Finance

The Ministry of Finance of the Russian Federation is considering the possibility of dividing cryptocurrencies into three types for their further regulation. This was announced by Deputy Minister of Finance Alexei Moiseev, writes RNS. A new approach to regulation was developed during a panel discussion of the Russian Union of Industrialists and Entrepreneurs. “It is possible to divide cryptocurrencies into three types: technical tokens that occur to maintain the functioning of the system, virtual assets, then […]

The Venezuelan government uses cryptocurrencies “for free national and international payments,” Bloomberg reports citing President Nicolas Maduro. According to Maduro, the new tools of the Ministry of Finance and the central bank will soon allow everyone to carry out banking operations, including international payments. “Venezuela is already working in the cryptocurrency world,” Maduro summed up. Last week, it became known that the country's central bank is exploring the possibility of inclusion […]