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Showing posts from June 25, 2022

British MP Calls for ‘Liberal’ Crypto Regulation — Says ‘No Country Can Stop This Revolution’

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British Parliament Member Matt Hancock has called for “liberal” cryptocurrency regulation, noting that no country can stop the crypto revolution. “I hate the patronizing idea of regulators telling people what they can and can’t do with their money,” the lawmaker stressed. British MP Wants ‘Liberal’ Crypto Regulation Matt Hancock, a Conservative member of parliament and former British health secretary, reiterated the importance of having a “liberal” regulatory framework for cryptocurrency this week. The lawmaker explained in an interview with UKTN, published Friday, that the crypto market sell-off has not shaken his confidence in the sector. He told the news outlet: No country can stop this revolution. We can only choose whether it happens on our shores or happens to us from elsewhere. In his keynote speech Wednesday at Crypto A.M.’s fourth-anniversary conference, Hancock called for an “attractive” tax system and “liberal” regulatory regime to help the U.K. become “the jurisdict

Bank of Russia Accelerates Schedule for Digital Ruble Project

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The Central Bank of Russia continues to step up efforts to test and issue the digital ruble, with a roadmap for the full implementation of the new form of the national fiat now expected by the end of 2023. Trials with real transactions and users are scheduled to begin next April, earlier than originally planned. Bank of Russia to Present Digital Ruble Roadmap Next Year The Central Bank of the Russian Federation (CBR) will develop a roadmap for the introduction of the digital ruble by the end of 2023, First Deputy Chairman Olga Skorobogatova said in an interview with the Tass news agency, revealing an earlier deadline than previously set. The high-ranking official also noted that the regulator intends to start testing operations with the Russian central bank digital currency ( CBDC ) with real clients as early as April 2023, indicating these plans have been adjusted, too. Skorobogatova emphasized that next year will be very important for the project and elaborated: Testing of real