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Uzbekistan Collects Over $300,000 From Crypto Sector
4.2.2023
While operations with digital assets are not taxed in Uzbekistan, the government is receiving a growing amount of revenues from the industry. The increase in budget receipts has been attributed to the licensing regime and the introduction of fees for crypto companies. Crypto Exchange in Uzbekistan...
Sberbank Set to Launch Decentralized Finance Platform Based on Ethereum
3.2.2023
A recent report details that Russia’s largest financial institution, Sberbank, plans to launch a decentralized finance (defi) platform in May. Konstantin Klimenko, product director of Sberbank’s blockchain laboratory, said that open testing will begin in March. Sberbank’s Defi...
Fund Management Giant State Street Increases Stake in Silvergate to 9.3%
2.2.2023
State Street disclosed a 9.3% stake in troubled crypto lender Silvergate Capital (SI) as of Dec. 31, according to a filing Thursday with the Securities and Exchange Commission (SEC)
State of play: Decentralized domain services reflect on industry progress
2.2.2023
Major decentralized domain services weigh in on the state of the industry and the potential for future growth
Bitcoin mining advocate is going state-to-state to educate US lawmakers
31.1.2023
The legislatures in Mississippi and Missouri have separately introduced bills aimed at protecting certain activities of Bitcoin miners following visits from the Satoshi Action Fund
New York State Takes a Step Toward Cryptocurrency Adoption with New Bill
29.1.2023
The state of New York has announced a new bill that would allow agencies to accept cryptocurrency as a form of payment for fines, civil penalties, taxes, fees, and other payments charged by the state.
Introduced on January 26 by Democratic Assembly Member Clyde Vanel, the New York State Assembly...
New York Considers Bill to Establish Cryptocurrency as a Form of Payment for State Agencies
28.1.2023
A bill has been introduced in the U.S. state of New York to allow state agencies to accept cryptocurrency payments, including bitcoin, ether, litecoin, and bitcoin cash. The legislation proposes allowing crypto to be used as “a means of payment of fines, civil penalties, rent, rates, taxes...
US Federal Reserve Board Issues Policy Statement That Limits Banks’ Crypto Related Activities
28.1.2023
The United States Federal Reserve Board said on Jan. 27 that both insured and uninsured banks will be subjected to limits on certain activities including those that are associated with crypto assets. The board’s latest action does not preclude a state member bank or prospective applicant from...
Fed policy to align bank oversight could limit crypto activities by state banks
27.1.2023
The new policy would align the allowable activities for insured and uninsured state banks and OCC-supervised national banks by making rules for state banks more restrictive
The state of Solana: Will the layer-1 protocol rise again in 2023?
27.1.2023
Despite the latest FTX-related crisis, Solana still has what it takes to win the layer-1 race, according to the head of strategy at the Solana Foundation, Austin Federa
State senator pushes bill to make Bitcoin legal tender in Arizona
27.1.2023
The state senator also introduced a similar bill that aims to make Bitcoin legal tender in 2022 but did not find any success
Arizona Senator Launches Bill to Make Bitcoin Legal Tender
27.1.2023
A senator in the U.S. state of Arizona has introduced a set of cryptocurrency bills, one of which seeks to make bitcoin legal tender. “Centralized digital money controlled by the central bankers is slavery. Decentralized bitcoin is freedom,” the lawmaker said. Arizona Lawmaker Wants...
New South African Code Says Crypto Asset Ads Must Include Capital Loss Warning
25.1.2023
Crypto asset service providers in South Africa seeking to attract investors via advertisements must “expressly and clearly state that investing in crypto assets may result in the loss of capital.” Influencers working on behalf of crypto asset service providers must “not offer...
Crypto Will ‘Play a Major Role’ in UAE Trade Going Forward, Minister Says
24.1.2023
The United Arab Emirates (UAE) minister of state for foreign trade says that cryptocurrency “will play a major role for UAE trade going forward.” He stressed: “The most important thing is that we ensure global governance when it comes to cryptocurrencies and crypto...
How Goose Goose Duck hit 700k CCU on Steam
23.1.2023
We talk to the devs about it. Also: 'state of the industry' survey & more
China-backed Blockchain Project Proposes SWIFT Alternative for Stablecoins and CBDCs
23.1.2023
The company developing China’s blockchain network wants to create a system for international settlements with stablecoins and state-issued digital currencies. The plan is to establish a platform facilitating the use of these two fiat-based digital assets in foreign trade. Company Behind...
Ukraine’s Financial Watchdog Reports Blocking Russian Crypto Exchanges
22.1.2023
The financial monitoring agency of Ukraine has restricted access to a number of online crypto exchangers operating out of Russia. Some of the coin trading platforms are working with sanctioned Russian banks, the regulatory body announced in a report. Ukrainian Financial Authorities Target Russian...
US Government Seizes $700 Million in Assets From Disgraced FTX Co-Founder Sam Bankman-Fried
21.1.2023
Federal prosecutors have seized $697 million in assets, mostly comprised of more than 56 million Robinhood shares worth $526 million, from FTX co-founder Sam Bankman-Fried. Court filings detailed that the U.S. government seized a series of bank accounts belonging to Bankman-Fried, holding millions...
UAE Says No Virtual Asset Service Provider Has Been Granted an Operating Permit
21.1.2023
The United Arab Emirates virtual assets regulator has said no crypto entity has been granted the full market product (FMP) license. According to the country’s minister of state for artificial intelligence and the digital economy, Omar Sultan Al Olama, no crypto entity has been “able...
Crypto to play 'major role' in UAE trade: foreign trade Minister
21.1.2023
UAE’s minister of state for foreign trade Thani Al-Zeyoudi noted that as the country has attracted a lot of talent from the crypto sector, the UAE now needs to roll out the correct regulation to support further growth