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The Council of the European Union has cut Russians off from certain cryptocurrency services as part of a package of restrictive measures against Russian President Vladimir Putin’s “brutal aggression against Ukraine and its people.”In a Friday announcement, the EU council said it would be closing potential loopholes in using digital
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The move follows warnings that crypto is being used to circumvent sanctions imposed in response to the invasion of Ukraine. Source
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The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies
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Earlier on Monday, members of the European Parliament’s Committee on Economic and Monetary Affairs voted against a version of the Markets in Crypto Assets, or MiCA, bill that could have effectively banned proof-of-work-based cryptocurrencies within the EU. This comes as a huge relief for the crypto industry, whose representatives had
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The Ukrainian parliament has backed a bill to legalize cryptocurrencies. In a nearly unanimous vote, the Ukrainian Parliament adopted the law that was set in motion
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The United States Securities and Exchange Commission, or SEC, has approved the Volt Crypto Industry Revolution and Tech ETF, providing investors with easy access to companies with significant exposure to Bitcoin (BTC).The exchange-traded fund, which was approved on Tuesday, is intended to track so-called “Bitcoin Industry Revolution Companies,” which are
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The growth of the decentralized finance (DeFi) sector has been a recurrent headline throughout 2021 and to date, hundreds of billions of dollars in crypto assets are locked on protocols across numerous blockchain networks and earning a yield for their holders. What started off as a simple Ethereum-based swap interface that
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In the wake of surging applications, Polygon and bloXroute Labs entered an agreement to create a Polygon protocol compatible Blockchain Distribution Network (BDN), to accelerate on-chain data propagation and add tools to improve the efficiency of DeFi trading on Polygon. The BDN is a high speed relay network consisting of high
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A Caribbean-based firm is in hot water with the CFTC for allegedly allowing U.S. retail investors to partake in leveraged trading of cryptocurrencies and precious metals. Source
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