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Russia backtracks from plan to create national crypto exchange
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS on…
Binance reportedly lifts €10,000 limit on Russian accounts
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS on…
Russian lawmakers looking to establish state-backed crypto exchange
Russian lawmakers are working on a draft amendment bill enabling the country to launch a national crypto exchange, local media Vedomosti reported on Nov. 23. An unnamed participant in the discussions revealed that the lawmakers were in touch with market stakeholders on the amendments needed for the country’s crypto regulations. According to the report, the legislators…
EU narrows Russia’s options further with crypto sanctions
The European Union (EU) commission has imposed a new wave of sanctions on Russia over its invasion of Ukraine, according to an Oct. 6 press statement. “(All) existing prohibitions on crypto assets have been tightened by banning all crypto-asset wallets, accounts, or custody services, irrespective of the amount of the wallet (previously up to €10,000…
Russia’s financial regulators agrees on crypto use for international payments
Russia’s deputy finance minister Alexei Moiseev has said that the country’s apex bank and the finance ministry reached an agreement that would allow the use of cryptocurrency for international payments, Russia-based Kommersant reported on Sept. 22. According to the report, the new development is geared toward allowing Russians access to digital wallets. Moiseev reportedly said:…
Russia PM sets December deadline for international crypto payments rule
Russia’s Prime Minister Mikhail Mishustin has directed the country’s financial regulators and other relevant state authorities to “develop an agreed position” for crypto regulations by Dec. 19. According to the directive, Russia’s Ministry of Finance, alongside the Bank of Russia, Rosfinmonitoring, the Federal Tax Service, and the FSB, must work together to “draft federal laws”…
Russia to reportedly consider crypto use for international payments
Russia’s central bank has revealed that the country could re-consider using crypto for international payments, local news agency TASS reported on Sept. 5. According to the report, Russia’s Deputy Finance Minister Alexei Moiseev said the apex bank and the finance ministry could legalize crypto payments soon. Moiseev continued that Russians’ reliance on foreign platforms for crypto…
Finland earns $48M from sales of seized Bitcoin
Finland has sold 1889.1 Bitcoin (BTC) from its confiscated stash, earning roughly $48 million, Bloomberg News reported July 21. Reports revealed that the sold Bitcoins were connected to digital assets seized by the authorities for facilitating narcotics and doping substances transactions. Bloomberg reported that the confiscated Bitcoin units went as far back as 2018 and…
Stablecoin rules among topics discussed during Janet Yellen’s meeting with Japanese officials
U.S. Treasury Secretary Janet Yellen met with Bank of Japan Governor Haruhiko Kuroda to discuss several multilateral financial regulatory issues, including stablecoins, Reuters reported. According to the report, the Treasury Secretary also met Japan’s finance minister, Shunichi Suzuki, to discuss the national currencies of both countries. The U.S. dollar has recently been faced with increasing…