Russian Central Bank Chief: Mass Launch of Digital Ruble Could Take 5-7 Years

by Александр Пирогов | Apr 11, 2024 | Blog News

Elvira Nabiullina, the head of the Russian central bank, has stated that the mass launch of the digital ruble could take between five to seven years. This contradicts recent suggestions by Anatoly Aksakov, chairman of the State Duma Committee on the Financial Market,...

Prosecutors Compare Avraham Eisenberg’s Alleged Crypto Exploit to a Fake Diamond Ring Scam

by Александр Пирогов | Apr 10, 2024 | Blog News

In the Manhattan federal court, prosecutors likened Avraham “Avi” Eisenberg’s alleged $110 million exploit of the Solana decentralized exchange Mango Markets to a scam involving a fake diamond ring. Assistant Attorney Tian Huang argued that...

US Deputy Treasury Secretary Advocates for Enhanced Crypto Enforcement Powers

by Александр Пирогов | Apr 10, 2024 | Blog News

In testimony before the Senate Banking Committee, Deputy Treasury Secretary Adewale Adeyemo reiterated the department’s call for increased enforcement powers to combat illicit finance, terrorism, and sanctions evasion in the crypto space. Adeyemo outlined three...

Hong Kong Set to Approve First Batch of Spot Bitcoin ETFs

by Александр Пирогов | Apr 10, 2024 | Blog News

Reports indicate that the Securities and Futures Commission of Hong Kong is poised to approve the first batch of spot Bitcoin exchange-traded funds (ETFs) in the region by April 15. Initially, the regulator planned to approve four spot Bitcoin ETFs, but at least two...

MAS Broadens Regulatory Framework for Digital Payment Token Service Providers in Singapore

by Александр Пирогов | Apr 10, 2024 | Blog News

The Monetary Authority of Singapore (MAS) has announced amendments to the regulatory framework governing digital payment token (DPT) service providers under the Payment Services Act (PS Act). These changes covers various activities, such as custodial services, token...

Crypto Trader’s Trial Begins: Implications for DeFi Sector

by Александр Пирогов | Apr 9, 2024 | Blog News

In a landmark trial opening today in New York, crypto trader Avi Eisenberg faces charges of criminal fraud and manipulation, with significant implications for the decentralized finance (DeFi) sector. The trial involves a diverse 15-person jury, reflecting the complex...