Cryptocurrency may be bad for investors but it can be useful in international settlements, according to a top government official in Moscow. Russian authorities intend to set up a special committee that would issue permits to operators employing crypto in foreign trade transactions, he indicated. Russia Plans to ‘Experiment’ With Cross-Border Crypto Payments Amid Sanctions…
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The US House Financial Services Committee and House Agriculture Committee are set to introduce comprehensive legislation to oversee the cryptocurrency sector in the next two months. Before unveiling the new bill, the two committees will hold a joint public hearing, which is scheduled to start in May, Representative Patrick McHenry, chair of the House Financial…
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A federal judge in Brazil has ordered the temporary suspension of Telegram in the country and established hefty fines due to the supposed lack of collaboration of the company in a national crusade against school violence. Telegram failed to deliver information regarding the actions it is taking against neo-Nazi groups, and now it has been…
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Ukraine is set to roll out new, EU-inspired crypto regulations, with Kyiv hoping to impose the rules before the year is out. Forbes Ukraine reported that the National Commission on Securities and the Stock Market, the Ministry of Digital Finance, the National Bank of Ukraine (the central bank), and MPs are currently working on a…
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The securities regulator in the Bahamas has unveiled a new piece of draft regulation developed as a response to the collapse of the Bahamas-based crypto exchange FTX. The new bill, titled the Digital Assets and Registered Exchanges (DARE) Bill 2023, is an update to the original DARE Act of 2020. Among other things, it expands…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: Hackers Using Victims’ AT&T Email Addresses to Steal Crypto, Revolut Partners with Koinly, Kraken Fights IRS, Circle Launches Mainnet Protocol for USDC Transfers Between Ethereum & Avalanche Read…
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Hong Kong’s Securities Futures Commission (SFC) will release guidelines on the licensing regime for cryptocurrency exchanges by next month. SFC CEO Julia Leung announced the plan during an event, noting that the city will unveil its new cryptocurrency framework in May, according to a Thursday report by Bloomberg. … Read More: Hong Kong Regulators Set to Reveal Crypto…
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A court in the British Overseas Territory of Gibraltar has ordered several crypto exchanges to assist in the investigation of the collapsed crypto trading firm Globix. Per a report from the Financial Times on Tuesday, investigators are seeking to track down $43 million in missing funds from Globix, with exchanges now ordered to identify the…
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From being seen as a small “anti-establishment rebellion asset” more than ten years ago, crypto has grown to “become more widespread,” says Sarah Pritchard, an executive director at the United Kingdom’s Financial Conduct Authority (FCA). Pritchard said while the FCA has routinely warned consumers of risks associated with crypto, the watchdog has “always been open…
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“When you target one industry the way they are with this bill, that’s bad policy no matter what the industry you’re targeting,” said Satoshi Action Fund CEO Dennis Porter. Roughly 100 people answered the call from crypto advocacy groups Chamber of Digital Commerce, Satoshi Action Fund and Texas Blockchain Council to show Texas lawmakers they…
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