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Ukrainian Investigators Raid Illegal $4m Crypto Exchange


Ukraine’s new economic intelligence unit has unearthed a “cryptocurrency conversion center” – an illegal crypto exchange – with a “turnover of hundreds of millions of hryvnias.” The Bureau of Economic Security of Ukraine (BEB), per a report from LB.ua, claimed that its officers had “exposed...

South Korean Prosecutors Fail in Bid to Jail Ex Bithumb Boss


South Korean prosecutors have been thwarted in their efforts to send the former head of the crypto exchange Bithumb to prison for eight years. Per TVChosun, a branch of the Seoul Central District Court acquitted Lee Jung-hoon on fraud charges. Lee had been accused of wrongdoing in a case dating...

Reviewing El Salvador’s Bukele Predictions for 2022: What Went Wrong?


Nayib Bukele, president of El Salvador and die-hard Bitcoin enthusiast, formulated a series of predictions about the behavior of bitcoin and the crypto ecosystem for the past year. These included the top price of bitcoin, the influence of the cryptocurrency on U.S. elections, the issuance of...

Bill on Digital Ruble Submitted to Russian Parliament


A draft law devoted to the digital ruble has been filed with the State Duma, the lower house of Russian parliament. The legislation introduces rules determining how the new form of national fiat will be issued and amends a series of legal acts to facilitate its implementation. Bank of Russia to...

Report: Central African Republic Postpones Sango Coin Listing


The Central African Republic’s plan to list the sango coin in the last quarter of 2022 has been put on hold, while the scheduled unlocking of 5% of token holders’ portfolios has similarly been postponed, a statement from the team promoting the token has reportedly said. The decision...

Argentine Peso Plunges to a 5 Month Low Amid Legal and Political Woes


The Argentine Peso has experienced a sudden fall vs the U.S. dollar, falling to a 5-month low in its blue rate, one of the many parallel exchange rates of the country. The reasons for this fall, besides the abundance of pesos due to holiday-related payments, and the battle between President Alberto...

Bank of Russia to Test International Crypto Payments With Companies


The Central Bank of Russia plans to use cryptocurrency for cross-border payments in trials with private companies, a member of its top management has revealed. The testing will be conducted under a special legal regime that’s currently under development. Russia’s Central Bank to Explore Crypto...

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