Russian visits to global crypto exchanges rise by 16.4%, raising concerns over potential sanctions blocking access to funds. The government must balance innovation with financial stability amid growing crypto interest.
EdmundRussia to ban cryptocurrencies in September to protect ruble. CBDC pilot ongoing, potential adoption by 2025.
EdmundBlockchain sleuths uncover $100 million scam in Myanmar using Tether tokens, revealing a cyberpunk thriller-like deception centered around KK Park. Despite blockchain's transparency, Tether and Tron facilitate fraud, prompting calls for regulatory action and industry collaboration.
Huang BoSingapore Prime Minister Lee Hsien Loong has issued a warning against deepfake videos circulating on social media, urging the public to be cautious of cryptocurrency investment scams. The Prime Minister clarified a deepfake video on Facebook, emphasizing the use of AI technology to manipulate his voice and image. He called on the public to ignore such videos and report false information. The Prime Minister also noted the escalating threat of deepfake videos, with recent reports indicating a 500% surge in such content within the country in 2023.
SanyaThe global surge in reported crypto scams has sparked inquiries about the possible link between the growth of the cryptocurrency market and the escalation of fraudulent incidents.
Hui XinRussian lawmakers are considering a ban on private citizens participating in cryptocurrency mining, with a focus on legalizing mining for registered businesses. This move comes as the Industrial Mining Association is established to influence the industry's trajectory and improve taxation for industrial miners. The integration of cryptocurrencies into the Russian economy may take some time but is expected to increase in state transactions and trade activities.
JixuRussian actor Artem Tkachenko found himself entangled in a distressing crypto scam, losing over $250,000. Like the rest of us folks, it seems like celebrities aren’t immune to crypto scams.
CatherineThe monetary authority will allow the use of cryptocurrencies for foreign trade, a senior central bank official said at a news conference.
CointelegraphA few months ago, Russia’s central bank proposed a blanket ban on cryptocurrency trading and mining. In its warning at the time, the central bank highlighted that cryptocurrency mining poses significant risks to the country’s economic and financial stability. However, President Putin appeared to disagree after a wave of sanctions hit Russia, saying Russia has vast energy wealth and expertise in the field.
链向资讯Despite increased economic sanctions against Russia, the number of cryptocurrencies bought in rubles on major exchanges continues to decline.
Cointelegraph