Tag: Crypto Regulation
Russia built a $100 billion shadow dollar system in 10 months — and Putin cut the ribbon
A ruble-backed stablecoin co-owned by a sanctioned Russian state defense bank and a convicted Moldovan oligarch processed more than $100 billion in transactions in under 12 months, according to a report by blockchain analytics firm Elliptic. On April 23, the European Council adopted its 20th sanctions package against Russia, imposing a complete ban on cryptocurrency…
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Japan treats Bitcoin like stocks now – first G7 nation to reclassify $33B in crypto as financial instruments
Japan’s cabinet just moved 13 million crypto accounts and $33 billion in deposits under the same legal framework as equities and bonds. $33 billion in crypto deposits. Thirteen million accounts. All of it just shifted from one regulatory box to another – and the new box is the Financial Instruments and Exchange Act, Japan’s equivalent…
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