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“# Central bank overkill: Russia’s proposed crypto ban and why everyone’s against it ” On Jan. 20, the Central Bank of Russia (CBR) issued a report summarizing its position on digital assets and proposing a ban on any crypto trading and mining operations in the country. Although the CBR’s strict position on the matter was…
“# Crypto industry seems willing to adopt FATF travel rule: Survey ” The cryptocurrency industry is eager to comply with the Financial Action Task Force’s (FATF) so-called Travel Rule, and appears willing to work with regulators in order to expedite the process, a new survey found. As per a survey conducted by Notabene, a crypto…
“# Russian Finance Ministry submits crypto regulatory framework for review ” In a new twist of the Russian crypto regulation saga, the country’s Ministry of Finance has come forward with an initiative that stands in stark contrast with the central bank’s hardline position. The Central Bank of Russia recently called for a ban on crypto…
“# SEC reportedly probing crypto lending products by Gemini and Celsius ” The United States Securities and Exchange Commission (SEC) is reportedly reviewing some of the high-yield crypto lending products offered by Gemini, Celsius Network and Voyager Digital. According to a report published in Bloomberg, the SEC is conducting an inquiry into digital asset lending…
“# IRS special agent: Crypto’s the future but there are ‘mountains of fraud’ ” A top special agent from the Internal Revenue Service has told a conference that NFTs and crypto are the “future” but highlighted that fraud and manipulation is still rampant in the space. Ryan Korner from the IRS Criminal Investigation’s Los Angeles…
“# Ban less likely? Putin says crypto mining has advantages in Russia ” Russian president Vladmir Putin has given crypto enthusiasts a glimmer of hope for the future of digital assets in the country, which have been under threat from a recent push to ban cryptocurrencies and mining. The strongman leader opened a Jan 26…
“# SEC pushes decision on ARK 21Shares Bitcoin ETF to April 3 ” The U.S. Securities and Exchange Commission has extended its window to approve the ARK 21Shares Bitcoin exchange-traded fund (ETF) originally proposed in July 2021. According to a Tuesday filing from the SEC, the regulatory body will push the deadline for approving or…
“# Crypto policy advocacy group warns of ‘disastrous’ provision in a new US bill ” Jerry Brito, the executive director of non-profit crypto policy advocate group Coin Center, suggested U.S. residents call their elected officials over possible privacy and due process concerns in a new bill proposed by House leaders. According to a Wednesday Twitter…
“# Turkish president orders ruling party to organize metaverse forum ” Turkish President Recep Tayyip Erdoğan and ruling Ak Party officials met earlier this week to discuss the metaverse, with the president calling for comprehensive research on the subject. Erdoğan has reportedly urged the Ak Party to study the metaverse, cryptocurrencies, and how transactions are…
“# Can DeFi and CeFi coexist? Three takeaways from experts panel ” As price action bewilders market makers and traders, experts in the crypto industry reached an agreement on several important points last week. Notably, centralized finance (CeFi) and decentralized finance (DeFi), can coexist, and a “blend” of financial products and services will be available…