China’s Digital Yuan Little Used, Former Central Bank Official Says
Trials of the digital yuan have produced disappointing results, according to a report quoting the former head of research at the Chinese central bank. The new form of national fiat…
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Russia Will Not Try to Ban Home Crypto Mining, Finance Ministry Official Indicates
A high-ranking representative of the Ministry of Finance in Moscow sees no point in banning crypto mining in Russian households as it would be hard to restrict the activity. The…
Korean Officials Quit Jobs to Join Crypto Industry, Lawmaker Reveals
Public officials in South Korea are increasingly choosing career opportunities in the cryptocurrency sector. Some of them come from financial authorities which raises ethical questions, according to the findings of…
Russians to Pay Fees on Digital Ruble Transactions, Central Bank Says
Users of Russia’s central bank digital currency are going to pay a fee for each transaction, a high-ranking representative of Bank of Russia has recently announced. The digital ruble charge,…
Digital Euro Should Be Attractive But Not ‘Too Successful,’ ECB’s Panetta Says
The digital euro should be an attractive means of payment but its design should prevent it from becoming so successful as a store of value that it threatens banks and…
Russia Considers Partially Replacing Dollar Reserves With Digital Assets in Future
Amid ongoing sanctions, the government of Russia has been working to limit the country’s dependence on the U.S. dollar. The Ministry of Foreign Affairs now says it’s possible to partially…
Ukraine Officials Fail to Account for Millions in Declared Crypto Assets
Personal asset declarations filed by politicians and government officials in Ukraine have indicated that many have made significant investments in cryptocurrency. However, some of them have been unable to prove…
Bank of Russia to ‘Slow Down’ Payments to Crypto Exchanges, Curb Russians’ Impulsive Investments
Central Bank of Russia is now working with commercial banks in order to delay payments made to digital asset exchanges. The move aims to limit “emotional” cryptocurrency purchases made by…
Bitcoin Will Not Become Legal Tender in Uzbekistan, Central Bank Official Insists
Cryptocurrency cannot be adopted as a means of payment in Uzbekistan, a high-ranking official from the country’s central bank has recently stated. Speaking to local media, the regulator’s representative also…
US Government Now Offers Informants Crypto Rewards in Addition to Bank Wires, Suitcases Full of Cash
Attendees of the Black Hat hacker conference in Las Vegas were introduced to a new advertisement crafted by the U.S. State Department. According to individuals who accessed the government advertisement…