's What You Need to Know

12.2.2023
China has launched a state-backed research center dedicated to exploring blockchain’s potential and achieving core technological breakthroughs related to the technology. ... Read More: Chinese Government Sets Sights on Blockchain Future with New Center – Here's What You Need to Know

IMF Report on El Salvador’s Bitcoin Adoption: Risks Averted, but Transparency Needed

12.2.2023
According to a recent mission statement published by the International Monetary Fund (IMF), El Salvador has adopted bitcoin as legal tender and has avoided risks so far. The IMF states that the risks have not materialized due to the limited use of bitcoin. However, the United Nations financial...

Daily Raids on Crypto Farms as Abkhazia Intensifies Mining Crackdown

12.2.2023
Authorities in Abkhazia are stepping up efforts to clamp down on cryptocurrency mining amid electricity shortages in the winter months. The government of the breakaway Georgian region announced it’s also taking measures to prevent imports of mining equipment. Abkhazia Creates Headquarters to Combat...

El Salvador’s ‘limited’ use of Bitcoin prevents forecasted risks, says IMF

12.2.2023
The IMF has suggested that El Salvador “reconsider” its plans for Bitcoin, following a recent visit to the country

Chinese Government Launching National Blockchain Innovation Center

12.2.2023
The Chinese government is setting up a national blockchain innovation center in Beijing to focus on industrial applications and major use cases of blockchain technology, particularly those related to the Chinese economy. China Establishing New Blockchain Center China’s Ministry of Science...

State-backed Crypto Mining Farm under Construction in Russia’s Buryatia

11.2.2023
A new crypto mining facility is being built in the Russian Republic of Buryatia with support from a government-affiliated company. Construction of the infrastructure for the large-scale project is already underway, carried out by a subsidiary of Russia’s largest mining operator, Bitriver. Bitriver...

Are the Remaining Crypto Giants Staring Down the Barrel of the US Government’s Gun?

10.2.2023
The latest action from the U.S. Securities and Exchange Commission (SEC) against Kraken is probably only the first stirring of a U.S. government campaign to come for the major remaining crypto exchanges, according to industry lawyers, consultants and former regulators

Russian Government Says It Won’t Rush into Crypto-powered Trade with Iran

10.2.2023
The Russian government has said it is exploring the notion of using crypto in trade deals with Iran – but will not be hurried into action. Per RIA Novosti, Moscow wants to put a “clear regulatory framework” into place before allowing Russian firms to do business with Tehran in crypto.... Read...