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Investors Lost $10,000 on Average to Russian Crypto Pyramid Finiko, Poll Reveals

Investors defrauded by the Russia-based cryptocurrency Ponzi scheme Finiko have sent the crypto pyramid an average exceeding 720,000 rubles, or more than $10,000 at current exchange rates. The assessment comes…

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Russia doesn’t plan to follow in China’s footsteps by banning crypto outright, says deputy finance minister

Crypto payments in the country are currently banned, but Russians have been allowed to purchase and trade digital assets like Bitcoin.

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IMF reiterates more oversight for crypto in latest report on financial stability

The group identified the crypto space at risk from hacking, “lack of transparency around issuance and distribution” of tokens, and operational risks including outages during periods of extreme volatility.

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Major Turkish Crypto Exchange Coinzo Shuts Down

Coinzo, one of Turkey’s largest cryptocurrency exchanges, is terminating its digital asset trading services. The platform said its website will remain online in the next six months to allow users…

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