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After Central Bank Devalues Naira by 5% Finance Minister Attributes Drop to ‘Market Forces’
14.6.2021
Nigerian Finance Minister Zainab Ahmed has denied widespread reports that the Central Bank of Nigeria (CBN) had sanctioned the devaluation of the local currency sometime in May 2021. Instead, she attributes the naira’s fall to the “volatility in the oil price.” Ahmed’s...
The Netherlands should regulate crypto instead of banning it, says finance minister
14.6.2021
Dutch finance minister Wopke Hoekstra is confident that supervision is more effective than banning crypto outright
Dutch Official Predicts Crypto Market Crash, Says ‘the Netherlands Must Ban Bitcoin Now’
14.6.2021
The director of the Netherlands’ Bureau for Economic Policy Analysis, a part of the country’s Ministry of Economic Affairs and Climate Policy, has predicted “The ultimate collapse of the crypto bubble.” He urges the government to ban bitcoin and other cryptocurrencies...
Russia’s Foreign Minister: Crypto Will Inevitably Play Role in Int’l Trade
12.6.2021
The Russian Foreign Minister Sergei Lavrov has underlined Moscow’s intention to do away with the USD – and has suggested that crypto could play a part in ousting the greenback in trade deals.
Lavrov’s comments could give real hope to those hoping crypto will find use-cases in international...
Canadian prime minister's sibling goes bananas for Dogecoin at Bitcoin 2021
9.6.2021
"I say keep an open mind towards the Doge and Doge-consciousness,” said Kyle Kemper
More Latin American MPs Push for Bitcoin Laws – Including a Gov’t Vice Minister
9.6.2021
The ranks of Latin American politicians joining the laser-eyed, bitcoin (BTC) adoption-supporting movement are beginning to swell – and while the majority of the crowd are young, opposition party MPs, the group now boasts at least one government vice minister.
While the movement began in earnest...
Government Cannot Stand in the Way of Crypto Technologies, Iran Minister Says
7.6.2021
New technologies, including blockchain and cryptocurrency mining, have helped Iran to increase budget receipts and withstand foreign sanctions, according to the country’s minister for economy and finance. The high-ranking official believes the government can’t interfere with their...
Norway Finance Minister Sees Great Interest in Cryptocurrency — Says Bitcoin Could See ‘Breakthroughs’
7.6.2021
The finance minister of Norway believes that bitcoin may experience “breakthroughs.” He noted that “There is no doubt that there is great interest in cryptocurrency both in Norway and internationally.” Bitcoin May See Breakthroughs, Says Finance Minister of Norway...
De-Dollarization: Russia Removing All US Dollar Assets From Its $600 Billion National Wealth Fund
5.6.2021
Russia has reportedly announced that U.S. dollar assets will be removed from its National Wealth Fund as U.S. sanctions on Moscow intensify. The fund, which currently totals about $600.9 billion, forms part of Russia’s gold and currency reserves. Russia Steps up De-Dollarization Efforts...
Crypto firms not meeting AML standards, says UK minister
28.5.2021
Only five crypto firms have received FCA AML registration after the authority became the official money laundering supervisor for crypto businesses last year
South Korean Deputy Prime Minister Eases Anti-Crypto Rhetoric, Aims to Create More Domestic Market Opportunities
21.5.2021
The South Korean government seems to be easing its anti-crypto tone, as the Deputy Prime Minister came forward with a statement that opened the doors for future open dialogue on virtual currency topics. Hong Nam-ki unveiled that officials are assessing ways to get young people into “domestic...
Australian Senator Says Cryptocurrency Is Not a Fad — Government Won’t Stand in the Way
20.5.2021
Australian Senator and Minister of Financial Services Jane Hume said that “cryptocurrency is not a fad. It is an asset class that will grow in importance.” She emphasized that the government won’t stand in the way of crypto investing. “We have to let people make their...
Hungary to Cut Tax on Crypto Profits in Half, Down to 15%
12.5.2021
The government in Budapest has put forward measures aimed at streamlining taxation and reducing the tax burden on businesses and citizens. As part of the package, Hungary plans to cut the tax levied on capital gains from cryptocurrency transactions, expecting to increase budget revenue with...
Danske Bank Lowers Negative Rate Threshold, Denmark’s Business Minister Says ‘Enough is Enough’
3.5.2021
On April 26, 2021, the Danish multinational banking and financial services corporation Danske Bank published a press release explaining that the institution has changed the threshold for personal customers and standard interest rates for business customers in Denmark. The Bank plans to lower...
Crypto tax in South Korea is ‘inevitable’ in 2022, says minister
27.4.2021
South Korea’s finance minister said that cryptocurrencies like Bitcoin will be taxed as “intangible assets.”
South Korean Prime Minister nominee to look into controversial crypto tax law
26.4.2021
South Korea’s crypto tax law continues to face significant opposition from cryptocurrency proponents in the county
UAE minister of economy: Crypto & tokenization “key” to doubling GDP
7.4.2021
A government-run token exchange could be on the horizon for the United Arab Emirates
Singapore PM tells followers to 'remain vigilant' on crypto after seeing name used to sell tokens
4.4.2021
"I have nothing to do with the platform," said Lee Hsien Loong. "It is misleading and done without my permission."
South Korea to launch blockchain-based vaccine passports
1.4.2021
The Prime Minister of South Korea has announced a blockchain-based vaccine certificate will launch later this month, but the concept has proven controversial across the world
Ukrainian Finance Minister Says Crypto Is ‘Promising’
29.3.2021
The new Ukrainian finance minister has spoken about the state’s plans to regulate the domestic crypto market, and claimed that although he has doubts about what is “backing” crypto, he feels it is “promising.”
In an interview with 24 Novosty, the recently appointed minister, Serhiy Marchenko...