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\n

\"Regulation will only provide the transparency that will ensure the protection of citizens.\"<\/strong><\/em><\/p>Ivan Chebeskov, Head Of The Financial Policy Department<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"Will Russia Ban Bitcoin? Likely Not; Here's Why...","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russia-ban-bitcoin-likely-not-heres-why","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:24","post_modified_gmt":"2023-04-11 02:56:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

Since Russia enjoys the benefit of having the option to give cheap power, it will remain the third-biggest country for crypto mining.<\/p>\n\n\n\n

\"Regulation will only provide the transparency that will ensure the protection of citizens.\"<\/strong><\/em><\/p>Ivan Chebeskov, Head Of The Financial Policy Department<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"Will Russia Ban Bitcoin? Likely Not; Here's Why...","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russia-ban-bitcoin-likely-not-heres-why","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:24","post_modified_gmt":"2023-04-11 02:56:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Putin has recognized that, although cryptocurrencies convey a specific measure of hazard coming from its volatility, digital currency mining guarantees a ton of upper hand to the country.<\/p>\n\n\n\n

Since Russia enjoys the benefit of having the option to give cheap power, it will remain the third-biggest country for crypto mining.<\/p>\n\n\n\n

\"Regulation will only provide the transparency that will ensure the protection of citizens.\"<\/strong><\/em><\/p>Ivan Chebeskov, Head Of The Financial Policy Department<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"Will Russia Ban Bitcoin? Likely Not; Here's Why...","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russia-ban-bitcoin-likely-not-heres-why","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:24","post_modified_gmt":"2023-04-11 02:56:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The National Bank, through this guide, advocates having an administrative and prohibitive system for cryptocurrencies. This change of position comes after Putin demanded showing up at an agreement in regards to this.<\/p>\n\n\n\n

Putin has recognized that, although cryptocurrencies convey a specific measure of hazard coming from its volatility, digital currency mining guarantees a ton of upper hand to the country.<\/p>\n\n\n\n

Since Russia enjoys the benefit of having the option to give cheap power, it will remain the third-biggest country for crypto mining.<\/p>\n\n\n\n

\"Regulation will only provide the transparency that will ensure the protection of citizens.\"<\/strong><\/em><\/p>Ivan Chebeskov, Head Of The Financial Policy Department<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"Will Russia Ban Bitcoin? Likely Not; Here's Why...","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russia-ban-bitcoin-likely-not-heres-why","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:24","post_modified_gmt":"2023-04-11 02:56:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

What Do Russia's Regulations Entail?<\/h2>\n\n\n\n

The National Bank, through this guide, advocates having an administrative and prohibitive system for cryptocurrencies. This change of position comes after Putin demanded showing up at an agreement in regards to this.<\/p>\n\n\n\n

Putin has recognized that, although cryptocurrencies convey a specific measure of hazard coming from its volatility, digital currency mining guarantees a ton of upper hand to the country.<\/p>\n\n\n\n

Since Russia enjoys the benefit of having the option to give cheap power, it will remain the third-biggest country for crypto mining.<\/p>\n\n\n\n

\"Regulation will only provide the transparency that will ensure the protection of citizens.\"<\/strong><\/em><\/p>Ivan Chebeskov, Head Of The Financial Policy Department<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"Will Russia Ban Bitcoin? Likely Not; Here's Why...","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russia-ban-bitcoin-likely-not-heres-why","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:24","post_modified_gmt":"2023-04-11 02:56:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The roadmap goes against the recently proposed blanket ban on cryptocurrencies - as per the Russian Central Bank. Suggesting that crypto-related activities such as payments, exchange, and mining be banned, as it risks financial stability for the citizens of the nation.<\/p>\n\n\n\n

What Do Russia's Regulations Entail?<\/h2>\n\n\n\n

The National Bank, through this guide, advocates having an administrative and prohibitive system for cryptocurrencies. This change of position comes after Putin demanded showing up at an agreement in regards to this.<\/p>\n\n\n\n

Putin has recognized that, although cryptocurrencies convey a specific measure of hazard coming from its volatility, digital currency mining guarantees a ton of upper hand to the country.<\/p>\n\n\n\n

Since Russia enjoys the benefit of having the option to give cheap power, it will remain the third-biggest country for crypto mining.<\/p>\n\n\n\n

\"Regulation will only provide the transparency that will ensure the protection of citizens.\"<\/strong><\/em><\/p>Ivan Chebeskov, Head Of The Financial Policy Department<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"Will Russia Ban Bitcoin? Likely Not; Here's Why...","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russia-ban-bitcoin-likely-not-heres-why","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:24","post_modified_gmt":"2023-04-11 02:56:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

It will seek to provide a regulatory framework within the cryptocurrency markets having with an emphasis on violations and dangers within the industry.<\/p>\n\n\n\n

The roadmap goes against the recently proposed blanket ban on cryptocurrencies - as per the Russian Central Bank. Suggesting that crypto-related activities such as payments, exchange, and mining be banned, as it risks financial stability for the citizens of the nation.<\/p>\n\n\n\n

What Do Russia's Regulations Entail?<\/h2>\n\n\n\n

The National Bank, through this guide, advocates having an administrative and prohibitive system for cryptocurrencies. This change of position comes after Putin demanded showing up at an agreement in regards to this.<\/p>\n\n\n\n

Putin has recognized that, although cryptocurrencies convey a specific measure of hazard coming from its volatility, digital currency mining guarantees a ton of upper hand to the country.<\/p>\n\n\n\n

Since Russia enjoys the benefit of having the option to give cheap power, it will remain the third-biggest country for crypto mining.<\/p>\n\n\n\n

\"Regulation will only provide the transparency that will ensure the protection of citizens.\"<\/strong><\/em><\/p>Ivan Chebeskov, Head Of The Financial Policy Department<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"Will Russia Ban Bitcoin? Likely Not; Here's Why...","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russia-ban-bitcoin-likely-not-heres-why","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:24","post_modified_gmt":"2023-04-11 02:56:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The roadmap presented by the Russian Government and approved by Deputy Chairman Dmitry Chernyshenko will work to ease the adoption of cryptocurrencies while halting financial instability. <\/p>\n\n\n\n

It will seek to provide a regulatory framework within the cryptocurrency markets having with an emphasis on violations and dangers within the industry.<\/p>\n\n\n\n

The roadmap goes against the recently proposed blanket ban on cryptocurrencies - as per the Russian Central Bank. Suggesting that crypto-related activities such as payments, exchange, and mining be banned, as it risks financial stability for the citizens of the nation.<\/p>\n\n\n\n

What Do Russia's Regulations Entail?<\/h2>\n\n\n\n

The National Bank, through this guide, advocates having an administrative and prohibitive system for cryptocurrencies. This change of position comes after Putin demanded showing up at an agreement in regards to this.<\/p>\n\n\n\n

Putin has recognized that, although cryptocurrencies convey a specific measure of hazard coming from its volatility, digital currency mining guarantees a ton of upper hand to the country.<\/p>\n\n\n\n

Since Russia enjoys the benefit of having the option to give cheap power, it will remain the third-biggest country for crypto mining.<\/p>\n\n\n\n

\"Regulation will only provide the transparency that will ensure the protection of citizens.\"<\/strong><\/em><\/p>Ivan Chebeskov, Head Of The Financial Policy Department<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"Will Russia Ban Bitcoin? Likely Not; Here's Why...","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russia-ban-bitcoin-likely-not-heres-why","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:24","post_modified_gmt":"2023-04-11 02:56:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The Russian Government has started the development of a guide that will present limitations on cryptocurrencies.<\/p>\n\n\n\n

The roadmap presented by the Russian Government and approved by Deputy Chairman Dmitry Chernyshenko will work to ease the adoption of cryptocurrencies while halting financial instability. <\/p>\n\n\n\n

It will seek to provide a regulatory framework within the cryptocurrency markets having with an emphasis on violations and dangers within the industry.<\/p>\n\n\n\n

The roadmap goes against the recently proposed blanket ban on cryptocurrencies - as per the Russian Central Bank. Suggesting that crypto-related activities such as payments, exchange, and mining be banned, as it risks financial stability for the citizens of the nation.<\/p>\n\n\n\n

What Do Russia's Regulations Entail?<\/h2>\n\n\n\n

The National Bank, through this guide, advocates having an administrative and prohibitive system for cryptocurrencies. This change of position comes after Putin demanded showing up at an agreement in regards to this.<\/p>\n\n\n\n

Putin has recognized that, although cryptocurrencies convey a specific measure of hazard coming from its volatility, digital currency mining guarantees a ton of upper hand to the country.<\/p>\n\n\n\n

Since Russia enjoys the benefit of having the option to give cheap power, it will remain the third-biggest country for crypto mining.<\/p>\n\n\n\n

\"Regulation will only provide the transparency that will ensure the protection of citizens.\"<\/strong><\/em><\/p>Ivan Chebeskov, Head Of The Financial Policy Department<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"Will Russia Ban Bitcoin? Likely Not; Here's Why...","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russia-ban-bitcoin-likely-not-heres-why","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:24","post_modified_gmt":"2023-04-11 02:56:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The statistics offer a snapshot of how widespread cryptocurrency investing has become in Russia being the\u00a0third-biggest<\/a>\u00a0Bitcoin miner in the world, as officials at the central bank push for a blanket ban on the local industry, while the government pursues a softer approach.((https:\/\/www.bloomberg.com\/news\/articles\/2022-02-01\/russia-values-local-crypto-market-at-200-billion-as-rules-near))\u00a0<\/p>\n","post_title":"Russians Own 12% Of The Worlds Cryptocurrencies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"russians-own-12-of-the-worlds-cryptocurrencies","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2023-04-30 21:39:59","post_modified_gmt":"2023-04-30 11:39:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3341,"post_author":"1","post_date":"2022-01-31 22:09:02","post_date_gmt":"2022-01-31 11:09:02","post_content":"\n

The Russian Government has started the development of a guide that will present limitations on cryptocurrencies.<\/p>\n\n\n\n

The roadmap presented by the Russian Government and approved by Deputy Chairman Dmitry Chernyshenko will work to ease the adoption of cryptocurrencies while halting financial instability. <\/p>\n\n\n\n

It will seek to provide a regulatory framework within the cryptocurrency markets having with an emphasis on violations and dangers within the industry.<\/p>\n\n\n\n

The roadmap goes against the recently proposed blanket ban on cryptocurrencies - as per the Russian Central Bank. Suggesting that crypto-related activities such as payments, exchange, and mining be banned, as it risks financial stability for the citizens of the nation.<\/p>\n\n\n\n

What Do Russia's Regulations Entail?<\/h2>\n\n\n\n

The National Bank, through this guide, advocates having an administrative and prohibitive system for cryptocurrencies. This change of position comes after Putin demanded showing up at an agreement in regards to this.<\/p>\n\n\n\n

Putin has recognized that, although cryptocurrencies convey a specific measure of hazard coming from its volatility, digital currency mining guarantees a ton of upper hand to the country.<\/p>\n\n\n\n

Since Russia enjoys the benefit of having the option to give cheap power, it will remain the third-biggest country for crypto mining.<\/p>\n\n\n\n

\"Regulation will only provide the transparency that will ensure the protection of citizens.\"<\/strong><\/em><\/p>Ivan Chebeskov, Head Of The Financial Policy Department<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"Will Russia Ban Bitcoin? Likely Not; Here's Why...","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russia-ban-bitcoin-likely-not-heres-why","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:24","post_modified_gmt":"2023-04-11 02:56:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

\u201cRussians really do have a lot of money in cryptocurrency, but it\u2019s hard to value the true amount...many people are using cash, derivative instruments, or have two passports and can open a crypto wallet in someone else\u2019s name.\u201d<\/em><\/strong><\/p>Alexander Filatov, Co-Founder and CEO of TON Labs<\/a><\/cite><\/blockquote>\n\n\n\n

The statistics offer a snapshot of how widespread cryptocurrency investing has become in Russia being the\u00a0third-biggest<\/a>\u00a0Bitcoin miner in the world, as officials at the central bank push for a blanket ban on the local industry, while the government pursues a softer approach.((https:\/\/www.bloomberg.com\/news\/articles\/2022-02-01\/russia-values-local-crypto-market-at-200-billion-as-rules-near))\u00a0<\/p>\n","post_title":"Russians Own 12% Of The Worlds Cryptocurrencies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"russians-own-12-of-the-worlds-cryptocurrencies","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2023-04-30 21:39:59","post_modified_gmt":"2023-04-30 11:39:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3341,"post_author":"1","post_date":"2022-01-31 22:09:02","post_date_gmt":"2022-01-31 11:09:02","post_content":"\n

The Russian Government has started the development of a guide that will present limitations on cryptocurrencies.<\/p>\n\n\n\n

The roadmap presented by the Russian Government and approved by Deputy Chairman Dmitry Chernyshenko will work to ease the adoption of cryptocurrencies while halting financial instability. <\/p>\n\n\n\n

It will seek to provide a regulatory framework within the cryptocurrency markets having with an emphasis on violations and dangers within the industry.<\/p>\n\n\n\n

The roadmap goes against the recently proposed blanket ban on cryptocurrencies - as per the Russian Central Bank. Suggesting that crypto-related activities such as payments, exchange, and mining be banned, as it risks financial stability for the citizens of the nation.<\/p>\n\n\n\n

What Do Russia's Regulations Entail?<\/h2>\n\n\n\n

The National Bank, through this guide, advocates having an administrative and prohibitive system for cryptocurrencies. This change of position comes after Putin demanded showing up at an agreement in regards to this.<\/p>\n\n\n\n

Putin has recognized that, although cryptocurrencies convey a specific measure of hazard coming from its volatility, digital currency mining guarantees a ton of upper hand to the country.<\/p>\n\n\n\n

Since Russia enjoys the benefit of having the option to give cheap power, it will remain the third-biggest country for crypto mining.<\/p>\n\n\n\n

\"Regulation will only provide the transparency that will ensure the protection of citizens.\"<\/strong><\/em><\/p>Ivan Chebeskov, Head Of The Financial Policy Department<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"Will Russia Ban Bitcoin? Likely Not; Here's Why...","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russia-ban-bitcoin-likely-not-heres-why","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:24","post_modified_gmt":"2023-04-11 02:56:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The data comes after the Russian government had decided to regulate<\/a> rather than ban cryptocurrencies. The analysis will help articulate an overview of the market to assist in their regulations and should be taken with a grain of salt because of the anonymous nature of cryptocurrencies in general.<\/p>\n\n\n\n

\u201cRussians really do have a lot of money in cryptocurrency, but it\u2019s hard to value the true amount...many people are using cash, derivative instruments, or have two passports and can open a crypto wallet in someone else\u2019s name.\u201d<\/em><\/strong><\/p>Alexander Filatov, Co-Founder and CEO of TON Labs<\/a><\/cite><\/blockquote>\n\n\n\n

The statistics offer a snapshot of how widespread cryptocurrency investing has become in Russia being the\u00a0third-biggest<\/a>\u00a0Bitcoin miner in the world, as officials at the central bank push for a blanket ban on the local industry, while the government pursues a softer approach.((https:\/\/www.bloomberg.com\/news\/articles\/2022-02-01\/russia-values-local-crypto-market-at-200-billion-as-rules-near))\u00a0<\/p>\n","post_title":"Russians Own 12% Of The Worlds Cryptocurrencies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"russians-own-12-of-the-worlds-cryptocurrencies","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2023-04-30 21:39:59","post_modified_gmt":"2023-04-30 11:39:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3341,"post_author":"1","post_date":"2022-01-31 22:09:02","post_date_gmt":"2022-01-31 11:09:02","post_content":"\n

The Russian Government has started the development of a guide that will present limitations on cryptocurrencies.<\/p>\n\n\n\n

The roadmap presented by the Russian Government and approved by Deputy Chairman Dmitry Chernyshenko will work to ease the adoption of cryptocurrencies while halting financial instability. <\/p>\n\n\n\n

It will seek to provide a regulatory framework within the cryptocurrency markets having with an emphasis on violations and dangers within the industry.<\/p>\n\n\n\n

The roadmap goes against the recently proposed blanket ban on cryptocurrencies - as per the Russian Central Bank. Suggesting that crypto-related activities such as payments, exchange, and mining be banned, as it risks financial stability for the citizens of the nation.<\/p>\n\n\n\n

What Do Russia's Regulations Entail?<\/h2>\n\n\n\n

The National Bank, through this guide, advocates having an administrative and prohibitive system for cryptocurrencies. This change of position comes after Putin demanded showing up at an agreement in regards to this.<\/p>\n\n\n\n

Putin has recognized that, although cryptocurrencies convey a specific measure of hazard coming from its volatility, digital currency mining guarantees a ton of upper hand to the country.<\/p>\n\n\n\n

Since Russia enjoys the benefit of having the option to give cheap power, it will remain the third-biggest country for crypto mining.<\/p>\n\n\n\n

\"Regulation will only provide the transparency that will ensure the protection of citizens.\"<\/strong><\/em><\/p>Ivan Chebeskov, Head Of The Financial Policy Department<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"Will Russia Ban Bitcoin? Likely Not; Here's Why...","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russia-ban-bitcoin-likely-not-heres-why","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:24","post_modified_gmt":"2023-04-11 02:56:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The data coming from the Kremlin and government officials out of Moscow was articulated from analyzing the IP addresses of the most prominent exchange users out of the country along with various other data points, as stated by two officials from Kremlin.<\/p>\n\n\n\n

The data comes after the Russian government had decided to regulate<\/a> rather than ban cryptocurrencies. The analysis will help articulate an overview of the market to assist in their regulations and should be taken with a grain of salt because of the anonymous nature of cryptocurrencies in general.<\/p>\n\n\n\n

\u201cRussians really do have a lot of money in cryptocurrency, but it\u2019s hard to value the true amount...many people are using cash, derivative instruments, or have two passports and can open a crypto wallet in someone else\u2019s name.\u201d<\/em><\/strong><\/p>Alexander Filatov, Co-Founder and CEO of TON Labs<\/a><\/cite><\/blockquote>\n\n\n\n

The statistics offer a snapshot of how widespread cryptocurrency investing has become in Russia being the\u00a0third-biggest<\/a>\u00a0Bitcoin miner in the world, as officials at the central bank push for a blanket ban on the local industry, while the government pursues a softer approach.((https:\/\/www.bloomberg.com\/news\/articles\/2022-02-01\/russia-values-local-crypto-market-at-200-billion-as-rules-near))\u00a0<\/p>\n","post_title":"Russians Own 12% Of The Worlds Cryptocurrencies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"russians-own-12-of-the-worlds-cryptocurrencies","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2023-04-30 21:39:59","post_modified_gmt":"2023-04-30 11:39:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3341,"post_author":"1","post_date":"2022-01-31 22:09:02","post_date_gmt":"2022-01-31 11:09:02","post_content":"\n

The Russian Government has started the development of a guide that will present limitations on cryptocurrencies.<\/p>\n\n\n\n

The roadmap presented by the Russian Government and approved by Deputy Chairman Dmitry Chernyshenko will work to ease the adoption of cryptocurrencies while halting financial instability. <\/p>\n\n\n\n

It will seek to provide a regulatory framework within the cryptocurrency markets having with an emphasis on violations and dangers within the industry.<\/p>\n\n\n\n

The roadmap goes against the recently proposed blanket ban on cryptocurrencies - as per the Russian Central Bank. Suggesting that crypto-related activities such as payments, exchange, and mining be banned, as it risks financial stability for the citizens of the nation.<\/p>\n\n\n\n

What Do Russia's Regulations Entail?<\/h2>\n\n\n\n

The National Bank, through this guide, advocates having an administrative and prohibitive system for cryptocurrencies. This change of position comes after Putin demanded showing up at an agreement in regards to this.<\/p>\n\n\n\n

Putin has recognized that, although cryptocurrencies convey a specific measure of hazard coming from its volatility, digital currency mining guarantees a ton of upper hand to the country.<\/p>\n\n\n\n

Since Russia enjoys the benefit of having the option to give cheap power, it will remain the third-biggest country for crypto mining.<\/p>\n\n\n\n

\"Regulation will only provide the transparency that will ensure the protection of citizens.\"<\/strong><\/em><\/p>Ivan Chebeskov, Head Of The Financial Policy Department<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"Will Russia Ban Bitcoin? Likely Not; Here's Why...","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russia-ban-bitcoin-likely-not-heres-why","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:24","post_modified_gmt":"2023-04-11 02:56:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Russians own over $214 Billion worth, or 12% of the total value<\/a> of cryptocurrencies worldwide, according to a Bloomberg report<\/a>. <\/p>\n\n\n\n

The data coming from the Kremlin and government officials out of Moscow was articulated from analyzing the IP addresses of the most prominent exchange users out of the country along with various other data points, as stated by two officials from Kremlin.<\/p>\n\n\n\n

The data comes after the Russian government had decided to regulate<\/a> rather than ban cryptocurrencies. The analysis will help articulate an overview of the market to assist in their regulations and should be taken with a grain of salt because of the anonymous nature of cryptocurrencies in general.<\/p>\n\n\n\n

\u201cRussians really do have a lot of money in cryptocurrency, but it\u2019s hard to value the true amount...many people are using cash, derivative instruments, or have two passports and can open a crypto wallet in someone else\u2019s name.\u201d<\/em><\/strong><\/p>Alexander Filatov, Co-Founder and CEO of TON Labs<\/a><\/cite><\/blockquote>\n\n\n\n

The statistics offer a snapshot of how widespread cryptocurrency investing has become in Russia being the\u00a0third-biggest<\/a>\u00a0Bitcoin miner in the world, as officials at the central bank push for a blanket ban on the local industry, while the government pursues a softer approach.((https:\/\/www.bloomberg.com\/news\/articles\/2022-02-01\/russia-values-local-crypto-market-at-200-billion-as-rules-near))\u00a0<\/p>\n","post_title":"Russians Own 12% Of The Worlds Cryptocurrencies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"russians-own-12-of-the-worlds-cryptocurrencies","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2023-04-30 21:39:59","post_modified_gmt":"2023-04-30 11:39:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3341,"post_author":"1","post_date":"2022-01-31 22:09:02","post_date_gmt":"2022-01-31 11:09:02","post_content":"\n

The Russian Government has started the development of a guide that will present limitations on cryptocurrencies.<\/p>\n\n\n\n

The roadmap presented by the Russian Government and approved by Deputy Chairman Dmitry Chernyshenko will work to ease the adoption of cryptocurrencies while halting financial instability. <\/p>\n\n\n\n

It will seek to provide a regulatory framework within the cryptocurrency markets having with an emphasis on violations and dangers within the industry.<\/p>\n\n\n\n

The roadmap goes against the recently proposed blanket ban on cryptocurrencies - as per the Russian Central Bank. Suggesting that crypto-related activities such as payments, exchange, and mining be banned, as it risks financial stability for the citizens of the nation.<\/p>\n\n\n\n

What Do Russia's Regulations Entail?<\/h2>\n\n\n\n

The National Bank, through this guide, advocates having an administrative and prohibitive system for cryptocurrencies. This change of position comes after Putin demanded showing up at an agreement in regards to this.<\/p>\n\n\n\n

Putin has recognized that, although cryptocurrencies convey a specific measure of hazard coming from its volatility, digital currency mining guarantees a ton of upper hand to the country.<\/p>\n\n\n\n

Since Russia enjoys the benefit of having the option to give cheap power, it will remain the third-biggest country for crypto mining.<\/p>\n\n\n\n

\"Regulation will only provide the transparency that will ensure the protection of citizens.\"<\/strong><\/em><\/p>Ivan Chebeskov, Head Of The Financial Policy Department<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"Will Russia Ban Bitcoin? Likely Not; Here's Why...","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russia-ban-bitcoin-likely-not-heres-why","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:24","post_modified_gmt":"2023-04-11 02:56:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

As Matolscy stated above, the growth and market value of cryptocurrencies is defined by speculative demand for future growth, is the support for the ban just a way to see if other countries can manage and regulate cryptocurrencies before he makes a decision on what to do, or is it another technology that isn't fully understood?<\/p>\n","post_title":"Hungarian Central Bank In Support Of Russian Crypto Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"hungarian-central-bank-in-support-of-russian-crypto-ban","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2022-02-12 17:07:44","post_modified_gmt":"2022-02-12 06:07:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3453","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3439,"post_author":"1","post_date":"2022-02-10 21:26:57","post_date_gmt":"2022-02-10 10:26:57","post_content":"\n

Russians own over $214 Billion worth, or 12% of the total value<\/a> of cryptocurrencies worldwide, according to a Bloomberg report<\/a>. <\/p>\n\n\n\n

The data coming from the Kremlin and government officials out of Moscow was articulated from analyzing the IP addresses of the most prominent exchange users out of the country along with various other data points, as stated by two officials from Kremlin.<\/p>\n\n\n\n

The data comes after the Russian government had decided to regulate<\/a> rather than ban cryptocurrencies. The analysis will help articulate an overview of the market to assist in their regulations and should be taken with a grain of salt because of the anonymous nature of cryptocurrencies in general.<\/p>\n\n\n\n

\u201cRussians really do have a lot of money in cryptocurrency, but it\u2019s hard to value the true amount...many people are using cash, derivative instruments, or have two passports and can open a crypto wallet in someone else\u2019s name.\u201d<\/em><\/strong><\/p>Alexander Filatov, Co-Founder and CEO of TON Labs<\/a><\/cite><\/blockquote>\n\n\n\n

