Russian Parliament Votes on Bill Opening Door for Digital Ruble
Mar18

Russian Parliament Votes on Bill Opening Door for Digital Ruble

Russian lawmakers have approved a draft law facilitating the implementation of the digital version of the national currency, the ruble. The legislation amends various other acts to introduce definitions and establish procedures related to the launch of the central bank digital currency. Russian State Duma Passes Digital Ruble Draft Law on First Reading The lower house of Russian parliament, the State Duma, has adopted in the first...

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Russian Crypto Industry Queries Government About Proposed Criminal Liability for Miners
Mar18

Russian Crypto Industry Queries Government About Proposed Criminal Liability for Miners

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 Ongoing Regulatory Efforts The Russian Association of Cryptoeconomics, Artificial...

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Indian Central Bank Chief: US Banking Crisis Clearly Shows Risks Crypto Poses to the Financial System
Mar18

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

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 and U.S. Banking Crisis The governor of India’s central bank, the Reserve...

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Dubai Free Trade Zone Partners With South Korean Companies to Expand Web3 and Metaverse Business
Mar18

Dubai Free Trade Zone Partners With South Korean Companies to Expand Web3 and Metaverse Business

The Dubai Multi Commodities Centre, one of the biggest free trade zones in the world, signed agreements with governments and companies in South Korea to bring more Web3 and metaverse businesses to the emirate. The objective of this move is to consolidate the status of Dubai as an international blockchain hub in the region. Dubai Free Trade Zone Inks Web3 and Metaverse Partnership With South Korean Entities Dubai is working to solidify...

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Undeterred by Fears of a Banking Crisis, ECB Raises Interest Rates by 50bps
Mar18

Undeterred by Fears of a Banking Crisis, ECB Raises Interest Rates by 50bps

The European Central Bank (ECB) has convened to raise three of its key interest rates by 50bps (0.5%), fueled by the persistence in the inflation numbers reported by the bloc. Christine Lagarde, president of the institution, stated that the banking sector in Europe was resilient and that the institution was ready to provide liquidity if necessary. European Central Bank Hikes Rates in Battle Against Inflation The European Central Bank...

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