concept – DIGIT INFO

National Bank of Ukraine Unveils E-hryvnia Concept

DIGIT — Thu, 01 Dec 2022 08:30:01 +0000

The central bank of Ukraine has presented to interested parties a draft concept of the nation’s future digital currency, the e-hryvnia. The regulator is currently considering several potential applications for its digital coin, including retail payments and cross-border settlements. Ukraine’s Monetary Authority Introduces Banks and Businesses to E-hryvnia Project The National Bank of Ukraine (NBU) […]

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Former Google CEO Eric Schmidt Is Skeptical About the Metaverse Concept

DIGIT — Mon, 04 Jul 2022 08:30:26 +0000

Eric Schmidt, who was CEO of Google, has declared that there is confusion about the concept of the metaverse and what it means for people. Schmidt stated that, even with a company like the former Facebook pivoting its operations to occupy the metaverse market, there is still not a clear definition of the concept and […]

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Draft Law About NFTs Submitted to Russian Parliament

DIGIT — Sat, 21 May 2022 19:30:18 +0000

Lawmakers have filed a bill with the State Duma aimed at introducing the term NFTs to Russian legislation. The authors of the draft say the rights of those who own non-fungible tokens need to be protected as Russians are currently dealing with NFTs at their own risk. Russian Deputies Propose Amendments Legally Defining NFTs Members […]

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Bank of Russia Seeks to Allow Stock Exchanges to Trade Digital Assets

DIGIT — Thu, 28 Apr 2022 10:30:38 +0000

The Central Bank of Russia has recently proposed authorizing traditional stock exchanges to operate in the digital assets market. Industry watchers say the regulator aims to provide investors with an option to trade cryptocurrencies in a controlled environment. Russian Stock Exchanges to List Digital Financial Assets, Central Bank of Russia Suggests Stock exchanges and central […]

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Russian Bankers Suggest Criminalizing Crypto Storage in Non-Custodial Wallets

DIGIT — Wed, 20 Apr 2022 11:30:49 +0000

Keeping cryptocurrencies in non-custodial wallets may be criminalized in Russia, if authorities accept a proposal from the trade association representing Russian banks. While financial regulators think the idea deserves attention, lawmakers and experts doubt it’s possible to implement such a measure. Russian Banks Move to Curb Use of Private Cryptocurrency Wallets Challenges with foreclosure and […]

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Proof-of-Work Ban Removed From Europe’s Proposed Crypto Regulation

DIGIT — Thu, 03 Mar 2022 10:30:11 +0000

A text threatening to prohibit cryptocurrencies relying on energy-intensive proof-of-work mining has been deleted from the draft legislation aimed at regulating the European crypto space. The move comes after the controversial provision sparked objections from the crypto community. MiCA Proposal Drops Ban on Proof-of-Work Coins Wording that could have banned cryptocurrencies with proof-of-work (PoW) mining, […]

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Banning Crypto Is Like Banning Internet in Russia, Finance Minister Says Amid Differences With Central Bank

DIGIT — Thu, 17 Feb 2022 21:00:10 +0000

It’s impossible to ban cryptocurrencies in Russia, the country’s minister of finance has stated in his first comments on his department’s latest disagreements with the Russian monetary authority. The two institutions are reportedly failing to reach consensus on crypto regulation but the treasury intends to submit draft legislation despite their differences. Disagreements on Future of […]

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No Crypto Loans and Fewer Trading Options – Russian Finance Ministry Clarifies Regulatory Plan

DIGIT — Mon, 14 Feb 2022 13:00:54 +0000

Russian authorities are not going to allow cryptocurrency lending, the finance ministry has announced, clarifying its proposals for crypto market regulation. The treasury department also revealed that not all cryptocurrencies will be available to Russian investors under the new rules. Russian Government to Restrict Investor Access to Crypto Assets Authorities in Moscow are not planning […]

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Russian Regulators Find Common Ground — Bitcoin Can’t Be Used for Payments

DIGIT — Sun, 13 Feb 2022 13:30:18 +0000

Russian authorities are yet to reach full consensus on the future of cryptocurrencies but government institutions are on the same side of the fence in their intention to ban bitcoin payments. Other operations with digital assets are to be legalized and regulated, representatives of Russian business have revealed. Russian Central Bank, Finance Ministry Agree to […]

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Russian Government Approves Plan to Regulate Cryptocurrency

DIGIT — Wed, 09 Feb 2022 13:35:26 +0000

The federal government in Moscow has adopted a concept for regulating the Russian crypto space as early as this month. The new framework is expected to place cryptocurrency flows under state oversight, introduce strict obligations for market participants, and ensure investor protection. Russian Authorities Move to Legalize Crypto Economy The Russian government “has determined the […]

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