Digital Ruble to Help Curb Use of ‘Money Surrogates,’ Russia Says in Financial Strategy Document

Digital Ruble to Help Curb Use of ‘Money Surrogates,’ Russia Says in Financial Strategy DocumentThe 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 […]

Digital Ruble to Help Curb Use of ‘Money Surrogates,’ Russia Says in Financial Strategy Document

Digital Ruble to Help Curb Use of ‘Money Surrogates,’ Russia Says in Financial Strategy DocumentThe 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 […]

New Bill to Ban Crypto Payments in Iran, Support Mining and Regulate Exchange

New Bill to Ban Crypto Payments in Iran, Support Mining and Regulate ExchangeUrged by the growing popularity of cryptocurrencies, Iranian lawmakers have prepared new legislation to introduce comprehensive rules for the expanding industry. While the bill effectively bans crypto payments in the country, it aims to support cryptocurrency mining and regulate the exchange market. Draft Law Prohibits Crypto Payments in Islamic Republic Members of the Islamic Consultative […]

Central Bank of Sweden Invites Financial Market Actors for Second Phase of E-krona Pilot

Central Bank of Sweden Invites Financial Market Actors for Second Phase of E-Krona PilotSveriges Riksbank, the central bank of Sweden, will carry out the next stage of its e-krona project with the help of two organizations from the financial sector. The move signals a transition from the initial in-house testing with simulated participants to cooperation with real, external partners. Riksbank to Work With Handelsbanken and Tietoevry to Test […]

Bank of Russia to Launch Digital Ruble Prototype by End of Year

Bank of Russia to Launch Digital Ruble Prototype by End of YearThe Central Bank of Russia (CBR) is preparing to release a digital prototype of the national fiat towards the end of 2021, a high-ranking official has confirmed. Transfers between private individuals will be free of charge with the digital ruble, which is going to have legal tender status on par with Russia’s traditional currency. Bank […]

Bank of Israel Drafts Model of a Digital Shekel

Bank of Israel Drafts Model of a Digital ShekelThe central bank of Israel has offered a glance at what a digitalized version of the national fiat currency may look like. According to a released “draft model” of the coin, Israelis should be able to use the digital shekel in payments, even offline, and convert it to cash at any moment. The Israeli central […]

Young Koreans Less Keen on Crypto Taxation Than Older Generations, Poll Finds

Young Koreans Less Keen on Crypto Taxation Than Older Generations, Poll FindsOpponents of the government’s plan to tax gains from cryptocurrency trading outnumber supporters among South Koreans in their 20s, a new survey shows. Representatives of other age groups are more open to the proposed taxation of investments in virtual assets. Nearly Half of Young Koreans Reject Tax on Crypto Profits According to the poll, a […]

Jiang Zhuoer Restructures Development Funding Proposal for Bitcoin Cash

Jiang Zhuoer Restructures Development Funding Proposal for Bitcoin CashOn January 31, Btc.top founder Jiang Zhuoer addressed the Bitcoin Cash (BCH) community again after his initial proposal last Wednesday was met with mixed responses. Zhuoer changed a number of specifics within the proposed Infrastructure Funding Plan for Bitcoin Cash and hopes the community will agree with his opinions. Also read: Cashfusion Far More Practical […]

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UK Regulators Plan “Comprehensive Response� to Illicit Crypto Use

Christopher Woolard of the United Kingdom (UK) Financial Conduct Authority (FCA) has indicated that UK regulators are planning a “comprehensive responseâ€� to the illicit adoption of crypto assets amid increased adoption among local businesses and consumers. Despite announcing increased regulatory action regarding illegal use of crypto, Woolard stated he does not view crypto assets as […]

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