The statistics offer a snapshot of how widespread cryptocurrency investing has become in Russia being the\u00a0third-biggest<\/a>\u00a0Bitcoin miner in the world, as officials at the central bank push for a blanket ban on the local industry, while the government pursues a softer approach.((https:\/\/www.bloomberg.com\/news\/articles\/2022-02-01\/russia-values-local-crypto-market-at-200-billion-as-rules-near))\u00a0<\/p>\n","post_title":"Russians Own 12% Of The Worlds Cryptocurrencies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"russians-own-12-of-the-worlds-cryptocurrencies","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2023-04-30 21:39:59","post_modified_gmt":"2023-04-30 11:39:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3341,"post_author":"1","post_date":"2022-01-31 22:09:02","post_date_gmt":"2022-01-31 11:09:02","post_content":"\n

The Russian Government has started the development of a guide that will present limitations on cryptocurrencies.<\/p>\n\n\n\n

The roadmap presented by the Russian Government and approved by Deputy Chairman Dmitry Chernyshenko will work to ease the adoption of cryptocurrencies while halting financial instability. <\/p>\n\n\n\n

It will seek to provide a regulatory framework within the cryptocurrency markets having with an emphasis on violations and dangers within the industry.<\/p>\n\n\n\n

The roadmap goes against the recently proposed blanket ban on cryptocurrencies - as per the Russian Central Bank. Suggesting that crypto-related activities such as payments, exchange, and mining be banned, as it risks financial stability for the citizens of the nation.<\/p>\n\n\n\n

What Do Russia's Regulations Entail?<\/h2>\n\n\n\n

The National Bank, through this guide, advocates having an administrative and prohibitive system for cryptocurrencies. This change of position comes after Putin demanded showing up at an agreement in regards to this.<\/p>\n\n\n\n

Putin has recognized that, although cryptocurrencies convey a specific measure of hazard coming from its volatility, digital currency mining guarantees a ton of upper hand to the country.<\/p>\n\n\n\n

Since Russia enjoys the benefit of having the option to give cheap power, it will remain the third-biggest country for crypto mining.<\/p>\n\n\n\n

\"Regulation will only provide the transparency that will ensure the protection of citizens.\"<\/strong><\/em><\/p>Ivan Chebeskov, Head Of The Financial Policy Department<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"Will Russia Ban Bitcoin? Likely Not; Here's Why...","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russia-ban-bitcoin-likely-not-heres-why","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:24","post_modified_gmt":"2023-04-11 02:56:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

It seems that he is in support of banning it from the EU, but not worldwide. \"EU citizens and companies would be allowed to own cryptocurrencies abroad and regulators will track their holdings.\" <\/p>\n\n\n\n

As Matolscy stated above, the growth and market value of cryptocurrencies is defined by speculative demand for future growth, is the support for the ban just a way to see if other countries can manage and regulate cryptocurrencies before he makes a decision on what to do, or is it another technology that isn't fully understood?<\/p>\n","post_title":"Hungarian Central Bank In Support Of Russian Crypto Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"hungarian-central-bank-in-support-of-russian-crypto-ban","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2022-02-12 17:07:44","post_modified_gmt":"2022-02-12 06:07:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3453","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3439,"post_author":"1","post_date":"2022-02-10 21:26:57","post_date_gmt":"2022-02-10 10:26:57","post_content":"\n

Russians own over $214 Billion worth, or 12% of the total value<\/a> of cryptocurrencies worldwide, according to a Bloomberg report<\/a>. <\/p>\n\n\n\n

The data coming from the Kremlin and government officials out of Moscow was articulated from analyzing the IP addresses of the most prominent exchange users out of the country along with various other data points, as stated by two officials from Kremlin.<\/p>\n\n\n\n

The data comes after the Russian government had decided to regulate<\/a> rather than ban cryptocurrencies. The analysis will help articulate an overview of the market to assist in their regulations and should be taken with a grain of salt because of the anonymous nature of cryptocurrencies in general.<\/p>\n\n\n\n

\u201cRussians really do have a lot of money in cryptocurrency, but it\u2019s hard to value the true amount...many people are using cash, derivative instruments, or have two passports and can open a crypto wallet in someone else\u2019s name.\u201d<\/em><\/strong><\/p>Alexander Filatov, Co-Founder and CEO of TON Labs<\/a><\/cite><\/blockquote>\n\n\n\n

The statistics offer a snapshot of how widespread cryptocurrency investing has become in Russia being the\u00a0third-biggest<\/a>\u00a0Bitcoin miner in the world, as officials at the central bank push for a blanket ban on the local industry, while the government pursues a softer approach.((https:\/\/www.bloomberg.com\/news\/articles\/2022-02-01\/russia-values-local-crypto-market-at-200-billion-as-rules-near))\u00a0<\/p>\n","post_title":"Russians Own 12% Of The Worlds Cryptocurrencies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"russians-own-12-of-the-worlds-cryptocurrencies","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2023-04-30 21:39:59","post_modified_gmt":"2023-04-30 11:39:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3341,"post_author":"1","post_date":"2022-01-31 22:09:02","post_date_gmt":"2022-01-31 11:09:02","post_content":"\n

The Russian Government has started the development of a guide that will present limitations on cryptocurrencies.<\/p>\n\n\n\n

The roadmap presented by the Russian Government and approved by Deputy Chairman Dmitry Chernyshenko will work to ease the adoption of cryptocurrencies while halting financial instability. <\/p>\n\n\n\n

It will seek to provide a regulatory framework within the cryptocurrency markets having with an emphasis on violations and dangers within the industry.<\/p>\n\n\n\n

The roadmap goes against the recently proposed blanket ban on cryptocurrencies - as per the Russian Central Bank. Suggesting that crypto-related activities such as payments, exchange, and mining be banned, as it risks financial stability for the citizens of the nation.<\/p>\n\n\n\n

What Do Russia's Regulations Entail?<\/h2>\n\n\n\n

The National Bank, through this guide, advocates having an administrative and prohibitive system for cryptocurrencies. This change of position comes after Putin demanded showing up at an agreement in regards to this.<\/p>\n\n\n\n

Putin has recognized that, although cryptocurrencies convey a specific measure of hazard coming from its volatility, digital currency mining guarantees a ton of upper hand to the country.<\/p>\n\n\n\n

Since Russia enjoys the benefit of having the option to give cheap power, it will remain the third-biggest country for crypto mining.<\/p>\n\n\n\n

\"Regulation will only provide the transparency that will ensure the protection of citizens.\"<\/strong><\/em><\/p>Ivan Chebeskov, Head Of The Financial Policy Department<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"Will Russia Ban Bitcoin? Likely Not; Here's Why...","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russia-ban-bitcoin-likely-not-heres-why","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:24","post_modified_gmt":"2023-04-11 02:56:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

He also added that the \"growth and market value of cryptocurrencies is defined primarily by speculative demand for future growth, which creates bubbles.\u201d Calling for unity within the EU, Matolcsy wants the EU to \"act together\" in order to preempt the building up of \"new financial pyramids and financial bubbles.\"<\/p>\n\n\n\n

It seems that he is in support of banning it from the EU, but not worldwide. \"EU citizens and companies would be allowed to own cryptocurrencies abroad and regulators will track their holdings.\" <\/p>\n\n\n\n

As Matolscy stated above, the growth and market value of cryptocurrencies is defined by speculative demand for future growth, is the support for the ban just a way to see if other countries can manage and regulate cryptocurrencies before he makes a decision on what to do, or is it another technology that isn't fully understood?<\/p>\n","post_title":"Hungarian Central Bank In Support Of Russian Crypto Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"hungarian-central-bank-in-support-of-russian-crypto-ban","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2022-02-12 17:07:44","post_modified_gmt":"2022-02-12 06:07:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3453","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3439,"post_author":"1","post_date":"2022-02-10 21:26:57","post_date_gmt":"2022-02-10 10:26:57","post_content":"\n

Russians own over $214 Billion worth, or 12% of the total value<\/a> of cryptocurrencies worldwide, according to a Bloomberg report<\/a>. <\/p>\n\n\n\n

The data coming from the Kremlin and government officials out of Moscow was articulated from analyzing the IP addresses of the most prominent exchange users out of the country along with various other data points, as stated by two officials from Kremlin.<\/p>\n\n\n\n

The data comes after the Russian government had decided to regulate<\/a> rather than ban cryptocurrencies. The analysis will help articulate an overview of the market to assist in their regulations and should be taken with a grain of salt because of the anonymous nature of cryptocurrencies in general.<\/p>\n\n\n\n

\u201cRussians really do have a lot of money in cryptocurrency, but it\u2019s hard to value the true amount...many people are using cash, derivative instruments, or have two passports and can open a crypto wallet in someone else\u2019s name.\u201d<\/em><\/strong><\/p>Alexander Filatov, Co-Founder and CEO of TON Labs<\/a><\/cite><\/blockquote>\n\n\n\n

The statistics offer a snapshot of how widespread cryptocurrency investing has become in Russia being the\u00a0third-biggest<\/a>\u00a0Bitcoin miner in the world, as officials at the central bank push for a blanket ban on the local industry, while the government pursues a softer approach.((https:\/\/www.bloomberg.com\/news\/articles\/2022-02-01\/russia-values-local-crypto-market-at-200-billion-as-rules-near))\u00a0<\/p>\n","post_title":"Russians Own 12% Of The Worlds Cryptocurrencies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"russians-own-12-of-the-worlds-cryptocurrencies","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2023-04-30 21:39:59","post_modified_gmt":"2023-04-30 11:39:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3341,"post_author":"1","post_date":"2022-01-31 22:09:02","post_date_gmt":"2022-01-31 11:09:02","post_content":"\n

The Russian Government has started the development of a guide that will present limitations on cryptocurrencies.<\/p>\n\n\n\n

The roadmap presented by the Russian Government and approved by Deputy Chairman Dmitry Chernyshenko will work to ease the adoption of cryptocurrencies while halting financial instability. <\/p>\n\n\n\n

It will seek to provide a regulatory framework within the cryptocurrency markets having with an emphasis on violations and dangers within the industry.<\/p>\n\n\n\n

The roadmap goes against the recently proposed blanket ban on cryptocurrencies - as per the Russian Central Bank. Suggesting that crypto-related activities such as payments, exchange, and mining be banned, as it risks financial stability for the citizens of the nation.<\/p>\n\n\n\n

What Do Russia's Regulations Entail?<\/h2>\n\n\n\n

The National Bank, through this guide, advocates having an administrative and prohibitive system for cryptocurrencies. This change of position comes after Putin demanded showing up at an agreement in regards to this.<\/p>\n\n\n\n

Putin has recognized that, although cryptocurrencies convey a specific measure of hazard coming from its volatility, digital currency mining guarantees a ton of upper hand to the country.<\/p>\n\n\n\n

Since Russia enjoys the benefit of having the option to give cheap power, it will remain the third-biggest country for crypto mining.<\/p>\n\n\n\n

\"Regulation will only provide the transparency that will ensure the protection of citizens.\"<\/strong><\/em><\/p>Ivan Chebeskov, Head Of The Financial Policy Department<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"Will Russia Ban Bitcoin? Likely Not; Here's Why...","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russia-ban-bitcoin-likely-not-heres-why","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:24","post_modified_gmt":"2023-04-11 02:56:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

This comes after the recent news<\/a> that the Russian central bank was in support of banning the trading and mining of cryptocurrencies. Matolcsy stated<\/a> that \"it is clear-cut that cryptocurrencies could service illegal activities and tend to build up financial pyramids.\" <\/p>\n\n\n\n

He also added that the \"growth and market value of cryptocurrencies is defined primarily by speculative demand for future growth, which creates bubbles.\u201d Calling for unity within the EU, Matolcsy wants the EU to \"act together\" in order to preempt the building up of \"new financial pyramids and financial bubbles.\"<\/p>\n\n\n\n

It seems that he is in support of banning it from the EU, but not worldwide. \"EU citizens and companies would be allowed to own cryptocurrencies abroad and regulators will track their holdings.\" <\/p>\n\n\n\n

As Matolscy stated above, the growth and market value of cryptocurrencies is defined by speculative demand for future growth, is the support for the ban just a way to see if other countries can manage and regulate cryptocurrencies before he makes a decision on what to do, or is it another technology that isn't fully understood?<\/p>\n","post_title":"Hungarian Central Bank In Support Of Russian Crypto Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"hungarian-central-bank-in-support-of-russian-crypto-ban","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2022-02-12 17:07:44","post_modified_gmt":"2022-02-12 06:07:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3453","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3439,"post_author":"1","post_date":"2022-02-10 21:26:57","post_date_gmt":"2022-02-10 10:26:57","post_content":"\n

Russians own over $214 Billion worth, or 12% of the total value<\/a> of cryptocurrencies worldwide, according to a Bloomberg report<\/a>. <\/p>\n\n\n\n

The data coming from the Kremlin and government officials out of Moscow was articulated from analyzing the IP addresses of the most prominent exchange users out of the country along with various other data points, as stated by two officials from Kremlin.<\/p>\n\n\n\n

The data comes after the Russian government had decided to regulate<\/a> rather than ban cryptocurrencies. The analysis will help articulate an overview of the market to assist in their regulations and should be taken with a grain of salt because of the anonymous nature of cryptocurrencies in general.<\/p>\n\n\n\n

\u201cRussians really do have a lot of money in cryptocurrency, but it\u2019s hard to value the true amount...many people are using cash, derivative instruments, or have two passports and can open a crypto wallet in someone else\u2019s name.\u201d<\/em><\/strong><\/p>Alexander Filatov, Co-Founder and CEO of TON Labs<\/a><\/cite><\/blockquote>\n\n\n\n

The statistics offer a snapshot of how widespread cryptocurrency investing has become in Russia being the\u00a0third-biggest<\/a>\u00a0Bitcoin miner in the world, as officials at the central bank push for a blanket ban on the local industry, while the government pursues a softer approach.((https:\/\/www.bloomberg.com\/news\/articles\/2022-02-01\/russia-values-local-crypto-market-at-200-billion-as-rules-near))\u00a0<\/p>\n","post_title":"Russians Own 12% Of The Worlds Cryptocurrencies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"russians-own-12-of-the-worlds-cryptocurrencies","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2023-04-30 21:39:59","post_modified_gmt":"2023-04-30 11:39:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3341,"post_author":"1","post_date":"2022-01-31 22:09:02","post_date_gmt":"2022-01-31 11:09:02","post_content":"\n

The Russian Government has started the development of a guide that will present limitations on cryptocurrencies.<\/p>\n\n\n\n

The roadmap presented by the Russian Government and approved by Deputy Chairman Dmitry Chernyshenko will work to ease the adoption of cryptocurrencies while halting financial instability. <\/p>\n\n\n\n

It will seek to provide a regulatory framework within the cryptocurrency markets having with an emphasis on violations and dangers within the industry.<\/p>\n\n\n\n

The roadmap goes against the recently proposed blanket ban on cryptocurrencies - as per the Russian Central Bank. Suggesting that crypto-related activities such as payments, exchange, and mining be banned, as it risks financial stability for the citizens of the nation.<\/p>\n\n\n\n

What Do Russia's Regulations Entail?<\/h2>\n\n\n\n

The National Bank, through this guide, advocates having an administrative and prohibitive system for cryptocurrencies. This change of position comes after Putin demanded showing up at an agreement in regards to this.<\/p>\n\n\n\n

Putin has recognized that, although cryptocurrencies convey a specific measure of hazard coming from its volatility, digital currency mining guarantees a ton of upper hand to the country.<\/p>\n\n\n\n

Since Russia enjoys the benefit of having the option to give cheap power, it will remain the third-biggest country for crypto mining.<\/p>\n\n\n\n

\"Regulation will only provide the transparency that will ensure the protection of citizens.\"<\/strong><\/em><\/p>Ivan Chebeskov, Head Of The Financial Policy Department<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"Will Russia Ban Bitcoin? Likely Not; Here's Why...","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russia-ban-bitcoin-likely-not-heres-why","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:24","post_modified_gmt":"2023-04-11 02:56:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Gy\u00f6rgy Matolcsy, the governor of the Central Bank of Hungary is supporting the proposed crypto ban by the Russian Central Bank, expressing his agreement with the proposal to ban trading and mining of cryptocurrencies.<\/p>\n\n\n\n

This comes after the recent news<\/a> that the Russian central bank was in support of banning the trading and mining of cryptocurrencies. Matolcsy stated<\/a> that \"it is clear-cut that cryptocurrencies could service illegal activities and tend to build up financial pyramids.\" <\/p>\n\n\n\n

He also added that the \"growth and market value of cryptocurrencies is defined primarily by speculative demand for future growth, which creates bubbles.\u201d Calling for unity within the EU, Matolcsy wants the EU to \"act together\" in order to preempt the building up of \"new financial pyramids and financial bubbles.\"<\/p>\n\n\n\n

It seems that he is in support of banning it from the EU, but not worldwide. \"EU citizens and companies would be allowed to own cryptocurrencies abroad and regulators will track their holdings.\" <\/p>\n\n\n\n

As Matolscy stated above, the growth and market value of cryptocurrencies is defined by speculative demand for future growth, is the support for the ban just a way to see if other countries can manage and regulate cryptocurrencies before he makes a decision on what to do, or is it another technology that isn't fully understood?<\/p>\n","post_title":"Hungarian Central Bank In Support Of Russian Crypto Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"hungarian-central-bank-in-support-of-russian-crypto-ban","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2022-02-12 17:07:44","post_modified_gmt":"2022-02-12 06:07:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3453","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3439,"post_author":"1","post_date":"2022-02-10 21:26:57","post_date_gmt":"2022-02-10 10:26:57","post_content":"\n

Russians own over $214 Billion worth, or 12% of the total value<\/a> of cryptocurrencies worldwide, according to a Bloomberg report<\/a>. <\/p>\n\n\n\n

The data coming from the Kremlin and government officials out of Moscow was articulated from analyzing the IP addresses of the most prominent exchange users out of the country along with various other data points, as stated by two officials from Kremlin.<\/p>\n\n\n\n

The data comes after the Russian government had decided to regulate<\/a> rather than ban cryptocurrencies. The analysis will help articulate an overview of the market to assist in their regulations and should be taken with a grain of salt because of the anonymous nature of cryptocurrencies in general.<\/p>\n\n\n\n

\u201cRussians really do have a lot of money in cryptocurrency, but it\u2019s hard to value the true amount...many people are using cash, derivative instruments, or have two passports and can open a crypto wallet in someone else\u2019s name.\u201d<\/em><\/strong><\/p>Alexander Filatov, Co-Founder and CEO of TON Labs<\/a><\/cite><\/blockquote>\n\n\n\n

The statistics offer a snapshot of how widespread cryptocurrency investing has become in Russia being the\u00a0third-biggest<\/a>\u00a0Bitcoin miner in the world, as officials at the central bank push for a blanket ban on the local industry, while the government pursues a softer approach.((https:\/\/www.bloomberg.com\/news\/articles\/2022-02-01\/russia-values-local-crypto-market-at-200-billion-as-rules-near))\u00a0<\/p>\n","post_title":"Russians Own 12% Of The Worlds Cryptocurrencies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"russians-own-12-of-the-worlds-cryptocurrencies","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2023-04-30 21:39:59","post_modified_gmt":"2023-04-30 11:39:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3341,"post_author":"1","post_date":"2022-01-31 22:09:02","post_date_gmt":"2022-01-31 11:09:02","post_content":"\n

The Russian Government has started the development of a guide that will present limitations on cryptocurrencies.<\/p>\n\n\n\n

The roadmap presented by the Russian Government and approved by Deputy Chairman Dmitry Chernyshenko will work to ease the adoption of cryptocurrencies while halting financial instability. <\/p>\n\n\n\n

It will seek to provide a regulatory framework within the cryptocurrency markets having with an emphasis on violations and dangers within the industry.<\/p>\n\n\n\n

The roadmap goes against the recently proposed blanket ban on cryptocurrencies - as per the Russian Central Bank. Suggesting that crypto-related activities such as payments, exchange, and mining be banned, as it risks financial stability for the citizens of the nation.<\/p>\n\n\n\n

What Do Russia's Regulations Entail?<\/h2>\n\n\n\n

The National Bank, through this guide, advocates having an administrative and prohibitive system for cryptocurrencies. This change of position comes after Putin demanded showing up at an agreement in regards to this.<\/p>\n\n\n\n

Putin has recognized that, although cryptocurrencies convey a specific measure of hazard coming from its volatility, digital currency mining guarantees a ton of upper hand to the country.<\/p>\n\n\n\n

Since Russia enjoys the benefit of having the option to give cheap power, it will remain the third-biggest country for crypto mining.<\/p>\n\n\n\n

\"Regulation will only provide the transparency that will ensure the protection of citizens.\"<\/strong><\/em><\/p>Ivan Chebeskov, Head Of The Financial Policy Department<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"Will Russia Ban Bitcoin? Likely Not; Here's Why...","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russia-ban-bitcoin-likely-not-heres-why","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:24","post_modified_gmt":"2023-04-11 02:56:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

After GoFundMe decided to not distribute $9 million raised<\/a> in support for the truckers, crypto quickly became the main way to donate to the cause. <\/p>\n","post_title":"Canadian Courts Demand To Freeze Funds Rejected By Crypto Wallet","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"canadian-courts-demand-to-freeze-funds-rejected-by-crypto-wallet","to_ping":"","pinged":"","post_modified":"2022-02-23 18:44:58","post_modified_gmt":"2022-02-23 07:44:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3561","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3453,"post_author":"1","post_date":"2022-02-12 17:06:40","post_date_gmt":"2022-02-12 06:06:40","post_content":"\n

Gy\u00f6rgy Matolcsy, the governor of the Central Bank of Hungary is supporting the proposed crypto ban by the Russian Central Bank, expressing his agreement with the proposal to ban trading and mining of cryptocurrencies.<\/p>\n\n\n\n

This comes after the recent news<\/a> that the Russian central bank was in support of banning the trading and mining of cryptocurrencies. Matolcsy stated<\/a> that \"it is clear-cut that cryptocurrencies could service illegal activities and tend to build up financial pyramids.\" <\/p>\n\n\n\n

He also added that the \"growth and market value of cryptocurrencies is defined primarily by speculative demand for future growth, which creates bubbles.\u201d Calling for unity within the EU, Matolcsy wants the EU to \"act together\" in order to preempt the building up of \"new financial pyramids and financial bubbles.\"<\/p>\n\n\n\n

It seems that he is in support of banning it from the EU, but not worldwide. \"EU citizens and companies would be allowed to own cryptocurrencies abroad and regulators will track their holdings.\" <\/p>\n\n\n\n

As Matolscy stated above, the growth and market value of cryptocurrencies is defined by speculative demand for future growth, is the support for the ban just a way to see if other countries can manage and regulate cryptocurrencies before he makes a decision on what to do, or is it another technology that isn't fully understood?<\/p>\n","post_title":"Hungarian Central Bank In Support Of Russian Crypto Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"hungarian-central-bank-in-support-of-russian-crypto-ban","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2022-02-12 17:07:44","post_modified_gmt":"2022-02-12 06:07:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3453","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3439,"post_author":"1","post_date":"2022-02-10 21:26:57","post_date_gmt":"2022-02-10 10:26:57","post_content":"\n

Russians own over $214 Billion worth, or 12% of the total value<\/a> of cryptocurrencies worldwide, according to a Bloomberg report<\/a>. <\/p>\n\n\n\n

The data coming from the Kremlin and government officials out of Moscow was articulated from analyzing the IP addresses of the most prominent exchange users out of the country along with various other data points, as stated by two officials from Kremlin.<\/p>\n\n\n\n

The data comes after the Russian government had decided to regulate<\/a> rather than ban cryptocurrencies. The analysis will help articulate an overview of the market to assist in their regulations and should be taken with a grain of salt because of the anonymous nature of cryptocurrencies in general.<\/p>\n\n\n\n

\u201cRussians really do have a lot of money in cryptocurrency, but it\u2019s hard to value the true amount...many people are using cash, derivative instruments, or have two passports and can open a crypto wallet in someone else\u2019s name.\u201d<\/em><\/strong><\/p>Alexander Filatov, Co-Founder and CEO of TON Labs<\/a><\/cite><\/blockquote>\n\n\n\n

The statistics offer a snapshot of how widespread cryptocurrency investing has become in Russia being the\u00a0third-biggest<\/a>\u00a0Bitcoin miner in the world, as officials at the central bank push for a blanket ban on the local industry, while the government pursues a softer approach.((https:\/\/www.bloomberg.com\/news\/articles\/2022-02-01\/russia-values-local-crypto-market-at-200-billion-as-rules-near))\u00a0<\/p>\n","post_title":"Russians Own 12% Of The Worlds Cryptocurrencies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"russians-own-12-of-the-worlds-cryptocurrencies","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2023-04-30 21:39:59","post_modified_gmt":"2023-04-30 11:39:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3341,"post_author":"1","post_date":"2022-01-31 22:09:02","post_date_gmt":"2022-01-31 11:09:02","post_content":"\n

The Russian Government has started the development of a guide that will present limitations on cryptocurrencies.<\/p>\n\n\n\n

