The Swedish Central Bank argues that cryptocurrencies lack sufficient stability to function as a store of value, medium of exchange or unit of account. Following the many monetary authorities who have been dismissing bitcoin’s potential as cash, the Riksbank, the Central Bank of Sweden, explained
The government document, published on Wednesday night on the Duma website, says that taxi services, which are popular in Russia and used via mobile apps, will be required to provide FSBs with real-time access to their databases of orders. “This is a very difficult measure
The International Monetary Fund (IMF) criticized the Central African Republic’s decision to adopt bitcoin as its official currency, as El Salvador did. The IMF insists that adoption poses legal economic challenges not just for the country but also for the region. The IMF said the
The Central Bank of Argentina banned this Thursday night (5) the offer of crypto-assets, including Bitcoin, by financial institutions in the country. The Argentine BC published a statement entitled “BCRA discourages the offer of crypto-assets by the financial system”, but the body of the text
Residents of Shanghai, China’s largest city with a population of over 25 million, are finding new ways to vent their frustrations and protest the country’s zero-tolerance government-enacted policies to contain the Covid-19 outbreak that require consecutive periods of quarantine. One such resident is Simon Fang,
Russia is waging a “disinformation war” from a former St Petersburg factory to target Western leaders and relay Kremlin propaganda about Ukraine, the British government warned today. In a report, commissioned by the British government and whose authors were not identified for security reasons, it
The country of Xi Jinping has long been waging a bloody war against Bitcoin and other cryptocurrencies. Until 2020, however, the bloodshed was solely of the Chinese government, which failed miserably in all attempts to ban bitcoin in the country. From legal operations against users,
The Nexta news agency advances this Thursday that the creator of some of the most used text fonts in the world has banned the use in Russia of its most popular options. As confirmed by Sky News, the American company Monotype has decided to block
The Starlink terminals donated by SpaceX to Ukraine were, after all, paid for by the US, reports The Washington Post. Available information indicates that the 3,667 Starlink terminals were partially financed by the US government. According to the publication, the Agency for International Development will
Indonesia will levy a 0.1% tax on transactions involving cryptocurrencies, Reuters reports. The tax will begin to be collected on May 1st and will be of the “value-added tax” (VAT) class, which are imposed in negotiations involving capital gains with commodities. This is an important