BITCOIN

The organization representing Russia’s crypto and blockchain sector has urged Vladimir Putin to spur regulatory efforts. The association fears the Russian Federation may lag behind other nations if it maintains its conservative approach towards new financial technologies. Russian Crypto Businesses Want Putin to Engage With Regulatory Process The Russian Association of Cryptoeconomics, Artificial Intelligence and Blockchain (Racib) has called on President of Russia Vladimir Putin to back the crypto community in shaping the country’s regulatory framework for cryptocurrencies and related technologies. In a letter to the Russian head of state, its members warn that the government’s attitude towards digital asset regulation poses “serious risks of the economy lagging behind in the introduction of new financial technologies,” crypto news outlets Bits.media and RBC Crypto reported. The organization insists that the current state policy does not allow Russian companies to take advantage

The government of North Macedonia believes that an ongoing wave of false bomb threats against public targets in the country is coming from Russia and Iran. The authorities in Skopje also say that payments related to the attacks have been made with cryptocurrency to conceal traces. Over 700 Facilities Targeted With Bomb Threats in North Macedonia, Attackers Used Crypto The Balkan nation of North Macedonia has been receiving bomb threats, allegedly from Russia and Iran, according to a statement by a top government official. On Monday, Interior Minister Oliver Spasovski said that authorities are working hard to keep the country’s security systems safe. “This is an intense hybrid attack that has targeted more than 720 facilities since Oct. 19,” Spasovski revealed. Quoted by Turkey’s Anadolu Agency, he pointed out that a few of these cases have been resolved already. “We now have an isolated group and the case is being worked on,” Spasovski added, detailing: In recent days, emails hav

Federal Reserve Chairman Jerome Powell has outlined several risks related to crypto activities during a hearing before the Senate Committee on Banking, Housing, and Urban Affairs. While stating that the Fed sees turmoil, fraud, a lack of transparency, and run risk in the crypto space, he stressed: “We don’t want regulation to stifle innovation.” Fed Chairman Outlines Risks in Crypto Activities Federal Reserve Chairman Jerome Powell answered some cryptocurrency questions before the Senate Committee on Banking, Housing, and Urban Affairs on Tuesday. During the hearing, Senator Sherrod Brown (D-OH), the committee’s chairman, asked Powell about the risks posed by crypto assets and how the Fed is evaluating the risks of crypto-related activities by its supervised institutions. “We’ve been quite active in this area,” Powell replied. “We believe innovation is very important over time to the economy. We don’t want to stifle innovation, we don’t want regulation to stifle innovation in a wa