Auto Added by WPeMatico

Russia to Allow Foreign Residents to Own and Use Digital Ruble

The central bank of Russia intends to ensure that the digital ruble is convertible to foreign currencies and can be used by non-residents. In a document devoted to the digitalization…

Continue ReadingRussia to Allow Foreign Residents to Own and Use Digital Ruble

Korean Officials Quit Jobs to Join Crypto Industry, Lawmaker Reveals

Public officials in South Korea are increasingly choosing career opportunities in the cryptocurrency sector. Some of them come from financial authorities which raises ethical questions, according to the findings of…

Continue ReadingKorean Officials Quit Jobs to Join Crypto Industry, Lawmaker Reveals

Power Utility Sues Russians Mining Cryptocurrency at Their Homes, Raises Electricity Rates

A Russian power utility has found a way to increase electricity prices for consumers mining cryptocurrency using household electricity. The regional distribution company has taken dozens of amateur miners to…

Continue ReadingPower Utility Sues Russians Mining Cryptocurrency at Their Homes, Raises Electricity Rates

Russia’s Federation Council to Set Up Working Group on Crypto Regulations

The Federation Council of the Russian legislature is forming a working group expected to propose comprehensive regulations for cryptocurrencies. Officials from several ministries and government agencies, as well as members…

Continue ReadingRussia’s Federation Council to Set Up Working Group on Crypto Regulations

Florida Governor Ron DeSantis Proposes Creating a Cryptocurrency Payment System for State Fees

The American politician and attorney serving as the 46th governor of Florida, Ron DeSantis, announced the state’s 2022-23 budget proposal last week and proposed an idea to let businesses pay…

Continue ReadingFlorida Governor Ron DeSantis Proposes Creating a Cryptocurrency Payment System for State Fees