Terra’s Anchor Protocol Plans To Shut Down After UST Crash
All operations on Anchor Protocol will reportedly be put to a halt except for withdrawal and deposit as the DeFi platform indicated that users have decided to limit its functions. Anchor Protocol, Terra’s largest DeFi platform, recently proposed freezing Anchor Earn and borrowing functions to protect it from attacks. Its community has finally voted on […]
Russian parliament introduces Bill to ban digital assets as payment option
Russian parliament member has proposed a bill to ban the use of digital assets as a payment option for any form of goods and services rendered. Anatoliy Aksakov, the head of the Financial Markets Committee of the Russian parliament’s lower house, the State Duma, proposed a bill on Tuesday, June 7, prohibiting the use of […]
Russian Parliament Introduces Bill To Ban Cryptocurrency As Payment Method
After passage into law in Russia, the bill would force DFA managers to hold off on any deals, which could mean that crypto could be used as a substitute for money. In recent months, Russian legislators have been working on legislation to fully institutionalize cryptocurrency as a properly taxable investment asset and potential tool for […]
Japan’s Crypto Regulatory Authority Set To Ease Rules To List New Cryptocurrencies
The Japan Virtual and Crypto Assets Exchange Association (JVCEA), which regulates the operation of crypto exchanges in the country, is considering easing rules for digital token listing. Prime Minister Fumio Kishida recently expressed dissatisfaction with Japan’s existing system while also approving stablecoins as digital money. According to sources acquainted with the situation, The Association has […]
IMF Proposes Eco-Friendly CBDCs And Mechanisms For Payment
The International Monetary Fund (IMF) urged central banks to include additional features in the CBDCs, such as compliance, greater resilience, and offline capabilities. An International Monetary Fund (IMF) study on energy consumption revealed the importance of crypto ecosystem design choices in creating an environmentally friendly mainstream payment system. The IMF examined the energy consumption of […]