Sberbank, Russia’s largest bank, has been authorized by the country’s monetary policy regulator to issue digital financial assets. The move comes amid tightening Western sanctions over the war in Ukraine, including limiting Moscow’s access to the global financial market. Sberbank Added to Central Bank’s Register of Crypto Asset Issuers The Central Bank of Russia (CBR)…
Read more
As western sanctions increase the pressure on their country’s economy, many young Russians consider cryptocurrency to be a “reliable and profitable” investment option. According to a recent study, the share of Russian citizens who know about bitcoin has reached two thirds of the population.
Under Sanctions, Russians Consider Buying Property, Gold, and Crypto
Financial…
Read more
Russian regulators appear to be fast-tracking domestic companies’ efforts to become home-grown token exchanges – with the Central Bank approving the banking and IT giant Sberbank’s application to become an official “digital financial assets” (DFA) issuer. Back in January, Sberbank asked the Central Bank to grant it the right to issue a stablecoin for…
Read more
Ukraine’s President Volodymyr Zelenskyy has signed off on a new law that will bring cryptoassets under a legal umbrella – and allow national market regulators to police the sector. The move will pave the way for the country to begin taxing crypto. Prior to the outbreak of war, Ukraine had been hoping to regulate…
Read more
It appears the root cause of concern is the potential for digital assets to disrupt the rise of India as a global power. On Thursday, the Reserve Bank of India, or RBI, the country’s central bank, published a critical bulletin regarding the cryptocurrency industry. While the report praised the innovative distributed ledger technology associated with…
Read more
The entity had previously called for the government to ban cryptocurrencies in Russia. Less than two weeks after the Central Bank of Russia, or CBR, reiterated its position proposing to ban the issuance, mining and circulation of cryptocurrencies in Russia, it appears to have reevaluated its policy. In a press release published on Thursday, the CBR…
Read more
The price of bitcoin (BTC), ethereum (ETH), and most other cryptoassets moved higher today, after the US Federal Reserve (Fed) yesterday raised rates for the first time since 2018, and a discussion about bitcoin’s role in a future monetary regime re-emerged. As of Thursday at 16:00 UTC, BTC stood at USD 40,915. The…
Read more
United States Senators will hear testimony today on crypto and its role in the world of crime – but a former senior regulator has warned that politicians coming down too hard on the crypto sector risked throwing out the baby with the bathwater. The Senate’s Committee on Banking, Housing, and Urban Affairs meet today…
Read more
Digital financial assets like cryptocurrencies can help Russia to reach the global financial market despite western sanctions, a lawmaker working on crypto regulations has stated. The official believes the country is capable of setting up domestic crypto exchanges and should support mining. Russia Can Establish Own Cryptocurrency Exchanges, Deputy Insists The crypto space is an…
Read more
A hospitality brand from the United Arab Emirates(UAE), Stella Stays, has announced that its clients can now pay for services with cryptocurrencies. Clients can pay with bitcoin, ethereum, and 35 more digital assets. Stella Stays’ Tilt Towards ‘Futuristic Tech Offerings’ The UAE-based hospitality brand Stella Stays now accepts cryptocurrencies via its e-commerce platform, a report…
Read more
