Putin Calls for International Settlements Based on Blockchain and Digital Currencies

Putin Calls for International Settlements Based on Blockchain and Digital CurrenciesRussian President Vladimir Putin believes a new system for international money transfers is needed to reduce dependence on big banks and third parties. He is convinced that cross-border payments relying on digital currency and distributed ledger technology will be “much more convenient.” Russia’s Head of State Urges for Blockchain-Powered International Payments President of Russia Vladimir […]

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10,000 Bitcoin Withdrawn From Wallet of Defunct Crypto Exchange Wex, Former BTC-e

10,000 Bitcoin Withdrawn From Wallet of Defunct Crypto Exchange Wex, Former BTC-eA large amount of cryptocurrency kept in a wallet associated with crypto exchange Wex, successor of the infamous trading platform run by alleged money launderer Alexander Vinnik, has moved for the first time since 2017. The 10,000 bitcoins in question, worth over $165 million, have been transferred to new addresses in several transactions. Bitcoin Stored […]

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Russia Prepares to Create Government-Controlled Crypto Exchange

Russia Prepares to Create Government-Controlled Crypto ExchangeLawmakers in Russia are drafting legislation that would allow the establishment of a “national cryptocurrency exchange,” local media unveiled. Coins now circulate outside of government oversight and the Russian state is losing budget revenues in the billions of rubles, pointed out one of the participants in these efforts. Legislators Want Russia to Have Its Own […]

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Report: China Suspected of Stockpiling Gold to ‘Cut Greenback Dependence’

Report: China Suspected of Stockpiling Gold to ‘Cut Greenback Dependence’During the first week of November, the World Gold Council’s (WGC) report that covered last quarter’s global gold demand noted that central banks worldwide purchased close to 400 tons of gold in Q3 2022. The study highlighted that it was the “most on record,” and the WGC researchers also spotted a “substantial estimate for unreported […]

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Amendments to Russia’s Digital Asset Law Aim to Allow Mining, Ban Crypto Exchange and Ads

Russia, Russian, crypto, cryptocurrency, cryptocurrencies, crypto mining, mining, law, draft law, bill, legislation, legalization, regulation, exchange, services, advertising, proposals, provisions, amendments, changesRussian lawmakers have proposed changes to the current law “On Digital Financial Assets” in order to regulate crypto mining while banning the circulation of cryptocurrencies in the country. The legislation also prohibits the non-targeted advertising of crypto-related products and services. New Attempt to Legalize Cryptocurrency Mining in Russia After months of deliberations, efforts continue in […]

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