Blockchain & crypto news from India
The ongoing World Economic Forum at Davos is a meeting place of the big names of the world. This year, crypto and blockchain businesses have a lot at stake after a year full of turbulence. Several scams and collapses have hit the trust factor. An unlikely competition has now emerged in the form of CBDCs…
In response to what it refers to as “sham” secession votes in four regions of Ukraine, the European Union has confirmed a broad ban on offering crypto services to Russians. At the same time, sanctions are being tightened. CoinDesk broke the story first last week. After the invasion of Ukraine in February, the union enacted…
Has the bear market dented the confidence of investors around the world in cryptocurrencies? Which countries are leading the pack in terms of cryptocurrencies deposited in exchanges and other investing platforms such as De-Fi? Chainalysis will be publishing a full report this October, and in a blog post has given a peek into the major…
Georgia has made itself an attractive destination for cryptocurrency businesses by adopting a crypto legalization bill. Back in 2018, the crypto industry in Georgia was reported to be around 200,000. The recently adopted bill – to go into the parliament for the final nod – makes crypto businesses legal. The inclusion of regulations for digital…
On Tuesday, crypto exchange Binance said that it has introduced a card for users from Ukraine who have escaped their nation due to invasion by Russia, saying the blockchain-based currency is an efficient medium for meeting emergency financial requirements. The Binance Refugee Crypto Card is free and is for all existing and new Binance users…
EU member states agreed Friday to prohibit the services of high-value crypto assets to Russia as part of the fifth package of sanctions imposed in response to the Ukraine war. The European Commission said that the stance will lead to closing potential loopholes in existing restrictions and was declared next to bans on four Russian…
The government of Ukraine declared that it cancelled its plan of crypto airdrop for receiving donations towards its war against last week Russian invasion. The authorities have instead said that they will sell non-fungible tokens (NFTs) to generate funds to foster its armed forces. Ukraine’s Vice Prime Minister, Mykhailo Fedorov informed the citizens that the…
President Joe Biden is anticipating signing an executive order on crypto this week that will mark the initial step towards regulating how digital currency is traded. The stance comes as admin officials have raised issues in recent weeks about Russia’s use of crypto to escape the impact of crushing sanctions in response to its invasion…
When the US prohibited its citizens from conducting business with Russian banks, gas and oil developers, and other firms in 2014, after the nation invaded Crimea, the hit to Russia’s economy was immense and swift. Economists calculated that sanctions imposed by Western nations cost Russia around $50 billion per year. Since that day, the global…
On Thursday, Ukraine legalized cryptocurrencies even as its tensions with Russia have disturbed markets globally in the previous week because of global concerns over the prospect of a wider war with over 100,000 Russian troops near the Ukrainian frontier. In a Tweet, the Ukraine Vice Prime Minister Mykhailo Fedorov said that the country is already…