The European Union is extending the scope of sanctions introduced in response to Russia’s invasion of Ukraine, with the latest agreement between member states specifically mentioning crypto assets. Russian oligarchs, senators and Belarusian banks have been targeted. Europe’s Sanctions Classify Crypto Assets as Securities to Close Loopholes for Russia On Wednesday, the European Commission welcomed…

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The expansion of sanctions follows the commission announcing in February that it would be removing several Russian banks from the SWIFT cross-border payment network.

The U.S. has been strategically planning its Digital Dollar or central bank digital currency (CBDC) since last year. After the Federal Reserve issued a paper on CBDC in January end, President Joe Biden is expected to sign an executive order this week on crypto regulations and intensify the efforts regarding its digital currency. Under the

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Bitcoin appears to be holding on to a seemingly iron support at $39,000 with the crypto falling just a bit below that but in a way that appears to suggest...

In a report published on Saturday, the International Monetary Fund (IMF) has warned that an ongoing war in Europe and associated sanctions will have a “severe impact on the global economy.” The IMF’s report says there is “extraordinary uncertainty” in the air, and the international financial institution believes “economic consequences are already very serious.” IMF’s […]