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

December 19, 2021 Bitcoin.com

Ban

The 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 […]

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Data Analytics and AI Firm Raises $5 Billion, Has No Plans for an Imminent IPO

Bank of Russia Wants to Ban Mutual Funds From Investing in Cryptocurrency

December 15, 2021 Bitcoin.com

Accredited

Russia’s central bank intends to prohibit mutual funds from acquiring crypto assets or related financial instruments. The proposal, which is in line with its hard line stance on decentralized digital money, comes after the regulator urged stock exchanges to avoid trading securities tied to cryptocurrencies. Central Bank of Russia Issues Draft Directive Banning Crypto […]

Data Analytics and AI Firm Raises $5 Billion, Has No Plans for an Imminent IPO

Bank of Russia Rejects Provision of Crypto-Related Financial Services

December 7, 2021 Bitcoin.com

bank

Russia’s central bank has voiced opposition to the provision of financial services related to cryptocurrencies. The monetary authority believes such offerings would go against the interests of Russian investors as they are highly risky. Central Bank of Russia Unwilling to Allow Financial Services for Crypto Assets The Central Bank of Russia (CBR), known for its […]

Data Analytics and AI Firm Raises $5 Billion, Has No Plans for an Imminent IPO

China’s Hainan Province Ramps Up Crackdown on Crypto Mining Operations

December 5, 2021 Bitcoin.com

$POWER

The province of Hainan in South China has taken steps aimed at curbing crypto mining activities. Besides blacklisting the industry, local authorities are also introducing higher electricity rates for the mining enterprises that continue to operate in the region. Hainan to Ensure Crypto Miners Pay More for Power The ongoing crackdown on cryptocurrency mining in […]

Data Analytics and AI Firm Raises $5 Billion, Has No Plans for an Imminent IPO

Russia to Decide Fate of Crypto Exchangers in 2022

December 3, 2021 Bitcoin.com

Authority

Discussions on the future of “virtual currency exchangers” in Russia should be completed in 2022, a high-ranking representative of the country’s financial watchdog has indicated. Following international standards, authorities in Moscow would have to either regulate or ban such platforms. Decision on Digital Currency Exchangers in Russia Expected Next Year Considerations regarding the regulatory treatment […]

Data Analytics and AI Firm Raises $5 Billion, Has No Plans for an Imminent IPO

Annual Volume of Crypto Transactions Made by Russians Reaches $5 Billion, Bank of Russia Finds

November 28, 2021 Bitcoin.com

Annual Volume of Crypto Transactions Made by Russians Reaches Billion, Bank of Russia Finds

Analysis

With the growing capitalization of the crypto economy, Russians have been making crypto transactions worth billions of dollars a year, data gathered by the Central Bank of Russia shows. Russian residents are some of the most active participants in the crypto market, the regulator has acknowledged. Russians Among Most Active Crypto Users, Central Bank Admits […]

Data Analytics and AI Firm Raises $5 Billion, Has No Plans for an Imminent IPO

Singapore Strives to Become Global Crypto Hub, Monetary Authority Reveals

November 2, 2021 Bitcoin.com

bitcoin.com

Singapore, already a major financial center in the world, is now aiming to become a cryptocurrency hub as well. The city-state is seeking to secure its role as a leading player in the crypto space, the head of its central banking institution has indicated in recent comments. Singapore to Establish Itself as Center for Crypto […]

Data Analytics and AI Firm Raises $5 Billion, Has No Plans for an Imminent IPO

Competition and Hype Drive Young Crypto Investors, UK Watchdog Finds

October 21, 2021 Bitcoin.com

advice

A sizable majority of young investors seeking high-risk opportunities are motivated by competition and hype, a new survey has indicated. They often turn to cryptocurrency and forex products, according to the poll conducted by the U.K.’s financial regulator. FCA Launches ‘Investsmart’ Campaign Targeting Risk Prone Investors The U.K.’s Financial Conduct Authority (FCA) has carried out […]

Data Analytics and AI Firm Raises $5 Billion, Has No Plans for an Imminent IPO

Abkhazia Extends Internet Restrictions for Cryptocurrency Miners

October 9, 2021 Bitcoin.com

Abkhazia

The government in Abkhazia has extended an order prohibiting access to internet sites used by cryptocurrency miners. The measure is part of a wider ban on activities related to the extraction of digital coins that also limits the use of electricity and imports of mining equipment in the breakaway Georgian republic. Authorities in Abkhazia Confirm […]

Data Analytics and AI Firm Raises $5 Billion, Has No Plans for an Imminent IPO

Ukraine President Zelensky Returns Law ‘On Virtual Assets’ to Parliament

October 7, 2021 Bitcoin.com

bill

The Ukrainian president has sent the recently adopted law “On Virtual Assets” back to the Verkhovna Rada, the country’s legislature. The head of state has come up with his own suggestions and opposed the establishment of a new regulatory body that would require additional financing. Setting Up New Crypto Market Regulator Will Be Expensive, Zelensky […]

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