ministry – DIGIT INFO

Terraform Labs CEO Do Kwon Faces Extradition to South Korea

DIGIT — Sat, 25 Mar 2023 05:15:01 +0000

According to a report published by AFP, Do Kwon, CEO of Terraform Labs, has been charged with document forgery in Montenegro. Kwon was arrested at the Podgorica airport while traveling with fake documentation. South Korean prosecutors have said the Terra co-founder faces extradition to South Korea. Montenegro Police’s Account of the Falsified Travel Documents Found […]

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Russia’s Interior Ministry Employs Tool to Identify Crypto Wallet Owners, Track Transactions

DIGIT — Sat, 10 Dec 2022 02:30:36 +0000

The Russian Ministry of Internal Affairs is now using a digital tool allowing officers to link cryptocurrency wallets to their owners. The software also has a feature facilitating the monitoring of crypto asset transactions, the department told Russian media. Russian Police Brag About New Crypto Tracing Tool on Eve of Anti-Corruption Day Employees of MVD, […]

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Uzbekistan Introduces Monthly Fees for Cryptocurrency Companies

DIGIT — Sun, 02 Oct 2022 05:30:21 +0000

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 […]

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Iranian businesses get the green light to use crypto for imports

DIGIT — Tue, 30 Aug 2022 08:19:54 +0000

Iran’s Trade ministry has approved the use of cryptocurrency payments for imports in a bid to bolster trade in the country.

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Russia’s Finance Ministry Supports Circulation of Stablecoins in Country

DIGIT — Sat, 09 Jul 2022 10:00:56 +0000

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 […]

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Anonymous Has Released Over 2 Million Russian Emails in Cyberwar With Russia

DIGIT — Tue, 12 Apr 2022 22:00:19 +0000

Hacktivist collective Anonymous claims it has already published millions of leaked Russian emails. The group has been waging a cyberwar on Russia over its invasion of Ukraine, carrying out attacks on government institutions, state-run television channels, and the central bank. Russia’s Culture Ministry Becomes Latest Target of Anonymous Anonymous has released well over two million […]

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Russian Prime Minister, Economy Ministry Support Legalization of Cryptocurrencies

DIGIT — Sun, 27 Mar 2022 07:49:49 +0000

Prime Minister Mikhail Mishustin and the Russian Ministry of Economic Development have backed efforts to regulate cryptocurrencies and integrate them into the country’s economy. The support comes amid mounting sanctions over the war in Ukraine which restrict Russia’s access to global finances. Finance Ministry’s Push to Legalize Russian Crypto Space Gains Traction Russian authorities are […]

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Russia’s Economy Ministry Calls for Introducing ‘Acceptable’ Electricity Rates for Miners

DIGIT — Thu, 17 Feb 2022 13:30:04 +0000

The Ministry of Economic Development of Russia has suggested that crypto mining should be allowed in energy-rich regions and miners provided with access to inexpensive electricity. The department has joined calls to legalize the industry and utilize Russia’s strengths as a mining destination. Crypto Miners Should Have Access to Cheaper Power, Economy Ministry Says Amid […]

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Ukraine’s Digital Ministry Plans to Pay Employees With Digital Hryvnia in Pilot Project

DIGIT — Wed, 18 Aug 2021 12:00:21 +0000

Employees of Ukraine’s Ministry of Digital Transformation may become the first in the country to get their salaries in digital currency. The National Bank of Ukraine is developing an electronic version of the Ukrainian hryvnia and the ministry is considering the option of using the state-issued coin for remuneration. Government Employees to Be Paid With […]

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Ukraine Unveils Roadmap to Integrate Cryptocurrencies by 2024

DIGIT — Fri, 23 Jul 2021 10:00:27 +0000

Government and business representatives have produced a roadmap to transform Ukraine into a leader in cryptocurrency integration. The authors of the new strategy want to see half of Ukrainians using digital currencies by 2024. The East European nation is expected to regulate its crypto space by the end of this year. Strategy for Crypto Market […]

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