Business

Russia: Lawmaker proposes adding digital assets exchange division to MOEX
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17 July, 2022

Russia: Lawmaker proposes adding digital assets exchange division to MOEX

The head of Russia's State Duma Committee on financial markets, Anatoly Aksakov, has introduced the proposal to launch a regulated...
South Korea: Fintech giant Dunamu plans to invest $385M to create 10,000 Web3 jobs
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17 July, 2022

South Korea: Fintech giant Dunamu plans to invest $385M to create 10,000 Web3 jobs

The South Korean fintech giant expects the investment to create 10,000 jobs in the Web3 space and says it will...
Russia’s central bank opposes ‘overly risky’ private stablecoins
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16 July, 2022

Russia’s central bank opposes ‘overly risky’ private stablecoins

The Bank of Russia says that stablecoins are risky because the underlying pool of assets doesn’t belong to the user,...
Bank of France governor announces phase 2 of digital euro development
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16 July, 2022

Bank of France governor announces phase 2 of digital euro development

François Villeroy de Galhau, governor of the Banque de France, said the second phase would see four or five experiments...
BIS: CBDCs could solve cross border friction, but interoperability still major challenge
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16 July, 2022

BIS: CBDCs could solve cross border friction, but interoperability still major challenge

BIS and IMF say that using CBDCs could solve many challenges with cross-border movement of funds, but question whether central...
Celsius Network is bankrupt—this is getting ridiculous
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15 July, 2022

Celsius Network is bankrupt—this is getting ridiculous

Celsius Network has an estimated 100,000 creditors and has $12 billion under management as of May 2022, although it's unclear...
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