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Legalizing Crypto Will Undermine Russian Financial System, Warns Central Bank


Legalizing crypto could “fundamentally” undermine Russia’s financial system, the nation’s Central Bank has warned. According to the media outlet Informer, Elizaveta Danilova, the bank’s Director of Financial Stability, said that allowing crypto into the Russian financial system would bring about...

Coinbase Survey: 20% of US Adults Currently Own Crypto


A national survey commissioned by Coinbase suggests that about 20% of U.S. adults currently own crypto. In addition, 29% of U.S. adults plan to buy or trade crypto in the next 12 months. “The vast majority of Americans want to see the financial system updated and they believe crypto can be...

Japanese Tech and Finance Giants Launch Japan Metaverse Economic Zone


Several Japanese tech and finance giants have signed a document to create the Japan Metaverse Economic Zone, a multipurpose virtual universe that will have its base in a platform called Ryugukoku. The virtual world will allow these companies to share their technology with users as it lets them roam...

Coinbase to Suspend Trading of BUSD Amid Regulatory Crackdown


Cryptocurrency exchange Coinbase announced it will suspend trading and delist the Paxos-managed stablecoin asset BUSD. The decision follows Paxos’ revelation that the New York State Department of Financial Services directed the firm to stop issuing the U.S. dollar-pegged token BUSD. Coinbase...

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