‘Dark stablecoins’ could emerge as regulations tighten

‘Dark stablecoins’ could emerge as regulations tighten

With increasing government oversight, some crypto users may be forced to look for censorship-resistant stablecoins in the future. Censorship-resistant “dark stablecoins” could come in increasing demand as governments tighten their oversight of the industry.  Stablecoins have been used for various groups to store assets due to a lack of government interference; however, with regulations pending,…

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Russia finance ministry official floats country making own stablecoins: Report

Russia finance ministry official floats country making own stablecoins: Report

The deputy head of Russia’s Finance Ministry’s financial policy department, Osman Kabaloev, has reportedly said the country should be developing its own stablecoins. A Russian finance ministry official has reportedly said the country should be developing its own stablecoin after a recent freeze on wallets linked to the sanctioned Russian exchange Garantex by US authorities…

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Ukraine floats 23% tax on some crypto income, exemptions for stablecoins

Ukraine floats 23% tax on some crypto income, exemptions for stablecoins

The chair of Ukraine’s securities regulator, Ruslan Magomedov, says it made the crypto tax framework for lawmakers to make informed decisions on the various options. Ukraine’s financial regulator has proposed taxing certain crypto transactions as personal income at a rate of up to 23% but excluding crypto-to-crypto transactions and stablecoins.   Crypto transactions would be taxed…

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Genetic sharing site openSNP to shut down, citing concerns of data privacy and ‘rise in authoritarian governments’

Genetic sharing site openSNP to shut down, citing concerns of data privacy and ‘rise in authoritarian governments’

OpenSNP, a large open source repository for user-uploaded genetic data, will shut down and delete all of its data at the end of April, its co-founder has confirmed. In a blog post, openSNP co-founder Bastian Greshake Tzovaras attributed the decision to shutter the site both due to concerns of data privacy following the financial collapse…

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Senators press regulators on Trump’s WLFI stablecoin

Senators press regulators on Trump’s WLFI stablecoin

US Senator Elizabeth Warren and four colleagues quizzed leadership at the OCC and Fed about the “unprecedented risks” of President Donald Trump overseeing the WLFI stablecoin. Five Democratic lawmakers in the US Senate have called on leadership at regulatory agencies to consider the potential conflicts of interest from a stablecoin launched by World Liberty Financial…

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