From Ban Threats To Bank Licenses: Russia’s New Crypto Play
The Bank of Russia has proposed letting banks and brokerage firms obtain licenses to operate crypto exchanges. A New Crypto Play A report published by Interfax on March 5 states that The Central Bank of Russia (CBR) Governor Elvira Nabiullina has proposed to allow banks and brokers to obtain crypto exchange licenses via a notification […]
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Russia, one of the world’s most crypto influential nations, announced its intentions to regulate these digital currencies. The Russian Central Bank recently proposed a ban on crypto mining and trading within its borders. Citing threats that could affect financial stability and citizens’ wellbeing. The global cryptocurrency craze has gone too far. Governments are getting scared […]
The traditional banking sector in the United States is reportedly intensifying its opposition to crypto firms and considering a potential lawsuit against the Office of the Comptroller of the Currency (OCC) over federal licenses granted to these companies. According to a Monday report by The Guardian, the Bank Policy Institute (BPI) is evaluating its legal […]
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....
Hong Kong’s Securities and Futures Commission (SFC) has announced plans to issue more licenses for crypto asset exchanges by the end of 2024. This decision comes after a five-month evaluation period, during which only three platforms received full licenses and 11 held provisional licenses, raising initial concerns about the possibility of further approvals. Related Reading: […]
In another win for the adoption of blockchain technology and cryptocurrencies, the Central Bank of Portugal (Banco de Portugal) has officially announced that they will begin approving licenses for crypto exchanges to operate within the country. Two have already been granted. This is the first time that crypto asset exchanges are able to operate within […]