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Russia’s New Prime Minister Has an Opinion of Cryptocurrencies

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The Russian Federation has a new prime minister, Mikhail Mishustin, with a track record of statements regarding cryptocurrencies and an affection for digitalization. A stated goal of his government will be to turn the country into a digital platform “for the people.” Time will tell, however, whether his plan encompasses the legal use of decentralized … Read more

Iran, Turkey, Malaysia Discuss Creating Unified Muslim Cryptocurrency

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At a summit attended by leaders of Muslim countries, including Malaysia, Turkey, Iran, Qatar, and Indonesia, the Iranian president proposed creating a Muslim cryptocurrency to cut reliance on the U.S. dollar. The Malaysian prime minister supports the idea of a unified cryptocurrency for Muslim countries. Also read: Regulatory Roundup: Crypto ‘Inevitable’ in India, China Rankings, … Read more

Modi Discussed Crypto Standards at G20 Summit – A Look at How They Apply to India

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India’s Prime Minister Narendra Modi participated in discussions on crypto assets at the G20 leaders’ summit in Osaka, Japan. At the conclusion of the summit, the leaders of the G20 countries jointly declared their commitment to applying the crypto standards set by the Financial Action Task Force. India’s new finance minister, Nirmala Sitharaman, also joined … Read more

Vietnam’s Central Bank Thinks Cryptocurrency Miners Should Be Banned

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According to regional reports, the State Bank of Vietnam (SBV) has agreed with a proposal to ban imported cryptocurrency mining machines in order to keep the digital currency economy tethered tightly to the government’s regulatory frameworks. The proposal was introduced by the country’s Ministry of Industry and Trade (MoIT) after the SBV announced that cryptocurrency … Read more

Vietnam Proposes Import Ban on Bitcoin Mining Equipment

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Vietnam’s Ministry of Finance has officially proposed that the country bans the import of cryptocurrency mining equipment. Bitcoin mining rigs are currently easily imported into Vietnam. This proposal follows the largest crypto fraud case in the country involving over $656 million and more than 32,000 victims. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Ministry … Read more

BTC City – Slovenia’s Largest Shopping Center to Become a ‘Genuine Bitcoin City’

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Slovenia’s largest shopping destination is implementing strategies to become a “genuine Bitcoin City.” Coincidentally named BTC City already, the complex stretches 475,000 square meters and is filled with 500 retail stores. It was recently visited by the country’s prime minister who got acquainted with its bitcoin strategy. During his visit, the state secretary bought him … Read more