Russia To Legalize Use Of Crypto In International Trade – Bitcoin Magazine

Russia is close to pushing legislation for the use of cryptocurrency in international trade. In current conditions “it is impossible to do without cross-border settlements in cryptocurrency,” the Bank of Russia and Ministry of Finance have reportedly agreed. The necessary regulatory framework will still need to be introduced. The Bank of Russia and the country’s … Read more

CBDCs Require Balance between Data Access & User Privacy Protection, HashCash CEO Says

Since central bank digital currencies (CBDCs) are showing more exposure to the market, taming illegal activities requires a delicate balancing act between data access and user privacy protection, according to HashCash Consultants CEO Raj Chowdhury. Chowdhury pointed out: “CBDC projects need to address their drawbacks and act considering the potential side-effects. They may lead … Read more

Nigeria Negioates with Binance for Developing Blockchain Hub for Digital Economic Growth

Nigeria and crypto exchange Binance are in talks to establish a digital hub like the Dubai virtual free zone to propel blockchain growth in the country, according to the Nigeria Export Processing Zones Authority.  Nigeria sees the transformation of a digital hub as a stepping stone toward diversifying its economic scope beyond crude oil. The … Read more

UK Requests Crypto Exchanges to Report Suspected Sanction Breaches

Cryptocurrency exchanges are now requested to report suspected sanctions breaches to UK authorities under new rules recently introduced amid concerns that cryptos are being used to evade restrictions imposed in response to Russia’s invasion of Ukraine.  The Guardian media reported the matter on Sunday., citing the updated official guidance of HM Treasury’s Office of Financial … Read more