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Russian Prime Minister Sets Deadline For Adopting New Approach to Cryptocurrencies
The awesome wave of change has snaked into the Russian cryptocurrency market as their finance ministry advocates for a new regulatory framework to be adopted by the country’s legislative body. This proposition entails that cryptocurrencies will be classified under three separate legal categories or tiers as set by the Russia legislative body law. These tiers are virtual assets, technical tokens, and digital finance asses.
Philippines Warns the Public on Bitcoin Scammers Posing as Government Officials
Finance ministry of the Philippines Government has alerted the public about false information that fraudulently uses the name of Secretary Carlos Dominguez III to promote a fake crypto trading platform recognized as “Bitcoin Revolution”.
India’s Finance Minister Says Crypto Ban May not Happen and Government May Experiment with New Technologies
India’s Finance Minister, Nirmala Sitharaman, has revealed that the government is not intending to completely ban cryptocurrencies.
Jamaica to Launch Central Bank Digital Currency in 2022
Jamaica’s Minister of Finance Nigel Clarke has announced that the country intends to launch its central bank digital currency (CBDC) in 2022.
UK Government Wants FCA Oversight on Crypto Investment Advertising
The UK Government has proposed that crypto asset promotions should fall under the scope of the Financial Conduct Authority’s existing oversight and does not require a whole new framework just for digital assets.
G7 Will Meet to Discuss CBDC and Digital Tax this Week Says Japan’s Finance Minister
The Group of Seven (G7) will meet on Feb.12 to discuss central bank digital currencies (CBDC), digital taxation and global debt according to Japan’s Finance Minister Taro Aso.
India’s Government Plans to Bring Back Law to Ban Cryptocurrencies
A report revealed that the Finance Ministry is now inviting other ministries to have a discussion of its earlier draft on the crypto ban introduced a year ago.
Singapore’s Central Bank Raises Alarm About a Bitcoin Scam
Singapore’s Central Bank enlightens the public about a Bitcoin Scam with a supposed initiative known as Bitcoin Loophole where investors’ trades are run.
Japan’s Finance Minister Says No Plans to Lower Taxes for Cryptocurrencies Amid Call for Tax Rate Cut
Japan’s finance minister stated that there is no need to lower crypto tax rates.
Former Canadian Prime Minister Sees Bitcoin As A Potential Future Reserve Currency
Stephen Harper, the former prime minister of Canada, has named Bitcoin as a possible reserve currency in the future.
Bitcoin Price Rally Will Peak Out Early in 2021, according to CNBC Report
As one institutional analyst told CNBC—the Bitcoin price could peak out early in 2021, providing another prime opportunity to buy the BTC price dip.
Fifth Belt and Road Summit draws to successful close
The fifth Belt and Road Summit, jointly organised by the Government of the Hong Kong Special Administrative Region (HKSAR) and the Hong Kong Trade Development Council (HKTDC), drew to a successful close today. In response to the COVID-19 pandemic, this year’s summit was changed to an online broadcast. With the new virtual platform helping to overcome geographical boundaries, more than 6,000 participants from about 80 countries and regions attended the event.