Tag: cryptocurrency
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Russians can still access cryptocurrency exchanges. Report Unveils New EU Sanctions Despite
Following the most recent round of EU sanctions, a number of cryptocurrency exchanges, including international platforms, did not impose any new limitations on Russian users, according to Russian crypto media. In an effort to put more pressure on Russia in the midst of an intensifying conflict in Ukraine, the latest European sanctions target a variety…
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Russian businesses are trading in cryptocurrencies despite the absence of regulations, officials admit
Due to their limited access to international finance, Russian businesses have started transacting in cryptocurrencies with their international partners. Even though these are still relatively small payments, government officials have noticed an increase in them, and this is before they have decided how to regulate them. Cross-Border Crypto Settlements on the Rise in Russia as…
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Europol Sees Tools to Tackle Crime in Cryptocurrency and Blockchain Technologies
In the case of cryptocurrencies, abuse increases with use, according to Europol, which also noted that blockchain technologies give law enforcement a new way to combat crime. The law enforcement organization in Europe claims it can assist in the investigation of money laundering networks. Understanding Cryptocurrencies Is Vital to Tackling Organized Crime, Europol Says Following…
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Thailand’s new regulations mandate that cryptocurrency advertisements include explicit investment warnings.
Thailand has enacted stricter regulations that require cryptocurrency businesses to adequately disclose the investment risks in their advertisements. The new rules forbid companies in the sector from making false or exaggerated claims. According to Bloomberg and Reuters, Thailand’s Securities and Exchange Commission (SEC) has approved new guidelines for cryptocurrency advertisements. The modifications, according to a…
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Sango-Coin for Citizenship in the Central African Republic Is Illegal: the Constitutional Court Rules
According to reports, the Touadéra government’s offer of land and citizenship to purchasers of the sango coin is unconstitutional, as determined by a constitutional court in the Central African Republic. The nationality of the nation “has no market value,” according to the court, so the scheme to exchange sango coins for citizenship must be stopped.…
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Limitations on Purchasing Dollar and Euro Cash are Relaxed by the Russian Central Bank
Some restrictions on Russian banks selling dollars and euros to the general public have been loosened by the Central Bank of Russia. Since currency restrictions have been a major factor in driving up demand for digital coins, the country’s crypto market may be impacted by the increased foreign cash supply. According to the Interfax news…
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Israel detains three people in a crypto scheme to launder millions of dollars stolen from France
Three suspects have been detained by Israeli police for allegedly using cryptocurrency transactions to launder millions of euros taken from the French treasury. Government grants for companies impacted by the Covid-19 pandemic provided the funding. This week, three people were detained in Israel on suspicion of helping criminals who conned the French government with money-laundering…
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Nigeria is the most crypto-obsessed English-speaking nation worldwide, according to a study.
Following the April cryptocurrency market crash, a new study identified Nigeria as the nation with the greatest interest in cryptocurrencies. According to the same study’s findings, Kenya is the second-best-ranked African nation. The top-ranked nations appear more interested in buying the dip, which emphasizes “their long-term outlook for cryptocurrencies,” according to Bobby Ong, co-founder of…