The roadmap presented by the Russian Government and approved by Deputy Chairman Dmitry Chernyshenko will work to ease the adoption of cryptocurrencies while halting financial instability. <\/p>\n\n\n\n

It will seek to provide a regulatory framework within the cryptocurrency markets having with an emphasis on violations and dangers within the industry.<\/p>\n\n\n\n

The roadmap goes against the recently proposed blanket ban on cryptocurrencies - as per the Russian Central Bank. Suggesting that crypto-related activities such as payments, exchange, and mining be banned, as it risks financial stability for the citizens of the nation.<\/p>\n\n\n\n

What Do Russia's Regulations Entail?<\/h2>\n\n\n\n

The National Bank, through this guide, advocates having an administrative and prohibitive system for cryptocurrencies. This change of position comes after Putin demanded showing up at an agreement in regards to this.<\/p>\n\n\n\n

Putin has recognized that, although cryptocurrencies convey a specific measure of hazard coming from its volatility, digital currency mining guarantees a ton of upper hand to the country.<\/p>\n\n\n\n

Since Russia enjoys the benefit of having the option to give cheap power, it will remain the third-biggest country for crypto mining.<\/p>\n\n\n\n

\"Regulation will only provide the transparency that will ensure the protection of citizens.\"<\/strong><\/em><\/p>Ivan Chebeskov, Head Of The Financial Policy Department<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"Will Russia Ban Bitcoin? Likely Not; Here's Why...","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russia-ban-bitcoin-likely-not-heres-why","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:24","post_modified_gmt":"2023-04-11 02:56:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Coinbase CEO, Brian Armstrong claimed it is \u201cconcerning to see stuff like this happening in any country, especially such an economically free place like Canada.\u201d<\/p>\n\n\n\n

After GoFundMe decided to not distribute $9 million raised<\/a> in support for the truckers, crypto quickly became the main way to donate to the cause. <\/p>\n","post_title":"Canadian Courts Demand To Freeze Funds Rejected By Crypto Wallet","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"canadian-courts-demand-to-freeze-funds-rejected-by-crypto-wallet","to_ping":"","pinged":"","post_modified":"2022-02-23 18:44:58","post_modified_gmt":"2022-02-23 07:44:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3561","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3453,"post_author":"1","post_date":"2022-02-12 17:06:40","post_date_gmt":"2022-02-12 06:06:40","post_content":"\n

Gy\u00f6rgy Matolcsy, the governor of the Central Bank of Hungary is supporting the proposed crypto ban by the Russian Central Bank, expressing his agreement with the proposal to ban trading and mining of cryptocurrencies.<\/p>\n\n\n\n

This comes after the recent news<\/a> that the Russian central bank was in support of banning the trading and mining of cryptocurrencies. Matolcsy stated<\/a> that \"it is clear-cut that cryptocurrencies could service illegal activities and tend to build up financial pyramids.\" <\/p>\n\n\n\n

He also added that the \"growth and market value of cryptocurrencies is defined primarily by speculative demand for future growth, which creates bubbles.\u201d Calling for unity within the EU, Matolcsy wants the EU to \"act together\" in order to preempt the building up of \"new financial pyramids and financial bubbles.\"<\/p>\n\n\n\n

It seems that he is in support of banning it from the EU, but not worldwide. \"EU citizens and companies would be allowed to own cryptocurrencies abroad and regulators will track their holdings.\" <\/p>\n\n\n\n

As Matolscy stated above, the growth and market value of cryptocurrencies is defined by speculative demand for future growth, is the support for the ban just a way to see if other countries can manage and regulate cryptocurrencies before he makes a decision on what to do, or is it another technology that isn't fully understood?<\/p>\n","post_title":"Hungarian Central Bank In Support Of Russian Crypto Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"hungarian-central-bank-in-support-of-russian-crypto-ban","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2022-02-12 17:07:44","post_modified_gmt":"2022-02-12 06:07:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3453","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3439,"post_author":"1","post_date":"2022-02-10 21:26:57","post_date_gmt":"2022-02-10 10:26:57","post_content":"\n

Russians own over $214 Billion worth, or 12% of the total value<\/a> of cryptocurrencies worldwide, according to a Bloomberg report<\/a>. <\/p>\n\n\n\n

The data coming from the Kremlin and government officials out of Moscow was articulated from analyzing the IP addresses of the most prominent exchange users out of the country along with various other data points, as stated by two officials from Kremlin.<\/p>\n\n\n\n

The data comes after the Russian government had decided to regulate<\/a> rather than ban cryptocurrencies. The analysis will help articulate an overview of the market to assist in their regulations and should be taken with a grain of salt because of the anonymous nature of cryptocurrencies in general.<\/p>\n\n\n\n

\u201cRussians really do have a lot of money in cryptocurrency, but it\u2019s hard to value the true amount...many people are using cash, derivative instruments, or have two passports and can open a crypto wallet in someone else\u2019s name.\u201d<\/em><\/strong><\/p>Alexander Filatov, Co-Founder and CEO of TON Labs<\/a><\/cite><\/blockquote>\n\n\n\n

The statistics offer a snapshot of how widespread cryptocurrency investing has become in Russia being the\u00a0third-biggest<\/a>\u00a0Bitcoin miner in the world, as officials at the central bank push for a blanket ban on the local industry, while the government pursues a softer approach.((https:\/\/www.bloomberg.com\/news\/articles\/2022-02-01\/russia-values-local-crypto-market-at-200-billion-as-rules-near))\u00a0<\/p>\n","post_title":"Russians Own 12% Of The Worlds Cryptocurrencies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"russians-own-12-of-the-worlds-cryptocurrencies","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2023-04-30 21:39:59","post_modified_gmt":"2023-04-30 11:39:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3341,"post_author":"1","post_date":"2022-01-31 22:09:02","post_date_gmt":"2022-01-31 11:09:02","post_content":"\n

The Russian Government has started the development of a guide that will present limitations on cryptocurrencies.<\/p>\n\n\n\n

The roadmap presented by the Russian Government and approved by Deputy Chairman Dmitry Chernyshenko will work to ease the adoption of cryptocurrencies while halting financial instability. <\/p>\n\n\n\n

It will seek to provide a regulatory framework within the cryptocurrency markets having with an emphasis on violations and dangers within the industry.<\/p>\n\n\n\n

The roadmap goes against the recently proposed blanket ban on cryptocurrencies - as per the Russian Central Bank. Suggesting that crypto-related activities such as payments, exchange, and mining be banned, as it risks financial stability for the citizens of the nation.<\/p>\n\n\n\n

What Do Russia's Regulations Entail?<\/h2>\n\n\n\n

The National Bank, through this guide, advocates having an administrative and prohibitive system for cryptocurrencies. This change of position comes after Putin demanded showing up at an agreement in regards to this.<\/p>\n\n\n\n

Putin has recognized that, although cryptocurrencies convey a specific measure of hazard coming from its volatility, digital currency mining guarantees a ton of upper hand to the country.<\/p>\n\n\n\n

Since Russia enjoys the benefit of having the option to give cheap power, it will remain the third-biggest country for crypto mining.<\/p>\n\n\n\n

\"Regulation will only provide the transparency that will ensure the protection of citizens.\"<\/strong><\/em><\/p>Ivan Chebeskov, Head Of The Financial Policy Department<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"Will Russia Ban Bitcoin? Likely Not; Here's Why...","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russia-ban-bitcoin-likely-not-heres-why","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:24","post_modified_gmt":"2023-04-11 02:56:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Cryptocurrency is decentralized by nature, it has gained traction was to prevent things like this from happening. So far, it has held up against the legal system.<\/p>\n\n\n\n

Coinbase CEO, Brian Armstrong claimed it is \u201cconcerning to see stuff like this happening in any country, especially such an economically free place like Canada.\u201d<\/p>\n\n\n\n

After GoFundMe decided to not distribute $9 million raised<\/a> in support for the truckers, crypto quickly became the main way to donate to the cause. <\/p>\n","post_title":"Canadian Courts Demand To Freeze Funds Rejected By Crypto Wallet","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"canadian-courts-demand-to-freeze-funds-rejected-by-crypto-wallet","to_ping":"","pinged":"","post_modified":"2022-02-23 18:44:58","post_modified_gmt":"2022-02-23 07:44:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3561","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3453,"post_author":"1","post_date":"2022-02-12 17:06:40","post_date_gmt":"2022-02-12 06:06:40","post_content":"\n

Gy\u00f6rgy Matolcsy, the governor of the Central Bank of Hungary is supporting the proposed crypto ban by the Russian Central Bank, expressing his agreement with the proposal to ban trading and mining of cryptocurrencies.<\/p>\n\n\n\n

This comes after the recent news<\/a> that the Russian central bank was in support of banning the trading and mining of cryptocurrencies. Matolcsy stated<\/a> that \"it is clear-cut that cryptocurrencies could service illegal activities and tend to build up financial pyramids.\" <\/p>\n\n\n\n

He also added that the \"growth and market value of cryptocurrencies is defined primarily by speculative demand for future growth, which creates bubbles.\u201d Calling for unity within the EU, Matolcsy wants the EU to \"act together\" in order to preempt the building up of \"new financial pyramids and financial bubbles.\"<\/p>\n\n\n\n

It seems that he is in support of banning it from the EU, but not worldwide. \"EU citizens and companies would be allowed to own cryptocurrencies abroad and regulators will track their holdings.\" <\/p>\n\n\n\n

As Matolscy stated above, the growth and market value of cryptocurrencies is defined by speculative demand for future growth, is the support for the ban just a way to see if other countries can manage and regulate cryptocurrencies before he makes a decision on what to do, or is it another technology that isn't fully understood?<\/p>\n","post_title":"Hungarian Central Bank In Support Of Russian Crypto Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"hungarian-central-bank-in-support-of-russian-crypto-ban","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2022-02-12 17:07:44","post_modified_gmt":"2022-02-12 06:07:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3453","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3439,"post_author":"1","post_date":"2022-02-10 21:26:57","post_date_gmt":"2022-02-10 10:26:57","post_content":"\n

Russians own over $214 Billion worth, or 12% of the total value<\/a> of cryptocurrencies worldwide, according to a Bloomberg report<\/a>. <\/p>\n\n\n\n

The data coming from the Kremlin and government officials out of Moscow was articulated from analyzing the IP addresses of the most prominent exchange users out of the country along with various other data points, as stated by two officials from Kremlin.<\/p>\n\n\n\n

The data comes after the Russian government had decided to regulate<\/a> rather than ban cryptocurrencies. The analysis will help articulate an overview of the market to assist in their regulations and should be taken with a grain of salt because of the anonymous nature of cryptocurrencies in general.<\/p>\n\n\n\n

\u201cRussians really do have a lot of money in cryptocurrency, but it\u2019s hard to value the true amount...many people are using cash, derivative instruments, or have two passports and can open a crypto wallet in someone else\u2019s name.\u201d<\/em><\/strong><\/p>Alexander Filatov, Co-Founder and CEO of TON Labs<\/a><\/cite><\/blockquote>\n\n\n\n

The statistics offer a snapshot of how widespread cryptocurrency investing has become in Russia being the\u00a0third-biggest<\/a>\u00a0Bitcoin miner in the world, as officials at the central bank push for a blanket ban on the local industry, while the government pursues a softer approach.((https:\/\/www.bloomberg.com\/news\/articles\/2022-02-01\/russia-values-local-crypto-market-at-200-billion-as-rules-near))\u00a0<\/p>\n","post_title":"Russians Own 12% Of The Worlds Cryptocurrencies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"russians-own-12-of-the-worlds-cryptocurrencies","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2023-04-30 21:39:59","post_modified_gmt":"2023-04-30 11:39:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3341,"post_author":"1","post_date":"2022-01-31 22:09:02","post_date_gmt":"2022-01-31 11:09:02","post_content":"\n

The Russian Government has started the development of a guide that will present limitations on cryptocurrencies.<\/p>\n\n\n\n

The roadmap presented by the Russian Government and approved by Deputy Chairman Dmitry Chernyshenko will work to ease the adoption of cryptocurrencies while halting financial instability. <\/p>\n\n\n\n

It will seek to provide a regulatory framework within the cryptocurrency markets having with an emphasis on violations and dangers within the industry.<\/p>\n\n\n\n

The roadmap goes against the recently proposed blanket ban on cryptocurrencies - as per the Russian Central Bank. Suggesting that crypto-related activities such as payments, exchange, and mining be banned, as it risks financial stability for the citizens of the nation.<\/p>\n\n\n\n

What Do Russia's Regulations Entail?<\/h2>\n\n\n\n

The National Bank, through this guide, advocates having an administrative and prohibitive system for cryptocurrencies. This change of position comes after Putin demanded showing up at an agreement in regards to this.<\/p>\n\n\n\n

Putin has recognized that, although cryptocurrencies convey a specific measure of hazard coming from its volatility, digital currency mining guarantees a ton of upper hand to the country.<\/p>\n\n\n\n

Since Russia enjoys the benefit of having the option to give cheap power, it will remain the third-biggest country for crypto mining.<\/p>\n\n\n\n

\"Regulation will only provide the transparency that will ensure the protection of citizens.\"<\/strong><\/em><\/p>Ivan Chebeskov, Head Of The Financial Policy Department<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"Will Russia Ban Bitcoin? Likely Not; Here's Why...","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russia-ban-bitcoin-likely-not-heres-why","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:24","post_modified_gmt":"2023-04-11 02:56:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Going Against Court Orders<\/h2>\n\n\n\n

Cryptocurrency is decentralized by nature, it has gained traction was to prevent things like this from happening. So far, it has held up against the legal system.<\/p>\n\n\n\n

Coinbase CEO, Brian Armstrong claimed it is \u201cconcerning to see stuff like this happening in any country, especially such an economically free place like Canada.\u201d<\/p>\n\n\n\n

After GoFundMe decided to not distribute $9 million raised<\/a> in support for the truckers, crypto quickly became the main way to donate to the cause. <\/p>\n","post_title":"Canadian Courts Demand To Freeze Funds Rejected By Crypto Wallet","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"canadian-courts-demand-to-freeze-funds-rejected-by-crypto-wallet","to_ping":"","pinged":"","post_modified":"2022-02-23 18:44:58","post_modified_gmt":"2022-02-23 07:44:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3561","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3453,"post_author":"1","post_date":"2022-02-12 17:06:40","post_date_gmt":"2022-02-12 06:06:40","post_content":"\n

Gy\u00f6rgy Matolcsy, the governor of the Central Bank of Hungary is supporting the proposed crypto ban by the Russian Central Bank, expressing his agreement with the proposal to ban trading and mining of cryptocurrencies.<\/p>\n\n\n\n

This comes after the recent news<\/a> that the Russian central bank was in support of banning the trading and mining of cryptocurrencies. Matolcsy stated<\/a> that \"it is clear-cut that cryptocurrencies could service illegal activities and tend to build up financial pyramids.\" <\/p>\n\n\n\n

He also added that the \"growth and market value of cryptocurrencies is defined primarily by speculative demand for future growth, which creates bubbles.\u201d Calling for unity within the EU, Matolcsy wants the EU to \"act together\" in order to preempt the building up of \"new financial pyramids and financial bubbles.\"<\/p>\n\n\n\n

It seems that he is in support of banning it from the EU, but not worldwide. \"EU citizens and companies would be allowed to own cryptocurrencies abroad and regulators will track their holdings.\" <\/p>\n\n\n\n

As Matolscy stated above, the growth and market value of cryptocurrencies is defined by speculative demand for future growth, is the support for the ban just a way to see if other countries can manage and regulate cryptocurrencies before he makes a decision on what to do, or is it another technology that isn't fully understood?<\/p>\n","post_title":"Hungarian Central Bank In Support Of Russian Crypto Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"hungarian-central-bank-in-support-of-russian-crypto-ban","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2022-02-12 17:07:44","post_modified_gmt":"2022-02-12 06:07:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3453","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3439,"post_author":"1","post_date":"2022-02-10 21:26:57","post_date_gmt":"2022-02-10 10:26:57","post_content":"\n

Russians own over $214 Billion worth, or 12% of the total value<\/a> of cryptocurrencies worldwide, according to a Bloomberg report<\/a>. <\/p>\n\n\n\n

The data coming from the Kremlin and government officials out of Moscow was articulated from analyzing the IP addresses of the most prominent exchange users out of the country along with various other data points, as stated by two officials from Kremlin.<\/p>\n\n\n\n

The data comes after the Russian government had decided to regulate<\/a> rather than ban cryptocurrencies. The analysis will help articulate an overview of the market to assist in their regulations and should be taken with a grain of salt because of the anonymous nature of cryptocurrencies in general.<\/p>\n\n\n\n

\u201cRussians really do have a lot of money in cryptocurrency, but it\u2019s hard to value the true amount...many people are using cash, derivative instruments, or have two passports and can open a crypto wallet in someone else\u2019s name.\u201d<\/em><\/strong><\/p>Alexander Filatov, Co-Founder and CEO of TON Labs<\/a><\/cite><\/blockquote>\n\n\n\n

The statistics offer a snapshot of how widespread cryptocurrency investing has become in Russia being the\u00a0third-biggest<\/a>\u00a0Bitcoin miner in the world, as officials at the central bank push for a blanket ban on the local industry, while the government pursues a softer approach.((https:\/\/www.bloomberg.com\/news\/articles\/2022-02-01\/russia-values-local-crypto-market-at-200-billion-as-rules-near))\u00a0<\/p>\n","post_title":"Russians Own 12% Of The Worlds Cryptocurrencies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"russians-own-12-of-the-worlds-cryptocurrencies","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2023-04-30 21:39:59","post_modified_gmt":"2023-04-30 11:39:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3341,"post_author":"1","post_date":"2022-01-31 22:09:02","post_date_gmt":"2022-01-31 11:09:02","post_content":"\n

The Russian Government has started the development of a guide that will present limitations on cryptocurrencies.<\/p>\n\n\n\n

The roadmap presented by the Russian Government and approved by Deputy Chairman Dmitry Chernyshenko will work to ease the adoption of cryptocurrencies while halting financial instability. <\/p>\n\n\n\n

It will seek to provide a regulatory framework within the cryptocurrency markets having with an emphasis on violations and dangers within the industry.<\/p>\n\n\n\n

The roadmap goes against the recently proposed blanket ban on cryptocurrencies - as per the Russian Central Bank. Suggesting that crypto-related activities such as payments, exchange, and mining be banned, as it risks financial stability for the citizens of the nation.<\/p>\n\n\n\n

What Do Russia's Regulations Entail?<\/h2>\n\n\n\n

The National Bank, through this guide, advocates having an administrative and prohibitive system for cryptocurrencies. This change of position comes after Putin demanded showing up at an agreement in regards to this.<\/p>\n\n\n\n

Putin has recognized that, although cryptocurrencies convey a specific measure of hazard coming from its volatility, digital currency mining guarantees a ton of upper hand to the country.<\/p>\n\n\n\n

Since Russia enjoys the benefit of having the option to give cheap power, it will remain the third-biggest country for crypto mining.<\/p>\n\n\n\n

\"Regulation will only provide the transparency that will ensure the protection of citizens.\"<\/strong><\/em><\/p>Ivan Chebeskov, Head Of The Financial Policy Department<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"Will Russia Ban Bitcoin? Likely Not; Here's Why...","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russia-ban-bitcoin-likely-not-heres-why","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:24","post_modified_gmt":"2023-04-11 02:56:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n
\nhttps:\/\/twitter.com\/nunchuk_io\/status\/1494885897577271299?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1494885897577271299%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Fbitcoin-wallet-rejects-canadas-court-demand-to-freeze-funds-citing-technically-impossible%2F\n<\/div><\/figure>\n\n\n\n

Going Against Court Orders<\/h2>\n\n\n\n

Cryptocurrency is decentralized by nature, it has gained traction was to prevent things like this from happening. So far, it has held up against the legal system.<\/p>\n\n\n\n

Coinbase CEO, Brian Armstrong claimed it is \u201cconcerning to see stuff like this happening in any country, especially such an economically free place like Canada.\u201d<\/p>\n\n\n\n

After GoFundMe decided to not distribute $9 million raised<\/a> in support for the truckers, crypto quickly became the main way to donate to the cause. <\/p>\n","post_title":"Canadian Courts Demand To Freeze Funds Rejected By Crypto Wallet","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"canadian-courts-demand-to-freeze-funds-rejected-by-crypto-wallet","to_ping":"","pinged":"","post_modified":"2022-02-23 18:44:58","post_modified_gmt":"2022-02-23 07:44:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3561","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3453,"post_author":"1","post_date":"2022-02-12 17:06:40","post_date_gmt":"2022-02-12 06:06:40","post_content":"\n

Gy\u00f6rgy Matolcsy, the governor of the Central Bank of Hungary is supporting the proposed crypto ban by the Russian Central Bank, expressing his agreement with the proposal to ban trading and mining of cryptocurrencies.<\/p>\n\n\n\n

This comes after the recent news<\/a> that the Russian central bank was in support of banning the trading and mining of cryptocurrencies. Matolcsy stated<\/a> that \"it is clear-cut that cryptocurrencies could service illegal activities and tend to build up financial pyramids.\" <\/p>\n\n\n\n

He also added that the \"growth and market value of cryptocurrencies is defined primarily by speculative demand for future growth, which creates bubbles.\u201d Calling for unity within the EU, Matolcsy wants the EU to \"act together\" in order to preempt the building up of \"new financial pyramids and financial bubbles.\"<\/p>\n\n\n\n

It seems that he is in support of banning it from the EU, but not worldwide. \"EU citizens and companies would be allowed to own cryptocurrencies abroad and regulators will track their holdings.\" <\/p>\n\n\n\n

As Matolscy stated above, the growth and market value of cryptocurrencies is defined by speculative demand for future growth, is the support for the ban just a way to see if other countries can manage and regulate cryptocurrencies before he makes a decision on what to do, or is it another technology that isn't fully understood?<\/p>\n","post_title":"Hungarian Central Bank In Support Of Russian Crypto Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"hungarian-central-bank-in-support-of-russian-crypto-ban","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2022-02-12 17:07:44","post_modified_gmt":"2022-02-12 06:07:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3453","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3439,"post_author":"1","post_date":"2022-02-10 21:26:57","post_date_gmt":"2022-02-10 10:26:57","post_content":"\n

Russians own over $214 Billion worth, or 12% of the total value<\/a> of cryptocurrencies worldwide, according to a Bloomberg report<\/a>. <\/p>\n\n\n\n

The data coming from the Kremlin and government officials out of Moscow was articulated from analyzing the IP addresses of the most prominent exchange users out of the country along with various other data points, as stated by two officials from Kremlin.<\/p>\n\n\n\n

The data comes after the Russian government had decided to regulate<\/a> rather than ban cryptocurrencies. The analysis will help articulate an overview of the market to assist in their regulations and should be taken with a grain of salt because of the anonymous nature of cryptocurrencies in general.<\/p>\n\n\n\n

\u201cRussians really do have a lot of money in cryptocurrency, but it\u2019s hard to value the true amount...many people are using cash, derivative instruments, or have two passports and can open a crypto wallet in someone else\u2019s name.\u201d<\/em><\/strong><\/p>Alexander Filatov, Co-Founder and CEO of TON Labs<\/a><\/cite><\/blockquote>\n\n\n\n

The statistics offer a snapshot of how widespread cryptocurrency investing has become in Russia being the\u00a0third-biggest<\/a>\u00a0Bitcoin miner in the world, as officials at the central bank push for a blanket ban on the local industry, while the government pursues a softer approach.((https:\/\/www.bloomberg.com\/news\/articles\/2022-02-01\/russia-values-local-crypto-market-at-200-billion-as-rules-near))\u00a0<\/p>\n","post_title":"Russians Own 12% Of The Worlds Cryptocurrencies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"russians-own-12-of-the-worlds-cryptocurrencies","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2023-04-30 21:39:59","post_modified_gmt":"2023-04-30 11:39:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3341,"post_author":"1","post_date":"2022-01-31 22:09:02","post_date_gmt":"2022-01-31 11:09:02","post_content":"\n

The Russian Government has started the development of a guide that will present limitations on cryptocurrencies.<\/p>\n\n\n\n

The roadmap presented by the Russian Government and approved by Deputy Chairman Dmitry Chernyshenko will work to ease the adoption of cryptocurrencies while halting financial instability. <\/p>\n\n\n\n

It will seek to provide a regulatory framework within the cryptocurrency markets having with an emphasis on violations and dangers within the industry.<\/p>\n\n\n\n

The roadmap goes against the recently proposed blanket ban on cryptocurrencies - as per the Russian Central Bank. Suggesting that crypto-related activities such as payments, exchange, and mining be banned, as it risks financial stability for the citizens of the nation.<\/p>\n\n\n\n

What Do Russia's Regulations Entail?<\/h2>\n\n\n\n

The National Bank, through this guide, advocates having an administrative and prohibitive system for cryptocurrencies. This change of position comes after Putin demanded showing up at an agreement in regards to this.<\/p>\n\n\n\n

Putin has recognized that, although cryptocurrencies convey a specific measure of hazard coming from its volatility, digital currency mining guarantees a ton of upper hand to the country.<\/p>\n\n\n\n

Since Russia enjoys the benefit of having the option to give cheap power, it will remain the third-biggest country for crypto mining.<\/p>\n\n\n\n

