‘It is Impossible to Technically Ban Decentralized Cryptocurrencies Due to the Nature of the Internet’ – Evgeny Volovik
Evgeny Volovik is the head of the Information and Communication Department at Russia’s Federal Financial Monitoring Service Resource Center. The Federal Financial Monitoring Service (Rosfinmonitoring) reports directly to the President of the Russian Federation and is a federal executive body responsible for combating money laundering and terrorist financing. The agency also develops and implements state policies, assesses threats to national security arising from money laundering, financing of terrorism and proliferation of weapons of mass destruction and develops measures to counter these....
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The international community is not ready to use cryptocurrency, though it is a great invention. This is according to Evgeny Kaspersky, the head of the largest privately-owned cybersecurity company and international software security group Kaspersky Lab. Once cryptocurrencies develop to the point where they can replace national currencies, governments will ban them immediately says Evgeny. Kaspersky Lab provides cybersecurity services, including anti-virus for over 300 million users and over 250,000 corporate clients worldwide. Evgeny Kaspersky stated during the Kaspersky Digital Radio....
In “On Impossible Things Before Breakfast,” NYDIG uses the Terra/ LUNA collapse as a case study. The paper aims to prove that the algorithmic stablecoin concept is flawed in nature. It also takes aim at the current state of the DeFi stack and shows how fragile it is. The subtitle says it all, “a post-mortem […]
Zimbabwe’s increasingly pro-crypto finance minister, Mthuli Ncube, recently told his colleagues in government that it is now impossible to run away from cryptocurrencies. Ncube said this after revealing that some 30% of the country’s youth are now invested in cryptocurrencies.
Zimbabwe Ready to Make Concessions on Cryptos
According to a report by the Herald, Ncube also hinted that his ministry is now willing to make certain concessions on cryptocurrencies. However, unlike his recent comments in which he simply extolled cryptocurrencies, Ncube insists that these....
The decentralized nature of cryptocurrencies may be a challenge for the Chinese government, Elon Musk suggested. As global regulators continue to scrutinize the cryptocurrency industry, Tesla CEO Elon Musk has expressed support for crypto, calling it undestroyable.“It is not possible to, I think, destroy crypto, but it is possible for governments to slow down its advancement,” Musk said at the Code Conference in California, CNBC reported Sept. 28.According to the Tesla CEO, the decentralized nature of cryptocurrencies may be a challenge for the Chinese government, which announced a new war....
Russian investors now look at digital financial assets as an investment tool rather than just a “hype product,” AFD head Evgeny Masharov said. Cryptocurrencies like Bitcoin (BTC) are getting increasingly popular with Russian investors, apparently displacing traditional investment products, according to a new survey.Russia’s Association of Forex Dealers (AFD), a local self-regulatory organization focused on the foreign exchange market, polled 502 Russian investors to find out the local investor sentiment regarding cryptocurrencies. Released on Tuesday, the survey was conducted from Aug. 4....