An opinion columnist writing for Bloomberg has identified two flaws that “fundamentally undermine” the United States and EU-led “sanctions regime” against Russia – and neither have anything to do with the use of crypto. Since the start of the conflict in Ukraine, senior lawmakers in the USA and elsewhere have claimed that wealthy Russians…
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Russian law enforcement agencies have gone after the organizers of a large crypto pyramid which has been promising extraordinarily high returns. The Ponzi scheme is being unraveled after a similar project defrauded thousands of investors in Russia, the region, and far beyond. Police Find Crypto Pyramid Organizers in Dagestan, Russia Officers from the Federal Security…
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Russia is moving away from the dollar and the euro as payment options for its energy exports, and bitcoin has been mentioned as a possible substitute alongside the ruble and the national currencies of partnering countries. A high-ranking parliamentarian has indicated that Moscow may take cryptocurrency for natural gas and other resources. Russian Official Mentions…
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The war in Ukraine will make countries “re-evaluate their currency dependencies,” with work on digital currencies likely to be accelerated, according to Larry Fink, CEO and Chairman of the major asset manager BlackRock. Writing in a letter to shareholders published on Thursday, Fink said that the war, and the severe economic sanctions on Russia…
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Spain’s Ministry of Treasury has admitted that Spanish citizens are not forced by law to declare their cryptocurrency holdings under the disputed Model 720, which involves declaring funds held abroad. While the antifraud law approved last year established this duty, there are still no rules regarding cryptocurrency after Model 720 was declared to be illegal…
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The Ukraine government now accepts donations in 14 different cryptoassets, offering donors the option to choose between some of the most popular projects within the crypto market…. Read More: Ukraine Now Accepts Donations in 14 Cryptoassets Read more »Pay, Trade, Buy Bitcoin with Credit Card
The High Court of Singapore, the lower division of the country’s Supreme Court, has issued a ruling in which, for the first time, it recognizes crypto as property and grants proprietary injunctions against persons suspected of its theft…. Read More: Singaporean Court Recognizes Crypto as Property in Theft Case Read more »Pay, Trade, Buy…
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Regulators in Thailand have decided to limit the use of cryptocurrencies as a means of payment. The authorities consider the country’s current payment system efficient and insist cryptos would only bring risks for the financial system, economy, people and businesses. Thailand SEC Issues Regulations Limiting Use of Digital Assets for Payments Financial regulators in Thailand…
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Thailand has banned the use of cryptocurrencies as a means of payment for goods and services in the country, saying that their use could threaten financial stability and the national economy. According to a notice published on the website of Thailand’s Securities and Exchange Commission (SEC) in cooperation with the Bank of Thailand (BOT),…
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“Chaos” could turn into farce in Spain – where it turns out that a controversial tax and asset declaration form will not apply to crypto after all. Or at least not this year…. Read More: After a Scare, Spaniards Won’t Have to Declare their Overseas Crypto Holdings this Year Read more »Pay, Trade, Buy…
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