Cryptocurrency Market

Cryptocurrency Market

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  • Market Cap: $2,220,495,453,833.07
  • 24h Vol: $78,530,370,258.24
  • BTC Dominance: 56.22%

Regulation

russian-crypto-industry-queries-government-about-proposed-criminal-liability-for-miners

Russian Crypto Industry Queries Government About Proposed Criminal Liability for Miners

Leave a Comment / amendments, bill, bills, Bitcoin, Criminal Liability, Crypto, Crypto Hacked, crypto industry, crypto miners, crypto sector, Cryptocurrencies, Cryptocurrency, Ethereum, fines, industry association, Law, Laws, Legislation, Miners, penalties, prosecution, provisions, racib, Regulation, Russia, russian, Tax, tax evasion, Taxation, Taxes, texts / / / , , , , , , , , , , , , , , , , , , , , , , , , , , ,

The organization representing Russia’s crypto sector has asked the government in Moscow to clarify a proposal to introduce criminal liability for “gray” miners. The draft legislation seeks to punish those who fail to report their income to the state and share information about their digital assets. Crypto Companies in Russia Want to Take Part in […]

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Indian Central Bank Chief: US Banking Crisis Clearly Shows Risks Crypto Poses to the Financial System

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The governor of India’s central bank, the Reserve Bank of India (RBI), says the “ongoing U.S. banking crisis” clearly demonstrates the risks cryptocurrency poses to the financial system. The central bank chief added that the “Indian economy remains resilient,” emphasizing that the “worst of inflation is behind us.” India’s Central Bank Governor on Crypto Risks

Indian Central Bank Chief: US Banking Crisis Clearly Shows Risks Crypto Poses to the Financial System Read More »

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US Senator: Signature Bank Collapsed Because It Embraced Crypto Customers Without Sufficient Safeguards

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U.S. Senator Elizabeth Warren alleges that Signature Bank failed because it “bought into its get-rich-quick narrative” and “embraced crypto customers with insufficient safeguards.” Emphasizing that the bank took “excessive risk,” the senator demanded answers from the CEO of Signature Bank regarding “the economically disastrous outcomes you created.” Senator Elizabeth Warren’s Letter to Signature Bank’s CEO

US Senator: Signature Bank Collapsed Because It Embraced Crypto Customers Without Sufficient Safeguards Read More »

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Digital Assets Worth 2 Billion Rubles Issued in Russia in Less Than a Year

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Digital financial assets (DFAs) for a total exceeding $26 million have been issued in Russia in the past year. This new market has been developing since it was regulated in 2021 and the country’s monetary authority started licensing issuers in the following year. Volume of Digital Assets Increases in Russia as Investors Seek Alternatives to

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Court Dismisses Former Monero Developer’s Bid to Have His Extradition to South Africa Declared Illegal

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The Supreme Court of Appeal (SCA) in South Africa has rejected former Monero lead maintainer Riccardo Spagni’s bid to have it declare his extradition from the United States to South Africa illegal. In its ruling, the Supreme Court of Appeal insisted that Spagni did not sufficiently argue for the voiding of the extradition process. Spagni

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India, UAE Collaborate to Boost Cross-Border Central Bank Digital Currency Transactions

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India’s central bank, the Reserve Bank of India (RBI), and the Central Bank of the United Arab Emirates (UAE) have agreed to collaborate on cross-border central bank digital currency (CBDC) transactions of remittances and trade. The initiative is “expected to reduce costs, increase efficiency of cross border transactions and further the economic ties between India

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NY Regulators Seize Control of Signature Bank, Depositors Assured by Federal Bailout

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On Sunday, the New York Department of Financial Services, or DFS, announced that it had taken possession of Signature Bank. The DFS appointed the Federal Deposit Insurance Corporation, or FDIC, as the receiver of the bank. In a joint statement, the U.S. Federal Reserve, Treasury Department, and FDIC explained that all Signature depositors would be

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Revised Bill Suggests Prison Time for Russian Crypto Miners Evading Taxation

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A draft law designed to regulate crypto mining in Russia introduces harsh penalties for miners failing to report digital assets to the state. In its latest revision, the bill also threatens to punish those who organize illegal trading of cryptocurrencies with imprisonment and hefty fines. Forced Labor Awaits Miners and Traders Who Operate Outside Law,

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USDC Stablecoin Depegging Causes Concern Among Crypto Advocates, 5 Other Stablecoins Slip Below Parity

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On Saturday, March 11, 2023, crypto advocates are concerned as a few stablecoin assets have depegged from their $1 parity. The second-largest stablecoin USDC, issued by Circle Financial, fell below $0.90, reaching a low of $0.877 per coin. Additionally, around five other stablecoins have dropped below the U.S. dollar parity during the early morning (ET)

USDC Stablecoin Depegging Causes Concern Among Crypto Advocates, 5 Other Stablecoins Slip Below Parity Read More »

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India Brings Crypto Transactions Under Prevention of Money Laundering Act

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India’s finance ministry has announced that crypto transactions will be covered under the Prevention of Money Laundering Act, 2002 (PMLA). Noting that the move “is a positive step in recognizing the sector,” a crypto insider explained that it will strengthen the industry’s efforts to prevent virtual digital assets “from being misused by bad actors.” India

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