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Russia proposes ban on use and mining of cryptocurrencies

Russia’s central bank on Thursday proposed banning the use and mining of cryptocurrencies on Russian territory, citing threats to financial stability, citizens’ wellbeing and its monetary policy sovereignty. The move is the latest in a global cryptocurrency crackdown as governments from Asia to the United States worry that privately operated and highly volatile digital currencies …

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NYC Mayor Adams to Convert First Paycheck to Bitcoin, Ethereum via Coinbase

Paycheck to be converted into crypto through Coinbase Adams vows to turn New York into a crypto-friendly hub New York City Mayor Eric Adams confirmed his first paycheck — which arrives on Friday — will be converted into Bitcoin and Ethereum. Coinbase Global Inc., the largest U.S. cryptocurrency exchange, will be handling the conversion through …

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35 bills targeting cryptocurrency policy have been introduced in the U.S. Congress in 2021

As 2021 comes to a close, the 117th Congress has introduced 35 bills in 2021 focusing on cryptocurrency and blockchain policy. Members of Congress have introduced three different types of bills focusing on (1) cryptocurrency regulation,; (2) the application of blockchain technology; (3) central bank digital currencies (CBDC). The first set of bills focuses on …

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