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Russia plans on building a national crypto exchange
The process of establishing a national cryptocurrency exchange is now being worked on by legislators in Russia, who are actively writing amendments. It has been alleged that both the Russian Ministry of Finance and the Russian Central Bank are helping this initiative in some capacity. When it comes to the government’s approach to the oversight…
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Saudi Arabia’s central bank appoints crypto chief
Saudi Arabia’s central bank, known as SAMA, has appointed Mohsen AlZahrani to lead its virtual assets and digital currency program as the Kingdom ventures ahead with its potential crypto ambitions. Bloomberg cited the emergence of the UAE as a global crypto hub as the push that created some urgency in Riyadh to plan more formal…
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Calls for regulations in the crypto world increase
Following the collapse of FTX, many in the industry are calling for politicians and agencies to regulate the crypto sphere to ensure that a repeat of what occurred at the start of November. In just the last 24 hours, the European Central Bank (ECB) president Christine Lagarde called regulation and supervision of crypto an “absolute necessity” for…
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South Korean Regulator Set to Launch Crypto Auditing Guidelines
South Korea’s financial regulator has revealed that it wants to introduce auditing guidelines for crypto-related firms – in response to the Terra-LUNC “incident” and the fall of FTX. Crypto exchanges and a range of crypto firms are growing in South Korea. But the current system of accounting does not provide options for companies with crypto holdings. Per Asia Kyungjae,…
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Lebanon looks at Bitcoin as an alternative source of income
In Lebanon, where hyper-inflation is currently rampant many have turned towards bitcoin as a solution. Banks in Lebanon have limited the amount of money people can withdraw and with dealing with issues related to hyper-inflation, many Lebanese are looking at Bitcoin as a good alternative. There are examples of people using Bitcoin as not only…
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Bitcoin and Beyond: The Future of Cryptocurrency Investing
The landscape for institutional crypto investors has been definitely shifting recently, says Ajit Tripathi, former investment banker at Barclays and Goldman Sachs and until recently head of institutional business at decentralized finance (DeFi) project Aave. “I’ve been talking to some sovereign fund [managers] last week, and they [have] started making token investments,” Tripathi told CoinDesk…
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How to Invest in Cryptocurrency
With demand and utility of crypto sectors like smart contracts, decentralized finance applications and NFTs on a steady rise, cryptocurrency is no longer on the fringes of finance. As more businesses accept cryptocurrency and the blockchain technology that facilitates its operation, you may inevitably have to learn the dynamics of the crypto world and even consider investing in it.…
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