Russian Finance Minister Backs Crypto Regulations Over Outright Ban
On Wednesday, February 16, 2022, the Russian finance government voiced support for cryptocurrency development. The ministry requested government assistance in regulating crypto investment, trading, and mining in Russia rather than outright prohibiting it, as urged by Russia’s central bank. Finance Minister not in Support of Crypto ban Anton Siluanov, Russia’s finance minister , has advised […]
Kazakhstan’s President Reportedly Calls for Tax Increase on Crypto Mining
Kassym-Jomart Tokayev, Kazakhstan’s president, called for a higher tax on cryptocurrency mining just weeks after a new charge went into force. Tokayev stated the present rate of 1 Kazakh tenge ($0.0023) per kilowatt of power is insignificant, and he ordered the government to raise the tax as quickly as possible, as well as come up […]
Russia’s demand for mining equipment falls amid fears of a possible ban
The market for mining hardware has dwindled since the Bank of Russia proposed a ban on digital currency minting and other crypto operations. Russian internet markets have noted that mining hardware is now more frequently provided than sought. The trend started when the Central Bank of Russia (CBR) issued a consultation document earlier this month […]
Russia’s Finance Minister Suggests Allowing Banks to Sell Cryptocurrencies
Unlike the Bank of Russia, Siluanov Russia’s Finance minister believes banks may be licensed to provide crypto exchange services. According to Russian newspaper Kommersant, Russian Finance Minister Anton Siluanov repeated the ministry’s stance on regulating rather than prohibiting cryptocurrency and urged allowing cryptocurrency trading through banks in a letter written to Prime Minister Mikhail Mishustin […]
New York State Financial Services to be led by CBDC Project exec
Adrienne Harris, an ex-Fed employee and a CBDC project leader, was confirmed by the New York State Senate on Tuesday to lead the Wall Street regulator. Is There a Wider Crypto Adoption? Harris will be the Superintendent of the New York State Department of Financial Services (NYDFS), the state’s leading financial regulator. Her presence would […]