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Cryptocurrency Is ‘Based on Nothing,’ Should Be Regulated, ECB’s Lagarde Says

Cryptocurrency Is ‘Based on Nothing,’ Should Be Regulated, ECB’s Lagarde SaysPresident of the European Central Bank Christine Lagarde has insisted that unlike a digital euro, cryptocurrency has no underlying asset. It should be regulated to prevent people from losing their life savings by speculating on crypto assets, the top ECB official has suggested. Cryptocurrency Is ‘Worth Nothing,’ ECB Governor Claims The head of the eurozone’s […]

Bitcoin ETFs surpass gold ETFs in AUM

Anonymous Has Released Over 2 Million Russian Emails in Cyberwar With Russia

Anonymous Has Released Over 2 Million Russian Emails in Cyberwar With RussiaHacktivist collective Anonymous claims it has already published millions of leaked Russian emails. The group has been waging a cyberwar on Russia over its invasion of Ukraine, carrying out attacks on government institutions, state-run television channels, and the central bank. Russia’s Culture Ministry Becomes Latest Target of Anonymous Anonymous has released well over two million […]

Bitcoin ETFs surpass gold ETFs in AUM

National Bank of Georgia to Regulate Country’s Crypto Sector

National Bank of Georgia to Regulate Country’s Crypto SectorThe National Bank of Georgia is taking steps to regulate the crypto market in the Southern Caucasus country, its governor revealed in a recent interview. While companies in the industry are to expect a licensing regime, financial institutions have already been banned from providing crypto-related services. Central Bank of Georgia to Propose Cryptocurrency Regulations Georgia’s […]

Bitcoin ETFs surpass gold ETFs in AUM

Bank of Spain Governor Warns About Traditional Banking’s Exposure to Crypto Assets

Bank of Spain Governor Warns About Traditional Banking’s Exposure to Crypto AssetsThe Governor of the Bank of Spain has alerted the public about the risks mixing traditional banks with crypto assets might bring to the economic system. Pablo Hernández de Cos stated that the direct or indirect exposure to these assets would increase the risks associated with the financial institutions. De Cos also stated that while […]

Bitcoin ETFs surpass gold ETFs in AUM

Banning Crypto Is Like Banning Internet in Russia, Finance Minister Says Amid Differences With Central Bank

Banning Crypto Is Like Banning Internet in Russia, Finance Minister Says Amid Differences With Central BankIt’s impossible to ban cryptocurrencies in Russia, the country’s minister of finance has stated in his first comments on his department’s latest disagreements with the Russian monetary authority. The two institutions are reportedly failing to reach consensus on crypto regulation but the treasury intends to submit draft legislation despite their differences. Disagreements on Future of […]

Bitcoin ETFs surpass gold ETFs in AUM

Bank of Russia Has Tools to Restrict Crypto Investments, Governor Hints

Bank of Russia Has Tools to Restrict Crypto Investments, Governor HintsThe Central Bank of Russia has reaffirmed its opposition to cryptocurrency investments citing the volatility of the digital assets as a key motive for its conservative stance. Governor Elvira Nabiullina has recently indicated that the regulator has the means to restrict them. Nabiullina Insists Bank of Russia Can Limit Investments in Crypto Assets Russia’s monetary […]

Bitcoin ETFs surpass gold ETFs in AUM

Opposed to Bitcoin Payments, Bank of Russia Says State Should Not Stimulate Spread of Cryptocurrencies

Opposed to Bitcoin Payments, Bank of Russia Says State Should Not Stimulate Spread of CryptocurrenciesCryptocurrencies are anonymous and the government shouldn’t encourage their spread, the head of Bank of Russia has insisted. The regulator remains firmly opposed to the legalization of bitcoin and the like as a means of payment in the Russian Federation. Bank of Russia Reiterates Negative Stance on Cryptocurrencies, Legalization of Bitcoin A “responsible state” should […]

Bitcoin ETFs surpass gold ETFs in AUM

Digital Ruble to Give Russians What They Need, Bank of Russia Governor Says

Digital Ruble to Give Russians What They Need, Bank of Russia Governor SaysThe digital ruble is what Russian citizens need as it will facilitate inexpensive and reliable payments, the head of Bank of Russia, Elvira Nabiullina, told participants in an international banking forum. The governor also warned that cryptocurrencies and fiat-backed stablecoins create risks for financial stability. CBR’s Nabiullina Praises Digital Ruble Concept, Rejects Cryptocurrencies The Central […]

Bitcoin ETFs surpass gold ETFs in AUM