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Regulation

US and EU double down on measures against Russia potentially using crypto to evade sanctions

The United States and the European Union have announced new actions targeting Russia’s economy and wealthy individuals as a report suggests Vladimir Putin’s allies have attempted to circumvent sanctions using...
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US SEC disapproves NYDIG and Global X spot Bitcoin ETFs

SEC’s latest move adds to a string of others seen over the years, with the US market’s wait for a spot Bitcoin ETF set to go on. The US Securities...
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Crypto lobbyists up 180% since 2018, with Andrew Yang joining the charge

Lobbying by the cryptocurrency industry and crypto proponents is booming in the U.S. Congress. According to a report released Tuesday by Public Citizen, the number of lobbyists for cryptocurrency-related issues...
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Dubai establishes virtual asset regulator and announces new crypto law

Sheikh Mohammed bin Rashid Al Maktoum, the ruler of Dubai in the United Arab Emirates who holds several positions including prime minister, has announced a new law on virtual assets...
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The Philippines to launch pilot CBDC implementation

As the world of finance continues to transform, new forms of money are challenging traditional monetary infrastructures that have been around for a long time. Currently, central bank digital currencies...
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FTX expands to Europe with CySEC approval

The global crypto derivatives and spot trading exchange FTX is expanding to Europe after receiving approval from the Cyprus Securities and Exchange Commission (CySEC). The new venture, called FTX Europe,...
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US Virginia Senate allows state banks to offer crypto custody services

The Senate of Virginia in the United States unanimously approved a bill amendment request that now allows traditional banks operating in the Commonwealth of Virginia to provide virtual currency custody...
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Russian oligarchs might not fancy crypto to evade sanctions, says Coinbase CEO

Russia, sanctions, crypto– yes, three words that have this week informed one of the most discussed topics in the crypto space.  We know Russia attacked Ukraine and a war is...
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Crypto offers Russia no way out from Western sanctions

With the concerns of Janet Yellen and Hillary Clinton notwithstanding, there isn’t enough cryptocurrency in the world to bail out Russia from the economic hole which it now finds itself...
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Malaysian minister says crypto isn’t good for payments

The Malaysian minister says Bitcoin and Ethereum do not exhibit characteristics of money. Malaysian Deputy Minister Yamani Hafez has among other several points, noted that digital assets such as Bitcoin...
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