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” US Virginia Senate allows state banks to offer crypto custody services “ The Senate of Virginia in the United States unanimously approved a bill amendment request that now allows traditional banks operating in the Commonwealth of Virginia to provide virtual currency custody services. Delegate Christopher T. Head introduced the bill (House Bill No. 263)…
” Ukraine finds unlikely ally in efforts to bar Russian access to crypto: The Central Bank of Russia “ Recently, Ukraine has called for “sabotage” of everyday Russians’ crypto assets due to an ongoing war between the two countries. Among many, its European allies have also voiced mounting concerns that Russia may use crypto to bypass…
” CEXs refuse blanket asset freeze of all Russian users, though questions linger “ Centralized exchanges (CEX) and CEOs from companies such as Binance, Coinbase and Kraken have all stated they would only freeze the assets of Russian clients specifically targeted by Western sanctions — not that of everyday Russian users. A few days prior, Mykhailo…
” Crypto offers Russia no way out from Western sanctions “ With the concerns of Janet Yellen and Hillary Clinton notwithstanding, there isn’t enough cryptocurrency in the world to bail out Russia from the economic hole which it now finds itself to be settling into. Even if there were a large enough supply, it probably…
” How are crypto execs reacting to economic sanctions against Russia? “ As the West and America tighten their economic sanctions on Russia, concerns have emerged about how this will affect the cryptocurrency market. The country has been largely cut off from the SWIFT international payment system, and businesses in the United States and other…
” New York Bitcoin mining moratorium bill garners more support “ A New York State proposal to suspend fossil fuel-powered proof-of-work mining for three years across the state has gained support from two more Assembly members. Members Amy Paulin and Ken Zebrowski have thrown their names in along with 43 other cosponsors for bill A7389B….
” Russian crypto volume across major exchanges plunges by 50% “ Data from blockchain-analysis firms show that Russian denominated crypto purchasing and trading on major exchanges have faltered, debunking theories that the country will pivot to digital assets to circumvent sanctions. When Bitcoin rallied over 15% last week, some industry experts attributed the surge to…
” OpenSea updates banned countries list sparking decentralization debate “ U.S.-based NFT marketplace OpenSea has reportedly begun barring Iranian users from its platform, sparking outrage from NFT collectors and raising fresh debate about decentralization in the crypto space. On Thursday morning, Iranian OpenSea users started posting on Twitter that their accounts were being deactivated or…
” Dogecoin Foundation registers name and logos as trademarked within in the EU “ The Dogecoin Foundation announced on Twitter on Wednesday that it had registered “Doge,” “Dogecoin” and its associated logos as trademarks in the European Union. The certificate displayed in the tweet was dated Jan. 13, 2022. Foundation executive board member Jens Wiechers…
” The city of Lugano will accept Bitcoin, Tether and LVGA tokens as ‘de facto’ legal tender “ Switzerland’s southern city of Lugano plans for many local businesses to accept some cryptocurrencies as “de facto” legal tender as part of a partnership with Tether (U. Speaking at the city’s Plan B event on Thursday, Tether…