Category: Cryptocurrency

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Human Rights Advocates Insist Bitcoin ‘Provides Financial Inclusion’ — Refutes Claims in Critics’ Letter to US Congress

June 13, 2022

Human rights defenders from 20 countries have insisted that bitcoin “provides financial inclusion and empowerment because it is open and permissionless.” Together with stablecoins, the cryptocurrency offers “unparalleled access to the global economy” for people from countries whose currencies have either collapsed or are cut off from the rest of the world. Bitcoin as a…
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EU Nears Agreement on Crypto Regulations, Report Reveals

June 12, 2022

Authorities in the EU are moving closer to a deal on a legislative package tailored to comprehensively regulate the crypto market and related activities in Europe. According a media report, an agreement on the key legislation is likely to be reached as early as this month. Deal on EU Crypto Law Expected by End of…
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Crypto-Related Lawsuits Rising in Russia, Criminal Cases Increase by 40%

June 12, 2022

Courts in Russia are hearing a growing number of cases around crypto assets, a new study has shown. About two-thirds of them have been launched under provisions of the country’s Criminal Code but civil cases represent a large share as well. Criminal Cases Involving Cryptocurrency in Russia Near 1,000 in 2021 Lawsuits related to cryptocurrency,…
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Lithuanian Government Approves Stricter Crypto Regulations

June 11, 2022

The government in Vilnius has approved amendments introducing more stringent regulations for the country’s growing crypto space. The legislation is aimed at managing risks associated with crypto assets and preventing Russian attempts to circumvent Western sanctions imposed over the war in Ukraine. Lithuanian Authorities to Tighten Rules for Crypto Industry Lithuania is preparing to revise…
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Mastercard to Implement Payments for NFT and Web3 Projects

June 11, 2022

Payments giant Mastercard has announced it is working to bring direct payment support for a number of NFT and Web3 platforms with its cards. According to the company, this will enable more customers to enter the industry as the barrier to acquiring such digital goods is lowered via more flexible payment products. Mastercard To…
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New Law Would Ban Crypto Pay in Russia (Again) as Miners Struggle to Convince Central Bank to Legalize Industry

June 9, 2022

  Crypto advocates are still facing an uphill struggle in Russia – where MPs are expected to vote in favor of a proposal that would ban the use of “monetary surrogates” as a form of payment. And it appears that crypto miners are yet to persuade the influential Central Bank Governor Elvira Nabiullina that their…
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Brazilian Judge Dismisses Bitcoin Scam Mastermind’s Attempt to Block His Extradition to South Africa

June 9, 2022

A Brazilian judge has ruled that the CEO of Mirror Trading International should remain in precautionary detention as authorities in South Africa have already furnished their Brazilian counterparts with the documentation that is required for extradition purposes. The judge also rejected Johann Steynberg’s attempts to use his Brazilian family as the basis for seeking an…
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Kazakhstan Central Bank Exploring ‘Opportunities in Crypto, DeFi ‘Innovation’

June 8, 2022

  Kazakhstan’s central National Bank has stated that it is “interested in” the “opportunities for innovation” that cryptoassets and DeFi can “give” the government. Per Tengrinews, the Governor of the National Bank Galymzhan Pirmatov told journalists at a press conference, that Kazakhstan wanted to benefit from the technology that had been developed by the “cryptocurrency…
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Edge announces confidential no-KYC digital currency Mastercard

June 8, 2022

The company said there will be a $1,000 daily spending limit, but no personal information is required. On Wednesday, self-custody crypto exchange Edge announced a no-Know Your Customer (KYC) debit Mastercard that can be funded with Bitcoin and other digital currencies. Without KYC verification, users would be able to spend their crypto at more than…
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Ethiopian Central Bank Urges Residents to Stop Engaging in Crypto Transactions

June 8, 2022

The National Bank of Ethiopia (NBE) has said it does not recognize cryptocurrencies as a legitimate method of payment and that residents must avoid using them. The bank insists the local birr currency is the only lawful means of settling transactions in Ethiopia. Illegal Transactions The Ethiopian central bank has warned citizens against engaging in…
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