US federal agency issues legal advisory on NFT investments
The advisory primarily targets reporting of NFTs investments that represent “property,” such as real estate.
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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.
Financial Companies Report First Deal With Digital Assets Under Russian Law
Two companies have carried out Russia’s first transactions with digital financial assets as defined by the country’s current legislation. The deal involved the tokenization of debt issued by a third…
Grayscale Files Lawsuit Against SEC Over Spot Bitcoin ETF Rejection
Grayscale Investments, the world’s largest digital currency asset manager, has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) challenging the securities regulator’s decision to reject its application…
Circle Partners With New York Community Bancorp — Bank to Custody USDC Reserves
Circle Internet Financial has revealed a usd coin custody partnership with the American bank holding company New York Community Bancorp (NYCB). Under the agreement, NYCB’s subsidiary, New York Community Bank,…
Iran Aims to Roll Out Pilot Version of Crypto Rial Within 2 Months
The government in Tehran is taking steps in preparation of the launch of Iran’s new digital currency, referred to as the crypto rial. The monetary authority of the Islamic Republic…
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