Japan adds Garantex to list of Russia sanctions over Ukraine war

Garantex was previously sanctioned by the US, the EU and other jurisdictions for helping Russian entities evade financial restrictions. The Japanese government has added Russian cryptocurrency exchange Garantex to its expanded list of sanctions against Russia, citing the continuing war in Ukraine. Officials added 33 organizations and nine individuals linked to Russia to its asset-freeze…

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El Salvador receives $138 million from IMF after Bitcoin waivers granted

Efforts will continue to reduce the state’s involvement in Bitcoin-related activities and to strengthen crypto‑asset regulation and governance, the IMF said. The International Monetary Fund approved the immediate disbursement of about $138 million to El Salvador under the country’s $1.4 billion financing program, despite some performance criteria being missed. The IMF’s Executive Board completed the…

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Crypto’s billions are back, but the premiums aren’t

Kalshi seeks a $40 billion valuation, while Blockchain.com targets an IPO and crypto treasury companies struggle to maintain their once-high valuations. Crypto companies are raising billions again, but investors are no longer handing out premiums indiscriminately. Kalshi is reportedly seeking $1 billion at a $40 billion valuation, nearly twice what it was worth in May….

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Crypto’s billions are back, but the premiums aren’t

Kalshi seeks a $40 billion valuation, while Blockchain.com targets an IPO and crypto treasury companies struggle to maintain their once-high valuations. Crypto companies are raising billions again, but investors are no longer handing out premiums indiscriminately. Kalshi is reportedly seeking $1 billion at a $40 billion valuation, nearly twice what it was worth in May….

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71% of UK finance leaders expect tokenization to reshape financial services: Lloyds

A Lloyds survey found that faster payments and settlement are the most significant perceived benefits of tokenization, as the UK builds infrastructure for tokenized finance. Nearly three-quarters of major UK financial institutions expect tokenization to reshape financial services, as banks and asset managers increasingly explore blockchain-based infrastructure for payments, settlement and liquidity management. The finding…

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