Russia’s central bank has put forward a proposal to ban the use and mining of cryptocurrencies, according to Reuters. The proposal indicates that cryptocurrencies pose a risk to financial stability and the well-being of citizens, as well as a threat to Russia’s sovereignty with regard
Since China banned cryptocurrency trading, the country’s authorities have started to tighten up. As a result, 259 cases involving money laundering with cryptocurrencies were fought, with the seizure of 11 billion yuan. The amount corresponds to approximately $1.7 billion in current values. According to the
The bet made on bitcoin (BTC) by Nayib Bukele, president of El Salvador, is costing the country dearly, according to calculations made by Bloomberg. Based on Bukele’s frequent announcements on Twitter about acquiring bitcoin alone, the Salvadoran president bought 1,391 BTC. These acquisitions, according to
China has always been against cryptocurrencies over the years, reinforcing its initiatives in 2021 to suspend bitcoin mining. But what about non-fungible tokens (or NFTs)? A new paper suggests China will launch its own state-owned platform to launch such tokenized digital collectibles, but without the
Huawei president Guo Ping sent a letter to the company’s workers in which he said he expects a 30% drop in revenue for 2021, the result of sanctions imposed by the US over the past few years. “We have to remain faithful to our strategy
The People’s Bank of China (BPC) on Tuesday injected 200,000 million yuan ($31 billion) in the short term through a refinancing operation (repo) in which it applied an interest rate of 2.20%, according to the entity. The operation took place after this Monday the indicators
Turkish President Recep Tayyip Erdoğan told in a news conference on Friday that the bill regulating the cryptocurrency market will soon be sent to the country’s parliament. “We are going to go a step further and send [the bill] to parliament,” Erdoğan said. Although the
The Senate of Paraguay, the main legislative entity of the South American country, approved this week a bill that regulates the mining and commercialization of cryptocurrencies at the local level. This was confirmed through a message thread by the Paraguayan senator and co-author of the
In Myanmar, a government led by the followers of Aung San Suu Kyi (a former Myanmar state adviser who holds the title of government leader) has recognized Tether (USDT) as a currency, according to Bloomberg. The National Unity Government (NUG) made the announcement this Monday
Prices continue to rise in the United States and in November they grew at the fastest rate recorded in almost 40 years, since June 1982. Specifically, according to the Bureau of Labor Statistics, the consumer price index (CPI) rose by 6.8% year-on-year, significantly above the