Auto Added by WPeMatico

Russian Businesses to Choose Which Crypto to Use for Cross-Border Settlements, Lawmaker Says

Russian companies may start transacting in cryptocurrency with partners abroad as early as next year and will be free to pick the coin they want to use, officials in Moscow…

Continue ReadingRussian Businesses to Choose Which Crypto to Use for Cross-Border Settlements, Lawmaker Says

Georgia to Update Crypto Regulations to Incorporate EU Rules, Legalize Industry

The government of Georgia has approved amendments to the legal framework for the Caucasian nation’s financial sector, including additional regulations for crypto and fintech activities. The move aims to align…

Continue ReadingGeorgia to Update Crypto Regulations to Incorporate EU Rules, Legalize Industry

EU Parliament’s Rapporteur on MiCA Crypto Law Stefan Berger Sells Pair of Slides as NFT

“Freedom in a wallet” is how Member of European Parliament Stefan Berger describes the non-fungible token (NFT) he is now selling on Opensea. The NFT represents a pair of ‘Bergoletten’…

Continue ReadingEU Parliament’s Rapporteur on MiCA Crypto Law Stefan Berger Sells Pair of Slides as NFT

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…

Continue ReadingIsrael Prohibits Cash Deals for Amounts Starting as Low as $1,700

Putin Signs Law Prohibiting Payments With Digital Assets in Russia

President Vladimir Putin of Russia has signed into law a bill banning payments with digital financial assets. The legislation obliges exchange operators to refuse to process transactions facilitating the use…

Continue ReadingPutin Signs Law Prohibiting Payments With Digital Assets in Russia

Crypto Payments Are Acceptable in Foreign Trade, Russia’s Financial Watchdog Says

Russian financial watchdog Rosfinmonitoring is ready to accept the use of cryptocurrencies in international settlements, the head of the agency, Yuri Chikhanchin, has indicated. The statement adds to growing support…

Continue ReadingCrypto Payments Are Acceptable in Foreign Trade, Russia’s Financial Watchdog Says

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…

Continue ReadingRussia’s Finance Ministry Supports Circulation of Stablecoins in Country