Russia Plans to Legalize Cross-Border Crypto Transactions by Mid-2024

by Александр Пирогов | Dec 27, 2023 | Blog News

In a recent interview, Anatoly Aksakov, Chairman of the State Duma Financial Market Committee, revealed that Russia is considering the legalization of cross-border transactions with cryptocurrencies by the second half of 2024. Aksakov emphasized the importance of...

IOSCO Releases Policy Recommendations for Consistent Regulatory Oversight

by Александр Пирогов | Dec 27, 2023 | Blog News

The International Organization of Securities Commissions (IOSCO) has issued nine policy recommendations on Dec. 19, aiming to promote greater consistency in regulatory oversight within and across jurisdictions. While the recommendations cover fundamental principles,...

Chainlink Unveils Strategy to Bridge Traditional Finance and Blockchain

by Александр Пирогов | Dec 27, 2023 | Blog News

Chainlink has announced strategic initiatives to bridge the gap between traditional finance (TradFi) and blockchain technology. The crypto oracle provider plans to expand the Cross Chain Interoperability Protocol (CCIP) for seamless cross-chain transactions,...

China Proposes Ban on Converting Game Tokens to Fiat Currency

by Александр Пирогов | Dec 27, 2023 | Blog News

China’s General Administration of Press and Publication (GAPP) has proposed guidelines for the online games industry, including a ban on converting in-game tokens to legal tender. The draft guidelines also suggest stricter regulations, requiring companies to...

Central Bank of Nigeria Revokes Banking Restrictions on Crypto Players

by Александр Пирогов | Dec 27, 2023 | Blog News

The Central Bank of Nigeria (CBN) has lifted banking restrictions on virtual asset service providers (VASPs) that were imposed in 2021. While banks in Nigeria are still prohibited from holding, trading, or transacting in virtual currencies, they can now facilitate...

Nexo’s Money Laundering Investigation in Bulgaria Closed Due to Lack of Evidence

by Александр Пирогов | Dec 27, 2023 | Blog News

Bulgarian authorities have reportedly closed the money laundering investigation against crypto lender Nexo, citing a lack of evidence of criminal activity, tax offenses, or computer fraud by the company’s executives. The investigation, which also looked into...