U.S. Removes Cryptocurrency AML Measures from Defense Funding Bill

by Александр Пирогов | Dec 11, 2023 | Blog News

The National Defense Authorization Act (NDAA) in the United States has seen the removal of two Anti-Money Laundering (AML) provisions related to cryptocurrency. The first provision involved coordinating with regulators to establish a risk-focused examination and...

Google Implements Stricter Advertising Standards for Cryptocurrency Coin Trusts

by Александр Пирогов | Dec 11, 2023 | Blog News

Starting January 29, 2024, Google is imposing stricter advertising standards for Cryptocurrency Coin Trusts in the United States. Advertisers promoting these financial products, which allow investors to trade shares in pools of digital currency, must adhere to new...

Singapore and China Launch Pilot Program for Digital Yuan in Cross-Border Tourism Spending

by Александр Пирогов | Dec 11, 2023 | Blog News

Singapore and China have initiated a cross-border pilot program for the use of China’s central bank digital currency (CBDC), the digital yuan (e-CNY). The program, a collaboration between the Monetary Authority of Singapore (MAS) and the People’s Bank of China’s...

IRS Seeks Stakeholder Input on New Crypto Reporting Regulations

by Александр Пирогов | Dec 11, 2023 | Blog News

The IRS is actively seeking input from stakeholders on proposed cryptocurrency tax reporting measures until January 25, 2024. These regulations are part of the American Families Plan Act of 2023 and will target brokers and intermediaries in the crypto business. If...

Indian Government Supports Web3 Startups, Establishes Blockchain CoE

by Александр Пирогов | Dec 11, 2023 | Blog News

The Indian government has expressed its support for startups innovating in the Web3 sector, including those focused on blockchain technology. The Minister of Electronics and Information Technology, Rajeev Chandrasekhar, mentioned the government’s commitment to...

Armenian Cultural Heritage Digitized Using Solana Blockchain and NFTs

by Александр Пирогов | Dec 11, 2023 | Blog News

The Realm of Historia project has announced plans to use blockchain technology and Non fungible tokens (NFTs) to preserve Armenian cultural heritage. The initiative, starting with the digital asset collection “Realm of Historia: Carahunge X,” aims to...