Auto Added by WPeMatico

Russia Developing Sandbox for Cross-border Crypto Payments

An institute facilitating Russian exports is now working on the establishment of a sandbox for international crypto payments, local media reported. The goal is to identify potential regulatory and technological…

Continue ReadingRussia Developing Sandbox for Cross-border Crypto Payments

Provision Allowing Cryptocurrency Payments in Foreign Trade Added to Russian Bill

A proposal to permit companies to use cryptocurrency in cross-border settlements has made its way to a draft law designed to regulate Russia’s crypto space this year. According to a…

Continue ReadingProvision Allowing Cryptocurrency Payments in Foreign Trade Added to Russian Bill

Major Japanese Bank Sumitomo Mitsui Trust to Launch Cryptocurrency Custody Business

Sumitomo Mitsui Trust, one of the major banking institutions in Japan, will reportedly enter the cryptocurrency custody business. The company is entering a partnership with Bitbank, a Tokyo-based cryptocurrency exchange,…

Continue ReadingMajor Japanese Bank Sumitomo Mitsui Trust to Launch Cryptocurrency Custody Business

Russia’s First Digital Financial Assets Expected This Year, Lawmaker Says

The first digital financial assets based on Russian blockchains may be issued as early as this year, a high-ranking parliamentarian announced. Three platforms are already registered as issuers, said Anatoly…

Continue ReadingRussia’s First Digital Financial Assets Expected This Year, Lawmaker Says

Putin Obliges Election Candidates to Report Crypto Holdings Outside Russia

President Vladimir Putin has approved amendments to his own decree requiring Russian citizens running for office to declare their property abroad. The updated regulation lists cryptocurrencies among the assets that…

Continue ReadingPutin Obliges Election Candidates to Report Crypto Holdings Outside Russia

World’s Largest Family-Owned Private Bank Now Offers Crypto Investments via SEBA Bank

On Wednesday, the world’s largest family-owned banking institution, LGT Bank, announced that it has selected SEBA Bank in order to provide cryptocurrency custody and brokerage services to clients. LGT will…

Continue ReadingWorld’s Largest Family-Owned Private Bank Now Offers Crypto Investments via SEBA Bank

Weiss Ratings Report Claims Crypto-Backed Home Loans Spell Trouble

A report published on May 2 by the rating agency Weiss Ratings warns that crypto-backed mortgages “spell risk.” Weiss editor Jon D. Markman said backing a mortgage with crypto is…

Continue ReadingWeiss Ratings Report Claims Crypto-Backed Home Loans Spell Trouble

Bank of Russia Seeks to Allow Stock Exchanges to Trade Digital Assets

The Central Bank of Russia has recently proposed authorizing traditional stock exchanges to operate in the digital assets market. Industry watchers say the regulator aims to provide investors with an…

Continue ReadingBank of Russia Seeks to Allow Stock Exchanges to Trade Digital Assets

Top ECB Official Ramps Up Anti-Crypto Rhetoric, Calls for Global Regulations

Comparing the rise of crypto assets to the gold rush, a top executive at the European Central Bank has urged governments to take action to prevent “a lawless frenzy of…

Continue ReadingTop ECB Official Ramps Up Anti-Crypto Rhetoric, Calls for Global Regulations

Report: Afghans Use Crypto to Curb Taliban’s Influence on Their Financial Well-Being

Afghan residents are reportedly acquiring digital assets that they use to preserve their savings and to diminish the ruling Taliban’s ability to affect their financial well-being. Since the militant group…

Continue ReadingReport: Afghans Use Crypto to Curb Taliban’s Influence on Their Financial Well-Being