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According to Jon Cunliffe, regulators needed to accelerate efforts to find a place for crypto in current frameworks based on the principle of “same risk, same regulatory outcome.” Go to Source Powered by WPeMatico
New legislation tailored to regulate the crypto space in Hong Kong aims to implement a licensing regime for crypto service providers. The respective changes to the region’s anti-money laundering (AML) rules have been submitted to its legislature while a recently published report examines relevant threats. Hong Kong Lawmakers to Review Bill Aligning Crypto Sector With … Read more
Russian financial watchdog Rosfinmonitoring is ready to accept the use of cryptocurrencies in international settlements, the head of the agency, Yuri Chikhanchin, has indicated. The statement adds to growing support for the legalization of international crypto payments in Russia amid financial restrictions imposed over its invasion of Ukraine. Top Financial Regulator in Russia Welcomes International … Read more
The Russian Ministry of Finance is ready to back the legalization of transactions with stablecoins in Russia, according to a high-ranking representative. While the ministry recognizes that cryptocurrencies could lay the ground for a new financial system, the department is unsure if it will be better than the current one. Russia’s Minfin Open to Legalizing … Read more
With the regulatory push for a tighter identification standards rises, the crypto industry definitely has some innovations to offer. Go to Source Powered by WPeMatico
The Web3 community has launched a number of initiatives to raise funds and awareness for women’s reproductive rights following the overturn of Roe v. Wade. Go to Source Powered by WPeMatico
Russia may establish a dedicated exchange to carry out cryptocurrency transactions locally, a high-ranking member of the State Duma has suggested. The new platform can be hosted by the Moscow Exchange, according to Anatoly Aksakov, head of the parliamentary financial market committee. Russian Authorities Mull Creating Domestic Cryptocurrency Exchange A crypto trading platform may be … Read more
The lower house of Russian parliament has adopted a law prohibiting the use of digital financial assets in payments. To implement the restriction, exchange operators have been obliged to reject transactions which make it possible to employ these assets as a means of payment. Russian Parliament Approves Legislation Preventing Digital Financial Asset Payments The majority … Read more
In his resignation letter, Economic Secretary to the Treasury John Glen said that “vital reforms” to the country’s financial services were ready to be presented to Parliament. Go to Source Powered by WPeMatico
The central bank said the growth of the crypto market did not pose an “immediate threat” to the United Kingdom’s financial system, but had the potential to do so in the future. Go to Source Powered by WPeMatico
