Category: Regulations

Investment Fund Focused on Crypto Mining to Be Created in Russia

March 3, 2023 Caden

The establishment of Russia’s first mutual investment fund dedicated to financing cryptocurrency mining operations is underway. According to a report by the Russian press, it will be available to qualified investors and will finance the acquisition of coin minting equipment. Russian Crypto Mining Sector to Attract Shareholders Through Investment Fund Work has begun to set…

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Crypto Regulation Is Like a Flimsy Umbrella in a Monsoon

January 25, 2023January 27, 2023 Caden

You know what they say, “when life gives you lemons, make lemonade.” But when it comes to protecting your crypto funds on centralized exchanges (CEXes), the old adage should be “when life gives you regulations, make a self-custody wallet.” Self-custody is undoubtedly a better solution for protecting the interests of customers in crypto. Regulation alone…

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UK Treasury Considers Digital Pound, Maintains Crypto Hub Objective

January 12, 2023January 27, 2023 Caden

The U.K. is mulling over launching a digital pound as it remains committed to becoming a cryptocurrency hub, a government representative has indicated. British authorities should also regulate payments with stablecoins, according to the official. United Kingdom Prepares to Begin Consultation on Digital Pound Currency The executive power in London is considering the introduction a…

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Government Agencies Need Crypto Wallets and Access to Exchanges, Russian Prosecutors Say

December 19, 2022January 27, 2023 Caden

Russian authorities are finding it hard to cash out digital assets they have gotten hold of, prosecutors have warned. They have also urged the government to recognize cryptocurrency as property, allow departments to have digital wallets and use crypto exchanges. Prosecutor’s Office Insists Russian Investigators Should Have Cryptocurrency Wallets Russian prosecutors are convinced that investigative…

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Research Shows Centralized Exchanges Saw the Most Visits This Year From Americans, Koreans, Russians

December 12, 2022January 27, 2023 Caden

Residents of the United States, South Korea and the Russian Federation have been the most frequent users of centralized exchanges this year, according to a new study. The finding comes after the spectacular crash of FTX, one of the largest such platforms, amid tightening regulations and fewer new users. U.S. Leads by Number of CEX…

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Wechat to Prohibit Accounts From Providing Some NFT and Crypto Services

June 21, 2022January 27, 2023 Caden

Tencent’s Wechat intends to impose penalties on public accounts facilitating secondary trading of NFTs, a press report has revealed. Accounts offering transaction channels and guidance for cryptocurrencies have also been targeted by the new rule. Popular Chinese App to Impose Restrictions on NFT Trading Wechat, the instant messaging, social media, and mobile payment app developed…

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