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Lebanon Inflation Rate Surges to 211%, Economist Steve Hanke Recommends a Currency Board
26.6.2022
As political leaders in crisis-hit Lebanon bicker over positions in the yet-to-be-formed government, the country’s runaway inflation rate surged to 211% in May 2022, new data has shown. Economist Steve Hanke insists that a currency board is a solution to Lebanon’s currency woes. Black...
Albania to Start Taxing Crypto-Related Income From 2023
25.6.2022
Authorities in Albania are finalizing regulations that will allow the taxation of income and profits from cryptocurrency investments. The government intends to begin imposing the levy in 2023, after adopting the necessary legislation which has been proposed for public consultations. Albania Set...
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...
Gold-Backed Stablecoin Can Help Russia Circumvent Sanctions, Government-Owned Bank Suggests
23.6.2022
Researchers at Russian bank VEB suggested the country issues a gold-backed stablecoin for international payments to evade sanctions
US lawmaker lays out case for a digital dollar
22.6.2022
"It is now time for Congress to begin the process of considering and ultimately passing authorizing legislation for the issuance of a U.S. CBDC," said Representative Jim Himes
New Philippines Central Bank Governor: Crypto Investors Are Adherents of the Greater Fool Theory
22.6.2022
The incoming governor of the Philippine central bank, Felipe Medalla, has suggested that people that invest in cryptocurrencies like bitcoin are adherents of the Greater Fool Theory. He also argued that people investing in cryptocurrencies are doing so because they want to “hide their money...
Ukraine Raises Over $100,000 From Cryptopunk NFT Sale
22.6.2022
The government of Ukraine has sold a Cryptopunk NFT donated in support of the war-torn country a few months ago. The token has been purchased by an unidentified buyer who spent more than $100,000 in ethereum for the collectible, the country’s digital transformation ministry said. Ukraine...
Central African Republic President on BTC Volatility: ‘Mathematics Don’t Account for Human Emotions’
22.6.2022
In an apparent message to critics of the Central African Republic’s bitcoin decision, the country’s president, Faustin-Archange Touadéra, recently argued that understanding the crypto’s disruptive power is crucial and that “mathematics don’t account for human...
HM Treasury changes course on collecting data around unhosted crypto wallets
20.6.2022
“There is not good evidence that unhosted wallets present a disproportionate risk of being used in illicit finance,” said the Treasury update
Iranian government to cut power supply for the country's legal crypto mining rigs
20.6.2022
For years, the country has heavily subsidized its electricity production leading to extremely low prices. It claims that this has now become unsustainable
UK Government Backtracks on Unhosted Wallet Data Collection Proposal
20.6.2022
The government said it didn't make sense to require all senders of funds to private crypto wallets to collect recipients' identification details
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...
El Salvadoran Government to Back New Token, Bukele Says ‘Don’t Panic’ About Falling Bitcoin Prices
20.6.2022
El Salvador’s government is readying another crypto move – some nine months after it officially adopted bitcoin (BTC) as legal tender.
Per ElSalvador.com, the website of the newspaper El Diario de Hoy, the state is unperturbed by the current “difficult scenario for digital assets,” and...
Ukraine Joins European Blockchain Partnership as Observer
19.6.2022
Ukraine has been granted observer status in the European Blockchain Partnership (EBP). Officials in Kyiv hope the move will facilitate the implementation of blockchain technologies by the Ukrainian government and lead to the adoption of more efficient crypto regulations. Ukraine Advances Toward...
Third non-EU country, Ukraine, joins the European Blockchain Partnership
18.6.2022
With the ultimate goal of integrating its digital economic space with the EU, Ukraine plans to expand its interstate blockchain network partnership with other countries
Crypto's uses and misuses: Binance-Reuters quarrel raises questions
17.6.2022
Does the struggle between Binance and Reuters, both heavyweights in their respective industries, have broader implications for the crypto sector?
Elusive Bitcoin ETF: Hester Perice criticizes lack of legal clarity for crypto
17.6.2022
SEC Commissioner and “Crypto Mom” Hester Peirce criticized the SEC on its regulatory guidance, but noted that change is possible if investors and regulators work together
NFT platforms in China grow 5X in four months despite government warnings
17.6.2022
NFTs are still a gray area in China where unlike cryptocurrencies, there’s no official ban on its use, but the authorities have warned investors against the risks from time to time
Kazakhstan Allows Registered Crypto Exchanges to Open Accounts at Local Banks
17.6.2022
Government officials in Kazakhstan have approved regulations that will govern interactions between authorized coin trading platforms and traditional financial institutions. The new rules will allow registered cryptocurrency exchanges to have bank accounts in the country. Pilot Project to Develop...
US Air Force taps SIMBA Chain to develop budgeting and accounting system
16.6.2022
They said the purpose of DiBaT is to convert all dollars in the USAF supply chain budget into tokens, and monitor fund movement across billing centers, purchasing centers, and suppliers