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The launch of a digital ruble will be among Russia’s key priorities of digitalization this decade, the country’s financial market development strategy has confirmed. The document claims the issuance of a digital national fiat will help the central bank to prevent Russians from using “money surrogates” as officials have previously called cryptocurrencies. Bank of Russia … Read more
ETH’s 90-day annualized premium and the funding rate on perpetual futures signal that traders are confident the altcoin will recapture the $3,800 level. Go to Source Powered by WPeMatico
All CFTC nominations must be confirmed by the U.S. Senate in a simple majority vote. Go to Source Powered by WPeMatico
“High, unpredictable fees can make crypto trading really dangerous for people who aren’t rich,” said Senator Warren. Go to Source Powered by WPeMatico
The central bank of Russia has advised commercial banks on how to identify and block cards and wallet accounts used by shady businesses. Along with illegal forex dealers and financial pyramids, the regulator has also listed crypto exchangers as suspicious entities. New AML Recommendations by Bank of Russia Target Cryptocurrency Exchangers Russia’s central bank has … Read more
If passed, the plan would raise the capital gains tax rate for “certain high income individuals” to 28.8%, while eliminating the “wash sale” loophole for crypto users. Go to Source Powered by WPeMatico
“Under our laws, they have to register with the Commission unless they qualify for an exemption,” said Gary Gensler. Go to Source Powered by WPeMatico
The U.S. Treasury Department is reported to have held meetings with participants from the country’s financial industry to discuss “the risks and benefits posed by stablecoins.” In addition, officials are said to have used the meetings to discuss “whether stablecoins would require direct oversight if they become extremely popular.” Policymakers Alarmed by Growth of Crypto … Read more
Indians exchanges are urging locals to buy and give Bitcoin during the upcoming holiday season. Go to Source Powered by WPeMatico
The head of the Bank of International Settlements (BIS) Innovation Hub, Benoît Cœuré, has urged central banks to act now on central bank digital currencies (CBDCs) to compete with initiatives in the private sector, including cryptocurrencies. “CBDCs will take years to be rolled out, while … crypto assets are already here,” he said. BIS Says … Read more