Cryptocurrency news Financial News

Herat, Afghanistan: In the middle of a bazaar in western Afghanistan, Arezo Akrimi takes out her smartphone and, after a few taps of the screen, changes some cryptocurrency for a bundle of hard cash. Arezo, 19, is one of a hundred students in Herat receiving around $200 a month in cryptocurrency since September thanks to an American NGO Code To Inspire. This sum, which she converts at a bureau de change into Afghanis, is crucial for the rent and to help feed her family of six.

Crypto firm FTX founder slams crypto industry messaging on Russia sanctions

Binance says users in Ontario restricted from using its platform - regulator

Crypto exchanges face 'fork in the road' over Russia, LSE Group chief says

India, he said in a written reply. «RBI does not issue a cryptocurrency. Traditional paper currency is a legal tender and is issued by RBI in terms of provisions of RBI Act, 1994. A digital version of traditional paper currency is called Central Bank Digital Currency (CBDC),» he said. RBI is currently working towards a phased implementation strategy for the introduction of CBDC and examining use cases that could be implemented with little or no disruption, he said in another reply.

Russians are seeking a safe haven for their crypto fortunes in the UAE

Regulators have introduced KYC norms for crypto trading

Bitcoin has largely remained unaffected by US Federal Reserve's hawkish stand and Ukraine crisis

cryptocurrency executive and civil charges against him and his sister, accusing them of defrauding retail investors out of millions of dollars with a digital token known as Ormeus Coin. In papers filed in Manhattan federal court, the Justice Department said John Barksdale lied about the value and profitability of Ormeus Coin's mining assets, including that the coin was backed by a $250 million mining operation generating more than $5 million of monthly revenue. Barksdale and his sister JonAtina Barksdale were separately charged by the Securities and Exchange Commission with conducting fraudulent unregistered offerings of Ormeus Coin.

cryptocurrency this week that will mark the first step toward regulating how digital currency is traded. The move comes as administration officials have raised concerns in recent weeks about Russia's use of cryptocurrency to evade the impact of crushing sanctions in response to its invasion of Ukraine. The sanctions have sent the ruble to historic lows and have closed the country's stock market. Two people familiar with the process said the executive order on cryptocurrency was expected to be issued this week and it had been in the works long before the war. Both people spoke on condition of anonymity to preview the order.

Ukraine has increased the number of cryptocurrencies it is accepting for military donations

Ever since the conflict began, there has been a bank run that happened on both sides of the border. A bank run is an event where a large group of depositors wants to withdraw their money from the bank. The Russian central bank even raised its interest rates up to a staggering 20% to stabilise the freefall of the value of the rouble. In these uncertain times, money tends to flow towards safe havens like gold. However, Bitcoin is looking better. As it is difficult to carry gold around and the value of the fiat currency is free falling, it is far easier to remember the private keys to your crypto. Testimonials are coming from Ukrainian refugees who have some financial stability solely because they brought along cryptocurrency with them. Ukraine Vice President also tweeted about accepting international support via cryptocurrencies and there the crypto community has donated more than $70 million.

Lugano, a city in Switzerland, is adopting cryptocurrency as a means for payment of taxes

Lugano, a city in Switzerland, is adopting cryptocurrency as a means for payment of taxes

Cryptocurrencies have been close to the headlines since Russia invaded Ukraine

Rachel Siegel founded the platform Crypto Finally

Ukraine had legalised cryptocurrency just days before Russia's invasion

Colorado will become first American state to accept cryptocurrencies for tax and fee payments

Binance has said it has no plans to freeze user accounts in Russia

Donations are pouring in, even from a crypto-linked organisation, for Ukraine

A Ukrainian volunteer group has received over $4 million in bitcoin donations