Russian Parliament votes against bill to regulate crypto mining
The State Duma, the lower chamber of the Russian parliament, voted against a bill that would have regulated crypto mining. Although MPs rejected that measure, which also sought to allow crypto payments in the nation, another draft law on mining that permits international exchanges of digital assets is anticipated in the legislature soon. The Russian […]
Japan Credit Bureau to test plastic cards for CBDC
Japan Credit Bureau will the testing of the country’s central bank digital currency (CBDC) infrastructure in collaboration with IDEMIA and Softspace. The (CBDC) infrastructure testing has begun, according to the Japan Credit Bureau (JCB), a Japanese equivalent of global payment systems like Visa or Mastercard. The project, which the Bank of Japan is now testing, […]
FTX to give phishing victims ‘one-time’ compensation
Cryptocurrency exchange FTX has stated that it will give a one time $6 million in compensation to those who lost money as a result of a phishing scam on the accounts of some FTX users. Sam Bankman-Fried, the founder and CEO of FTX, stated in a Twitter thread on October 23 that although the exchange […]