Bitcoin & cryptocurrency news

Bank of Russia Sets Out to Regulate Digital Asset Taxation, Exchange, Still Opposed to Crypto

Bank of Russia Sets Out to Regulate Digital Asset Taxation, Exchange, Still Opposed to CryptoThe Central Bank of Russia supports the development of digital financial assets but remains opposed to legalizing crypto payments, its top management has reiterated. The monetary authority is now working on a set of regulatory proposals that will be submitted to parliament by the end of the year. Russia’s Central Bank Takes Legislative Initiative in […]

Bitcoin & cryptocurrency news

Uzbekistan Unblocks Popular Russian Crypto Exchange Aggregator

Uzbekistan Unblocks Popular Russian Crypto Exchange AggregatorThe government body overseeing the crypto market in Uzbekistan has restored access to Bestchange.ru, a well-known exchange aggregator in the region. The move comes after earlier this year the regulator blocked a number of coin trading platforms, including Binance. Residents of Uzbekistan Can Again Use the Services of Bestchange.ru Uzbekistan’s National Agency of Perspective Projects […]

Bitcoin & cryptocurrency news

Swiss Financial Watchdog Releases Revised AML Ordinance, Clarifies Crypto Requirements

Swiss Financial Watchdog Releases Revised AML Ordinance, Clarifies Crypto RequirementsThe Swiss financial regulator has published its updated anti-money laundering (AML) ordinance, noting it’s extending the coverage to include blockchain trading platforms. It also clarified certain reporting and identification requirements that apply to crypto transactions. Financial Authorities Adjust Swiss Anti-Money Laundering Rules Concerning Crypto Transfers Following consultations that started earlier this year, the Swiss Financial […]

Top Russian Lawmaker Joins Calls for Legalizing International Crypto Payments

Top Russian Lawmaker Joins Calls for Legalizing International Crypto PaymentsA high-ranking member of the Russian parliament has urged for the adoption of a relevant legal framework to properly regulate cross-border crypto payments. His proposal comes after key regulators in Moscow said that Russia needs to allow the use of cryptocurrencies in foreign trade, now that it’s having to deal with serious financial restrictions. Financial […]

Europol Sees Tools to Tackle Crime in Cryptocurrency and Blockchain Technologies

Europol Sees in Cryptocurrency and Blockchain Technologies Tools to Tackle CrimeAbuse expands with use in the case of cryptocurrency, Europol has acknowledged while also noting that blockchain technologies offer authorities a new opportunity to fight crime. Europe’s law enforcement agency also says they can help investigate money laundering networks. Understanding Cryptocurrencies Is Vital to Tackling Organized Crime, Europol Says The growing use of cryptocurrency across […]

Bank of Russia to Promote Digital Ruble in Foreign Trade as Finance Ministry Pushes for Crypto Option

Bank of Russia to Promote Digital Ruble in Foreign Trade as Finance Ministry Pushes for Crypto OptionDays after the two institutions agreed on the need for cross-border crypto payments, the finance ministry and the central bank of Russia are once again highlighting their different priorities. While the treasury department aims for legalizing cryptocurrency payments in the coming months, the monetary authority says it will “actively promote” its digital currency for international […]

Crypto Economy Loses $102 Billion in 30 Days — BTC, SOL Shed the Most Losses

Crypto Economy Loses $102 Million in 30 Days — BTC, SOL Shed the Most LossesA great deal of digital currencies are down in value during the last 30 days and the worst performing crypto out of the top ten coins with the largest market valuations was solana, losing 19.12% against the U.S. dollar. Bitcoin was the second biggest loser in the top ten, as the leading crypto asset shed […]

South Korean Government’s Youtube Channel Hacked to Play Crypto Video With Elon Musk

South Korean Government’s Youtube Channel Hacked to Play Crypto Video With Elon MuskThe official Youtube channel of the South Korean government has been hacked on Saturday and those who did it, broadcasted a cryptocurrency-related clip. The video also featured billionaire and crypto enthusiast Elon Musk, local media reported quoting sources in Seoul. Hackers Air Interview With Musk via Korean Government’s Youtube Account The official Youtube channel of […]

Ukrainian Parliament Adopts Amended Virtual Assets Law

Ukrainian Parliament Adopts Amended Virtual Assets LawUkrainian lawmakers have approved an updated version of legislation tailored to regulate the country’s crypto economy. The bill, which was first passed last year, was later returned to the legislature by President Volodymyr Zelensky who requested some changes. Majority of Ukrainian Deputies Back Law ‘On Virtual Assets’ Verkhovna Rada, Ukraine’s parliament, has adopted new legislation […]

Russia Adopts Law Allowing State to Seize Illegal Funds, Digital Assets From Officials

Russia Adopts Law Allowing State to Seize Illegal Funds, Digital Assets From OfficialsThe State Duma of Russia, the lower house of parliament, has passed a law permitting law enforcement authorities to seek confiscation of illegally obtained funds from government officials, including cryptocurrency. The state may attempt to seize the assets through court if they exceed the officials’ income. New Law Allows Russia to Prosecute Officials With Illegal […]