Cryptocurrency news - Politics
Russian tech and political executives denounce crypto ban proposal
Russia’s recent ban on crypto has drawn criticism from a number of big names, including Alexei Navalny’s chief of staff Leonid Volkov, and Telegram founder Pavel Durov. On Jan. 20, Russia’s Central Bank published a report proposing a blanket ban on domestic cryp...
El Salvador Plans to Offer Crypto-Based Loans for SMEs
The government of El Salvador plans to offer small and medium-sized companies (SMEs) $10 million in crypto-based loans as of the first quarter of 2022. Acumen, a Solana-based lending and borrowing platform, will provide U.S. dollar funding to El Salvador's National Commi...
EU securities regulator calls for proof-of-work crypto mining ban
Erik Thedéen, the vice-chair of the European Securities and Markets Authority has raised concerns over the growing use of renewable energy for Bitcoin mining. In a recent interview with the Financial Times, Thedéen said that Bitcoin (BTC) mining has become...
Spanish government will implement new rules for crypto ads
Spanish financial regulator Comisión Nacional del Mercado de Valores, or CNMV, announced new regulations for crypto-asset investments advertising. According to the new circular that will take effect on February 17, 2022, crypto ads must be “clear, balanced and fair&r...
El Salvador to Build New National Stadium in Collaboration With China, Bukele Says in ‘Surprise’ New Year’s Eve Tweet
El Salvador will build a new national stadium in a collaboration with China, President Nayib Bukele said in a Spanish-language Twitter post on Friday. “This is a collaboration granted directly by President Xi and a sample of the friendship between the peoples of...
Paraguay’s Senate Approves Proposal Regulating Crypto Mining and Trading
The Senate of Paraguay passed a bill on Thursday that regulates the mining and trading of cryptocurrencies.Paraguay’s Chamber of Deputies will discuss the bill in 2022, as confirmed on Twitter by Paraguayan Sen. Fernando Silva Facetti, one of the three authors of the measur...
India’s Crypto Bill Likely to Be Delayed for Several Weeks: Reports
India’s highly anticipated crypto regulation bill probably won’t be introduced to Parliament until next year’s session begins in late January or early February, several media outlets reported. Media reports citing unnamed sources said the crypto bill...
Japan Moves to Impose New Regulations on Stablecoin Issuers: Report
Japan’s top banking regulator will introduce new legislation in 2022 that seeks to limit the issuance of stablecoins to banks and wire transfer companies, according to a report from Nikkei Asia on Monday. The regulations that will be proposed by Japan’s Finan...
El Salvador's IMF discussions will be unaffected by Bitcoin adoption
Douglas Rodriguez, head of El Salvador's Central Reserve Bank, rejected the concerns that the introduction of Bitcoin would jeopardize preparations for an IMF credit facility worth $1.3 billion. Douglas Rodriguez stated that the government sees no concerns linked with the Bi...