Russias Finance Ministry Official Proposes Creation of Stablecoins: Report

An official from the Russian Finance Ministry has reportedly suggested that the country could create its own stablecoins. This move could potentially provide a way for Russia to navigate the complex world of digital currencies. Stablecoins are a type of cryptocurrency that is backed by a reserve asset, such as traditional fiat currencies or commodities [...]

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Putin Wants Limit on Currency Purchases for Russians Dealing With Foreigners

Russian citizens and firms doing business abroad may soon be restricted in the amount of foreign currency they are allowed to acquire, on order from Vladimir Putin. Russia’s head of state now wants his government to cap such purchases on the domestic forex market. President Putin Orders Russian Authorities to Limit Foreign Currency Purchases Russian [...]

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China Warns of Global Financial Instability From US Economic Policies

China has urged the U.S. and other developed nations to assess the spillover effects of their economic and financial policies. “The economic and financial policies of the U.S. pose the biggest challenge to global financial stability,” according to the Chinese Ministry of Foreign Affairs. China Cautions About U.S. Economic and Financial Policies Wang Wenbin, a [...]

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German Government Invests $1.2 Million in Metaverse Startup Flying Sheep Studios

The German government has allocated $1.2 million in funding for a metaverse game being developed by Flying Sheep Studios. The company, based in Cologne, will use the funds for the development of a game called Star Life, which will also include blockchain elements in the form of non-fungible tokens (NFTs). Flying Sheep Studios Raises $1.2 [...]

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Russia ‘Actively’ Working on SWIFT Alternatives, Foreign Ministry Official Says

The Russian Federation is collaborating with partners to link payment systems alternative to the interbank messaging system SWIFT, a representative of the country’s Ministry of Foreign Affairs announced. The work is part of the de-dollarization of the economy, the official indicated. Russia Seeking to Substitute SWIFT in Trade as Part of De-dollarization Policy The Russian [...]

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South Korea Doubles Down on Metaverse, Announces $51 Million Investment in Related Projects

The Ministry of Science and ICT of South Korea has approved investments of $51 million in various metaverse projects, doubling down on its metaverse bet for the future. The investment includes a fund for supporting the growth of metaverse companies and another special investment to build several services including region-specific projects. South Korea Continues Investing [...]

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British Columbia to halt new power connections for crypto miners

British Columbia has cited prioritizing clean energy and job creation as the main reasons for suspending cryptocurrency mining operations

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Israel's chief economist lays out recommendations for crypto regulation

The chief economist said the Supervisor of Financial Service Providers and the Israel Securities Authority should be granted more powers to oversee the industry.

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UAE Ministry of Economy opens up new headquarters in the Metaverse

The UAE Ministry of Economy continues its push into the Metaverse with the announcement of a "third address" located in a virtual world.

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New Japanese law may allow seizure of stolen crypto

Under the current variation of the law, there is no explicit procedure outlined for law enforcement officers to seize illegally obtained crypto from crime organizations.

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Russian Finance Ministry Amends Bill ‘On Digital Currency,’ Adds Crypto Mining Provisions – Mining Bitcoin News

The Ministry of Finance of the Russian Federation has revised a draft law designed to regulate the country’s crypto space, introducing provisions for cryptocurrency mining. The bill has been resubmitted to the government and may be adopted during the parliament’s spring session. Updated Law ‘On Digital Currency’ Filed With Russian Government Russia’s Ministry of Finance […]

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Russia’s Ministry Of Finance Submits Bitcoin Bill Proposal

The draft bill comes after the government gave the green light to Bitcoin regulation, disregarding the Bank of Russia’s concerns.

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Russia Crypto Clash Intensifies as Finance Ministry Drafts Bill

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Russia’s Ministry of Finance Wants to Let Banks Sell Crypto: Report

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Russian Finance Ministry Believes Crypto Should be Regulated not Banned

The Ministry of Finance in Russia believes that the ban on crypto-assets should be shelved. Proper regulations would provide both transparency and protection to citizens. (Read More)

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UK Defence Ministry Awards 1.8 Billion Pound AI-Driven Maritime Enhancement Contract to Thales

UK Ministry of Defence signs £1.8 billion contract with Thales for 15-year project to improve Royal Navy ship availability and resilience, leveraging AI and data management. (Read More)

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The Misleading Mirage: Examining Bitget Cryptocurrency Exchange and Its Dubious Practices within the German Market

Bitget cryptocurrency exchange presently accessible via both app and desktop, appears to be making strides in the German market.

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Tax Authority Slated to Become Main Crypto Regulator in Russia

Russia’s tax administration is going to be tasked with overseeing the crypto industry in the country, a high-ranking government official has indicated. According to the regulatory concept that’s currently under consideration, the revenue service will also serve as an entry point for market participants. Russians to Report Crypto Holdings and Transactions to Their Tax Service [...]

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Iraq Issues Ban on US Dollar Transactions to Bolster Usage of Iraqi Dinar

The government of Iraq issued a ban on using the U.S. dollar for conducting business transactions on May 14. The ban, which is already in effect, is designed to bolster the usage of the Iraqi dinar, the fiat currency of the country, and to reduce the influence of the dollar and its exploitation in black

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Russians Warned Against Saving in Crypto Amid Declining Savings in Foreign Fiat

A government official in Moscow has advised Russians to avoid cryptocurrencies now when interest in foreign fiat currencies is declining in the country. The high-risk assets are not suitable for the savings of most people and make sense only for investments by rich people, his comments suggest. Finance Ministry Don’t Want to See Russians Saving [...]

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