Israel Prohibits Cash Deals for Amounts Starting as Low as $1,700
New legislation introducing tighter restrictions on payments with large sums of cash will enter into force in Israel on Monday. The goal, as stated by the country’s tax authority, is…
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ECB Economists Suggest Limiting Access to Digital Euro to Protect Banks
A group of economists evaluating the potential effects of a digital euro have insisted that restricting access to the upcoming currency is necessary to preserve the current financial system. Their…
‘Cryptojacking’ rises 30% to record highs despite crypto slump: Report
Cryptojacking has become a lucrative choice for cybercriminals as many victims are unaware they have been compromised.
Bank Indonesia Prepares to Issue Digital Rupiah as Legal Tender for Digital Payments
The central bank of Indonesia is working to issue a wholesale digital rupiah. The new currency is meant to be the only legal tender for digital transactions in the country…
US federal agency issues legal advisory on NFT investments
The advisory primarily targets reporting of NFTs investments that represent “property,” such as real estate.
ECB’s Lagarde, Panetta See Digital Euro as More Efficient Payment Means Than Crypto
Unbacked cryptocurrencies are not an efficient means of payment and stablecoins are vulnerable to runs, top officials at the European Central Bank have pointed out in a new article making…
Bank of Russia Says Stablecoins Are Not Suitable for Settlements
The Central Bank of Russia has spoken out against stablecoins, which it says are highly risky and not fit for payments. The monetary authority reacted to a statement by a…
Russian Blockchain Alternative to SWIFT to Prevent Disconnection of Nations, Banks
A Russian university is ready to test its blockchain-based analogue to the global payment messaging network SWIFT, from which Russian banks were cut off as part of Western sanctions. The…
Russia’s Finance Ministry Supports Circulation of Stablecoins in Country
The Russian Ministry of Finance is ready to back the legalization of transactions with stablecoins in Russia, according to a high-ranking representative. While the ministry recognizes that cryptocurrencies could lay…
Nifty News: Total BAYC thefts crack $18.5 million, “Ape Now, Pay Later” loans come for NFTs and more
The total value of stolen BAYC NFTs has cracked $18.5 million, BNPL comes for NFT buyers and Australia makes big moves in the non-fungible space.
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