Binance still serving Russians while seeking clarity on EU crypto sanctions
There is a challenge of not overdoing EU sanctions against Russia, according to Binance head of sanctions Chagri Poyraz. Go to Source Powered by WPeMatico
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Russian users are welcomed by crypto exchanges in Kazakhstan, but there’s a catch
Non-sanctioned foreigners are “more than welcome” at Intebix, but they need to set up a local bank card for crypto-to-fiat transactions, the CEO said. Go to Source Powered by WPeMatico
EU to Target Crypto Miners’ Power Usage as Union Relies Less on Russian Energy
Authorities in Brussels are taking steps to reduce power consumption, including in cryptocurrency mining, as the EU faces limited energy supplies from Russia, the reliance on which it has been trying to lower. New energy efficiency labeling is to address the growing electricity usage in the crypto sector. EU to Develop Energy Efficiency Label for … Read more
BTC energy use jumps 41% in 12 months, increasing regulatory risks
Despite the European Union rejecting a proposal banning crypto mining earlier this year, more regulations could soon be implemented to mitigate the environmental impacts of crypto mining. Go to Source Powered by WPeMatico
Europe moves toward regulatory action on crypto’s environmental impact, energy use
After rejecting a proposal to ban crypto mining, the EU is looking at disclosure and mitigation measures to make crypto assets more sustainable in the coming years. Go to Source Powered by WPeMatico
EU Commissioner urges lawmakers to hurry up with crypto regulations
During her visit to the United States, the official highlighted the importance of a truly global regulatory effort. Go to Source Powered by WPeMatico
What new EU sanctions mean for crypto exchanges and their Russian client
Despite many popular exchanges curtailing their operations within Russia, many platforms continue to service the region as usual. Go to Source Powered by WPeMatico
FX Strategists From Citi Say Euro Could Sink to $0.86 if Macro Turmoil Continues
While the euro has found support between 0.96 to 0.97 nominal U.S. dollars per unit, foreign exchange (FX) strategists from Citi believe the euro could tap a low of around $0.86 against the greenback. While the dollar slumped on October 13, the fiat currency is rising again and market strategists from Citi argue that the … Read more
The state of crypto in Western Europe: Swiss powerhouse and French unicorns
From taxes and legislation to the local startups and professional associations — all you need to know about blockchain and crypto in Western Europe. Go to Source Powered by WPeMatico
Blockchain.com closes crypto custody for Russians amid EU sanctions
Blockchain.com will soon shut down accounts of Russian nationals, while companies like Binance are also working to apply the new EU sanctions. Go to Source Powered by WPeMatico
