Crypto

Source: artiemedvedev/AdobeRussian industrial miners may be given the right to sell cryptoassets as “export products,” the nation’s finance ministry said.Per RBC, the country’s Deputy Minister of Finance Ivan Chebeskov made the comments at a round table event named “Cryptocurrency and the Future of Digital Finance.”Chebeskov said that the ministry had…

Source: sidneydealmeida/Adobe The Brazilian neobanking unicorn Nubank will begin allowing its customers to make crypto withdrawals from its platform – following a deal that will let them trade USD Coin (USDC). Per Brazil’s Livecoins, the bank has apparently “responded to calls from the Brazilian Bitcoin community.” As such, the bank…

Source: I/Adobe The Russian Central Bank is playing down talk of a 2024 rollout for its digital ruble – insisting that the coin will not be ready for nationwide use before 2025. Per Tass, the bank’s press service said that while it was ready to go ahead with an “expansion”…

Source: petert2/Adobe The Russian government wants to fast-track the launch of the digital ruble – and now claims that all citizens will be able to use the CBDC in 2024. The Central Bank has previously claimed that Russians may have to wait until 2027 for a full nationwide rollout. But…

Source: Putra/Adobe More Chinese cities will give away digital yuan tokens and discount vouchers this month, as the People’s Bank of China (PBoC) looks to spur CBDC adoption. The Hebei News Network reported that the PBoC’s Hebei branch and local government authorities in the province will give out up to…

Source: mizar_21984/Adobe The CVM, Brazil’s markets regulator, has co-launched a glossary of crypto-related terms in a bid to “standardize” terminology in the Latin American nation. The glossary was co-compiled and published by the Brazilian Cryptoeconomics Association (ABCripto), a crypto industry group. Per the Portuguese-language media outlet Criptofacil, the CVM’s Education…

Source: prokop.photo/Adobe Can Bitcoin (BTC) sustain its bullish price momentum this week? Not for long according to James Check – lead on-chain analyst at Glassnode. The leading cryptocurrency exploded to $44,400 on Tuesday, marking a new yearly high up 16.5% from 7 days prior. Yet despite his long-term optimism on…

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