BTC maxis desperate to prove their utility-free token has some functional purpose should tread carefully before promoting it as a tool for wealthy Russians to evade economic sanctions.
The digital currency community is actively promoting its response to Russia’s invasion of Ukraine, despite suggestions that this response may have been based more on self-interested speculation than on selfless support for a democratic nation struggling to remain independent.
The “crypto bros” self-serving response to Russia’s war on Ukraine is providing all the ammunition regulators need to bring the hammer down on their laser-eyed heads.
Ukrainian-American sports club Tryzub, together with FabriikX and NFTfamiliars, has released two limited edition NFTs to raise money for the besieged Ukrainian government.
U.S. AG Merrick B. Garland is targeting "individuals and entities" seeking to evade economic sanctions on Russian businesses with the recent "Task Force KleptoCapture" announcement.
In addition to the new regulations regarding rules for digital currencies, the U.S. Treasury also warned exchanges not to facilitate transactions for individuals or entities on the sanctions list.
The U.K. parliament is pushing for the passing of a new economic bill that will give the government greater power to seize digital currencies to curb money laundering.
The truth is, BTC does not do a majority of the things that it's marketed to do, and now that the world is putting its narratives to the test, BTC is failing in nearly every department.
The Ministry of Energy cracked down on the 13 illegal mining farms, which it claimed had been using a lot of energy and vowed to continue to clamp down on other illicit miners.
The Ministry of Finance submitted a new draft bill in parliament that will license exchanges, make Bitcoin a legal asset, and require online exam for investors.
The Finance Ministry has opened a public feedback period until mid-March on a piece of legislation that will make Bitcoin legal in Russia.
The Ukrainian parliament has passed a bill giving digital currencies legal status after months of debate and has also reduced the number of market regulators by one.