\"Regulation will only provide the transparency that will ensure the protection of citizens.\"<\/strong><\/em><\/p>Ivan Chebeskov, Head Of The Financial Policy Department<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"Will Russia Ban Bitcoin? Likely Not; Here's Why...","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russia-ban-bitcoin-likely-not-heres-why","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:24","post_modified_gmt":"2023-04-11 02:56:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Nunchuck's official response reads that it is a \u201cself-custodial, collaborative multi-sig Bitcoin wallet\u201d and that it's a \u201csoftware provider, not a custodial financial intermediary.\u201d<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nunchuk_io\/status\/1494885897577271299?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1494885897577271299%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Fbitcoin-wallet-rejects-canadas-court-demand-to-freeze-funds-citing-technically-impossible%2F\n<\/div><\/figure>\n\n\n\n

Going Against Court Orders<\/h2>\n\n\n\n

Cryptocurrency is decentralized by nature, it has gained traction was to prevent things like this from happening. So far, it has held up against the legal system.<\/p>\n\n\n\n

Coinbase CEO, Brian Armstrong claimed it is \u201cconcerning to see stuff like this happening in any country, especially such an economically free place like Canada.\u201d<\/p>\n\n\n\n

After GoFundMe decided to not distribute $9 million raised<\/a> in support for the truckers, crypto quickly became the main way to donate to the cause. <\/p>\n","post_title":"Canadian Courts Demand To Freeze Funds Rejected By Crypto Wallet","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"canadian-courts-demand-to-freeze-funds-rejected-by-crypto-wallet","to_ping":"","pinged":"","post_modified":"2022-02-23 18:44:58","post_modified_gmt":"2022-02-23 07:44:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3561","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3453,"post_author":"1","post_date":"2022-02-12 17:06:40","post_date_gmt":"2022-02-12 06:06:40","post_content":"\n

Gy\u00f6rgy Matolcsy, the governor of the Central Bank of Hungary is supporting the proposed crypto ban by the Russian Central Bank, expressing his agreement with the proposal to ban trading and mining of cryptocurrencies.<\/p>\n\n\n\n

This comes after the recent news<\/a> that the Russian central bank was in support of banning the trading and mining of cryptocurrencies. Matolcsy stated<\/a> that \"it is clear-cut that cryptocurrencies could service illegal activities and tend to build up financial pyramids.\" <\/p>\n\n\n\n

He also added that the \"growth and market value of cryptocurrencies is defined primarily by speculative demand for future growth, which creates bubbles.\u201d Calling for unity within the EU, Matolcsy wants the EU to \"act together\" in order to preempt the building up of \"new financial pyramids and financial bubbles.\"<\/p>\n\n\n\n

It seems that he is in support of banning it from the EU, but not worldwide. \"EU citizens and companies would be allowed to own cryptocurrencies abroad and regulators will track their holdings.\" <\/p>\n\n\n\n

As Matolscy stated above, the growth and market value of cryptocurrencies is defined by speculative demand for future growth, is the support for the ban just a way to see if other countries can manage and regulate cryptocurrencies before he makes a decision on what to do, or is it another technology that isn't fully understood?<\/p>\n","post_title":"Hungarian Central Bank In Support Of Russian Crypto Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"hungarian-central-bank-in-support-of-russian-crypto-ban","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2022-02-12 17:07:44","post_modified_gmt":"2022-02-12 06:07:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3453","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3439,"post_author":"1","post_date":"2022-02-10 21:26:57","post_date_gmt":"2022-02-10 10:26:57","post_content":"\n

Russians own over $214 Billion worth, or 12% of the total value<\/a> of cryptocurrencies worldwide, according to a Bloomberg report<\/a>. <\/p>\n\n\n\n

The data coming from the Kremlin and government officials out of Moscow was articulated from analyzing the IP addresses of the most prominent exchange users out of the country along with various other data points, as stated by two officials from Kremlin.<\/p>\n\n\n\n

The data comes after the Russian government had decided to regulate<\/a> rather than ban cryptocurrencies. The analysis will help articulate an overview of the market to assist in their regulations and should be taken with a grain of salt because of the anonymous nature of cryptocurrencies in general.<\/p>\n\n\n\n

\u201cRussians really do have a lot of money in cryptocurrency, but it\u2019s hard to value the true amount...many people are using cash, derivative instruments, or have two passports and can open a crypto wallet in someone else\u2019s name.\u201d<\/em><\/strong><\/p>Alexander Filatov, Co-Founder and CEO of TON Labs<\/a><\/cite><\/blockquote>\n\n\n\n

The statistics offer a snapshot of how widespread cryptocurrency investing has become in Russia being the\u00a0third-biggest<\/a>\u00a0Bitcoin miner in the world, as officials at the central bank push for a blanket ban on the local industry, while the government pursues a softer approach.((https:\/\/www.bloomberg.com\/news\/articles\/2022-02-01\/russia-values-local-crypto-market-at-200-billion-as-rules-near))\u00a0<\/p>\n","post_title":"Russians Own 12% Of The Worlds Cryptocurrencies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"russians-own-12-of-the-worlds-cryptocurrencies","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2023-04-30 21:39:59","post_modified_gmt":"2023-04-30 11:39:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3341,"post_author":"1","post_date":"2022-01-31 22:09:02","post_date_gmt":"2022-01-31 11:09:02","post_content":"\n

The Russian Government has started the development of a guide that will present limitations on cryptocurrencies.<\/p>\n\n\n\n

The roadmap presented by the Russian Government and approved by Deputy Chairman Dmitry Chernyshenko will work to ease the adoption of cryptocurrencies while halting financial instability. <\/p>\n\n\n\n

It will seek to provide a regulatory framework within the cryptocurrency markets having with an emphasis on violations and dangers within the industry.<\/p>\n\n\n\n

The roadmap goes against the recently proposed blanket ban on cryptocurrencies - as per the Russian Central Bank. Suggesting that crypto-related activities such as payments, exchange, and mining be banned, as it risks financial stability for the citizens of the nation.<\/p>\n\n\n\n

What Do Russia's Regulations Entail?<\/h2>\n\n\n\n

The National Bank, through this guide, advocates having an administrative and prohibitive system for cryptocurrencies. This change of position comes after Putin demanded showing up at an agreement in regards to this.<\/p>\n\n\n\n

Putin has recognized that, although cryptocurrencies convey a specific measure of hazard coming from its volatility, digital currency mining guarantees a ton of upper hand to the country.<\/p>\n\n\n\n

Since Russia enjoys the benefit of having the option to give cheap power, it will remain the third-biggest country for crypto mining.<\/p>\n\n\n\n

\"Regulation will only provide the transparency that will ensure the protection of citizens.\"<\/strong><\/em><\/p>Ivan Chebeskov, Head Of The Financial Policy Department<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"Will Russia Ban Bitcoin? Likely Not; Here's Why...","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russia-ban-bitcoin-likely-not-heres-why","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:24","post_modified_gmt":"2023-04-11 02:56:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Ontario Superior Court of Justice sent\u00a0Nunchuk<\/a>\u00a0a self-custodial\u00a0Bitcoin wallet\u00a0a\u00a0Mareva Injunction<\/a>, ordering it to freeze and disclose information about the assets involved in the Freedom Convoy 2022 campaign in an effort to derail the funds being sent in support of the truckers protesting Covid-19 restrictions.<\/p>\n\n\n\n

Nunchuck's official response reads that it is a \u201cself-custodial, collaborative multi-sig Bitcoin wallet\u201d and that it's a \u201csoftware provider, not a custodial financial intermediary.\u201d<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nunchuk_io\/status\/1494885897577271299?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1494885897577271299%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Fbitcoin-wallet-rejects-canadas-court-demand-to-freeze-funds-citing-technically-impossible%2F\n<\/div><\/figure>\n\n\n\n

Going Against Court Orders<\/h2>\n\n\n\n

Cryptocurrency is decentralized by nature, it has gained traction was to prevent things like this from happening. So far, it has held up against the legal system.<\/p>\n\n\n\n

Coinbase CEO, Brian Armstrong claimed it is \u201cconcerning to see stuff like this happening in any country, especially such an economically free place like Canada.\u201d<\/p>\n\n\n\n

After GoFundMe decided to not distribute $9 million raised<\/a> in support for the truckers, crypto quickly became the main way to donate to the cause. <\/p>\n","post_title":"Canadian Courts Demand To Freeze Funds Rejected By Crypto Wallet","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"canadian-courts-demand-to-freeze-funds-rejected-by-crypto-wallet","to_ping":"","pinged":"","post_modified":"2022-02-23 18:44:58","post_modified_gmt":"2022-02-23 07:44:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3561","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3453,"post_author":"1","post_date":"2022-02-12 17:06:40","post_date_gmt":"2022-02-12 06:06:40","post_content":"\n

Gy\u00f6rgy Matolcsy, the governor of the Central Bank of Hungary is supporting the proposed crypto ban by the Russian Central Bank, expressing his agreement with the proposal to ban trading and mining of cryptocurrencies.<\/p>\n\n\n\n

This comes after the recent news<\/a> that the Russian central bank was in support of banning the trading and mining of cryptocurrencies. Matolcsy stated<\/a> that \"it is clear-cut that cryptocurrencies could service illegal activities and tend to build up financial pyramids.\" <\/p>\n\n\n\n

He also added that the \"growth and market value of cryptocurrencies is defined primarily by speculative demand for future growth, which creates bubbles.\u201d Calling for unity within the EU, Matolcsy wants the EU to \"act together\" in order to preempt the building up of \"new financial pyramids and financial bubbles.\"<\/p>\n\n\n\n

It seems that he is in support of banning it from the EU, but not worldwide. \"EU citizens and companies would be allowed to own cryptocurrencies abroad and regulators will track their holdings.\" <\/p>\n\n\n\n

As Matolscy stated above, the growth and market value of cryptocurrencies is defined by speculative demand for future growth, is the support for the ban just a way to see if other countries can manage and regulate cryptocurrencies before he makes a decision on what to do, or is it another technology that isn't fully understood?<\/p>\n","post_title":"Hungarian Central Bank In Support Of Russian Crypto Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"hungarian-central-bank-in-support-of-russian-crypto-ban","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2022-02-12 17:07:44","post_modified_gmt":"2022-02-12 06:07:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3453","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3439,"post_author":"1","post_date":"2022-02-10 21:26:57","post_date_gmt":"2022-02-10 10:26:57","post_content":"\n

Russians own over $214 Billion worth, or 12% of the total value<\/a> of cryptocurrencies worldwide, according to a Bloomberg report<\/a>. <\/p>\n\n\n\n

The data coming from the Kremlin and government officials out of Moscow was articulated from analyzing the IP addresses of the most prominent exchange users out of the country along with various other data points, as stated by two officials from Kremlin.<\/p>\n\n\n\n

The data comes after the Russian government had decided to regulate<\/a> rather than ban cryptocurrencies. The analysis will help articulate an overview of the market to assist in their regulations and should be taken with a grain of salt because of the anonymous nature of cryptocurrencies in general.<\/p>\n\n\n\n

\u201cRussians really do have a lot of money in cryptocurrency, but it\u2019s hard to value the true amount...many people are using cash, derivative instruments, or have two passports and can open a crypto wallet in someone else\u2019s name.\u201d<\/em><\/strong><\/p>Alexander Filatov, Co-Founder and CEO of TON Labs<\/a><\/cite><\/blockquote>\n\n\n\n

The statistics offer a snapshot of how widespread cryptocurrency investing has become in Russia being the\u00a0third-biggest<\/a>\u00a0Bitcoin miner in the world, as officials at the central bank push for a blanket ban on the local industry, while the government pursues a softer approach.((https:\/\/www.bloomberg.com\/news\/articles\/2022-02-01\/russia-values-local-crypto-market-at-200-billion-as-rules-near))\u00a0<\/p>\n","post_title":"Russians Own 12% Of The Worlds Cryptocurrencies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"russians-own-12-of-the-worlds-cryptocurrencies","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2023-04-30 21:39:59","post_modified_gmt":"2023-04-30 11:39:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3341,"post_author":"1","post_date":"2022-01-31 22:09:02","post_date_gmt":"2022-01-31 11:09:02","post_content":"\n

The Russian Government has started the development of a guide that will present limitations on cryptocurrencies.<\/p>\n\n\n\n

The roadmap presented by the Russian Government and approved by Deputy Chairman Dmitry Chernyshenko will work to ease the adoption of cryptocurrencies while halting financial instability. <\/p>\n\n\n\n

It will seek to provide a regulatory framework within the cryptocurrency markets having with an emphasis on violations and dangers within the industry.<\/p>\n\n\n\n

The roadmap goes against the recently proposed blanket ban on cryptocurrencies - as per the Russian Central Bank. Suggesting that crypto-related activities such as payments, exchange, and mining be banned, as it risks financial stability for the citizens of the nation.<\/p>\n\n\n\n

What Do Russia's Regulations Entail?<\/h2>\n\n\n\n

The National Bank, through this guide, advocates having an administrative and prohibitive system for cryptocurrencies. This change of position comes after Putin demanded showing up at an agreement in regards to this.<\/p>\n\n\n\n

Putin has recognized that, although cryptocurrencies convey a specific measure of hazard coming from its volatility, digital currency mining guarantees a ton of upper hand to the country.<\/p>\n\n\n\n

Since Russia enjoys the benefit of having the option to give cheap power, it will remain the third-biggest country for crypto mining.<\/p>\n\n\n\n

\"Regulation will only provide the transparency that will ensure the protection of citizens.\"<\/strong><\/em><\/p>Ivan Chebeskov, Head Of The Financial Policy Department<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"Will Russia Ban Bitcoin? Likely Not; Here's Why...","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russia-ban-bitcoin-likely-not-heres-why","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:24","post_modified_gmt":"2023-04-11 02:56:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

\"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3561,"post_author":"1","post_date":"2022-02-23 18:44:52","post_date_gmt":"2022-02-23 07:44:52","post_content":"\n

Ontario Superior Court of Justice sent\u00a0Nunchuk<\/a>\u00a0a self-custodial\u00a0Bitcoin wallet\u00a0a\u00a0Mareva Injunction<\/a>, ordering it to freeze and disclose information about the assets involved in the Freedom Convoy 2022 campaign in an effort to derail the funds being sent in support of the truckers protesting Covid-19 restrictions.<\/p>\n\n\n\n

Nunchuck's official response reads that it is a \u201cself-custodial, collaborative multi-sig Bitcoin wallet\u201d and that it's a \u201csoftware provider, not a custodial financial intermediary.\u201d<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nunchuk_io\/status\/1494885897577271299?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1494885897577271299%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Fbitcoin-wallet-rejects-canadas-court-demand-to-freeze-funds-citing-technically-impossible%2F\n<\/div><\/figure>\n\n\n\n

Going Against Court Orders<\/h2>\n\n\n\n

Cryptocurrency is decentralized by nature, it has gained traction was to prevent things like this from happening. So far, it has held up against the legal system.<\/p>\n\n\n\n

Coinbase CEO, Brian Armstrong claimed it is \u201cconcerning to see stuff like this happening in any country, especially such an economically free place like Canada.\u201d<\/p>\n\n\n\n

After GoFundMe decided to not distribute $9 million raised<\/a> in support for the truckers, crypto quickly became the main way to donate to the cause. <\/p>\n","post_title":"Canadian Courts Demand To Freeze Funds Rejected By Crypto Wallet","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"canadian-courts-demand-to-freeze-funds-rejected-by-crypto-wallet","to_ping":"","pinged":"","post_modified":"2022-02-23 18:44:58","post_modified_gmt":"2022-02-23 07:44:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3561","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3453,"post_author":"1","post_date":"2022-02-12 17:06:40","post_date_gmt":"2022-02-12 06:06:40","post_content":"\n

Gy\u00f6rgy Matolcsy, the governor of the Central Bank of Hungary is supporting the proposed crypto ban by the Russian Central Bank, expressing his agreement with the proposal to ban trading and mining of cryptocurrencies.<\/p>\n\n\n\n

This comes after the recent news<\/a> that the Russian central bank was in support of banning the trading and mining of cryptocurrencies. Matolcsy stated<\/a> that \"it is clear-cut that cryptocurrencies could service illegal activities and tend to build up financial pyramids.\" <\/p>\n\n\n\n

He also added that the \"growth and market value of cryptocurrencies is defined primarily by speculative demand for future growth, which creates bubbles.\u201d Calling for unity within the EU, Matolcsy wants the EU to \"act together\" in order to preempt the building up of \"new financial pyramids and financial bubbles.\"<\/p>\n\n\n\n

It seems that he is in support of banning it from the EU, but not worldwide. \"EU citizens and companies would be allowed to own cryptocurrencies abroad and regulators will track their holdings.\" <\/p>\n\n\n\n

As Matolscy stated above, the growth and market value of cryptocurrencies is defined by speculative demand for future growth, is the support for the ban just a way to see if other countries can manage and regulate cryptocurrencies before he makes a decision on what to do, or is it another technology that isn't fully understood?<\/p>\n","post_title":"Hungarian Central Bank In Support Of Russian Crypto Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"hungarian-central-bank-in-support-of-russian-crypto-ban","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2022-02-12 17:07:44","post_modified_gmt":"2022-02-12 06:07:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3453","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3439,"post_author":"1","post_date":"2022-02-10 21:26:57","post_date_gmt":"2022-02-10 10:26:57","post_content":"\n

Russians own over $214 Billion worth, or 12% of the total value<\/a> of cryptocurrencies worldwide, according to a Bloomberg report<\/a>. <\/p>\n\n\n\n

The data coming from the Kremlin and government officials out of Moscow was articulated from analyzing the IP addresses of the most prominent exchange users out of the country along with various other data points, as stated by two officials from Kremlin.<\/p>\n\n\n\n

The data comes after the Russian government had decided to regulate<\/a> rather than ban cryptocurrencies. The analysis will help articulate an overview of the market to assist in their regulations and should be taken with a grain of salt because of the anonymous nature of cryptocurrencies in general.<\/p>\n\n\n\n

\u201cRussians really do have a lot of money in cryptocurrency, but it\u2019s hard to value the true amount...many people are using cash, derivative instruments, or have two passports and can open a crypto wallet in someone else\u2019s name.\u201d<\/em><\/strong><\/p>Alexander Filatov, Co-Founder and CEO of TON Labs<\/a><\/cite><\/blockquote>\n\n\n\n

The statistics offer a snapshot of how widespread cryptocurrency investing has become in Russia being the\u00a0third-biggest<\/a>\u00a0Bitcoin miner in the world, as officials at the central bank push for a blanket ban on the local industry, while the government pursues a softer approach.((https:\/\/www.bloomberg.com\/news\/articles\/2022-02-01\/russia-values-local-crypto-market-at-200-billion-as-rules-near))\u00a0<\/p>\n","post_title":"Russians Own 12% Of The Worlds Cryptocurrencies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"russians-own-12-of-the-worlds-cryptocurrencies","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2023-04-30 21:39:59","post_modified_gmt":"2023-04-30 11:39:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3341,"post_author":"1","post_date":"2022-01-31 22:09:02","post_date_gmt":"2022-01-31 11:09:02","post_content":"\n

The Russian Government has started the development of a guide that will present limitations on cryptocurrencies.<\/p>\n\n\n\n

The roadmap presented by the Russian Government and approved by Deputy Chairman Dmitry Chernyshenko will work to ease the adoption of cryptocurrencies while halting financial instability. <\/p>\n\n\n\n

It will seek to provide a regulatory framework within the cryptocurrency markets having with an emphasis on violations and dangers within the industry.<\/p>\n\n\n\n

The roadmap goes against the recently proposed blanket ban on cryptocurrencies - as per the Russian Central Bank. Suggesting that crypto-related activities such as payments, exchange, and mining be banned, as it risks financial stability for the citizens of the nation.<\/p>\n\n\n\n

What Do Russia's Regulations Entail?<\/h2>\n\n\n\n

The National Bank, through this guide, advocates having an administrative and prohibitive system for cryptocurrencies. This change of position comes after Putin demanded showing up at an agreement in regards to this.<\/p>\n\n\n\n

Putin has recognized that, although cryptocurrencies convey a specific measure of hazard coming from its volatility, digital currency mining guarantees a ton of upper hand to the country.<\/p>\n\n\n\n

Since Russia enjoys the benefit of having the option to give cheap power, it will remain the third-biggest country for crypto mining.<\/p>\n\n\n\n

\"Regulation will only provide the transparency that will ensure the protection of citizens.\"<\/strong><\/em><\/p>Ivan Chebeskov, Head Of The Financial Policy Department<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"Will Russia Ban Bitcoin? Likely Not; Here's Why...","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russia-ban-bitcoin-likely-not-heres-why","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:24","post_modified_gmt":"2023-04-11 02:56:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

\"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3561,"post_author":"1","post_date":"2022-02-23 18:44:52","post_date_gmt":"2022-02-23 07:44:52","post_content":"\n

Ontario Superior Court of Justice sent\u00a0Nunchuk<\/a>\u00a0a self-custodial\u00a0Bitcoin wallet\u00a0a\u00a0Mareva Injunction<\/a>, ordering it to freeze and disclose information about the assets involved in the Freedom Convoy 2022 campaign in an effort to derail the funds being sent in support of the truckers protesting Covid-19 restrictions.<\/p>\n\n\n\n

Nunchuck's official response reads that it is a \u201cself-custodial, collaborative multi-sig Bitcoin wallet\u201d and that it's a \u201csoftware provider, not a custodial financial intermediary.\u201d<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nunchuk_io\/status\/1494885897577271299?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1494885897577271299%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Fbitcoin-wallet-rejects-canadas-court-demand-to-freeze-funds-citing-technically-impossible%2F\n<\/div><\/figure>\n\n\n\n

Going Against Court Orders<\/h2>\n\n\n\n

Cryptocurrency is decentralized by nature, it has gained traction was to prevent things like this from happening. So far, it has held up against the legal system.<\/p>\n\n\n\n

Coinbase CEO, Brian Armstrong claimed it is \u201cconcerning to see stuff like this happening in any country, especially such an economically free place like Canada.\u201d<\/p>\n\n\n\n

After GoFundMe decided to not distribute $9 million raised<\/a> in support for the truckers, crypto quickly became the main way to donate to the cause. <\/p>\n","post_title":"Canadian Courts Demand To Freeze Funds Rejected By Crypto Wallet","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"canadian-courts-demand-to-freeze-funds-rejected-by-crypto-wallet","to_ping":"","pinged":"","post_modified":"2022-02-23 18:44:58","post_modified_gmt":"2022-02-23 07:44:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3561","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3453,"post_author":"1","post_date":"2022-02-12 17:06:40","post_date_gmt":"2022-02-12 06:06:40","post_content":"\n

Gy\u00f6rgy Matolcsy, the governor of the Central Bank of Hungary is supporting the proposed crypto ban by the Russian Central Bank, expressing his agreement with the proposal to ban trading and mining of cryptocurrencies.<\/p>\n\n\n\n

This comes after the recent news<\/a> that the Russian central bank was in support of banning the trading and mining of cryptocurrencies. Matolcsy stated<\/a> that \"it is clear-cut that cryptocurrencies could service illegal activities and tend to build up financial pyramids.\" <\/p>\n\n\n\n

He also added that the \"growth and market value of cryptocurrencies is defined primarily by speculative demand for future growth, which creates bubbles.\u201d Calling for unity within the EU, Matolcsy wants the EU to \"act together\" in order to preempt the building up of \"new financial pyramids and financial bubbles.\"<\/p>\n\n\n\n

It seems that he is in support of banning it from the EU, but not worldwide. \"EU citizens and companies would be allowed to own cryptocurrencies abroad and regulators will track their holdings.\" <\/p>\n\n\n\n

As Matolscy stated above, the growth and market value of cryptocurrencies is defined by speculative demand for future growth, is the support for the ban just a way to see if other countries can manage and regulate cryptocurrencies before he makes a decision on what to do, or is it another technology that isn't fully understood?<\/p>\n","post_title":"Hungarian Central Bank In Support Of Russian Crypto Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"hungarian-central-bank-in-support-of-russian-crypto-ban","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2022-02-12 17:07:44","post_modified_gmt":"2022-02-12 06:07:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3453","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3439,"post_author":"1","post_date":"2022-02-10 21:26:57","post_date_gmt":"2022-02-10 10:26:57","post_content":"\n

Russians own over $214 Billion worth, or 12% of the total value<\/a> of cryptocurrencies worldwide, according to a Bloomberg report<\/a>. <\/p>\n\n\n\n

The data coming from the Kremlin and government officials out of Moscow was articulated from analyzing the IP addresses of the most prominent exchange users out of the country along with various other data points, as stated by two officials from Kremlin.<\/p>\n\n\n\n

The data comes after the Russian government had decided to regulate<\/a> rather than ban cryptocurrencies. The analysis will help articulate an overview of the market to assist in their regulations and should be taken with a grain of salt because of the anonymous nature of cryptocurrencies in general.<\/p>\n\n\n\n

\u201cRussians really do have a lot of money in cryptocurrency, but it\u2019s hard to value the true amount...many people are using cash, derivative instruments, or have two passports and can open a crypto wallet in someone else\u2019s name.\u201d<\/em><\/strong><\/p>Alexander Filatov, Co-Founder and CEO of TON Labs<\/a><\/cite><\/blockquote>\n\n\n\n

