Russian Leaders Consulting On The Use Of Digital Currency Russian leaders are pondering the possibility of using cryptocurrency for international payments. This idea was brought up due to the limitations placed on the country’s traditional means of payment. The country’s director of the Financial Policy Department Ivan Chebeskov speaking at a forum declared that the … Read more
Binance has decided to work with Kazakhstan’s government to foster crypto regulation. The exchange will provide advisory assistance to the government on crypto and blockchain development. On Thursday, the crypto firm announced the MOU signing with the Ministry of Digital Development, Innovations, and Aerospace Industry. Both parties are willing to work together to foster crypto … Read more
The environmental effect of BTC mining has become a hot topic in recent months. The climate campaigners keep claiming that PoW mining is too energy-intensive. But, according to Daniel Batten, BTC mining could reduce global carbon emissions by 5.32%. If BTC mining firms target methane emissions, they could prevent 0.15% global warming by 2045. BTC … Read more
Vladimir Putin’s government has been stepping up attempts to circumvent financial restrictions. Those imposed by the US and other countries after the Russian invasion of Ukraine. The country’s central bank said they would let stock exchanges trade in cryptos. Overseas Payments in Cryptocurrency in Russia According to Reuters, Russia may enable cryptocurrencies for foreign payments. … Read more
On the 21st of May, Republicans in the U.S. House of Rep released a new bill that would restrict the Department of Labor from curtailing the investment options that are available to employees in retirement accounts. In addition, the bill would make it possible for citizens of the United States to incorporate BTC in the … Read more
The Chief Executive Officer of the Commonwealth Bank of Australia (CBA), Matt Comyn, is certain that his institution will proceed with the second trial of cryptocurrency services on its mobile app once the regulatory ambiguity is resolved. Second Test On Crypto Trading Placed On Hold The CBA has decided to shelve its plans for a … Read more
Republicans Slowing Down Legislation On Stablecoin The Senate Banking Committee is now debating how to respond to the administration’s demand for stablecoin regulation; nevertheless, there is a significant party division about this issue. The Democrats on the Senate Banking Committee are concerned their Republican counterparts do not give the potential dangers posed by cryptocurrencies the … Read more
After disapproval over the adoption of Bitcoin as a legal tender by the Central African Republic, the IMF (International Monetary Fund) has shifted its focus to the CBDC of the Bahamas, the Sand Dollar. The agency has recommended that the country’s regulators conduct more supervision and provide more education for citizens. Apart from proposing that … Read more
South Korea’s democratically elected President has shown his understanding of cryptocurrency. The President has announced that there would be no imposed tax on cryptocurrency investment profits until laws can be put in place to safeguard consumers. President Yoon Delays Implementation of Cryptocurrency Taxation In a Tuesday announcement, South Korea’s President, Yoon Suk-yeol, said that he … Read more
The legislative arm in Hawaii has taken the bold step to regulate the usage of cryptocurrency and incorporate blockchain technology in the country. Two committees in the country’s legislative arm, Ways and Means (WAM) and Commerce and Consumer Protection (CPN), have unanimously supported the creation of a special task force that will investigate the regulation … Read more
