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The U.S. Treasury Department has blacklisted Suex, a cryptocurrency broker based in Russia, for its money laundering activities. The platform is suspected of processing hundreds of millions of dollars in crypto transactions related to scams, ransomware attacks, darknet markets, and the infamous BTC-e exchange. OFAC Adds Russian Crypto OTC Exchange Suex to Blacklist The Office … Read more
Mastercard’s upcoming acquisition of CipherTrace demonstrates the need for payments giants to partner with crypto firms to enable digital asset innovation. Go to Source Powered by WPeMatico
Two pieces of legislation related to cryptocurrencies recently took effect in the state, and many businesses already accept digital payments. Go to Source Powered by WPeMatico
Central Bank of Russia is now working with commercial banks in order to delay payments made to digital asset exchanges. The move aims to limit “emotional” cryptocurrency purchases made by “unqualified” Russian investors, a CBR official revealed. The move is likely to affect peer-to-peer and over-the-counter trading platforms. Central Bank of Russia Skeptical of Cryptocurrency … Read more
The Turkish central bank has established a new platform together with technology stakeholders to further the development of a digitalized version of the national fiat currency. The new collaboration will allow Turkey to focus on expanding research and conducting tests of the prospective digital lira. Turkey Sets Up Digital Lira Collaboration Platform The Central Bank … Read more
Cryptocurrency cannot be adopted as a means of payment in Uzbekistan, a high-ranking official from the country’s central bank has recently stated. Speaking to local media, the regulator’s representative also noted that unlike cryptocurrencies, the national fiat is backed by the bank’s assets. The statement comes in spite of Tashkent’s crypto-friendly moves in the past. … Read more
One official said that after banning crypto payments in late 2019, Uzbekistan won’t ever reconsider its decision. Go to Source Powered by WPeMatico
The Indian Institute of Technology Madras will test use cases around the Hedera Token Service, a public blockchain for payments. Go to Source Powered by WPeMatico
El Salvador’s state Bitcoin wallet has continued facing major issues in a week after the official rollout. Go to Source Powered by WPeMatico
According to CNBC, a Walmart spokesperson confirmed a press release on Litecoin was “not authentic” roughly an hour after the initial report broke. Go to Source Powered by WPeMatico