Putin Bans Crypto Payments in Russia
Russian President Vladimir Putin has signed a bill into law making crypto payments illegal, reaffirming the ruble as the only accepted monetary unit in the Russian Federation. Domestic Crypto Payments...
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ECB Calls for Urgent Regulation of Stablecoins and Defi, Won’t Rule Out Bitcoin Mining Ban
A new report by the European Central Bank (ECB), presented as a “deep dive into crypto financial risks,” calls for “appropriate” regulation and oversight of stablecoins and decentralized finance (defi).…
Citing Benefits of Cryptocurrencies, South Africa Plans to Regulate Them as Financial Assets
Kuben Naidoo – Deputy Governor of South Africa Reserve Bank (SARB) – argued that cryptocurrencies, specifically bitcoin, provide numerous advantages to the monetary system. However, he claimed there is a…
ECB Recommends Mining Ban and Urgent Stablecoin Regulations
It comes as no surprise that the central bank wants to curtail crypto as much as it possibly can, advising EU lawmakers with a recent research paper. On July 12,…
Bank of Indonesia: Crypto Could Strengthen the Global Financial System but There’s a Catch
Doni Primanto Joewono – Governor of the Bank of Indonesia – argued that cryptocurrencies could provide financial inclusion and benefit the global monetary network. However, the sector will be much…
The Crypto Market Crash Prompts the FSB to Propose Global Regulations (Report)
The Financial Stability Board (FSB) – an organization created by the G20 countries that supervises the international monetary system – will reportedly propose a regulatory framework focused on digital assets.…
Hong Kong to Introduce Licensing for Crypto Platforms Through AML Law
New legislation tailored to regulate the crypto space in Hong Kong aims to implement a licensing regime for crypto service providers. The respective changes to the region’s anti-money laundering (AML)…
Here’s How the UK Plans to Close the Regulatory Vacuum in Crypto
The UK is gearing up to close the regulatory vacuum present in the crypto market. The recent crash has only strengthened lawmakers’ resolve. As such, the Bank of England’s Financial…
Fed Vice Chair Warns Bank Involvement in Crypto of Sparking Financial Instability
Federal Reserve Vice Chairwoman Lael Brainard urged policymakers to toughen up regulatory scrutiny on the crypto industry in a speech given at the Bank of England conference on Friday. Once…
Biden Administration Expected to Publish Report on Bitcoin Mining and the Industry’s Impact on Climate
According to a new report, U.S. president Joe Biden and his administration are focused on proof-of-work (PoW) mining. The principal assistant director for energy for the White House Office of…
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