Russia’s government will present regulatory solutions for crypto by the end of the next working week as documents from recent meetings show so let’s read more in today’s crypto latest news. The executive power in Moscow likes regulation better than prohibiting crypto overall and other related activities. Russia’s government will present a new regulatory solution […]

Private individuals mining cryptocurrency may expect a higher tax burden than businesses involved in the industry, a high-ranking member of the Russian parliament has indicated. While the extraction of digital currencies is yet to be regulated in Russia, authorities lean towards recognizing it as an economic activity, which will allow the government to tax mining […]

Myanmar’s Junta wants its own digital currency but the government in exile still pushes Tether as the main crypto to use so let’s read more today in our latest cryptocurrency news today. The military government is proposing and creating its own digital currency after a year of overthrowing the elected leader. Myanmar’s Junta wants to […]

It is more likely that wallets that could support a British digital currency will be produced by the private sector. 

The post Bank of England is ‘highly unlikely’ to develop a retail wallet for CBDC, says official appeared first on The Block.

The industry organization of Russian energy suppliers has come up with ideas on how to combat cryptocurrency mining in homes, basements and garages. The association believes the phenomenon is the main issue with mining in Russia as authorities prepare to legalize it. Suppliers Move Against Mining With Cheap Electricity The Russian association of energy suppliers […]

The idea of creating and developing a Central Bank Digital Currency (CBDC) has been ongoing for a long time. Although China officially brought the idea to the fray, many countries have been riding on the ongoing trend. While some are done, others are just brainstorming on how to create their CBDC. One such country is […]

Long-awaited public-private initiative established to evaluate nation’s cybersecurity and improve resilience

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Platforms listing ads for mining hardware have been registering declining demand since Bank of Russia’s call for a ban on the minting of digital currencies among other crypto activities. While mining may eventually be legalized, miners can expect to pay higher electricity bills. Supply Exceeds Demand on Russian Market for Mining Chips Mining hardware […]

Leading exchanges, polled by the Russian press, have indicated they are not afraid of the upcoming strict crypto regulations. A requirement for coin trading platforms to establish a local office is one of the proposals in a regulatory roadmap drafted by the government in Moscow. Cryptocurrency Exchanges to Set Up Shop in Russian Federation Some […]

Indonesia’s banking industry is on the verge of a revolution as a new breed of digital banks looks to capitalize on the country’s large population of unbanked and underbanked, and

The post Indonesian Lenders Ride the Digital Banking Momentum appeared first on Fintech Singapore.

Russians are believed to collectively hold more than 16.5 trillion rubles, or around $214 billion, worth of cryptocurrencies, according to estimates from government officials based on the IP addresses of users are crypto exchanges and “other information.” The $214 billion figure is equivalent to around 12% of global cryptocurrency holdings or a third of the […]

Russians may own more cryptocurrency than previously thought, a new estimate reportedly used by the government has indicated. The quoted figure amounts to over a tenth of the global holdings and may serve as an impetus for the government to regulate Russia’s crypto market rather than outlaw it. Estimated 12% of Crypto Allegedly Held by […]