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Russian Crypto Industry Association Slams Government for Doing ‘Nothing’ to Regulate Sector – Regulation Bitcoin News

The main organization representing participants in the Russian crypto space has lambasted authorities in Moscow for not doing enough to regulate the industry. The criticism comes four years after President Putin directed institutions to legally define the status of digital financial technologies. Regulators Accused of Failure to Take Russian Crypto

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Pakistan Government Not Against Crypto Investments, High Court Calls for Regulations – Regulation Bitcoin News

The executive power will not oppose cryptocurrency investments, a high-ranking government official has told lawmakers in Pakistan. The statement comes as a regional high court has urged the federal government to regulate cryptocurrencies and formed a committee to look into the matter in the coming months. Minister Says Pakistan Government

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Pakistani high court orders government to regulate crypto in three months

The High Court of Sindh (SHC), the highest judicial body in Pakistan’s Sindh Province, has asked the government to come up with modalities for cryptocurrency regulation.According to Pakistani English daily The Express Tribune, the SHC gave the instruction while hearing a petition brought before the court challenging the legality of

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India’s Newest Crypto ‘Unicorn’ CoinSwitch Kuber in Talks with Government over Regulation: Report

CEO Ashish Singhal said the company is making “amazing progress” in its conversations with the government and regulators.Oct 19, 2021 at 12:18 p.m. UTCUpdated Oct 19, 2021 at 4:35 p.m. UTCL to R: Vimal Sagar, co-founder and COO; Govind Soni, co-founder and CTO; and Ashish Singhal, co-founder and CEO (CoinSwitch

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France Trials CBDC, Blockchain for Government Bond Deals: Report

“This project went well beyond previous blockchain initiatives because it successfully tested most central securities depository and central bank processes whilst eliminating current interim steps, such as reconciliation between market intermediaries,” said Soren Mortensen, global director of financial markets at IBM as cited in the report. “We are rapidly moving

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Estonia Considers Revoking Crypto Licenses as Government Mulls Tougher Regulations – Regulation Bitcoin News

Authorities in Estonia are working on new legislation expected to stiffen the rules for the country’s cryptocurrency sector. The Baltic nation’s regulator for the industry is considering whether to revoke previously issued crypto licenses and restart authorization from scratch. Licensed Crypto Companies Register Millions in Turnover, Estonia Gets Little With only

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Sri Lanka Government Forms Panel to Study Digital Banking, Blockchain for Attracting Investment — CoinDesk

Sri Lanka’s Cabinet approved the formation of committee that will study the rules and regulations governing digital banking, blockchain, and crypto mining in other nations, as well as methods to prevent money laundering, terrorism financing and other criminal activities related to those technologies. The body will also study Know-Your-Customer processes. Original

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A16z Proposes Decentralization-Friendly Oversight Regime for US Government — CoinDesk

Specifically, a16z’s consumer protections proposal, filed in response to a call from U.S. Sen. Pat Toomey (R-Pa.) of the Senate Banking Committee, recommended creating a simple disclosure-based supervision regime under the Consumer Financial Protection Act. DAOs, meanwhile, are to be given similar legal rights to that of a standard incorporated

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Bitcoin got stronger despite government crackdowns, says Edward Snowden

Edward Snowden has touted the antifragility of Bitcoin (BTC) despite increasing regulatory scrutiny on cryptocurrencies around the world.Tweeting on Sunday, the former United States Central Intelligence Agency agent stated that Bitcoin has gotten stronger on the back of government bans and anti-crypto policies.Snowden’s tweet referenced remarks made back on March

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