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Illegal Use of Cryptocurrency Largely a Myth, Russian Lawmaker Says

Only a small share of cryptocurrency transactions have illicit purposes and the use of digital coins in illegal activities is for the most part a myth, a high-ranking Russian lawmaker…

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Portuguese regulator grants first crypto license to a bank

Bison Bank will offer its digital asset services to high net worth individuals, becoming the first banking institution in the country authorized to do so.

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South Korean Intelligence Service Informs Crypto Exchanges About Cyberthreats

The South Korean state intelligence agency is now providing crypto trading platforms with information about attempts to breach their cybersecurity. The help for the country’s digital asset exchanges comes amid…

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Sanctions Motivate Russia to Create Own Crypto Market Infrastructure, Finance Ministry Says

With sanctions cutting off Russia from global finances, Moscow’s motivation to establish a domestic market infrastructure for digital assets grows, a top official at the Russian finance ministry has noted.…

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Japan Considers Stricter Crypto Regulations in Light of Russia Sanctions

Authorities in Japan are planning to introduce tougher new rules for crypto operators as part of efforts to prevent Russia from using cryptocurrencies to evade sanctions. The legislative initiative comes…

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Indian Government Reveals 11 Crypto Exchanges Investigated for Tax Evasion, $13 Million Recovered

The Indian government has revealed that 11 cryptocurrency exchanges have been under investigation by the country’s tax authority. About 95.86 crore rupees ($12.6 million) have been recovered from them. 11…

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Wex Exchange Co-Owner Reportedly Detained in Russia

Authorities in Russia have arrested a crypto entrepreneur associated with an unidentified cryptocurrency exchange who is suspected of embezzling funds and property. According to a media report, the detained person…

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ETH price hits $3K as major crypto fund adds over $110M Ethereum to Lido’s staking pool

Later, the hedge fund manager reportedly purchased more than $22.50 million worth of ETH tokens from FTX and Deribit.

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Ukraine’s Largest Bank Suspends Money Transfers to Crypto Exchanges

Privatbank, the largest commercial bank in Ukraine, has temporarily halted transfers in national currency to digital asset exchanges. The financial institution explained the move with restrictions imposed by the country’s…

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Crypto Assets Can Help Russia Return to Global Financial Market, Lawmaker Says

Digital financial assets like cryptocurrencies can help Russia to reach the global financial market despite western sanctions, a lawmaker working on crypto regulations has stated. The official believes the country…

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