Days after the two institutions agreed on the need for cross-border crypto payments, the finance ministry and the central bank of Russia are once again highlighting their different priorities. While t...
Tag: Ministry
Russian Finance Ministry on Track to Legalize Crypto for Cross-Border Payments
The current economic landscape in Russia is forcing both the Central Bank and the Ministry of Finance to rethink their approaches to cryptocurrencies. According to the State-backed TASS News Agency, ...
South Korean Finance Ministry Says Airdrops Are Subject to Gift Tax South Korean Finance Ministry Says Airdrops Are Subject to Gift Tax
The Ministry of Strategy and Finance of the South Korean government has said that virtual asset airdrops are subject to gift tax as per existing tax laws. Gift tax has to be paid when free virtual ass...
Taiwan could change its crypto trade perspective with the change of the Ministry of Digital Affairs
Taiwan’s government cabinet was recently changed, attracting new minds who seem to support the crypto market. According to reports, the Ministry of Digital Affairs, Tang Audrey, spoke briefly about th...
South Korea’s Ministry of Justice Puts A “Notification On Arrival” On Do Kwon, Bans More Terra Executives From Leaving
– Advertisement – South Korea officials have issued a notice upon arrival for Terra’s Do Kwon and are prohibiting Terra executives from leaving the country at the moment. Do Kwon has bee...
Japan Ministry of Economy launches Web3 policy office
In an important landmark for the buzzword, The Ministry of Economy, Trade and Industry (METI) of Japan opens its own Web3 Policy Office in the Minister’s Secretariat. The new entity commits to bringin...
The Central Bank of Russia (CBR) And The Ministry Of Finance Fought Over Stablecoin
Representatives of the Central Bank of Russia (CBR) and the country’s Ministry of Finance have fought once again over the latter’s proposal to support the stablecoins that some private investors have ...
Russian’s Central Bank and Ministry of Finance clash over stablecoins
A representative of the Central Bank of Russia (CBR) said private stablecoins are fraught with risks as the underlying pool of assets “does not belong to the owner.” In turn, this potentially means fa...
NIO stock gains as China’s Ministry offers tax breaks for new EV owners
Over the past weekend, China introduced new Covid-19 restrictions, which had a negative effect on electric vehicle (EV) makers’ stocks on Monday. NIO Inc.’s stock (NYSE: NIO) slid 3.2%, Xpeng Inc. sha...
Russia’s Finance Ministry Supports Circulation of Stablecoins in Country – Finance Bitcoin News
The Russian Ministry of Finance is ready to back the legalization of transactions with stablecoins in Russia, according to a high-ranking representative. While the ministry recognizes that cryptocurre...
Russian Ministry of Finance dismisses selling oil for Bitcoin
The use of cryptocurrency as a payment method for international transactions is being considered for small private business contracts in Russia, but this will apparently not affect oil supplies. Dire...
Russian Finance Ministry Rules Out Sale of Oil for Bitcoin – Economics Bitcoin News
The Russian government considers bitcoin as a payment option for small business transactions, not for oil exports, the country’s finance ministry has indicated. A top official emphasized the departmen...
Indian Finance Ministry Preparing Consultation Paper for Crypto Regulations ⋆ ZyCrypto
Advertisement     The Indian government is engaged in consultations with domestic and international agencies on crypto regulations. It expects to prepare a consultatio...
UK Finance Ministry Proposes Safety Net Measures against Stalling Stablecoins
Britain’s finance ministry has announced plans for adapting existing regulations to mitigate any collapse of major stablecoins, like the case of TerraUSD that happened two weeks ago. In a consultation...
What’s in the bill that the Russian Finance Ministry has been calling for crypto?
In the list of authorities across the countries criticizing the crypto usage, Russian authorities were among the leading ones but now seem to change their stance The new bill is anticipated to have p...
Russian Finance Ministry Calls On Crypto for International Settlements
The Russian Ministry of Finance submitted a new draft of a bill that calls for using crypto for international settlements payments. The bill, “On Digital Currencies,” was introduced in February, which...
