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Argentina Opens Foreign Crypto ETF Investment Opportunities


Argentina is opening its stock market to crypto exchange-traded fund (ETF) opportunities. The Argentine SEC equivalent greenlighted the introduction of prospects to allow investments in crypto—bitcoin and ethereum—foreign ETFs under the figure of Argentine deposit certificates....

Brazil Groups Stablecoins With Foreign Currency in New Regulatory Draft


The Central Bank of Brazil has opened a public consultation on a regulatory draft that correlates the treatment of dollar-pegged stablecoins with foreign currency. The proposed rules, which will now be discussed with relevant stakeholders in the national cryptocurrency ecosystem, would require...

Phantom Money: Counterfeit Dollar Bills Haunt Istanbul Bazaar


Fears of counterfeit $50 and $100 bills have disrupted foreign-exchange trade at Istanbul’s Grand Bazaar, with some bureaus halting the purchase of these bills due to issues with identifying fake notes. There are conflicting views on the extent of the problem, with some traders blaming banks...

Tornado Cash Sanctions Overturned by U.S. Appeals Court


A U.S. federal appeals court has delivered a major legal victory to the crypto sector by throwing out the U.S. Treasury Department's earlier effort to directly sanction crypto mixing service Tornado Cash.The court found that the government didn't have the proper tools to include the actual...

Russia’s Foreign Trade Defies Western Sanctions, Official Claims


Russia’s foreign trade is defying Western sanctions, with rising imports, resilient transaction systems, and projected economic growth outpacing stagnating Western economies. Western Sanctions Meet Resistance as Russia’s Trade Surges Russian Finance Minister Anton Siluanov has claimed that...

Zimbabwe Plans to ‘Float’ Rapidly Depreciating Gold-Backed Currency


Zimbabwe has said it plans to let its rapidly depreciating gold-backed currency, Zig, float freely on the foreign exchange market. A central bank official said this would help the currency achieve price discovery without administrative interference. However, the official did not give a timeline...

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