Business

Bank of Russia plans to take fees for CBDC transactions: Report

The Russian central bank continues to disclose more details about its upcoming digital currency and is now reportedly planning to take commissions for the digital

Business

US city sets up Bitcoin ATM in airport after crypto payment adoption

The North Dakota’s City of Williston continues exploring and adopting the cryptocurrency industry by elevating a crypto automated teller machine (ATM) in its international airport.

Business

Lawmakers push back on crypto provisions in Infrastructure Bill

Lawmakers from both sides of the aisle are fighting back against changes to tax reporting rules for crypto brokers and transactions over $10,000 in the

Business

U.S. is not moving fast enough to develop a CBDC, says former CFTC chair

Tim Massad, who served as chair of the Commodity Futures Trading Commission until 2017, said the United States is too slow in developing a plan

Business

Fidelity clears regulatory hurdle to become Canada’s first institutional Bitcoin custodian

As reported by The Globe and Mail, Fidelity Clearing Canada received approval from the Investment Industry Regulatory Organization of Canada on Wednesday to launch a

Business

India to reduce GST paid on cryptocurrency exchanges from 18% to 1% through regulatory reclassification

According to a report from CNBC TV18 India, the nation’s government plans to reclassify cryptocurrency exchanges as e-commerce platforms, which will reduce the Goods and

Business

Fed Governor Waller praises stablecoins as a genuine innovation that makes the development of CBDCs redundant

In a speech published Wednesday noon, Federal Reserve Governor Christopher J. Waller reiterated his skepticism for implementing a central bank digital currency, or CBDC, in

Business

Acting OCC head calls for consolidated supervision for crypto firms

Michael Hsu, the acting head of the United States Office of the Comptroller of the Currency, hopes to address gaps in supervision for companies dealing

Business

Digital ruble should not affect inflation, Bank of Russia says

The Bank of Russia will only fully adopt a central bank digital currency (CBDC) if the digital ruble meets several conditions within pilot tests, governor

Business

CZ reveals how many users left Binance after mandatory KYC

Major crypto exchange Binance took a compliance-friendly approach to its business after years of cat-and-mouse game with regulators around the world and it worked surprisingly