Up To 15,000 Russians Have Died In Ukraine: U.K. Defense Ministry
Ukrainian defense ministry photo The Russian army in three months of fighting has lost as many soldiers killed in action as the Soviet army lost in nine years of warfare in Afghanistan starting in 197...
Putin’s ‘Under Pressure’ Commanders Will Push Unprepared Forces To Donbas, U.K. Defense Ministry Says
Topline Russia will likely hastily redeploy forces from Mariupol to Donbas without time for “adequate preparation” once it has secured the city, the U.K.’s defense ministry said on Friday, as Moscow’s...
Ukraine’s Digital Transformation Ministry approves charity NFT project
Mykhailo Fedorov, Vice Prime Minister of Ukraine and Minister of Digital Transformation of Ukraine, on Thursday tweeted out support for Avatars for Ukraine, a non-fungible token (NFT) project directly...
Interview: Ukraine’s Ministry of Digital Innovation – crypto amid the war
The cryptocurrency space is full of interesting projects. The below is one that I found particularly captivating – the Ukrainian Ministry of Digital Innovation. At the onset of the tragic war in Ukrai...
Russian Foreign Ministry Hits Back At Israel’s Criticism Of Lavrov, Accuses It Of Supporting ‘Neo-Nazis’ In Ukraine
Topline The Russian Foreign Ministry on Tuesday accused the Israeli government of supporting neo-Nazis in Ukraine marking a major escalation in a diplomatic row between the two countries after Israel ...
Indian IT Ministry directs crypto exchanges to store user data for 5 years
The Indian Computer Emergency Response Team (CERT-in), which falls under the Ministry of Electronics and Information Technology, issued a new directive on Thursday, forcing crypto exchanges, virtual p...
Russian Finance Ministry Clarifies Rumors Of Crypto Legalization
Russian Ministry of Finance now “advises” using cryptocurrencies as legal tender? That sounds like an old story. Crypto journalists have reported that the Russian Ministry of Finance pushes for tokens...
Industry Chiefs Urge South Korean President-Elect To Create A Ministry For Crypto
President-Elect Yoon Suk-yeol is being asked to form a ministry-level agency or ministry, for the crypto space. The demand has sprouted from a summit of South Korean industry chiefs, leading academics...
Russian Finance Ministry Lively Acting On Final Crypto Regulation Bill
Ongoing issue of circulation of virtual currencies and mining of such assets in Russia remains a talking point for quite some time now. The document on “virtual currency” initiates the notion of profe...
Russian Forces ‘Fully Withdrawn’ From Northern Ukraine, U.K. Defense Ministry Says
Topline Russian forces have now “fully withdrawn” from northern Ukraine and at least some will be transferred to fight in the eastern Ukraine, the U.K.’s defense ministry said on Friday, as Moscow shi...
Russia Will Not Try to Ban Home Crypto Mining, Finance Ministry Official Indicates – Mining Bitcoin News
A high-ranking representative of the Ministry of Finance in Moscow sees no point in banning crypto mining in Russian households as it would be hard to restrict the activity. The top official also reve...
Indonesian Trade Ministry Implements New Crypto Taxes Following Surge in Transaction Volume
An Indonesian tax official announced on Friday, April 1, 2022, that the government would begin charging value-added tax (VAT) on crypto transactions and 0.1 % income tax on capital gains from crypto i...
Sanctions Motivate Russia to Create Own Crypto Market Infrastructure, Finance Ministry Says – Regulation Bitcoin News
With sanctions cutting off Russia from global finances, Moscow’s motivation to establish a domestic market infrastructure for digital assets grows, a top official at the Russian finance ministry has n...
Inside Ukraine’s digital ministry and crypto efforts during wartime
As we speak from approximately 5,000 miles apart, Alexander Bornyakov will not specify where he is located. It’s still in Ukraine, but not in Kyiv, and either way, it’s definitely short on natural lig...