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Russia to Adopt Crypto Legislation Within Two Weeks: Deputy Finance Minister

Russia's parliament, the State Duma, will adopt the country’s major crypto bill “On Digital Financial Assets” (DFA) in the next two weeks, according to a local senior finance official. The news was reported by Russian government-backed news agency TASS on June 19.Russia's deputy finance minister, Alexei Moiseev, revealed that

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Major Consultancy Firm McKinsey Says Retail Banking Sector Slow to Adopt Blockchain

“Big Three” management consultancy firm McKinsey & Company has argued that blockchain technology is gaining slower traction with retail banks due to regulatory hurdles and a conservative consumer environment. The news was reported by Bloomberg on June 7.McKinsey reportedly characterized retail banks as nervous and cautious when it comes

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France to Push EU Member States to Adopt Its Cryptocurrency Regulations

France is reportedly going to try to convince other European Union member states to adopt cryptocurrency regulations similar to its own, Reuters reported on April 15.Bruno Le Maire, French Minister of the Economy and Finance, reportedly stated that France will encourage other EU countries to adopt cryptocurrency regulations similar

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Russian President Putin Orders Government to Adopt Crypto Regulation by July 2019

Russian President Vladimir Putin has issued another deadline for the government to adopt regulations for the digital assets industry, according to instructions for the Federal Assembly. The document was published on the official website of the President of Russia, Kremlin.ru, on Feb. 27.According to the document, Pres. Putin has ordered the

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XRP Posts 6% Gains as Japan and Brazil Adopt Ripple Tech for Payments

Twitter Facebook LinkedIn Ripple’s XRP token has a posted a 6 percent profit to establish a fresh weekly high towards $0.534. The bullish behavior also got the coin close to replacing Etherum as the second-largest cryptocurrency by market cap. SOURCE: TRADINGVIEW.COMThe XPR/USD value appreciated from 0.506-fiat to 0.535-fiat on Monday. The price

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Finance Firms Need to Replace IT Infrastructure to Adopt Blockchain and Crypto

Industry experts say that financial institutions will have to replace their existing internal IT infrastructure for greater adoption of blockchain and digital currencies, Scotland’s national news outlet the Scotsman reported Nov. 9.Delivering a speech at the ScotChain18 conference in Edinburgh devoted to blockchain technology impact on commerce, Jeremy Drain of

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Crypto Week In Review: Fidelity, Goldman Sachs Adopt Crypto Custody

To say that these past seven days were bullish for crypto would likely be an understatement. Fidelity and Goldman Sachs, two prominent Wall Street giants, doubled-down on their cryptocurrency efforts, while already-established companies in this industry continued their unbridled expansion efforts.But, if the crypto industry had a bullish week, why didn’t

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UAE Preparing to Adopt Formal ICO, Fintech Regulations, Local Media Report

The United Arab Emirates (UAE) has approved a draft of regulations governing Initial Coin Offerings (ICO), local media outlet WAM reported Sunday, September 9 citing government sources.The reported move comes in addition to lawmakers in the country adopting plans for a regulatory sandbox aimed at attracting greater fintech activity.“The sandbox

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Venezuelan President Maduro Orders Banks to Adopt Crypto ‘Petro’

The president of Venezuela, Nicolas Maduro, has reportedly ordered banks in the South American country to adopt the oil-backed state cryptocurrency, the petro, as a unit of account, according to Agence France-Presse. Per a resolution passed by Sudeban, Venezuela’s banking sector regulator, financial institutions in the country will now be required

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