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Bank of Russia: We are Opposed to Crypto, But May Consider Gold-Backed Digi-Asset

According to local news publication TASS, the Bank of Russia will consider a gold-backed digital currency for use in international settlements. However, the institution remains opposed to truly decentralised crypto assets. The world power has…
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Russia Parliament Approves Swift-Alternative but Moves Crypto Bill to April

Two very contrasting events took place in Russia lower house parliament last week. In the first, the State Duma approved the international use of a Swift-like financial network to eliminate the risks of western sanctions. In the other, it postponed…
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Crypto Community Riled at Russian Exchange’s Coin Pump Scheme

The crypto market has just entered into another tough period when a lot of coins started losing its value. In the midst of all the chaos, one cryptocurrency exchange announced a new pump scheme on several random coins, while hoping to get a…
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ECB Has No Plans to Launch Digital Currency Due to Blockchain Immaturity

The European Central Bank (ECB) is not issuing a digital currency any time soon, according to President Mario Draghi. He’s argued that the blockchain technology is not mature enough for such a level of responsibility and physical cash…
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Cryptocurrency is Helping Fuel Lithuania’s Economy, Bankers Fear Financial Disruption

Cryptocurrency is helping to fuel Lithuania’s economy, but European central bankers have argued that it will aid illegal activity while disrupting traditional finance. Open Arms Approach The cryptocurrency market has had a tough first…