The statistics offer a snapshot of how widespread cryptocurrency investing has become in Russia being the\u00a0third-biggest<\/a>\u00a0Bitcoin miner in the world, as officials at the central bank push for a blanket ban on the local industry, while the government pursues a softer approach.((https:\/\/www.bloomberg.com\/news\/articles\/2022-02-01\/russia-values-local-crypto-market-at-200-billion-as-rules-near))\u00a0<\/p>\n","post_title":"Russians Own 12% Of The Worlds Cryptocurrencies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"russians-own-12-of-the-worlds-cryptocurrencies","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2023-04-30 21:39:59","post_modified_gmt":"2023-04-30 11:39:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3341,"post_author":"1","post_date":"2022-01-31 22:09:02","post_date_gmt":"2022-01-31 11:09:02","post_content":"\n

The Russian Government has started the development of a guide that will present limitations on cryptocurrencies.<\/p>\n\n\n\n

The roadmap presented by the Russian Government and approved by Deputy Chairman Dmitry Chernyshenko will work to ease the adoption of cryptocurrencies while halting financial instability. <\/p>\n\n\n\n

It will seek to provide a regulatory framework within the cryptocurrency markets having with an emphasis on violations and dangers within the industry.<\/p>\n\n\n\n

The roadmap goes against the recently proposed blanket ban on cryptocurrencies - as per the Russian Central Bank. Suggesting that crypto-related activities such as payments, exchange, and mining be banned, as it risks financial stability for the citizens of the nation.<\/p>\n\n\n\n

What Do Russia's Regulations Entail?<\/h2>\n\n\n\n

The National Bank, through this guide, advocates having an administrative and prohibitive system for cryptocurrencies. This change of position comes after Putin demanded showing up at an agreement in regards to this.<\/p>\n\n\n\n

Putin has recognized that, although cryptocurrencies convey a specific measure of hazard coming from its volatility, digital currency mining guarantees a ton of upper hand to the country.<\/p>\n\n\n\n

Since Russia enjoys the benefit of having the option to give cheap power, it will remain the third-biggest country for crypto mining.<\/p>\n\n\n\n

\"Regulation will only provide the transparency that will ensure the protection of citizens.\"<\/strong><\/em><\/p>Ivan Chebeskov, Head Of The Financial Policy Department<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"Will Russia Ban Bitcoin? Likely Not; Here's Why...","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russia-ban-bitcoin-likely-not-heres-why","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:24","post_modified_gmt":"2023-04-11 02:56:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

\"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3561,"post_author":"1","post_date":"2022-02-23 18:44:52","post_date_gmt":"2022-02-23 07:44:52","post_content":"\n

Ontario Superior Court of Justice sent\u00a0Nunchuk<\/a>\u00a0a self-custodial\u00a0Bitcoin wallet\u00a0a\u00a0Mareva Injunction<\/a>, ordering it to freeze and disclose information about the assets involved in the Freedom Convoy 2022 campaign in an effort to derail the funds being sent in support of the truckers protesting Covid-19 restrictions.<\/p>\n\n\n\n

Nunchuck's official response reads that it is a \u201cself-custodial, collaborative multi-sig Bitcoin wallet\u201d and that it's a \u201csoftware provider, not a custodial financial intermediary.\u201d<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nunchuk_io\/status\/1494885897577271299?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1494885897577271299%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Fbitcoin-wallet-rejects-canadas-court-demand-to-freeze-funds-citing-technically-impossible%2F\n<\/div><\/figure>\n\n\n\n

Going Against Court Orders<\/h2>\n\n\n\n

Cryptocurrency is decentralized by nature, it has gained traction was to prevent things like this from happening. So far, it has held up against the legal system.<\/p>\n\n\n\n

Coinbase CEO, Brian Armstrong claimed it is \u201cconcerning to see stuff like this happening in any country, especially such an economically free place like Canada.\u201d<\/p>\n\n\n\n

After GoFundMe decided to not distribute $9 million raised<\/a> in support for the truckers, crypto quickly became the main way to donate to the cause. <\/p>\n","post_title":"Canadian Courts Demand To Freeze Funds Rejected By Crypto Wallet","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"canadian-courts-demand-to-freeze-funds-rejected-by-crypto-wallet","to_ping":"","pinged":"","post_modified":"2022-02-23 18:44:58","post_modified_gmt":"2022-02-23 07:44:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3561","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3453,"post_author":"1","post_date":"2022-02-12 17:06:40","post_date_gmt":"2022-02-12 06:06:40","post_content":"\n

Gy\u00f6rgy Matolcsy, the governor of the Central Bank of Hungary is supporting the proposed crypto ban by the Russian Central Bank, expressing his agreement with the proposal to ban trading and mining of cryptocurrencies.<\/p>\n\n\n\n

This comes after the recent news<\/a> that the Russian central bank was in support of banning the trading and mining of cryptocurrencies. Matolcsy stated<\/a> that \"it is clear-cut that cryptocurrencies could service illegal activities and tend to build up financial pyramids.\" <\/p>\n\n\n\n

He also added that the \"growth and market value of cryptocurrencies is defined primarily by speculative demand for future growth, which creates bubbles.\u201d Calling for unity within the EU, Matolcsy wants the EU to \"act together\" in order to preempt the building up of \"new financial pyramids and financial bubbles.\"<\/p>\n\n\n\n

It seems that he is in support of banning it from the EU, but not worldwide. \"EU citizens and companies would be allowed to own cryptocurrencies abroad and regulators will track their holdings.\" <\/p>\n\n\n\n

As Matolscy stated above, the growth and market value of cryptocurrencies is defined by speculative demand for future growth, is the support for the ban just a way to see if other countries can manage and regulate cryptocurrencies before he makes a decision on what to do, or is it another technology that isn't fully understood?<\/p>\n","post_title":"Hungarian Central Bank In Support Of Russian Crypto Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"hungarian-central-bank-in-support-of-russian-crypto-ban","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2022-02-12 17:07:44","post_modified_gmt":"2022-02-12 06:07:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3453","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3439,"post_author":"1","post_date":"2022-02-10 21:26:57","post_date_gmt":"2022-02-10 10:26:57","post_content":"\n

Russians own over $214 Billion worth, or 12% of the total value<\/a> of cryptocurrencies worldwide, according to a Bloomberg report<\/a>. <\/p>\n\n\n\n

The data coming from the Kremlin and government officials out of Moscow was articulated from analyzing the IP addresses of the most prominent exchange users out of the country along with various other data points, as stated by two officials from Kremlin.<\/p>\n\n\n\n

The data comes after the Russian government had decided to regulate<\/a> rather than ban cryptocurrencies. The analysis will help articulate an overview of the market to assist in their regulations and should be taken with a grain of salt because of the anonymous nature of cryptocurrencies in general.<\/p>\n\n\n\n

\u201cRussians really do have a lot of money in cryptocurrency, but it\u2019s hard to value the true amount...many people are using cash, derivative instruments, or have two passports and can open a crypto wallet in someone else\u2019s name.\u201d<\/em><\/strong><\/p>Alexander Filatov, Co-Founder and CEO of TON Labs<\/a><\/cite><\/blockquote>\n\n\n\n

The statistics offer a snapshot of how widespread cryptocurrency investing has become in Russia being the\u00a0third-biggest<\/a>\u00a0Bitcoin miner in the world, as officials at the central bank push for a blanket ban on the local industry, while the government pursues a softer approach.((https:\/\/www.bloomberg.com\/news\/articles\/2022-02-01\/russia-values-local-crypto-market-at-200-billion-as-rules-near))\u00a0<\/p>\n","post_title":"Russians Own 12% Of The Worlds Cryptocurrencies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"russians-own-12-of-the-worlds-cryptocurrencies","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2023-04-30 21:39:59","post_modified_gmt":"2023-04-30 11:39:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3341,"post_author":"1","post_date":"2022-01-31 22:09:02","post_date_gmt":"2022-01-31 11:09:02","post_content":"\n

The Russian Government has started the development of a guide that will present limitations on cryptocurrencies.<\/p>\n\n\n\n

The roadmap presented by the Russian Government and approved by Deputy Chairman Dmitry Chernyshenko will work to ease the adoption of cryptocurrencies while halting financial instability. <\/p>\n\n\n\n

It will seek to provide a regulatory framework within the cryptocurrency markets having with an emphasis on violations and dangers within the industry.<\/p>\n\n\n\n

The roadmap goes against the recently proposed blanket ban on cryptocurrencies - as per the Russian Central Bank. Suggesting that crypto-related activities such as payments, exchange, and mining be banned, as it risks financial stability for the citizens of the nation.<\/p>\n\n\n\n

What Do Russia's Regulations Entail?<\/h2>\n\n\n\n

The National Bank, through this guide, advocates having an administrative and prohibitive system for cryptocurrencies. This change of position comes after Putin demanded showing up at an agreement in regards to this.<\/p>\n\n\n\n

Putin has recognized that, although cryptocurrencies convey a specific measure of hazard coming from its volatility, digital currency mining guarantees a ton of upper hand to the country.<\/p>\n\n\n\n

Since Russia enjoys the benefit of having the option to give cheap power, it will remain the third-biggest country for crypto mining.<\/p>\n\n\n\n

\"Regulation will only provide the transparency that will ensure the protection of citizens.\"<\/strong><\/em><\/p>Ivan Chebeskov, Head Of The Financial Policy Department<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"Will Russia Ban Bitcoin? Likely Not; Here's Why...","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russia-ban-bitcoin-likely-not-heres-why","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:24","post_modified_gmt":"2023-04-11 02:56:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

\"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3561,"post_author":"1","post_date":"2022-02-23 18:44:52","post_date_gmt":"2022-02-23 07:44:52","post_content":"\n

Ontario Superior Court of Justice sent\u00a0Nunchuk<\/a>\u00a0a self-custodial\u00a0Bitcoin wallet\u00a0a\u00a0Mareva Injunction<\/a>, ordering it to freeze and disclose information about the assets involved in the Freedom Convoy 2022 campaign in an effort to derail the funds being sent in support of the truckers protesting Covid-19 restrictions.<\/p>\n\n\n\n

Nunchuck's official response reads that it is a \u201cself-custodial, collaborative multi-sig Bitcoin wallet\u201d and that it's a \u201csoftware provider, not a custodial financial intermediary.\u201d<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nunchuk_io\/status\/1494885897577271299?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1494885897577271299%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Fbitcoin-wallet-rejects-canadas-court-demand-to-freeze-funds-citing-technically-impossible%2F\n<\/div><\/figure>\n\n\n\n

Going Against Court Orders<\/h2>\n\n\n\n

Cryptocurrency is decentralized by nature, it has gained traction was to prevent things like this from happening. So far, it has held up against the legal system.<\/p>\n\n\n\n

Coinbase CEO, Brian Armstrong claimed it is \u201cconcerning to see stuff like this happening in any country, especially such an economically free place like Canada.\u201d<\/p>\n\n\n\n

After GoFundMe decided to not distribute $9 million raised<\/a> in support for the truckers, crypto quickly became the main way to donate to the cause. <\/p>\n","post_title":"Canadian Courts Demand To Freeze Funds Rejected By Crypto Wallet","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"canadian-courts-demand-to-freeze-funds-rejected-by-crypto-wallet","to_ping":"","pinged":"","post_modified":"2022-02-23 18:44:58","post_modified_gmt":"2022-02-23 07:44:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3561","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3453,"post_author":"1","post_date":"2022-02-12 17:06:40","post_date_gmt":"2022-02-12 06:06:40","post_content":"\n

Gy\u00f6rgy Matolcsy, the governor of the Central Bank of Hungary is supporting the proposed crypto ban by the Russian Central Bank, expressing his agreement with the proposal to ban trading and mining of cryptocurrencies.<\/p>\n\n\n\n

This comes after the recent news<\/a> that the Russian central bank was in support of banning the trading and mining of cryptocurrencies. Matolcsy stated<\/a> that \"it is clear-cut that cryptocurrencies could service illegal activities and tend to build up financial pyramids.\" <\/p>\n\n\n\n

He also added that the \"growth and market value of cryptocurrencies is defined primarily by speculative demand for future growth, which creates bubbles.\u201d Calling for unity within the EU, Matolcsy wants the EU to \"act together\" in order to preempt the building up of \"new financial pyramids and financial bubbles.\"<\/p>\n\n\n\n

It seems that he is in support of banning it from the EU, but not worldwide. \"EU citizens and companies would be allowed to own cryptocurrencies abroad and regulators will track their holdings.\" <\/p>\n\n\n\n

As Matolscy stated above, the growth and market value of cryptocurrencies is defined by speculative demand for future growth, is the support for the ban just a way to see if other countries can manage and regulate cryptocurrencies before he makes a decision on what to do, or is it another technology that isn't fully understood?<\/p>\n","post_title":"Hungarian Central Bank In Support Of Russian Crypto Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"hungarian-central-bank-in-support-of-russian-crypto-ban","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2022-02-12 17:07:44","post_modified_gmt":"2022-02-12 06:07:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3453","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3439,"post_author":"1","post_date":"2022-02-10 21:26:57","post_date_gmt":"2022-02-10 10:26:57","post_content":"\n

Russians own over $214 Billion worth, or 12% of the total value<\/a> of cryptocurrencies worldwide, according to a Bloomberg report<\/a>. <\/p>\n\n\n\n

The data coming from the Kremlin and government officials out of Moscow was articulated from analyzing the IP addresses of the most prominent exchange users out of the country along with various other data points, as stated by two officials from Kremlin.<\/p>\n\n\n\n

The data comes after the Russian government had decided to regulate<\/a> rather than ban cryptocurrencies. The analysis will help articulate an overview of the market to assist in their regulations and should be taken with a grain of salt because of the anonymous nature of cryptocurrencies in general.<\/p>\n\n\n\n

\u201cRussians really do have a lot of money in cryptocurrency, but it\u2019s hard to value the true amount...many people are using cash, derivative instruments, or have two passports and can open a crypto wallet in someone else\u2019s name.\u201d<\/em><\/strong><\/p>Alexander Filatov, Co-Founder and CEO of TON Labs<\/a><\/cite><\/blockquote>\n\n\n\n

The statistics offer a snapshot of how widespread cryptocurrency investing has become in Russia being the\u00a0third-biggest<\/a>\u00a0Bitcoin miner in the world, as officials at the central bank push for a blanket ban on the local industry, while the government pursues a softer approach.((https:\/\/www.bloomberg.com\/news\/articles\/2022-02-01\/russia-values-local-crypto-market-at-200-billion-as-rules-near))\u00a0<\/p>\n","post_title":"Russians Own 12% Of The Worlds Cryptocurrencies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"russians-own-12-of-the-worlds-cryptocurrencies","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2023-04-30 21:39:59","post_modified_gmt":"2023-04-30 11:39:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3341,"post_author":"1","post_date":"2022-01-31 22:09:02","post_date_gmt":"2022-01-31 11:09:02","post_content":"\n

The Russian Government has started the development of a guide that will present limitations on cryptocurrencies.<\/p>\n\n\n\n

The roadmap presented by the Russian Government and approved by Deputy Chairman Dmitry Chernyshenko will work to ease the adoption of cryptocurrencies while halting financial instability. <\/p>\n\n\n\n

It will seek to provide a regulatory framework within the cryptocurrency markets having with an emphasis on violations and dangers within the industry.<\/p>\n\n\n\n

The roadmap goes against the recently proposed blanket ban on cryptocurrencies - as per the Russian Central Bank. Suggesting that crypto-related activities such as payments, exchange, and mining be banned, as it risks financial stability for the citizens of the nation.<\/p>\n\n\n\n

What Do Russia's Regulations Entail?<\/h2>\n\n\n\n

The National Bank, through this guide, advocates having an administrative and prohibitive system for cryptocurrencies. This change of position comes after Putin demanded showing up at an agreement in regards to this.<\/p>\n\n\n\n

Putin has recognized that, although cryptocurrencies convey a specific measure of hazard coming from its volatility, digital currency mining guarantees a ton of upper hand to the country.<\/p>\n\n\n\n

Since Russia enjoys the benefit of having the option to give cheap power, it will remain the third-biggest country for crypto mining.<\/p>\n\n\n\n

\"Regulation will only provide the transparency that will ensure the protection of citizens.\"<\/strong><\/em><\/p>Ivan Chebeskov, Head Of The Financial Policy Department<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"Will Russia Ban Bitcoin? Likely Not; Here's Why...","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russia-ban-bitcoin-likely-not-heres-why","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:24","post_modified_gmt":"2023-04-11 02:56:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

\"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3561,"post_author":"1","post_date":"2022-02-23 18:44:52","post_date_gmt":"2022-02-23 07:44:52","post_content":"\n

Ontario Superior Court of Justice sent\u00a0Nunchuk<\/a>\u00a0a self-custodial\u00a0Bitcoin wallet\u00a0a\u00a0Mareva Injunction<\/a>, ordering it to freeze and disclose information about the assets involved in the Freedom Convoy 2022 campaign in an effort to derail the funds being sent in support of the truckers protesting Covid-19 restrictions.<\/p>\n\n\n\n

Nunchuck's official response reads that it is a \u201cself-custodial, collaborative multi-sig Bitcoin wallet\u201d and that it's a \u201csoftware provider, not a custodial financial intermediary.\u201d<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/nunchuk_io\/status\/1494885897577271299?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1494885897577271299%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Fbitcoin-wallet-rejects-canadas-court-demand-to-freeze-funds-citing-technically-impossible%2F\n<\/div><\/figure>\n\n\n\n

Going Against Court Orders<\/h2>\n\n\n\n

Cryptocurrency is decentralized by nature, it has gained traction was to prevent things like this from happening. So far, it has held up against the legal system.<\/p>\n\n\n\n

Coinbase CEO, Brian Armstrong claimed it is \u201cconcerning to see stuff like this happening in any country, especially such an economically free place like Canada.\u201d<\/p>\n\n\n\n

After GoFundMe decided to not distribute $9 million raised<\/a> in support for the truckers, crypto quickly became the main way to donate to the cause. <\/p>\n","post_title":"Canadian Courts Demand To Freeze Funds Rejected By Crypto Wallet","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"canadian-courts-demand-to-freeze-funds-rejected-by-crypto-wallet","to_ping":"","pinged":"","post_modified":"2022-02-23 18:44:58","post_modified_gmt":"2022-02-23 07:44:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3561","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3453,"post_author":"1","post_date":"2022-02-12 17:06:40","post_date_gmt":"2022-02-12 06:06:40","post_content":"\n

Gy\u00f6rgy Matolcsy, the governor of the Central Bank of Hungary is supporting the proposed crypto ban by the Russian Central Bank, expressing his agreement with the proposal to ban trading and mining of cryptocurrencies.<\/p>\n\n\n\n

This comes after the recent news<\/a> that the Russian central bank was in support of banning the trading and mining of cryptocurrencies. Matolcsy stated<\/a> that \"it is clear-cut that cryptocurrencies could service illegal activities and tend to build up financial pyramids.\" <\/p>\n\n\n\n

He also added that the \"growth and market value of cryptocurrencies is defined primarily by speculative demand for future growth, which creates bubbles.\u201d Calling for unity within the EU, Matolcsy wants the EU to \"act together\" in order to preempt the building up of \"new financial pyramids and financial bubbles.\"<\/p>\n\n\n\n

It seems that he is in support of banning it from the EU, but not worldwide. \"EU citizens and companies would be allowed to own cryptocurrencies abroad and regulators will track their holdings.\" <\/p>\n\n\n\n

As Matolscy stated above, the growth and market value of cryptocurrencies is defined by speculative demand for future growth, is the support for the ban just a way to see if other countries can manage and regulate cryptocurrencies before he makes a decision on what to do, or is it another technology that isn't fully understood?<\/p>\n","post_title":"Hungarian Central Bank In Support Of Russian Crypto Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"hungarian-central-bank-in-support-of-russian-crypto-ban","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2022-02-12 17:07:44","post_modified_gmt":"2022-02-12 06:07:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3453","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3439,"post_author":"1","post_date":"2022-02-10 21:26:57","post_date_gmt":"2022-02-10 10:26:57","post_content":"\n

Russians own over $214 Billion worth, or 12% of the total value<\/a> of cryptocurrencies worldwide, according to a Bloomberg report<\/a>. <\/p>\n\n\n\n

The data coming from the Kremlin and government officials out of Moscow was articulated from analyzing the IP addresses of the most prominent exchange users out of the country along with various other data points, as stated by two officials from Kremlin.<\/p>\n\n\n\n

The data comes after the Russian government had decided to regulate<\/a> rather than ban cryptocurrencies. The analysis will help articulate an overview of the market to assist in their regulations and should be taken with a grain of salt because of the anonymous nature of cryptocurrencies in general.<\/p>\n\n\n\n

\u201cRussians really do have a lot of money in cryptocurrency, but it\u2019s hard to value the true amount...many people are using cash, derivative instruments, or have two passports and can open a crypto wallet in someone else\u2019s name.\u201d<\/em><\/strong><\/p>Alexander Filatov, Co-Founder and CEO of TON Labs<\/a><\/cite><\/blockquote>\n\n\n\n

The statistics offer a snapshot of how widespread cryptocurrency investing has become in Russia being the\u00a0third-biggest<\/a>\u00a0Bitcoin miner in the world, as officials at the central bank push for a blanket ban on the local industry, while the government pursues a softer approach.((https:\/\/www.bloomberg.com\/news\/articles\/2022-02-01\/russia-values-local-crypto-market-at-200-billion-as-rules-near))\u00a0<\/p>\n","post_title":"Russians Own 12% Of The Worlds Cryptocurrencies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"russians-own-12-of-the-worlds-cryptocurrencies","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2023-04-30 21:39:59","post_modified_gmt":"2023-04-30 11:39:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3341,"post_author":"1","post_date":"2022-01-31 22:09:02","post_date_gmt":"2022-01-31 11:09:02","post_content":"\n

The Russian Government has started the development of a guide that will present limitations on cryptocurrencies.<\/p>\n\n\n\n

The roadmap presented by the Russian Government and approved by Deputy Chairman Dmitry Chernyshenko will work to ease the adoption of cryptocurrencies while halting financial instability. <\/p>\n\n\n\n

It will seek to provide a regulatory framework within the cryptocurrency markets having with an emphasis on violations and dangers within the industry.<\/p>\n\n\n\n

The roadmap goes against the recently proposed blanket ban on cryptocurrencies - as per the Russian Central Bank. Suggesting that crypto-related activities such as payments, exchange, and mining be banned, as it risks financial stability for the citizens of the nation.<\/p>\n\n\n\n

What Do Russia's Regulations Entail?<\/h2>\n\n\n\n

The National Bank, through this guide, advocates having an administrative and prohibitive system for cryptocurrencies. This change of position comes after Putin demanded showing up at an agreement in regards to this.<\/p>\n\n\n\n

Putin has recognized that, although cryptocurrencies convey a specific measure of hazard coming from its volatility, digital currency mining guarantees a ton of upper hand to the country.<\/p>\n\n\n\n

Since Russia enjoys the benefit of having the option to give cheap power, it will remain the third-biggest country for crypto mining.<\/p>\n\n\n\n

\"Regulation will only provide the transparency that will ensure the protection of citizens.\"<\/strong><\/em><\/p>Ivan Chebeskov, Head Of The Financial Policy Department<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"Will Russia Ban Bitcoin? Likely Not; Here's Why...","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russia-ban-bitcoin-likely-not-heres-why","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:24","post_modified_gmt":"2023-04-11 02:56:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n
  1. Build A Platform<\/li>
  2. Fostering Professionals<\/li>
  3. Fostering Specialised Companies<\/li>
  4. Creating A Reliable Extended Virtual World Enviroment<\/li><\/ol>\n\n\n\n

    With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

    Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

    Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

    Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

    \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3561,"post_author":"1","post_date":"2022-02-23 18:44:52","post_date_gmt":"2022-02-23 07:44:52","post_content":"\n

    Ontario Superior Court of Justice sent\u00a0Nunchuk<\/a>\u00a0a self-custodial\u00a0Bitcoin wallet\u00a0a\u00a0Mareva Injunction<\/a>, ordering it to freeze and disclose information about the assets involved in the Freedom Convoy 2022 campaign in an effort to derail the funds being sent in support of the truckers protesting Covid-19 restrictions.<\/p>\n\n\n\n

    Nunchuck's official response reads that it is a \u201cself-custodial, collaborative multi-sig Bitcoin wallet\u201d and that it's a \u201csoftware provider, not a custodial financial intermediary.\u201d<\/p>\n\n\n\n

    \nhttps:\/\/twitter.com\/nunchuk_io\/status\/1494885897577271299?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1494885897577271299%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Fbitcoin-wallet-rejects-canadas-court-demand-to-freeze-funds-citing-technically-impossible%2F\n<\/div><\/figure>\n\n\n\n

    Going Against Court Orders<\/h2>\n\n\n\n

    Cryptocurrency is decentralized by nature, it has gained traction was to prevent things like this from happening. So far, it has held up against the legal system.<\/p>\n\n\n\n

    Coinbase CEO, Brian Armstrong claimed it is \u201cconcerning to see stuff like this happening in any country, especially such an economically free place like Canada.\u201d<\/p>\n\n\n\n

