Russian Government To Regulate Crypto Transactions
The Russian Ministry of Finance has completed a bill regulating crypto payments in the country, The bill may offer residents and crypto investors in Russia much-needed clarification on digital assets and mining. The document, titled “On Digital Current,” looks at previously uncharted issues of Russian regulation for this new asset class, according to local news […]
German Government Closes Russian Darknet Market, Seizes $25M Bitcoin
The German government confiscated $25 million in bitcoin (BTC), claiming to have closed the Hydra Market, one of the world’s major darknet markets. According to a federal police statement released on Tuesday, the cybercrime office of the Frankfurt prosecutor’s office and federal criminal police took 543 BTC while “securing” the site’s servers. 17 million clients […]
U.S. Government Warns Crypto Companies Against Assisting Russia
The United States Government appears convinced that Russia could use cryptocurrencies to escape sanctions hereby warning crypto companies against helping Russia. According to Deputy US Treasury Secretary Wally Adeyemo, anyone who tries to help Russia avoid economic sanctions would be held accountable by the US government. This comes after the United States and its allies […]
U.S. Government to Introduce ECASH as Legal Tender
According to a new bill proposed on Monday by the United States legislators, Treasury Department may be the appropriate government body to create a digital dollar as legal tender. Reps. Stephen Lynch (D-Massachusetts), Jess Chuy Garcia (D-Illinois), Ayanna Pressley (D-Massachusetts), and Rashida Tlaib (D-Michigan) introduced the “Electronic Currency And Secure Hardware Act” (ECASH Act), which […]
Ukrainian Government Introduces NFT Museum To Raise Funds
The Ukrainian Government is set to launch a blockchain-based chronicle of the Russian Invasion, the MetaHistory NFT Museum to raise funds. Non-fungible tokens (NFTs) will be displayed in the form of digital art and textual reflections at the museum. As announced by the project representative on Friday that the first drop could happen as soon […]