Tuesday, April 23, 2024
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Bank of Russia Fields Banking Industry Concerns Over Digital Ruble Proposal

The deputy chairwoman of the Bank of Russia, Olga Skorobogatova, met with representatives of several major banks Thursday, seeking early feedback on the concept of a digital ruble. According to Russian newspaper Kommersant, the bankers were chiefly concerned over how centralized the digital currency system, currently under consideration, might be

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Industry Pros Weigh In on Rumors of New Crypto Wallet Regs

Recent rumors about U.S. regulation of private, self-hosted crypto wallets have some compelling context.For example, the proposal submitted last month by U.S. authorities to lower the anti-money laundering (AML) threshold for cross-border transactions (its consultation ends today, Friday), seems to support the hypothesis that outgoing Treasury Secretary Steven Mnuchin is

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A minister’s look at what regulators expect from the industry

Regulation is sometimes positioned as the enemy of innovation, an antagonistic force that reduces progress in the name of bureaucracy. However, when implemented sensitively and proportionately, regulation can strengthen a private sector’s reputation by creating the conditions necessary for businesses to focus on and enhance innovation.Getting this right means working

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The Crypto Industry Did Not Engage in Election 2020

The crypto industry appears largely uninvolved in this year’s election, beyond their normal, ongoing efforts to seek friendly regulations and laws in Washington D.C.According to Federal Election Commission (FEC) data, employees at 10 significant firms to the cryptocurrency space – including Coinbase, Ripple, Andreessen Horowitz, Uniswap, Compound, BitGo, Gemini, Chaincode

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Indian crypto industry expanding, regulators seem reluctant to engage

The people of India are awaiting access to crypto banking services, as British-based fintech firm Cashaa has collaborated with India’s United Multistate Credit Cooperative Society to launch a crypto-centric banking company called Unicas that will initially open 34 branches in Northern India and plans to have expanded to 100 branches

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The evolution of crypto exchanges — What’s next for the industry

From what started as something of a “technological experiment” with Bitcoin (BTC) over a decade ago, the crypto asset industry has become a significant driver for change in global financial markets. Cryptocurrency exchanges started as a means to enable crypto enthusiasts to trade digital coins outside the traditional financial system

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