The voices calling for Russia to legalize Bitcoin (BTC) and crypto mining are continuing to grow louder, with the Deputy Prime Minister, prominent academics, and a leading economic think tank all suggesting that legislation should be rolled out in the near future. RBC reported that the Russian Deputy Prime Minister Alexander Novak had spoken…
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Authorities in Russia have arrested a crypto entrepreneur associated with an unidentified cryptocurrency exchange who is suspected of embezzling funds and property. According to a media report, the detained person is one of the owners of Wex, successor of the infamous BTC-e exchange.
Owner of Wex Exchange Apprehended in Russia
Russian law enforcement agencies…
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Amid an intensifying competition for customers, the US online trading platform Robinhood has rolled out a new cash card that offers various rewards to its users, including crypto bonuses, with a waitlist available to the platform’s customers. “The Cash Card builds on our mission to democratize finance for all by giving debit card customers…
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About 45% of surveyed US financial advisors say they expect to use crypto in the future in response to client requests, according to a recent report released by financial research and consulting firm Cerulli Associates. However, 7% declare they currently use such assets based on their own recommendations, and 10% use them due to…
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Law enforcement officers in Kazakhstan have busted another mining facility as they continue to crack down on illegal activities in the sector. The crypto farm, located at a railway station, is the latest targeted mining operation in the country which has been struggling with its power deficit. Authorities in Kazakhstan Seize Over 100 Mining Rigs…
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Despite the efforts by the Canadian government, most of the CAD 1.1m (USD 874,000) worth of cryptoasset donations made to the trucker protests (aka “Freedom Convoy”), an initiative that evolved out of the anti-COVID-19 health mandate protests, have reportedly dodged seizure by the authorities…. Read More: Crypto Donations To ‘Freedom Convoy’ Evade Government Seizure…
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The Advertising Standards Authority (ASA), the self-regulatory organization of the advertising industry in the United Kingdom, has sent an “Enforcement Notice” to over 50 companies that promote digital assets, asking them to review their ads. The notice mandates crypto companies to comply with the regulator’s guidance, warning that a failure to do so could…
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Banks on both sides of the Russia-Ukraine war are taking measures to restrict the flow of crypto funds overseas, with central banks keen to limit private citizens from making crypto-related cross-border transactions through banks…. Read More: Regulators in Ukraine, Russia Tell Banks to Block Certain Types of Crypto Transfers Read more »Pay, Trade, Buy…
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Investment banking giant Goldman Sachs is “close to announcing” that it is the first major bank in the US to trade an over-the-counter (OTC) crypto transaction, per multiple reports. The bank traded a non-deliverable bitcoin (BTC) option – a derivative tied to the BTC price that pays out in cash – with crypto merchant bank Galaxy…
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In a bid to enhance the financial inclusion of young people, the Malaysian Ministry of Communications and Multimedia has proposed to the country’s authorities to designate cryptoassets as Malaysia’s legal tender. Datuk Zahidi Zainul Abidin, Malaysia’s Deputy Communications and Multimedia Minister, said the ministry was looking into ways to encourage the country’s youth to…
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