The Russian government has adopted a framework for laws regulating cryptocurrencies. One goal of the new policy is to integrate digital tokens into Russia’s financial system while ensuring the rights of private investors and preventing digital assets from being used to finance crime. “The government has determined the future of …
Read More »Russia set for complete ban on cryptocurrencies
The Bank of Russia has unveiled proposals that would see the sale, mining and circulation of cryptocurrencies banned as part of a radical move that finance chiefs say would protect the economy from the risks associated with digital currencies. In a statement issued on Thursday, the Central Bank argued that …
Read More »Cryptocurrencies crashing in major hub amid looming ban
The top crypto, bitcoin, dropped 14% on India’s WazirX crypto exchange and was just 0.5% down on Binance, according to Bloomberg statistics. Ethereum sunk 15% while shiba inu coin and dogecoin slid more than 20% on the WazirX, but were relatively unaffected on Binance and Kraken. Tether also plunged on …
Read More »Putin won’t rule out oil & gas trade in cryptocurrencies, but says they are too ‘volatile & energy-consuming’ for now
Speaking to CNBC on Wednesday, after taking part in the 20th annual Russian Energy Forum in Moscow, Putin criticized the monetary policy in Washington as undermining the dollar as the world’s reserve currency. Runaway inflation and debt at home, combined with using the dollar as a sanctions instrument abroad, are …
Read More »What’s really behind the EU’s latest effort to regulate cryptocurrencies? RT’s Boom Bust wants to know
Crypto analyst Christy Ai tells Boom Bust who’s being targeted by these latest proposals. For more stories on economy & finance visit RT’s business section
Read More »Cryptocurrencies lose nearly $280 BILLION in value after bitcoin drops below $40,000
The world’s number one digital asset bounced back to just above $40,000 as of 8am GMT, but was still trading 11% lower compared to the previous day. The plunge reportedly comes after Chinese authorities banned financial institutions and payment firms from providing services connected to cryptocurrency transactions. The restrictive measures, …
Read More »Turkey bans use of cryptocurrencies for payments, citing possible ‘irreparable’ damages
The regulator said in a statement published in the Official Gazette that cryptocurrencies and other such digital assets based on distributed ledger technology could not be used, either directly or indirectly, as an instrument of payment. “Payment service providers will not be able to develop business models in a way …
Read More »Crypto going mainstream: Mastercard to allow payments in cryptocurrencies
Announcing the move on its blog post on Wednesday, the company stressed that not all the existing cryptocurrencies will be supported on its network. While it did not specify which it is going to support, Mastercard noted that not all digital assets meet the required criteria. “We expect consumers and …
Read More »Crypto going mainstream: Mastercard to allow payments in cryptocurrencies
Announcing the move on its blog post on Wednesday, the company stressed that not all the existing cryptocurrencies will be supported on its network. While it did not specify which it is going to support, Mastercard noted that not all digital assets meet the required criteria. “We expect consumers and …
Read More »Bitcoin out, digital rupee in: India cracks down on private cryptocurrencies while seeking to launch its own digital coin
The ‘Cryptocurrency and Regulation of Official Digital Currency Bill’ was put on the government’s agenda, according to a bulletin, released by the lower house of parliament earlier this week. The proposed law could be discussed in several sessions, the first of which could be held as early as next week. …
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