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Crypto Ban Proposed by Bank of Russia Met With Opposition in Parliament, Government

The central bank’s push for a restrictive policy regarding cryptocurrencies is not gaining support among members of the Russian government, legislature, or law enforcement. A blanket crypto ban, as proposed…

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Oman Invites Bids From Firms Interested in Creating Regulatory Framework for Virtual Assets

Authorities in the Middle Eastern state of Oman have asked specialized companies, interested in helping the country set up a regulatory framework for virtual assets, to submit their proposals. Interested…

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Myanmar Military Government Proposes to Jail Digital Currency and VPN Users

Myanmar’s military-ruled government is proposing to enact laws that will see users of virtual private networks (VPN) and digital currencies being jailed for up to three years. In addition, offenders…

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House members call for an end to lawmakers trading stocks — is crypto next?

"This would end the potential corruption of lawmakers pursuing policy outcomes that benefit their portfolios,” said 27 members of the U.S. House of Representatives in a letter calling for a…

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SEC Has Taken 97 Crypto Enforcement Actions So Far — Crypto a Top Priority for Chairman Gensler

The U.S. Securities and Exchange Commission (SEC) has brought 97 cryptocurrency enforcement actions so far. Furthermore, the securities regulator has imposed approximately $2.35 billion in total monetary penalties against digital…

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No Developed Nation Bans Cryptocurrencies, Telegram Founder Pavel Durov Warns Russia

Pavel Durov, founder of the messaging app Telegram, has criticized Bank of Russia’s proposal to impose a blanket ban on a range of crypto-related activities. Such move would stifle high-tech…

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Biden Administration Preparing to Release Government-Wide Crypto Strategy: Report

The Biden administration is reportedly drafting a government-wide cryptocurrency strategy as an executive order. The directive is expected to be presented to President Joe Biden in the coming weeks. The…

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Russia May Allow Crypto Mining and Gold-Backed Stablecoins, Lawmaker Says

Russia can legalize cryptocurrency mining and stablecoins backed by gold under government control, a high-ranking member of the Russian parliament has suggested. The statement comes after Bank of Russia proposed…

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Botswana Cryptocurrency Regulation: Government Set to Present Virtual Asset Bill to Parliament

The Botswana government is set to present a “Virtual Asset Bill” to the country’s parliament, a move that could see it become one of the first countries in Africa to…

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Indonesian Religious Organization Issues Decree Forbidding Use of Crypto by Country’s Muslim Population

Indonesia’s Tarjih Council and the Central Executive Tajdid of Muhammadiyah have issued a fatwa (decree) stipulating the illegality of cryptocurrency use or investment by the country’s Muslims. The fatwa points…

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