    After GoFundMe decided to not distribute $9 million raised<\/a> in support for the truckers, crypto quickly became the main way to donate to the cause. <\/p>\n","post_title":"Canadian Courts Demand To Freeze Funds Rejected By Crypto Wallet","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"canadian-courts-demand-to-freeze-funds-rejected-by-crypto-wallet","to_ping":"","pinged":"","post_modified":"2022-02-23 18:44:58","post_modified_gmt":"2022-02-23 07:44:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3561","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3453,"post_author":"1","post_date":"2022-02-12 17:06:40","post_date_gmt":"2022-02-12 06:06:40","post_content":"\n

    Gy\u00f6rgy Matolcsy, the governor of the Central Bank of Hungary is supporting the proposed crypto ban by the Russian Central Bank, expressing his agreement with the proposal to ban trading and mining of cryptocurrencies.<\/p>\n\n\n\n

    This comes after the recent news<\/a> that the Russian central bank was in support of banning the trading and mining of cryptocurrencies. Matolcsy stated<\/a> that \"it is clear-cut that cryptocurrencies could service illegal activities and tend to build up financial pyramids.\" <\/p>\n\n\n\n

    He also added that the \"growth and market value of cryptocurrencies is defined primarily by speculative demand for future growth, which creates bubbles.\u201d Calling for unity within the EU, Matolcsy wants the EU to \"act together\" in order to preempt the building up of \"new financial pyramids and financial bubbles.\"<\/p>\n\n\n\n

    It seems that he is in support of banning it from the EU, but not worldwide. \"EU citizens and companies would be allowed to own cryptocurrencies abroad and regulators will track their holdings.\" <\/p>\n\n\n\n

    As Matolscy stated above, the growth and market value of cryptocurrencies is defined by speculative demand for future growth, is the support for the ban just a way to see if other countries can manage and regulate cryptocurrencies before he makes a decision on what to do, or is it another technology that isn't fully understood?<\/p>\n","post_title":"Hungarian Central Bank In Support Of Russian Crypto Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"hungarian-central-bank-in-support-of-russian-crypto-ban","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2022-02-12 17:07:44","post_modified_gmt":"2022-02-12 06:07:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3453","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3439,"post_author":"1","post_date":"2022-02-10 21:26:57","post_date_gmt":"2022-02-10 10:26:57","post_content":"\n

    Russians own over $214 Billion worth, or 12% of the total value<\/a> of cryptocurrencies worldwide, according to a Bloomberg report<\/a>. <\/p>\n\n\n\n

    The data coming from the Kremlin and government officials out of Moscow was articulated from analyzing the IP addresses of the most prominent exchange users out of the country along with various other data points, as stated by two officials from Kremlin.<\/p>\n\n\n\n

    The data comes after the Russian government had decided to regulate<\/a> rather than ban cryptocurrencies. The analysis will help articulate an overview of the market to assist in their regulations and should be taken with a grain of salt because of the anonymous nature of cryptocurrencies in general.<\/p>\n\n\n\n

    \u201cRussians really do have a lot of money in cryptocurrency, but it\u2019s hard to value the true amount...many people are using cash, derivative instruments, or have two passports and can open a crypto wallet in someone else\u2019s name.\u201d<\/em><\/strong><\/p>Alexander Filatov, Co-Founder and CEO of TON Labs<\/a><\/cite><\/blockquote>\n\n\n\n

    The statistics offer a snapshot of how widespread cryptocurrency investing has become in Russia being the\u00a0third-biggest<\/a>\u00a0Bitcoin miner in the world, as officials at the central bank push for a blanket ban on the local industry, while the government pursues a softer approach.((https:\/\/www.bloomberg.com\/news\/articles\/2022-02-01\/russia-values-local-crypto-market-at-200-billion-as-rules-near))\u00a0<\/p>\n","post_title":"Russians Own 12% Of The Worlds Cryptocurrencies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"russians-own-12-of-the-worlds-cryptocurrencies","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2023-04-30 21:39:59","post_modified_gmt":"2023-04-30 11:39:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3341,"post_author":"1","post_date":"2022-01-31 22:09:02","post_date_gmt":"2022-01-31 11:09:02","post_content":"\n

    The Russian Government has started the development of a guide that will present limitations on cryptocurrencies.<\/p>\n\n\n\n

    The roadmap presented by the Russian Government and approved by Deputy Chairman Dmitry Chernyshenko will work to ease the adoption of cryptocurrencies while halting financial instability. <\/p>\n\n\n\n

    It will seek to provide a regulatory framework within the cryptocurrency markets having with an emphasis on violations and dangers within the industry.<\/p>\n\n\n\n

    The roadmap goes against the recently proposed blanket ban on cryptocurrencies - as per the Russian Central Bank. Suggesting that crypto-related activities such as payments, exchange, and mining be banned, as it risks financial stability for the citizens of the nation.<\/p>\n\n\n\n

    What Do Russia's Regulations Entail?<\/h2>\n\n\n\n

    The National Bank, through this guide, advocates having an administrative and prohibitive system for cryptocurrencies. This change of position comes after Putin demanded showing up at an agreement in regards to this.<\/p>\n\n\n\n

    Putin has recognized that, although cryptocurrencies convey a specific measure of hazard coming from its volatility, digital currency mining guarantees a ton of upper hand to the country.<\/p>\n\n\n\n

    Since Russia enjoys the benefit of having the option to give cheap power, it will remain the third-biggest country for crypto mining.<\/p>\n\n\n\n

    \"Regulation will only provide the transparency that will ensure the protection of citizens.\"<\/strong><\/em><\/p>Ivan Chebeskov, Head Of The Financial Policy Department<\/cite><\/blockquote>\n\n\n\n

    <\/p>\n","post_title":"Will Russia Ban Bitcoin? Likely Not; Here's Why...","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russia-ban-bitcoin-likely-not-heres-why","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:24","post_modified_gmt":"2023-04-11 02:56:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

    Most Read

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    Twitter Instagram Youtube LinkedIn Facebook RSS
    ADVERTISEMENT
    \n

    The ministry's official statement <\/a>pledged to donate over $223B Korean Won (US$186.7M) in an attempt to complete 4 main objectives.<\/p>\n\n\n\n

    1. Build A Platform<\/li>
    2. Fostering Professionals<\/li>
    3. Fostering Specialised Companies<\/li>
    4. Creating A Reliable Extended Virtual World Enviroment<\/li><\/ol>\n\n\n\n

      With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

      Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

      Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

      Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

      \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3561,"post_author":"1","post_date":"2022-02-23 18:44:52","post_date_gmt":"2022-02-23 07:44:52","post_content":"\n

      Ontario Superior Court of Justice sent\u00a0Nunchuk<\/a>\u00a0a self-custodial\u00a0Bitcoin wallet\u00a0a\u00a0Mareva Injunction<\/a>, ordering it to freeze and disclose information about the assets involved in the Freedom Convoy 2022 campaign in an effort to derail the funds being sent in support of the truckers protesting Covid-19 restrictions.<\/p>\n\n\n\n

      Nunchuck's official response reads that it is a \u201cself-custodial, collaborative multi-sig Bitcoin wallet\u201d and that it's a \u201csoftware provider, not a custodial financial intermediary.\u201d<\/p>\n\n\n\n

      \nhttps:\/\/twitter.com\/nunchuk_io\/status\/1494885897577271299?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1494885897577271299%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Fbitcoin-wallet-rejects-canadas-court-demand-to-freeze-funds-citing-technically-impossible%2F\n<\/div><\/figure>\n\n\n\n

      Going Against Court Orders<\/h2>\n\n\n\n

      Cryptocurrency is decentralized by nature, it has gained traction was to prevent things like this from happening. So far, it has held up against the legal system.<\/p>\n\n\n\n

      Coinbase CEO, Brian Armstrong claimed it is \u201cconcerning to see stuff like this happening in any country, especially such an economically free place like Canada.\u201d<\/p>\n\n\n\n

      After GoFundMe decided to not distribute $9 million raised<\/a> in support for the truckers, crypto quickly became the main way to donate to the cause. <\/p>\n","post_title":"Canadian Courts Demand To Freeze Funds Rejected By Crypto Wallet","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"canadian-courts-demand-to-freeze-funds-rejected-by-crypto-wallet","to_ping":"","pinged":"","post_modified":"2022-02-23 18:44:58","post_modified_gmt":"2022-02-23 07:44:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3561","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3453,"post_author":"1","post_date":"2022-02-12 17:06:40","post_date_gmt":"2022-02-12 06:06:40","post_content":"\n

      Gy\u00f6rgy Matolcsy, the governor of the Central Bank of Hungary is supporting the proposed crypto ban by the Russian Central Bank, expressing his agreement with the proposal to ban trading and mining of cryptocurrencies.<\/p>\n\n\n\n

      This comes after the recent news<\/a> that the Russian central bank was in support of banning the trading and mining of cryptocurrencies. Matolcsy stated<\/a> that \"it is clear-cut that cryptocurrencies could service illegal activities and tend to build up financial pyramids.\" <\/p>\n\n\n\n

      He also added that the \"growth and market value of cryptocurrencies is defined primarily by speculative demand for future growth, which creates bubbles.\u201d Calling for unity within the EU, Matolcsy wants the EU to \"act together\" in order to preempt the building up of \"new financial pyramids and financial bubbles.\"<\/p>\n\n\n\n

      It seems that he is in support of banning it from the EU, but not worldwide. \"EU citizens and companies would be allowed to own cryptocurrencies abroad and regulators will track their holdings.\" <\/p>\n\n\n\n

      As Matolscy stated above, the growth and market value of cryptocurrencies is defined by speculative demand for future growth, is the support for the ban just a way to see if other countries can manage and regulate cryptocurrencies before he makes a decision on what to do, or is it another technology that isn't fully understood?<\/p>\n","post_title":"Hungarian Central Bank In Support Of Russian Crypto Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"hungarian-central-bank-in-support-of-russian-crypto-ban","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2022-02-12 17:07:44","post_modified_gmt":"2022-02-12 06:07:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3453","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3439,"post_author":"1","post_date":"2022-02-10 21:26:57","post_date_gmt":"2022-02-10 10:26:57","post_content":"\n

      Russians own over $214 Billion worth, or 12% of the total value<\/a> of cryptocurrencies worldwide, according to a Bloomberg report<\/a>. <\/p>\n\n\n\n

      The data coming from the Kremlin and government officials out of Moscow was articulated from analyzing the IP addresses of the most prominent exchange users out of the country along with various other data points, as stated by two officials from Kremlin.<\/p>\n\n\n\n

      The data comes after the Russian government had decided to regulate<\/a> rather than ban cryptocurrencies. The analysis will help articulate an overview of the market to assist in their regulations and should be taken with a grain of salt because of the anonymous nature of cryptocurrencies in general.<\/p>\n\n\n\n

      \u201cRussians really do have a lot of money in cryptocurrency, but it\u2019s hard to value the true amount...many people are using cash, derivative instruments, or have two passports and can open a crypto wallet in someone else\u2019s name.\u201d<\/em><\/strong><\/p>Alexander Filatov, Co-Founder and CEO of TON Labs<\/a><\/cite><\/blockquote>\n\n\n\n

      The statistics offer a snapshot of how widespread cryptocurrency investing has become in Russia being the\u00a0third-biggest<\/a>\u00a0Bitcoin miner in the world, as officials at the central bank push for a blanket ban on the local industry, while the government pursues a softer approach.((https:\/\/www.bloomberg.com\/news\/articles\/2022-02-01\/russia-values-local-crypto-market-at-200-billion-as-rules-near))\u00a0<\/p>\n","post_title":"Russians Own 12% Of The Worlds Cryptocurrencies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"russians-own-12-of-the-worlds-cryptocurrencies","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2023-04-30 21:39:59","post_modified_gmt":"2023-04-30 11:39:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3341,"post_author":"1","post_date":"2022-01-31 22:09:02","post_date_gmt":"2022-01-31 11:09:02","post_content":"\n

      The Russian Government has started the development of a guide that will present limitations on cryptocurrencies.<\/p>\n\n\n\n

      The roadmap presented by the Russian Government and approved by Deputy Chairman Dmitry Chernyshenko will work to ease the adoption of cryptocurrencies while halting financial instability. <\/p>\n\n\n\n

      It will seek to provide a regulatory framework within the cryptocurrency markets having with an emphasis on violations and dangers within the industry.<\/p>\n\n\n\n

      The roadmap goes against the recently proposed blanket ban on cryptocurrencies - as per the Russian Central Bank. Suggesting that crypto-related activities such as payments, exchange, and mining be banned, as it risks financial stability for the citizens of the nation.<\/p>\n\n\n\n

      What Do Russia's Regulations Entail?<\/h2>\n\n\n\n

      The National Bank, through this guide, advocates having an administrative and prohibitive system for cryptocurrencies. This change of position comes after Putin demanded showing up at an agreement in regards to this.<\/p>\n\n\n\n

      Putin has recognized that, although cryptocurrencies convey a specific measure of hazard coming from its volatility, digital currency mining guarantees a ton of upper hand to the country.<\/p>\n\n\n\n

      Since Russia enjoys the benefit of having the option to give cheap power, it will remain the third-biggest country for crypto mining.<\/p>\n\n\n\n

      \"Regulation will only provide the transparency that will ensure the protection of citizens.\"<\/strong><\/em><\/p>Ivan Chebeskov, Head Of The Financial Policy Department<\/cite><\/blockquote>\n\n\n\n

      <\/p>\n","post_title":"Will Russia Ban Bitcoin? Likely Not; Here's Why...","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russia-ban-bitcoin-likely-not-heres-why","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:24","post_modified_gmt":"2023-04-11 02:56:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

      Most Read

      Subscribe To Our Newsletter

      By subscribing, you agree with our privacy and terms.

      Follow The Distributed

      Twitter Instagram Youtube LinkedIn Facebook RSS
      ADVERTISEMENT
      \n

      South Korean Ministry of Science and ICT are in \"fully-fledged support\" for the creation of an Extended Virtual World <\/em>ecosystem.<\/p>\n\n\n\n

      The ministry's official statement <\/a>pledged to donate over $223B Korean Won (US$186.7M) in an attempt to complete 4 main objectives.<\/p>\n\n\n\n

      1. Build A Platform<\/li>
      2. Fostering Professionals<\/li>
      3. Fostering Specialised Companies<\/li>
      4. Creating A Reliable Extended Virtual World Enviroment<\/li><\/ol>\n\n\n\n

        With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

        Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

        Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

        Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

        \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3561,"post_author":"1","post_date":"2022-02-23 18:44:52","post_date_gmt":"2022-02-23 07:44:52","post_content":"\n

        Ontario Superior Court of Justice sent\u00a0Nunchuk<\/a>\u00a0a self-custodial\u00a0Bitcoin wallet\u00a0a\u00a0Mareva Injunction<\/a>, ordering it to freeze and disclose information about the assets involved in the Freedom Convoy 2022 campaign in an effort to derail the funds being sent in support of the truckers protesting Covid-19 restrictions.<\/p>\n\n\n\n

        Nunchuck's official response reads that it is a \u201cself-custodial, collaborative multi-sig Bitcoin wallet\u201d and that it's a \u201csoftware provider, not a custodial financial intermediary.\u201d<\/p>\n\n\n\n

        \nhttps:\/\/twitter.com\/nunchuk_io\/status\/1494885897577271299?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1494885897577271299%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Fbitcoin-wallet-rejects-canadas-court-demand-to-freeze-funds-citing-technically-impossible%2F\n<\/div><\/figure>\n\n\n\n

        Going Against Court Orders<\/h2>\n\n\n\n

        Cryptocurrency is decentralized by nature, it has gained traction was to prevent things like this from happening. So far, it has held up against the legal system.<\/p>\n\n\n\n

        Coinbase CEO, Brian Armstrong claimed it is \u201cconcerning to see stuff like this happening in any country, especially such an economically free place like Canada.\u201d<\/p>\n\n\n\n

        After GoFundMe decided to not distribute $9 million raised<\/a> in support for the truckers, crypto quickly became the main way to donate to the cause. <\/p>\n","post_title":"Canadian Courts Demand To Freeze Funds Rejected By Crypto Wallet","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"canadian-courts-demand-to-freeze-funds-rejected-by-crypto-wallet","to_ping":"","pinged":"","post_modified":"2022-02-23 18:44:58","post_modified_gmt":"2022-02-23 07:44:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3561","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3453,"post_author":"1","post_date":"2022-02-12 17:06:40","post_date_gmt":"2022-02-12 06:06:40","post_content":"\n

        Gy\u00f6rgy Matolcsy, the governor of the Central Bank of Hungary is supporting the proposed crypto ban by the Russian Central Bank, expressing his agreement with the proposal to ban trading and mining of cryptocurrencies.<\/p>\n\n\n\n

        This comes after the recent news<\/a> that the Russian central bank was in support of banning the trading and mining of cryptocurrencies. Matolcsy stated<\/a> that \"it is clear-cut that cryptocurrencies could service illegal activities and tend to build up financial pyramids.\" <\/p>\n\n\n\n

        He also added that the \"growth and market value of cryptocurrencies is defined primarily by speculative demand for future growth, which creates bubbles.\u201d Calling for unity within the EU, Matolcsy wants the EU to \"act together\" in order to preempt the building up of \"new financial pyramids and financial bubbles.\"<\/p>\n\n\n\n

        It seems that he is in support of banning it from the EU, but not worldwide. \"EU citizens and companies would be allowed to own cryptocurrencies abroad and regulators will track their holdings.\" <\/p>\n\n\n\n

        As Matolscy stated above, the growth and market value of cryptocurrencies is defined by speculative demand for future growth, is the support for the ban just a way to see if other countries can manage and regulate cryptocurrencies before he makes a decision on what to do, or is it another technology that isn't fully understood?<\/p>\n","post_title":"Hungarian Central Bank In Support Of Russian Crypto Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"hungarian-central-bank-in-support-of-russian-crypto-ban","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2022-02-12 17:07:44","post_modified_gmt":"2022-02-12 06:07:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3453","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3439,"post_author":"1","post_date":"2022-02-10 21:26:57","post_date_gmt":"2022-02-10 10:26:57","post_content":"\n

        Russians own over $214 Billion worth, or 12% of the total value<\/a> of cryptocurrencies worldwide, according to a Bloomberg report<\/a>. <\/p>\n\n\n\n

        The data coming from the Kremlin and government officials out of Moscow was articulated from analyzing the IP addresses of the most prominent exchange users out of the country along with various other data points, as stated by two officials from Kremlin.<\/p>\n\n\n\n

        The data comes after the Russian government had decided to regulate<\/a> rather than ban cryptocurrencies. The analysis will help articulate an overview of the market to assist in their regulations and should be taken with a grain of salt because of the anonymous nature of cryptocurrencies in general.<\/p>\n\n\n\n

        \u201cRussians really do have a lot of money in cryptocurrency, but it\u2019s hard to value the true amount...many people are using cash, derivative instruments, or have two passports and can open a crypto wallet in someone else\u2019s name.\u201d<\/em><\/strong><\/p>Alexander Filatov, Co-Founder and CEO of TON Labs<\/a><\/cite><\/blockquote>\n\n\n\n

        The statistics offer a snapshot of how widespread cryptocurrency investing has become in Russia being the\u00a0third-biggest<\/a>\u00a0Bitcoin miner in the world, as officials at the central bank push for a blanket ban on the local industry, while the government pursues a softer approach.((https:\/\/www.bloomberg.com\/news\/articles\/2022-02-01\/russia-values-local-crypto-market-at-200-billion-as-rules-near))\u00a0<\/p>\n","post_title":"Russians Own 12% Of The Worlds Cryptocurrencies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"russians-own-12-of-the-worlds-cryptocurrencies","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2023-04-30 21:39:59","post_modified_gmt":"2023-04-30 11:39:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3341,"post_author":"1","post_date":"2022-01-31 22:09:02","post_date_gmt":"2022-01-31 11:09:02","post_content":"\n

        The Russian Government has started the development of a guide that will present limitations on cryptocurrencies.<\/p>\n\n\n\n

        The roadmap presented by the Russian Government and approved by Deputy Chairman Dmitry Chernyshenko will work to ease the adoption of cryptocurrencies while halting financial instability. <\/p>\n\n\n\n

        It will seek to provide a regulatory framework within the cryptocurrency markets having with an emphasis on violations and dangers within the industry.<\/p>\n\n\n\n

        The roadmap goes against the recently proposed blanket ban on cryptocurrencies - as per the Russian Central Bank. Suggesting that crypto-related activities such as payments, exchange, and mining be banned, as it risks financial stability for the citizens of the nation.<\/p>\n\n\n\n

        What Do Russia's Regulations Entail?<\/h2>\n\n\n\n

        The National Bank, through this guide, advocates having an administrative and prohibitive system for cryptocurrencies. This change of position comes after Putin demanded showing up at an agreement in regards to this.<\/p>\n\n\n\n

        Putin has recognized that, although cryptocurrencies convey a specific measure of hazard coming from its volatility, digital currency mining guarantees a ton of upper hand to the country.<\/p>\n\n\n\n

        Since Russia enjoys the benefit of having the option to give cheap power, it will remain the third-biggest country for crypto mining.<\/p>\n\n\n\n

        \"Regulation will only provide the transparency that will ensure the protection of citizens.\"<\/strong><\/em><\/p>Ivan Chebeskov, Head Of The Financial Policy Department<\/cite><\/blockquote>\n\n\n\n

        <\/p>\n","post_title":"Will Russia Ban Bitcoin? Likely Not; Here's Why...","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russia-ban-bitcoin-likely-not-heres-why","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:24","post_modified_gmt":"2023-04-11 02:56:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

        Most Read

        Subscribe To Our Newsletter

        By subscribing, you agree with our privacy and terms.

