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Russian gov’t working on stablecoin settlement platform between friendly nations: State media

“Stablecoins can be pegged to some generally recognized instrument, for example, gold, the value of which is clear and appreciable for all parties involved," said Alexey Moiseev.

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Report: Saudi Arabia’s Central Bank Hires Virtual Assets and Digital Currency Program Lead

The Saudi Arabian central bank has reportedly appointed Mohsen Al Zahrani as the lead of the bank’s virtual assets and digital currency project. The emergence of the United Arab Emirates…

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IMF: Crypto Assets Become More Mainstream as Hedges Against Weak Currencies, Potential Payment Instruments

The International Monetary Fund (IMF) published a report stating that crypto assets have gained a “more mainstream presence as speculative investments, hedges against weak currencies, and potential payment instruments.” The…

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What New UK Prime Minister Liz Truss Says About Cryptocurrencies

Liz Truss, Britain’s new prime minister, previously said: “We should welcome cryptocurrencies in a way that doesn’t constrain their potential.” Truss beat former Chancellor of the Exchequer Rishi Sunak, who…

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Iran Starts Licensing Crypto Miners Under New Regulatory Framework

The government of Iran has reportedly started issuing licenses to crypto miners under the new “comprehensive and detailed” regulatory framework approved last week. The authorities previously issued licenses to a…

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US Lawmaker Says ‘Too Much Money and Power’ Behind Crypto to Ban It

U.S. Representative Brad Sherman says Congress has not banned crypto because “there’s too much money and power behind it.” He elaborated: “Money for lobbying and money for campaign contributions works,…

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Argentinian Tax Authority Wins Landmark Case to Confiscate Funds From a Digital Account

The Argentinian Tax Authority (AFIP) has won a historic case to seize taxpayer funds from a digital account. The case, which was won in an appeal in the Federal Chamber…

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