Ukraine has launched an official cryptocurrency donation channel to solicit funds to support its armed forces and humanitarian aid programs in its ongoing war with Russia. The Ukrainian Ministry of Digital Transformation announced the website launch, termed “Aid for Ukraine,” on March 14. The cryptocurrency donation platform has partnered with staking service provider Everstake and […]
The top Japanese financial regulator, the Financial Services Agency (FSA), has urged cryptocurrency exchanges operating out of the country to not process transactions flagged as frozen or sanctioned. The financial regulator made the announcement yesterday, adding that Japan will support international sanctions efforts on Russia following its invasion of Ukraine. The FSA also noted that […]
Behemoth cryptocurrency exchange Binance has announced the launch of its fiat-to-crypto payments solution provider Bifinity. The payments platform will allow businesses to adopt crypto and reach new target audiences easily, using direct fiat-to-crypto transactions. The announcement comes as Bifinity announced a strategic partnership with Nasdaq-traded EQONEX Limited. As the pioneering crypto firm with an exchange […]
European Union (EU) lawmakers have backtracked on a controversial paragraph from recent legislation that would have outlawed all proof-of-work (PoW) operated cryptocurrencies, like Bitcoin and Ethereum, from Europe. The Markets in Crypto-Assets (MiCA) framework, championed by Economic and Monetary Affairs (ECON) rapporteur, Stefan Berger, was initially set for deliberation on February 28. However, following a […]
As global authorities consider cutting Russia off from the SWIFT global interbank payments system as a sanctioned effort after it invaded Ukraine, pundits have warned that such action could drive Russian President Vladimir Putin towards cryptocurrency, as he scrambles to evade sanctions. Cowen Washington Research Group analyst, Jaret Seiberg, noted on Frida: “We believe Washington […]
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Southeast Asia’s largest commercial bank DBS Bank announced that it is set to launch a cryptocurrency trading service for retail traders this year. At the financial institution’s Q4 earnings call on Monday, reporters asked DBS CEO Piyush Gupta if the bank had anything in reserve for the digital assets community considering the recent blistering growth […]
The Finance Minister of India, Nirmala Sitharaman, has revealed that the government has entered talks with the Reserve Bank of India (RBI) on possible cryptocurrency policies. At the end of the RBI board meeting yesterday, Sitharaman told the press that the Indian government and the central bank of the Asian giant are on the same […]