        Follow The Distributed

        Twitter Instagram Youtube LinkedIn Facebook RSS
        ADVERTISEMENT
        \n

        <\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3646,"post_author":"1","post_date":"2022-02-28 19:09:26","post_date_gmt":"2022-02-28 08:09:26","post_content":"\n

        South Korean Ministry of Science and ICT are in \"fully-fledged support\" for the creation of an Extended Virtual World <\/em>ecosystem.<\/p>\n\n\n\n

        The ministry's official statement <\/a>pledged to donate over $223B Korean Won (US$186.7M) in an attempt to complete 4 main objectives.<\/p>\n\n\n\n

        1. Build A Platform<\/li>
        2. Fostering Professionals<\/li>
        3. Fostering Specialised Companies<\/li>
        4. Creating A Reliable Extended Virtual World Enviroment<\/li><\/ol>\n\n\n\n

          With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

          Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

          Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

          Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

          \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3561,"post_author":"1","post_date":"2022-02-23 18:44:52","post_date_gmt":"2022-02-23 07:44:52","post_content":"\n

          Ontario Superior Court of Justice sent\u00a0Nunchuk<\/a>\u00a0a self-custodial\u00a0Bitcoin wallet\u00a0a\u00a0Mareva Injunction<\/a>, ordering it to freeze and disclose information about the assets involved in the Freedom Convoy 2022 campaign in an effort to derail the funds being sent in support of the truckers protesting Covid-19 restrictions.<\/p>\n\n\n\n

          Nunchuck's official response reads that it is a \u201cself-custodial, collaborative multi-sig Bitcoin wallet\u201d and that it's a \u201csoftware provider, not a custodial financial intermediary.\u201d<\/p>\n\n\n\n

          \nhttps:\/\/twitter.com\/nunchuk_io\/status\/1494885897577271299?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1494885897577271299%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Fbitcoin-wallet-rejects-canadas-court-demand-to-freeze-funds-citing-technically-impossible%2F\n<\/div><\/figure>\n\n\n\n

          Going Against Court Orders<\/h2>\n\n\n\n

          Cryptocurrency is decentralized by nature, it has gained traction was to prevent things like this from happening. So far, it has held up against the legal system.<\/p>\n\n\n\n

          Coinbase CEO, Brian Armstrong claimed it is \u201cconcerning to see stuff like this happening in any country, especially such an economically free place like Canada.\u201d<\/p>\n\n\n\n

          After GoFundMe decided to not distribute $9 million raised<\/a> in support for the truckers, crypto quickly became the main way to donate to the cause. <\/p>\n","post_title":"Canadian Courts Demand To Freeze Funds Rejected By Crypto Wallet","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"canadian-courts-demand-to-freeze-funds-rejected-by-crypto-wallet","to_ping":"","pinged":"","post_modified":"2022-02-23 18:44:58","post_modified_gmt":"2022-02-23 07:44:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3561","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3453,"post_author":"1","post_date":"2022-02-12 17:06:40","post_date_gmt":"2022-02-12 06:06:40","post_content":"\n

          Gy\u00f6rgy Matolcsy, the governor of the Central Bank of Hungary is supporting the proposed crypto ban by the Russian Central Bank, expressing his agreement with the proposal to ban trading and mining of cryptocurrencies.<\/p>\n\n\n\n

          This comes after the recent news<\/a> that the Russian central bank was in support of banning the trading and mining of cryptocurrencies. Matolcsy stated<\/a> that \"it is clear-cut that cryptocurrencies could service illegal activities and tend to build up financial pyramids.\" <\/p>\n\n\n\n

          He also added that the \"growth and market value of cryptocurrencies is defined primarily by speculative demand for future growth, which creates bubbles.\u201d Calling for unity within the EU, Matolcsy wants the EU to \"act together\" in order to preempt the building up of \"new financial pyramids and financial bubbles.\"<\/p>\n\n\n\n

          It seems that he is in support of banning it from the EU, but not worldwide. \"EU citizens and companies would be allowed to own cryptocurrencies abroad and regulators will track their holdings.\" <\/p>\n\n\n\n

          As Matolscy stated above, the growth and market value of cryptocurrencies is defined by speculative demand for future growth, is the support for the ban just a way to see if other countries can manage and regulate cryptocurrencies before he makes a decision on what to do, or is it another technology that isn't fully understood?<\/p>\n","post_title":"Hungarian Central Bank In Support Of Russian Crypto Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"hungarian-central-bank-in-support-of-russian-crypto-ban","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2022-02-12 17:07:44","post_modified_gmt":"2022-02-12 06:07:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3453","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3439,"post_author":"1","post_date":"2022-02-10 21:26:57","post_date_gmt":"2022-02-10 10:26:57","post_content":"\n

          Russians own over $214 Billion worth, or 12% of the total value<\/a> of cryptocurrencies worldwide, according to a Bloomberg report<\/a>. <\/p>\n\n\n\n

          The data coming from the Kremlin and government officials out of Moscow was articulated from analyzing the IP addresses of the most prominent exchange users out of the country along with various other data points, as stated by two officials from Kremlin.<\/p>\n\n\n\n

          The data comes after the Russian government had decided to regulate<\/a> rather than ban cryptocurrencies. The analysis will help articulate an overview of the market to assist in their regulations and should be taken with a grain of salt because of the anonymous nature of cryptocurrencies in general.<\/p>\n\n\n\n

          \u201cRussians really do have a lot of money in cryptocurrency, but it\u2019s hard to value the true amount...many people are using cash, derivative instruments, or have two passports and can open a crypto wallet in someone else\u2019s name.\u201d<\/em><\/strong><\/p>Alexander Filatov, Co-Founder and CEO of TON Labs<\/a><\/cite><\/blockquote>\n\n\n\n

          The statistics offer a snapshot of how widespread cryptocurrency investing has become in Russia being the\u00a0third-biggest<\/a>\u00a0Bitcoin miner in the world, as officials at the central bank push for a blanket ban on the local industry, while the government pursues a softer approach.((https:\/\/www.bloomberg.com\/news\/articles\/2022-02-01\/russia-values-local-crypto-market-at-200-billion-as-rules-near))\u00a0<\/p>\n","post_title":"Russians Own 12% Of The Worlds Cryptocurrencies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"russians-own-12-of-the-worlds-cryptocurrencies","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2023-04-30 21:39:59","post_modified_gmt":"2023-04-30 11:39:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3341,"post_author":"1","post_date":"2022-01-31 22:09:02","post_date_gmt":"2022-01-31 11:09:02","post_content":"\n

          The Russian Government has started the development of a guide that will present limitations on cryptocurrencies.<\/p>\n\n\n\n

          The roadmap presented by the Russian Government and approved by Deputy Chairman Dmitry Chernyshenko will work to ease the adoption of cryptocurrencies while halting financial instability. <\/p>\n\n\n\n

          It will seek to provide a regulatory framework within the cryptocurrency markets having with an emphasis on violations and dangers within the industry.<\/p>\n\n\n\n

          The roadmap goes against the recently proposed blanket ban on cryptocurrencies - as per the Russian Central Bank. Suggesting that crypto-related activities such as payments, exchange, and mining be banned, as it risks financial stability for the citizens of the nation.<\/p>\n\n\n\n

          What Do Russia's Regulations Entail?<\/h2>\n\n\n\n

          The National Bank, through this guide, advocates having an administrative and prohibitive system for cryptocurrencies. This change of position comes after Putin demanded showing up at an agreement in regards to this.<\/p>\n\n\n\n

          Putin has recognized that, although cryptocurrencies convey a specific measure of hazard coming from its volatility, digital currency mining guarantees a ton of upper hand to the country.<\/p>\n\n\n\n

          Since Russia enjoys the benefit of having the option to give cheap power, it will remain the third-biggest country for crypto mining.<\/p>\n\n\n\n

          \"Regulation will only provide the transparency that will ensure the protection of citizens.\"<\/strong><\/em><\/p>Ivan Chebeskov, Head Of The Financial Policy Department<\/cite><\/blockquote>\n\n\n\n

          <\/p>\n","post_title":"Will Russia Ban Bitcoin? Likely Not; Here's Why...","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russia-ban-bitcoin-likely-not-heres-why","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:24","post_modified_gmt":"2023-04-11 02:56:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

          Most Read

          Subscribe To Our Newsletter

          By subscribing, you agree with our privacy and terms.

          Follow The Distributed

          Twitter Instagram Youtube LinkedIn Facebook RSS
          ADVERTISEMENT
          \n

          \"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

          <\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3646,"post_author":"1","post_date":"2022-02-28 19:09:26","post_date_gmt":"2022-02-28 08:09:26","post_content":"\n

          South Korean Ministry of Science and ICT are in \"fully-fledged support\" for the creation of an Extended Virtual World <\/em>ecosystem.<\/p>\n\n\n\n

          The ministry's official statement <\/a>pledged to donate over $223B Korean Won (US$186.7M) in an attempt to complete 4 main objectives.<\/p>\n\n\n\n

          1. Build A Platform<\/li>
          2. Fostering Professionals<\/li>
          3. Fostering Specialised Companies<\/li>
          4. Creating A Reliable Extended Virtual World Enviroment<\/li><\/ol>\n\n\n\n

            With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

            Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

            Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

            Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

            \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3561,"post_author":"1","post_date":"2022-02-23 18:44:52","post_date_gmt":"2022-02-23 07:44:52","post_content":"\n

            Ontario Superior Court of Justice sent\u00a0Nunchuk<\/a>\u00a0a self-custodial\u00a0Bitcoin wallet\u00a0a\u00a0Mareva Injunction<\/a>, ordering it to freeze and disclose information about the assets involved in the Freedom Convoy 2022 campaign in an effort to derail the funds being sent in support of the truckers protesting Covid-19 restrictions.<\/p>\n\n\n\n

            Nunchuck's official response reads that it is a \u201cself-custodial, collaborative multi-sig Bitcoin wallet\u201d and that it's a \u201csoftware provider, not a custodial financial intermediary.\u201d<\/p>\n\n\n\n

            \nhttps:\/\/twitter.com\/nunchuk_io\/status\/1494885897577271299?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1494885897577271299%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Fbitcoin-wallet-rejects-canadas-court-demand-to-freeze-funds-citing-technically-impossible%2F\n<\/div><\/figure>\n\n\n\n

            Going Against Court Orders<\/h2>\n\n\n\n

            Cryptocurrency is decentralized by nature, it has gained traction was to prevent things like this from happening. So far, it has held up against the legal system.<\/p>\n\n\n\n

            Coinbase CEO, Brian Armstrong claimed it is \u201cconcerning to see stuff like this happening in any country, especially such an economically free place like Canada.\u201d<\/p>\n\n\n\n

            After GoFundMe decided to not distribute $9 million raised<\/a> in support for the truckers, crypto quickly became the main way to donate to the cause. <\/p>\n","post_title":"Canadian Courts Demand To Freeze Funds Rejected By Crypto Wallet","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"canadian-courts-demand-to-freeze-funds-rejected-by-crypto-wallet","to_ping":"","pinged":"","post_modified":"2022-02-23 18:44:58","post_modified_gmt":"2022-02-23 07:44:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3561","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3453,"post_author":"1","post_date":"2022-02-12 17:06:40","post_date_gmt":"2022-02-12 06:06:40","post_content":"\n

            Gy\u00f6rgy Matolcsy, the governor of the Central Bank of Hungary is supporting the proposed crypto ban by the Russian Central Bank, expressing his agreement with the proposal to ban trading and mining of cryptocurrencies.<\/p>\n\n\n\n

            This comes after the recent news<\/a> that the Russian central bank was in support of banning the trading and mining of cryptocurrencies. Matolcsy stated<\/a> that \"it is clear-cut that cryptocurrencies could service illegal activities and tend to build up financial pyramids.\" <\/p>\n\n\n\n

            He also added that the \"growth and market value of cryptocurrencies is defined primarily by speculative demand for future growth, which creates bubbles.\u201d Calling for unity within the EU, Matolcsy wants the EU to \"act together\" in order to preempt the building up of \"new financial pyramids and financial bubbles.\"<\/p>\n\n\n\n

            It seems that he is in support of banning it from the EU, but not worldwide. \"EU citizens and companies would be allowed to own cryptocurrencies abroad and regulators will track their holdings.\" <\/p>\n\n\n\n

            As Matolscy stated above, the growth and market value of cryptocurrencies is defined by speculative demand for future growth, is the support for the ban just a way to see if other countries can manage and regulate cryptocurrencies before he makes a decision on what to do, or is it another technology that isn't fully understood?<\/p>\n","post_title":"Hungarian Central Bank In Support Of Russian Crypto Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"hungarian-central-bank-in-support-of-russian-crypto-ban","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2022-02-12 17:07:44","post_modified_gmt":"2022-02-12 06:07:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3453","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3439,"post_author":"1","post_date":"2022-02-10 21:26:57","post_date_gmt":"2022-02-10 10:26:57","post_content":"\n

            Russians own over $214 Billion worth, or 12% of the total value<\/a> of cryptocurrencies worldwide, according to a Bloomberg report<\/a>. <\/p>\n\n\n\n

            The data coming from the Kremlin and government officials out of Moscow was articulated from analyzing the IP addresses of the most prominent exchange users out of the country along with various other data points, as stated by two officials from Kremlin.<\/p>\n\n\n\n

            The data comes after the Russian government had decided to regulate<\/a> rather than ban cryptocurrencies. The analysis will help articulate an overview of the market to assist in their regulations and should be taken with a grain of salt because of the anonymous nature of cryptocurrencies in general.<\/p>\n\n\n\n

            \u201cRussians really do have a lot of money in cryptocurrency, but it\u2019s hard to value the true amount...many people are using cash, derivative instruments, or have two passports and can open a crypto wallet in someone else\u2019s name.\u201d<\/em><\/strong><\/p>Alexander Filatov, Co-Founder and CEO of TON Labs<\/a><\/cite><\/blockquote>\n\n\n\n

            The statistics offer a snapshot of how widespread cryptocurrency investing has become in Russia being the\u00a0third-biggest<\/a>\u00a0Bitcoin miner in the world, as officials at the central bank push for a blanket ban on the local industry, while the government pursues a softer approach.((https:\/\/www.bloomberg.com\/news\/articles\/2022-02-01\/russia-values-local-crypto-market-at-200-billion-as-rules-near))\u00a0<\/p>\n","post_title":"Russians Own 12% Of The Worlds Cryptocurrencies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"russians-own-12-of-the-worlds-cryptocurrencies","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2023-04-30 21:39:59","post_modified_gmt":"2023-04-30 11:39:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3341,"post_author":"1","post_date":"2022-01-31 22:09:02","post_date_gmt":"2022-01-31 11:09:02","post_content":"\n

            The Russian Government has started the development of a guide that will present limitations on cryptocurrencies.<\/p>\n\n\n\n

            The roadmap presented by the Russian Government and approved by Deputy Chairman Dmitry Chernyshenko will work to ease the adoption of cryptocurrencies while halting financial instability. <\/p>\n\n\n\n

            It will seek to provide a regulatory framework within the cryptocurrency markets having with an emphasis on violations and dangers within the industry.<\/p>\n\n\n\n

            The roadmap goes against the recently proposed blanket ban on cryptocurrencies - as per the Russian Central Bank. Suggesting that crypto-related activities such as payments, exchange, and mining be banned, as it risks financial stability for the citizens of the nation.<\/p>\n\n\n\n

            What Do Russia's Regulations Entail?<\/h2>\n\n\n\n

            The National Bank, through this guide, advocates having an administrative and prohibitive system for cryptocurrencies. This change of position comes after Putin demanded showing up at an agreement in regards to this.<\/p>\n\n\n\n

            Putin has recognized that, although cryptocurrencies convey a specific measure of hazard coming from its volatility, digital currency mining guarantees a ton of upper hand to the country.<\/p>\n\n\n\n

            Since Russia enjoys the benefit of having the option to give cheap power, it will remain the third-biggest country for crypto mining.<\/p>\n\n\n\n

            \"Regulation will only provide the transparency that will ensure the protection of citizens.\"<\/strong><\/em><\/p>Ivan Chebeskov, Head Of The Financial Policy Department<\/cite><\/blockquote>\n\n\n\n

            <\/p>\n","post_title":"Will Russia Ban Bitcoin? Likely Not; Here's Why...","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russia-ban-bitcoin-likely-not-heres-why","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:24","post_modified_gmt":"2023-04-11 02:56:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

            Most Read

            Subscribe To Our Newsletter

            By subscribing, you agree with our privacy and terms.

            Follow The Distributed

            Twitter Instagram Youtube LinkedIn Facebook RSS
            ADVERTISEMENT
            \n

            This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

            \"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

            <\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3646,"post_author":"1","post_date":"2022-02-28 19:09:26","post_date_gmt":"2022-02-28 08:09:26","post_content":"\n

            South Korean Ministry of Science and ICT are in \"fully-fledged support\" for the creation of an Extended Virtual World <\/em>ecosystem.<\/p>\n\n\n\n

            The ministry's official statement <\/a>pledged to donate over $223B Korean Won (US$186.7M) in an attempt to complete 4 main objectives.<\/p>\n\n\n\n

            1. Build A Platform<\/li>
            2. Fostering Professionals<\/li>
            3. Fostering Specialised Companies<\/li>
            4. Creating A Reliable Extended Virtual World Enviroment<\/li><\/ol>\n\n\n\n

              With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

              Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

              Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

              Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

              \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3561,"post_author":"1","post_date":"2022-02-23 18:44:52","post_date_gmt":"2022-02-23 07:44:52","post_content":"\n

              Ontario Superior Court of Justice sent\u00a0Nunchuk<\/a>\u00a0a self-custodial\u00a0Bitcoin wallet\u00a0a\u00a0Mareva Injunction<\/a>, ordering it to freeze and disclose information about the assets involved in the Freedom Convoy 2022 campaign in an effort to derail the funds being sent in support of the truckers protesting Covid-19 restrictions.<\/p>\n\n\n\n

              Nunchuck's official response reads that it is a \u201cself-custodial, collaborative multi-sig Bitcoin wallet\u201d and that it's a \u201csoftware provider, not a custodial financial intermediary.\u201d<\/p>\n\n\n\n

              \nhttps:\/\/twitter.com\/nunchuk_io\/status\/1494885897577271299?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1494885897577271299%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Fbitcoin-wallet-rejects-canadas-court-demand-to-freeze-funds-citing-technically-impossible%2F\n<\/div><\/figure>\n\n\n\n

              Going Against Court Orders<\/h2>\n\n\n\n

              Cryptocurrency is decentralized by nature, it has gained traction was to prevent things like this from happening. So far, it has held up against the legal system.<\/p>\n\n\n\n

              Coinbase CEO, Brian Armstrong claimed it is \u201cconcerning to see stuff like this happening in any country, especially such an economically free place like Canada.\u201d<\/p>\n\n\n\n

              After GoFundMe decided to not distribute $9 million raised<\/a> in support for the truckers, crypto quickly became the main way to donate to the cause. <\/p>\n","post_title":"Canadian Courts Demand To Freeze Funds Rejected By Crypto Wallet","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"canadian-courts-demand-to-freeze-funds-rejected-by-crypto-wallet","to_ping":"","pinged":"","post_modified":"2022-02-23 18:44:58","post_modified_gmt":"2022-02-23 07:44:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3561","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3453,"post_author":"1","post_date":"2022-02-12 17:06:40","post_date_gmt":"2022-02-12 06:06:40","post_content":"\n

              Gy\u00f6rgy Matolcsy, the governor of the Central Bank of Hungary is supporting the proposed crypto ban by the Russian Central Bank, expressing his agreement with the proposal to ban trading and mining of cryptocurrencies.<\/p>\n\n\n\n

              This comes after the recent news<\/a> that the Russian central bank was in support of banning the trading and mining of cryptocurrencies. Matolcsy stated<\/a> that \"it is clear-cut that cryptocurrencies could service illegal activities and tend to build up financial pyramids.\" <\/p>\n\n\n\n

              He also added that the \"growth and market value of cryptocurrencies is defined primarily by speculative demand for future growth, which creates bubbles.\u201d Calling for unity within the EU, Matolcsy wants the EU to \"act together\" in order to preempt the building up of \"new financial pyramids and financial bubbles.\"<\/p>\n\n\n\n

              It seems that he is in support of banning it from the EU, but not worldwide. \"EU citizens and companies would be allowed to own cryptocurrencies abroad and regulators will track their holdings.\" <\/p>\n\n\n\n

              As Matolscy stated above, the growth and market value of cryptocurrencies is defined by speculative demand for future growth, is the support for the ban just a way to see if other countries can manage and regulate cryptocurrencies before he makes a decision on what to do, or is it another technology that isn't fully understood?<\/p>\n","post_title":"Hungarian Central Bank In Support Of Russian Crypto Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"hungarian-central-bank-in-support-of-russian-crypto-ban","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2022-02-12 17:07:44","post_modified_gmt":"2022-02-12 06:07:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3453","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3439,"post_author":"1","post_date":"2022-02-10 21:26:57","post_date_gmt":"2022-02-10 10:26:57","post_content":"\n

              Russians own over $214 Billion worth, or 12% of the total value<\/a> of cryptocurrencies worldwide, according to a Bloomberg report<\/a>. <\/p>\n\n\n\n

              The data coming from the Kremlin and government officials out of Moscow was articulated from analyzing the IP addresses of the most prominent exchange users out of the country along with various other data points, as stated by two officials from Kremlin.<\/p>\n\n\n\n

              The data comes after the Russian government had decided to regulate<\/a> rather than ban cryptocurrencies. The analysis will help articulate an overview of the market to assist in their regulations and should be taken with a grain of salt because of the anonymous nature of cryptocurrencies in general.<\/p>\n\n\n\n

              \u201cRussians really do have a lot of money in cryptocurrency, but it\u2019s hard to value the true amount...many people are using cash, derivative instruments, or have two passports and can open a crypto wallet in someone else\u2019s name.\u201d<\/em><\/strong><\/p>Alexander Filatov, Co-Founder and CEO of TON Labs<\/a><\/cite><\/blockquote>\n\n\n\n

              The statistics offer a snapshot of how widespread cryptocurrency investing has become in Russia being the\u00a0third-biggest<\/a>\u00a0Bitcoin miner in the world, as officials at the central bank push for a blanket ban on the local industry, while the government pursues a softer approach.((https:\/\/www.bloomberg.com\/news\/articles\/2022-02-01\/russia-values-local-crypto-market-at-200-billion-as-rules-near))\u00a0<\/p>\n","post_title":"Russians Own 12% Of The Worlds Cryptocurrencies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"russians-own-12-of-the-worlds-cryptocurrencies","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2023-04-30 21:39:59","post_modified_gmt":"2023-04-30 11:39:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3341,"post_author":"1","post_date":"2022-01-31 22:09:02","post_date_gmt":"2022-01-31 11:09:02","post_content":"\n

              The Russian Government has started the development of a guide that will present limitations on cryptocurrencies.<\/p>\n\n\n\n

              The roadmap presented by the Russian Government and approved by Deputy Chairman Dmitry Chernyshenko will work to ease the adoption of cryptocurrencies while halting financial instability. <\/p>\n\n\n\n

              It will seek to provide a regulatory framework within the cryptocurrency markets having with an emphasis on violations and dangers within the industry.<\/p>\n\n\n\n

              The roadmap goes against the recently proposed blanket ban on cryptocurrencies - as per the Russian Central Bank. Suggesting that crypto-related activities such as payments, exchange, and mining be banned, as it risks financial stability for the citizens of the nation.<\/p>\n\n\n\n

              What Do Russia's Regulations Entail?<\/h2>\n\n\n\n

              The National Bank, through this guide, advocates having an administrative and prohibitive system for cryptocurrencies. This change of position comes after Putin demanded showing up at an agreement in regards to this.<\/p>\n\n\n\n

              Putin has recognized that, although cryptocurrencies convey a specific measure of hazard coming from its volatility, digital currency mining guarantees a ton of upper hand to the country.<\/p>\n\n\n\n

              Since Russia enjoys the benefit of having the option to give cheap power, it will remain the third-biggest country for crypto mining.<\/p>\n\n\n\n

              \"Regulation will only provide the transparency that will ensure the protection of citizens.\"<\/strong><\/em><\/p>Ivan Chebeskov, Head Of The Financial Policy Department<\/cite><\/blockquote>\n\n\n\n

              <\/p>\n","post_title":"Will Russia Ban Bitcoin? Likely Not; Here's Why...","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russia-ban-bitcoin-likely-not-heres-why","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:24","post_modified_gmt":"2023-04-11 02:56:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

              Most Read

              Subscribe To Our Newsletter

              By subscribing, you agree with our privacy and terms.

              Follow The Distributed

              Twitter Instagram Youtube LinkedIn Facebook RSS
              ADVERTISEMENT
              \n
              \nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

              This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

              \"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

              <\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3646,"post_author":"1","post_date":"2022-02-28 19:09:26","post_date_gmt":"2022-02-28 08:09:26","post_content":"\n

              South Korean Ministry of Science and ICT are in \"fully-fledged support\" for the creation of an Extended Virtual World <\/em>ecosystem.<\/p>\n\n\n\n

              The ministry's official statement <\/a>pledged to donate over $223B Korean Won (US$186.7M) in an attempt to complete 4 main objectives.<\/p>\n\n\n\n

              1. Build A Platform<\/li>
              2. Fostering Professionals<\/li>
              3. Fostering Specialised Companies<\/li>
              4. Creating A Reliable Extended Virtual World Enviroment<\/li><\/ol>\n\n\n\n

                With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

                Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

                Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

                Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

                \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3561,"post_author":"1","post_date":"2022-02-23 18:44:52","post_date_gmt":"2022-02-23 07:44:52","post_content":"\n

                Ontario Superior Court of Justice sent\u00a0Nunchuk<\/a>\u00a0a self-custodial\u00a0Bitcoin wallet\u00a0a\u00a0Mareva Injunction<\/a>, ordering it to freeze and disclose information about the assets involved in the Freedom Convoy 2022 campaign in an effort to derail the funds being sent in support of the truckers protesting Covid-19 restrictions.<\/p>\n\n\n\n

                Nunchuck's official response reads that it is a \u201cself-custodial, collaborative multi-sig Bitcoin wallet\u201d and that it's a \u201csoftware provider, not a custodial financial intermediary.\u201d<\/p>\n\n\n\n

                \nhttps:\/\/twitter.com\/nunchuk_io\/status\/1494885897577271299?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1494885897577271299%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Fbitcoin-wallet-rejects-canadas-court-demand-to-freeze-funds-citing-technically-impossible%2F\n<\/div><\/figure>\n\n\n\n

                Going Against Court Orders<\/h2>\n\n\n\n

                Cryptocurrency is decentralized by nature, it has gained traction was to prevent things like this from happening. So far, it has held up against the legal system.<\/p>\n\n\n\n

                Coinbase CEO, Brian Armstrong claimed it is \u201cconcerning to see stuff like this happening in any country, especially such an economically free place like Canada.\u201d<\/p>\n\n\n\n

                After GoFundMe decided to not distribute $9 million raised<\/a> in support for the truckers, crypto quickly became the main way to donate to the cause. <\/p>\n","post_title":"Canadian Courts Demand To Freeze Funds Rejected By Crypto Wallet","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"canadian-courts-demand-to-freeze-funds-rejected-by-crypto-wallet","to_ping":"","pinged":"","post_modified":"2022-02-23 18:44:58","post_modified_gmt":"2022-02-23 07:44:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3561","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3453,"post_author":"1","post_date":"2022-02-12 17:06:40","post_date_gmt":"2022-02-12 06:06:40","post_content":"\n

                Gy\u00f6rgy Matolcsy, the governor of the Central Bank of Hungary is supporting the proposed crypto ban by the Russian Central Bank, expressing his agreement with the proposal to ban trading and mining of cryptocurrencies.<\/p>\n\n\n\n

                This comes after the recent news<\/a> that the Russian central bank was in support of banning the trading and mining of cryptocurrencies. Matolcsy stated<\/a> that \"it is clear-cut that cryptocurrencies could service illegal activities and tend to build up financial pyramids.\" <\/p>\n\n\n\n

                He also added that the \"growth and market value of cryptocurrencies is defined primarily by speculative demand for future growth, which creates bubbles.\u201d Calling for unity within the EU, Matolcsy wants the EU to \"act together\" in order to preempt the building up of \"new financial pyramids and financial bubbles.\"<\/p>\n\n\n\n

                It seems that he is in support of banning it from the EU, but not worldwide. \"EU citizens and companies would be allowed to own cryptocurrencies abroad and regulators will track their holdings.\" <\/p>\n\n\n\n

                As Matolscy stated above, the growth and market value of cryptocurrencies is defined by speculative demand for future growth, is the support for the ban just a way to see if other countries can manage and regulate cryptocurrencies before he makes a decision on what to do, or is it another technology that isn't fully understood?<\/p>\n","post_title":"Hungarian Central Bank In Support Of Russian Crypto Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"hungarian-central-bank-in-support-of-russian-crypto-ban","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2022-02-12 17:07:44","post_modified_gmt":"2022-02-12 06:07:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3453","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3439,"post_author":"1","post_date":"2022-02-10 21:26:57","post_date_gmt":"2022-02-10 10:26:57","post_content":"\n

