Search Results for: President

Analysts Warn of Regulatory Risks if Russia Is Able to Use Crypto to Evade Sanctions

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Russia could turn to cryptocurrency if it is banned from the SWIFT payments system. Analysts have warned that if Russia is able to use crypto to evade sanctions, “political support in the U.S. for crypto will fall and regulatory risk will…

Ukraine Central Bank Limits Cash Withdrawals Amid Russian Assault

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The central bank of Ukraine has capped withdrawals of cash in national fiat and banned those in foreign currency. The monetary authority says the measures aim to ensure the functioning of the nation’s financial system under the martial law introduced in…

Kazakhstan Cracks Down on Illegal Mining, Busts 13 Crypto Farms

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Authorities in Kazakhstan have gone after illegal crypto mining operations amid ongoing issues with electricity supply. Working together with law enforcement, the country’s energy ministry announced the closure of over a dozen facilities minting digital currencies. Government Shuts Down Unauthorized Crypto…

Russia’s Finance Ministry Submits Bill to Legalize Crypto Investments, Ban Payments

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Russian Ministry of Finance has prepared and submitted a new bill to expand crypto regulations to the government. The law “On Digital Currency” aims to introduce rules for investment in cryptocurrencies while at the same time cementing a ban on their…

President of Central Bank of Peru Criticizes Crypto, Citing Lack of Intrinsic Value and Climate Change

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Julio Velarde, the president of the Central Bank of Peru, attacked the value of cryptocurrencies and referred to negative effects they are said to have on the environment. In a recent interview with local media, Velarde said the Bank did not…

Russia Adopts Law Allowing State to Seize Illegal Funds, Digital Assets From Officials

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The State Duma of Russia, the lower house of parliament, has passed a law permitting law enforcement authorities to seek confiscation of illegally obtained funds from government officials, including cryptocurrency. The state may attempt to seize the assets through court if…

US Senate Banking Chief Criticizes Super Bowl Crypto Ads, Claims ‘Big Crypto Companies Are Desperate’

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The United States senator from Ohio and Senate Banking Committee chief Sherrod Brown is not a fan of cryptocurrencies. This week during Tuesday’s stablecoin hearing, Brown criticized all the cryptocurrency companies who advertised during the Super Bowl this past weekend and…

ECB Chief Lagarde Says Digital Euro Will Not Replace Cash — But Could Offer Convenient, Cost-Free Means of Payment

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The president of the European Central Bank (ECB), Christine Lagarde, says that a digital euro will not replace cash but would complement it. “A digital euro would give you an additional choice about how to pay and make it easier to…

NH Governor Signs Executive Order to Bring ‘Regulatory Certainty’ to Cryptocurrency Industry

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The governor of the U.S. state of New Hampshire has signed an executive order establishing a commission on cryptocurrencies and digital assets. “Federal and state governments must work to bring legal and regulatory certainty to the digital asset industry because clear…

Hungary’s Central Bank Governor Calls for EU-Wide Ban on Cryptocurrency Trading and Mining

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The governor of Hungary’s central bank has called for a ban on cryptocurrency trading and mining in the European Union. “It is clear-cut that cryptocurrencies could service illegal activities and tend to build up financial pyramids,” he said. Hungarian Central Bank…