Mastercard launches new crypto fraud protection tool
Mastercard’s new product allows banks to find and prevent fraud on crypto merchant platforms within its network. Go to Source Powered by WPeMatico
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Cathie Wood’s ARK Invest to offer crypto strategies to investment advisors
In partnership with Eaglebrook, the strategies will be offered to registered investment advisors. Go to Source Powered by WPeMatico
Binance signs MoU with Kazakhstan to fight financial crime
Binance claimed that its compliance infrastructure is among the best in the world which has helped them gain regulatory approval even in countries where they were deemed illegal until last year. Go to Source Powered by WPeMatico
Bank of Russia Adds Digital Assets to Banking Chart of Accounts
Central Bank of Russia has introduced digital assets, including the digital version of the Russian ruble, to the recently published draft of the new banking chart of accounts. In the future, financial institutions will be able to provide data about operations with these assets. Russian Banks to Record Digital Currencies as Assets in Their Accounting … Read more
Uzbekistan Introduces Monthly Fees for Cryptocurrency Companies
Crypto firms in Uzbekistan will have to pay fees to the state under new legislation proposed by regulators. The charges vary depending on the business activity and can reach $11,000 a month in the case of digital asset exchanges. Failure to pay will result in license suspension. Crypto Operators in Uzbekistan to Be Charged Fixed … Read more
Bill Aims to Limit Crypto Mining in Kazakhstan Only to Registered Companies
New legislation proposed in the parliament of Kazakhstan will allow only authorized miners to mint digital currency, if adopted. The draft has been designed to comprehensively regulate the industry and reduce what its sponsors label as uncontrolled consumption of electricity in the sector. Lawmakers in Kazakhstan Submit Crypto Mining Law, Seek to Curb ‘Gray’ Mining … Read more
Russia to Supply Electricity to Kazakhstan’s Cryptocurrency Miners
Russia is preparing to provide Kazakhstan with additional energy needed to operate crypto mining farms in the Central Asian nation. New arrangements will allow Kazakhstan’s miners to buy electricity directly from the Russian power generation and distribution giant Inter RAO. Miners in Kazakhstan to Source Energy From the Russian Federation Crypto mining enterprises operating in … Read more
What is the economic impact of cryptocurrencies?
Cryptocurrencies spur financial inclusion, protect against inflation and enhance the global economy despite the recession. Go to Source Powered by WPeMatico
Latest EU Sanctions to Restrict Russians’ Access to Crypto Services in Europe, Report Unveils
New sanctions discussed by EU member states amid the current escalation of the conflict in Ukraine are going to restrict European crypto services for Russians. Reports about the tightening have come after earlier this year the Union banned only “high-value” crypto-asset services to Russian residents and companies. EU Expected to Target Crypto Services for Russians … Read more
Crypto and decentralization could influence voters in 2022 US midterm elections: Report
“Voters are less likely to support candidates perceived as standing in the way of a decentralized internet,” said Haun Ventures. Go to Source Powered by WPeMatico