Russia Ban Crypto

Russia Mulls Cryptocurrency Payment Ban

Russia is considering a ban on cryptocurrency payments, citing concerns about illegal activity and financial instability. The move would prohibit the use of digital currencies for transactions, and impose penalties on businesses that accept them. The proposal has drawn criticism from some in the industry, who argue that it would stifle innovation and harm the country’s economic growth. However, proponents argue that the ban is necessary to protect consumers and maintain the integrity of the financial system. The decision is expected to be made in the coming months, and could have significant implications for the cryptocurrency market in Russia.

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India Mulls Digital Rupee as CBDC

India is reportedly exploring the possibility of creating a digital version of its currency, the rupee, as a central bank digital currency (CBDC). According to reports, the Reserve Bank of India has formed a committee to study the feasibility of a digital rupee, which could be used for purchases and transactions. This move is part of India’s efforts to modernize its financial system and promote digital payments. However, the RBI has also cautioned that it is still studying the risks and benefits of a CBDC and has not yet decided whether to issue one.

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Nasdaq Targets Q2 2023 Launch of Bitcoin and Crypto Custody Platform

Nasdaq plans to launch a cryptocurrency custody platform in Q2 2023, which will enable institutional investors to securely hold and trade digital assets. The platform aims to offer scalable and reliable solutions for the safekeeping of Bitcoin and other cryptocurrencies. This move is expected to broaden the adoption of digital assets among traditional investors, ultimately driving the growth of the crypto market.

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