                Russians own over $214 Billion worth, or 12% of the total value<\/a> of cryptocurrencies worldwide, according to a Bloomberg report<\/a>. <\/p>\n\n\n\n

                The data coming from the Kremlin and government officials out of Moscow was articulated from analyzing the IP addresses of the most prominent exchange users out of the country along with various other data points, as stated by two officials from Kremlin.<\/p>\n\n\n\n

                The data comes after the Russian government had decided to regulate<\/a> rather than ban cryptocurrencies. The analysis will help articulate an overview of the market to assist in their regulations and should be taken with a grain of salt because of the anonymous nature of cryptocurrencies in general.<\/p>\n\n\n\n

                \u201cRussians really do have a lot of money in cryptocurrency, but it\u2019s hard to value the true amount...many people are using cash, derivative instruments, or have two passports and can open a crypto wallet in someone else\u2019s name.\u201d<\/em><\/strong><\/p>Alexander Filatov, Co-Founder and CEO of TON Labs<\/a><\/cite><\/blockquote>\n\n\n\n

                The statistics offer a snapshot of how widespread cryptocurrency investing has become in Russia being the\u00a0third-biggest<\/a>\u00a0Bitcoin miner in the world, as officials at the central bank push for a blanket ban on the local industry, while the government pursues a softer approach.((https:\/\/www.bloomberg.com\/news\/articles\/2022-02-01\/russia-values-local-crypto-market-at-200-billion-as-rules-near))\u00a0<\/p>\n","post_title":"Russians Own 12% Of The Worlds Cryptocurrencies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"russians-own-12-of-the-worlds-cryptocurrencies","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2023-04-30 21:39:59","post_modified_gmt":"2023-04-30 11:39:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3341,"post_author":"1","post_date":"2022-01-31 22:09:02","post_date_gmt":"2022-01-31 11:09:02","post_content":"\n

                The Russian Government has started the development of a guide that will present limitations on cryptocurrencies.<\/p>\n\n\n\n

                The roadmap presented by the Russian Government and approved by Deputy Chairman Dmitry Chernyshenko will work to ease the adoption of cryptocurrencies while halting financial instability. <\/p>\n\n\n\n

                It will seek to provide a regulatory framework within the cryptocurrency markets having with an emphasis on violations and dangers within the industry.<\/p>\n\n\n\n

                The roadmap goes against the recently proposed blanket ban on cryptocurrencies - as per the Russian Central Bank. Suggesting that crypto-related activities such as payments, exchange, and mining be banned, as it risks financial stability for the citizens of the nation.<\/p>\n\n\n\n

                What Do Russia's Regulations Entail?<\/h2>\n\n\n\n

                The National Bank, through this guide, advocates having an administrative and prohibitive system for cryptocurrencies. This change of position comes after Putin demanded showing up at an agreement in regards to this.<\/p>\n\n\n\n

                Putin has recognized that, although cryptocurrencies convey a specific measure of hazard coming from its volatility, digital currency mining guarantees a ton of upper hand to the country.<\/p>\n\n\n\n

                Since Russia enjoys the benefit of having the option to give cheap power, it will remain the third-biggest country for crypto mining.<\/p>\n\n\n\n

                \"Regulation will only provide the transparency that will ensure the protection of citizens.\"<\/strong><\/em><\/p>Ivan Chebeskov, Head Of The Financial Policy Department<\/cite><\/blockquote>\n\n\n\n

                <\/p>\n","post_title":"Will Russia Ban Bitcoin? Likely Not; Here's Why...","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russia-ban-bitcoin-likely-not-heres-why","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:24","post_modified_gmt":"2023-04-11 02:56:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

              Most Read

              Subscribe To Our Newsletter

              By subscribing, you agree with our privacy and terms.

              Follow The Distributed

              Twitter Instagram Youtube LinkedIn Facebook RSS
              ADVERTISEMENT
              \n

              Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

              \nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

              This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

              \"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

              <\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3646,"post_author":"1","post_date":"2022-02-28 19:09:26","post_date_gmt":"2022-02-28 08:09:26","post_content":"\n

              South Korean Ministry of Science and ICT are in \"fully-fledged support\" for the creation of an Extended Virtual World <\/em>ecosystem.<\/p>\n\n\n\n

              The ministry's official statement <\/a>pledged to donate over $223B Korean Won (US$186.7M) in an attempt to complete 4 main objectives.<\/p>\n\n\n\n

              1. Build A Platform<\/li>
              2. Fostering Professionals<\/li>
              3. Fostering Specialised Companies<\/li>
              4. Creating A Reliable Extended Virtual World Enviroment<\/li><\/ol>\n\n\n\n

                With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

                Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

                Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

                Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

                \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3561,"post_author":"1","post_date":"2022-02-23 18:44:52","post_date_gmt":"2022-02-23 07:44:52","post_content":"\n

                Ontario Superior Court of Justice sent\u00a0Nunchuk<\/a>\u00a0a self-custodial\u00a0Bitcoin wallet\u00a0a\u00a0Mareva Injunction<\/a>, ordering it to freeze and disclose information about the assets involved in the Freedom Convoy 2022 campaign in an effort to derail the funds being sent in support of the truckers protesting Covid-19 restrictions.<\/p>\n\n\n\n

                Nunchuck's official response reads that it is a \u201cself-custodial, collaborative multi-sig Bitcoin wallet\u201d and that it's a \u201csoftware provider, not a custodial financial intermediary.\u201d<\/p>\n\n\n\n

                \nhttps:\/\/twitter.com\/nunchuk_io\/status\/1494885897577271299?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1494885897577271299%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Fbitcoin-wallet-rejects-canadas-court-demand-to-freeze-funds-citing-technically-impossible%2F\n<\/div><\/figure>\n\n\n\n

                Going Against Court Orders<\/h2>\n\n\n\n

                Cryptocurrency is decentralized by nature, it has gained traction was to prevent things like this from happening. So far, it has held up against the legal system.<\/p>\n\n\n\n

                Coinbase CEO, Brian Armstrong claimed it is \u201cconcerning to see stuff like this happening in any country, especially such an economically free place like Canada.\u201d<\/p>\n\n\n\n

                After GoFundMe decided to not distribute $9 million raised<\/a> in support for the truckers, crypto quickly became the main way to donate to the cause. <\/p>\n","post_title":"Canadian Courts Demand To Freeze Funds Rejected By Crypto Wallet","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"canadian-courts-demand-to-freeze-funds-rejected-by-crypto-wallet","to_ping":"","pinged":"","post_modified":"2022-02-23 18:44:58","post_modified_gmt":"2022-02-23 07:44:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3561","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3453,"post_author":"1","post_date":"2022-02-12 17:06:40","post_date_gmt":"2022-02-12 06:06:40","post_content":"\n

                Gy\u00f6rgy Matolcsy, the governor of the Central Bank of Hungary is supporting the proposed crypto ban by the Russian Central Bank, expressing his agreement with the proposal to ban trading and mining of cryptocurrencies.<\/p>\n\n\n\n

                This comes after the recent news<\/a> that the Russian central bank was in support of banning the trading and mining of cryptocurrencies. Matolcsy stated<\/a> that \"it is clear-cut that cryptocurrencies could service illegal activities and tend to build up financial pyramids.\" <\/p>\n\n\n\n

                He also added that the \"growth and market value of cryptocurrencies is defined primarily by speculative demand for future growth, which creates bubbles.\u201d Calling for unity within the EU, Matolcsy wants the EU to \"act together\" in order to preempt the building up of \"new financial pyramids and financial bubbles.\"<\/p>\n\n\n\n

                It seems that he is in support of banning it from the EU, but not worldwide. \"EU citizens and companies would be allowed to own cryptocurrencies abroad and regulators will track their holdings.\" <\/p>\n\n\n\n

                As Matolscy stated above, the growth and market value of cryptocurrencies is defined by speculative demand for future growth, is the support for the ban just a way to see if other countries can manage and regulate cryptocurrencies before he makes a decision on what to do, or is it another technology that isn't fully understood?<\/p>\n","post_title":"Hungarian Central Bank In Support Of Russian Crypto Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"hungarian-central-bank-in-support-of-russian-crypto-ban","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2022-02-12 17:07:44","post_modified_gmt":"2022-02-12 06:07:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3453","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3439,"post_author":"1","post_date":"2022-02-10 21:26:57","post_date_gmt":"2022-02-10 10:26:57","post_content":"\n

                Russians own over $214 Billion worth, or 12% of the total value<\/a> of cryptocurrencies worldwide, according to a Bloomberg report<\/a>. <\/p>\n\n\n\n

                The data coming from the Kremlin and government officials out of Moscow was articulated from analyzing the IP addresses of the most prominent exchange users out of the country along with various other data points, as stated by two officials from Kremlin.<\/p>\n\n\n\n

                The data comes after the Russian government had decided to regulate<\/a> rather than ban cryptocurrencies. The analysis will help articulate an overview of the market to assist in their regulations and should be taken with a grain of salt because of the anonymous nature of cryptocurrencies in general.<\/p>\n\n\n\n

                \u201cRussians really do have a lot of money in cryptocurrency, but it\u2019s hard to value the true amount...many people are using cash, derivative instruments, or have two passports and can open a crypto wallet in someone else\u2019s name.\u201d<\/em><\/strong><\/p>Alexander Filatov, Co-Founder and CEO of TON Labs<\/a><\/cite><\/blockquote>\n\n\n\n

                The statistics offer a snapshot of how widespread cryptocurrency investing has become in Russia being the\u00a0third-biggest<\/a>\u00a0Bitcoin miner in the world, as officials at the central bank push for a blanket ban on the local industry, while the government pursues a softer approach.((https:\/\/www.bloomberg.com\/news\/articles\/2022-02-01\/russia-values-local-crypto-market-at-200-billion-as-rules-near))\u00a0<\/p>\n","post_title":"Russians Own 12% Of The Worlds Cryptocurrencies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"russians-own-12-of-the-worlds-cryptocurrencies","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2023-04-30 21:39:59","post_modified_gmt":"2023-04-30 11:39:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3341,"post_author":"1","post_date":"2022-01-31 22:09:02","post_date_gmt":"2022-01-31 11:09:02","post_content":"\n

                The Russian Government has started the development of a guide that will present limitations on cryptocurrencies.<\/p>\n\n\n\n

                The roadmap presented by the Russian Government and approved by Deputy Chairman Dmitry Chernyshenko will work to ease the adoption of cryptocurrencies while halting financial instability. <\/p>\n\n\n\n

                It will seek to provide a regulatory framework within the cryptocurrency markets having with an emphasis on violations and dangers within the industry.<\/p>\n\n\n\n

                The roadmap goes against the recently proposed blanket ban on cryptocurrencies - as per the Russian Central Bank. Suggesting that crypto-related activities such as payments, exchange, and mining be banned, as it risks financial stability for the citizens of the nation.<\/p>\n\n\n\n

                What Do Russia's Regulations Entail?<\/h2>\n\n\n\n

                The National Bank, through this guide, advocates having an administrative and prohibitive system for cryptocurrencies. This change of position comes after Putin demanded showing up at an agreement in regards to this.<\/p>\n\n\n\n

                Putin has recognized that, although cryptocurrencies convey a specific measure of hazard coming from its volatility, digital currency mining guarantees a ton of upper hand to the country.<\/p>\n\n\n\n

                Since Russia enjoys the benefit of having the option to give cheap power, it will remain the third-biggest country for crypto mining.<\/p>\n\n\n\n

                \"Regulation will only provide the transparency that will ensure the protection of citizens.\"<\/strong><\/em><\/p>Ivan Chebeskov, Head Of The Financial Policy Department<\/cite><\/blockquote>\n\n\n\n

                <\/p>\n","post_title":"Will Russia Ban Bitcoin? Likely Not; Here's Why...","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russia-ban-bitcoin-likely-not-heres-why","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:24","post_modified_gmt":"2023-04-11 02:56:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

              Most Read

              Subscribe To Our Newsletter

              By subscribing, you agree with our privacy and terms.

              Follow The Distributed

              Twitter Instagram Youtube LinkedIn Facebook RSS
              ADVERTISEMENT
              \n

              Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

              Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

              \nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

              This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

              \"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

              <\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3646,"post_author":"1","post_date":"2022-02-28 19:09:26","post_date_gmt":"2022-02-28 08:09:26","post_content":"\n

              South Korean Ministry of Science and ICT are in \"fully-fledged support\" for the creation of an Extended Virtual World <\/em>ecosystem.<\/p>\n\n\n\n

              The ministry's official statement <\/a>pledged to donate over $223B Korean Won (US$186.7M) in an attempt to complete 4 main objectives.<\/p>\n\n\n\n

              1. Build A Platform<\/li>
              2. Fostering Professionals<\/li>
              3. Fostering Specialised Companies<\/li>
              4. Creating A Reliable Extended Virtual World Enviroment<\/li><\/ol>\n\n\n\n

                With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

                Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

                Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

                Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

                \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3561,"post_author":"1","post_date":"2022-02-23 18:44:52","post_date_gmt":"2022-02-23 07:44:52","post_content":"\n

                Ontario Superior Court of Justice sent\u00a0Nunchuk<\/a>\u00a0a self-custodial\u00a0Bitcoin wallet\u00a0a\u00a0Mareva Injunction<\/a>, ordering it to freeze and disclose information about the assets involved in the Freedom Convoy 2022 campaign in an effort to derail the funds being sent in support of the truckers protesting Covid-19 restrictions.<\/p>\n\n\n\n

                Nunchuck's official response reads that it is a \u201cself-custodial, collaborative multi-sig Bitcoin wallet\u201d and that it's a \u201csoftware provider, not a custodial financial intermediary.\u201d<\/p>\n\n\n\n

                \nhttps:\/\/twitter.com\/nunchuk_io\/status\/1494885897577271299?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1494885897577271299%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Fbitcoin-wallet-rejects-canadas-court-demand-to-freeze-funds-citing-technically-impossible%2F\n<\/div><\/figure>\n\n\n\n

                Going Against Court Orders<\/h2>\n\n\n\n

                Cryptocurrency is decentralized by nature, it has gained traction was to prevent things like this from happening. So far, it has held up against the legal system.<\/p>\n\n\n\n

                Coinbase CEO, Brian Armstrong claimed it is \u201cconcerning to see stuff like this happening in any country, especially such an economically free place like Canada.\u201d<\/p>\n\n\n\n

                After GoFundMe decided to not distribute $9 million raised<\/a> in support for the truckers, crypto quickly became the main way to donate to the cause. <\/p>\n","post_title":"Canadian Courts Demand To Freeze Funds Rejected By Crypto Wallet","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"canadian-courts-demand-to-freeze-funds-rejected-by-crypto-wallet","to_ping":"","pinged":"","post_modified":"2022-02-23 18:44:58","post_modified_gmt":"2022-02-23 07:44:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3561","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3453,"post_author":"1","post_date":"2022-02-12 17:06:40","post_date_gmt":"2022-02-12 06:06:40","post_content":"\n

                Gy\u00f6rgy Matolcsy, the governor of the Central Bank of Hungary is supporting the proposed crypto ban by the Russian Central Bank, expressing his agreement with the proposal to ban trading and mining of cryptocurrencies.<\/p>\n\n\n\n

                This comes after the recent news<\/a> that the Russian central bank was in support of banning the trading and mining of cryptocurrencies. Matolcsy stated<\/a> that \"it is clear-cut that cryptocurrencies could service illegal activities and tend to build up financial pyramids.\" <\/p>\n\n\n\n

                He also added that the \"growth and market value of cryptocurrencies is defined primarily by speculative demand for future growth, which creates bubbles.\u201d Calling for unity within the EU, Matolcsy wants the EU to \"act together\" in order to preempt the building up of \"new financial pyramids and financial bubbles.\"<\/p>\n\n\n\n

                It seems that he is in support of banning it from the EU, but not worldwide. \"EU citizens and companies would be allowed to own cryptocurrencies abroad and regulators will track their holdings.\" <\/p>\n\n\n\n

                As Matolscy stated above, the growth and market value of cryptocurrencies is defined by speculative demand for future growth, is the support for the ban just a way to see if other countries can manage and regulate cryptocurrencies before he makes a decision on what to do, or is it another technology that isn't fully understood?<\/p>\n","post_title":"Hungarian Central Bank In Support Of Russian Crypto Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"hungarian-central-bank-in-support-of-russian-crypto-ban","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2022-02-12 17:07:44","post_modified_gmt":"2022-02-12 06:07:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3453","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3439,"post_author":"1","post_date":"2022-02-10 21:26:57","post_date_gmt":"2022-02-10 10:26:57","post_content":"\n

                Russians own over $214 Billion worth, or 12% of the total value<\/a> of cryptocurrencies worldwide, according to a Bloomberg report<\/a>. <\/p>\n\n\n\n

                The data coming from the Kremlin and government officials out of Moscow was articulated from analyzing the IP addresses of the most prominent exchange users out of the country along with various other data points, as stated by two officials from Kremlin.<\/p>\n\n\n\n

                The data comes after the Russian government had decided to regulate<\/a> rather than ban cryptocurrencies. The analysis will help articulate an overview of the market to assist in their regulations and should be taken with a grain of salt because of the anonymous nature of cryptocurrencies in general.<\/p>\n\n\n\n

                \u201cRussians really do have a lot of money in cryptocurrency, but it\u2019s hard to value the true amount...many people are using cash, derivative instruments, or have two passports and can open a crypto wallet in someone else\u2019s name.\u201d<\/em><\/strong><\/p>Alexander Filatov, Co-Founder and CEO of TON Labs<\/a><\/cite><\/blockquote>\n\n\n\n

                The statistics offer a snapshot of how widespread cryptocurrency investing has become in Russia being the\u00a0third-biggest<\/a>\u00a0Bitcoin miner in the world, as officials at the central bank push for a blanket ban on the local industry, while the government pursues a softer approach.((https:\/\/www.bloomberg.com\/news\/articles\/2022-02-01\/russia-values-local-crypto-market-at-200-billion-as-rules-near))\u00a0<\/p>\n","post_title":"Russians Own 12% Of The Worlds Cryptocurrencies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"russians-own-12-of-the-worlds-cryptocurrencies","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2023-04-30 21:39:59","post_modified_gmt":"2023-04-30 11:39:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3341,"post_author":"1","post_date":"2022-01-31 22:09:02","post_date_gmt":"2022-01-31 11:09:02","post_content":"\n

                The Russian Government has started the development of a guide that will present limitations on cryptocurrencies.<\/p>\n\n\n\n

                The roadmap presented by the Russian Government and approved by Deputy Chairman Dmitry Chernyshenko will work to ease the adoption of cryptocurrencies while halting financial instability. <\/p>\n\n\n\n

                It will seek to provide a regulatory framework within the cryptocurrency markets having with an emphasis on violations and dangers within the industry.<\/p>\n\n\n\n

                The roadmap goes against the recently proposed blanket ban on cryptocurrencies - as per the Russian Central Bank. Suggesting that crypto-related activities such as payments, exchange, and mining be banned, as it risks financial stability for the citizens of the nation.<\/p>\n\n\n\n

                What Do Russia's Regulations Entail?<\/h2>\n\n\n\n

                The National Bank, through this guide, advocates having an administrative and prohibitive system for cryptocurrencies. This change of position comes after Putin demanded showing up at an agreement in regards to this.<\/p>\n\n\n\n

                Putin has recognized that, although cryptocurrencies convey a specific measure of hazard coming from its volatility, digital currency mining guarantees a ton of upper hand to the country.<\/p>\n\n\n\n

                Since Russia enjoys the benefit of having the option to give cheap power, it will remain the third-biggest country for crypto mining.<\/p>\n\n\n\n

                \"Regulation will only provide the transparency that will ensure the protection of citizens.\"<\/strong><\/em><\/p>Ivan Chebeskov, Head Of The Financial Policy Department<\/cite><\/blockquote>\n\n\n\n

                <\/p>\n","post_title":"Will Russia Ban Bitcoin? Likely Not; Here's Why...","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russia-ban-bitcoin-likely-not-heres-why","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:24","post_modified_gmt":"2023-04-11 02:56:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

              Most Read

              Subscribe To Our Newsletter

              By subscribing, you agree with our privacy and terms.

              Follow The Distributed

              Twitter Instagram Youtube LinkedIn Facebook RSS
              ADVERTISEMENT
              \n

              The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

              Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

              Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

              \nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

              This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

              \"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

              <\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3646,"post_author":"1","post_date":"2022-02-28 19:09:26","post_date_gmt":"2022-02-28 08:09:26","post_content":"\n

              South Korean Ministry of Science and ICT are in \"fully-fledged support\" for the creation of an Extended Virtual World <\/em>ecosystem.<\/p>\n\n\n\n

              The ministry's official statement <\/a>pledged to donate over $223B Korean Won (US$186.7M) in an attempt to complete 4 main objectives.<\/p>\n\n\n\n

              1. Build A Platform<\/li>
              2. Fostering Professionals<\/li>
              3. Fostering Specialised Companies<\/li>
              4. Creating A Reliable Extended Virtual World Enviroment<\/li><\/ol>\n\n\n\n

                With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

                Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

                Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

                Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

                \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3561,"post_author":"1","post_date":"2022-02-23 18:44:52","post_date_gmt":"2022-02-23 07:44:52","post_content":"\n

                Ontario Superior Court of Justice sent\u00a0Nunchuk<\/a>\u00a0a self-custodial\u00a0Bitcoin wallet\u00a0a\u00a0Mareva Injunction<\/a>, ordering it to freeze and disclose information about the assets involved in the Freedom Convoy 2022 campaign in an effort to derail the funds being sent in support of the truckers protesting Covid-19 restrictions.<\/p>\n\n\n\n

                Nunchuck's official response reads that it is a \u201cself-custodial, collaborative multi-sig Bitcoin wallet\u201d and that it's a \u201csoftware provider, not a custodial financial intermediary.\u201d<\/p>\n\n\n\n

                \nhttps:\/\/twitter.com\/nunchuk_io\/status\/1494885897577271299?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1494885897577271299%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Fbitcoin-wallet-rejects-canadas-court-demand-to-freeze-funds-citing-technically-impossible%2F\n<\/div><\/figure>\n\n\n\n

                Going Against Court Orders<\/h2>\n\n\n\n

                Cryptocurrency is decentralized by nature, it has gained traction was to prevent things like this from happening. So far, it has held up against the legal system.<\/p>\n\n\n\n

                Coinbase CEO, Brian Armstrong claimed it is \u201cconcerning to see stuff like this happening in any country, especially such an economically free place like Canada.\u201d<\/p>\n\n\n\n

                After GoFundMe decided to not distribute $9 million raised<\/a> in support for the truckers, crypto quickly became the main way to donate to the cause. <\/p>\n","post_title":"Canadian Courts Demand To Freeze Funds Rejected By Crypto Wallet","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"canadian-courts-demand-to-freeze-funds-rejected-by-crypto-wallet","to_ping":"","pinged":"","post_modified":"2022-02-23 18:44:58","post_modified_gmt":"2022-02-23 07:44:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3561","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3453,"post_author":"1","post_date":"2022-02-12 17:06:40","post_date_gmt":"2022-02-12 06:06:40","post_content":"\n

                Gy\u00f6rgy Matolcsy, the governor of the Central Bank of Hungary is supporting the proposed crypto ban by the Russian Central Bank, expressing his agreement with the proposal to ban trading and mining of cryptocurrencies.<\/p>\n\n\n\n

                This comes after the recent news<\/a> that the Russian central bank was in support of banning the trading and mining of cryptocurrencies. Matolcsy stated<\/a> that \"it is clear-cut that cryptocurrencies could service illegal activities and tend to build up financial pyramids.\" <\/p>\n\n\n\n

                He also added that the \"growth and market value of cryptocurrencies is defined primarily by speculative demand for future growth, which creates bubbles.\u201d Calling for unity within the EU, Matolcsy wants the EU to \"act together\" in order to preempt the building up of \"new financial pyramids and financial bubbles.\"<\/p>\n\n\n\n

                It seems that he is in support of banning it from the EU, but not worldwide. \"EU citizens and companies would be allowed to own cryptocurrencies abroad and regulators will track their holdings.\" <\/p>\n\n\n\n

                As Matolscy stated above, the growth and market value of cryptocurrencies is defined by speculative demand for future growth, is the support for the ban just a way to see if other countries can manage and regulate cryptocurrencies before he makes a decision on what to do, or is it another technology that isn't fully understood?<\/p>\n","post_title":"Hungarian Central Bank In Support Of Russian Crypto Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"hungarian-central-bank-in-support-of-russian-crypto-ban","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2022-02-12 17:07:44","post_modified_gmt":"2022-02-12 06:07:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3453","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3439,"post_author":"1","post_date":"2022-02-10 21:26:57","post_date_gmt":"2022-02-10 10:26:57","post_content":"\n

                Russians own over $214 Billion worth, or 12% of the total value<\/a> of cryptocurrencies worldwide, according to a Bloomberg report<\/a>. <\/p>\n\n\n\n

                The data coming from the Kremlin and government officials out of Moscow was articulated from analyzing the IP addresses of the most prominent exchange users out of the country along with various other data points, as stated by two officials from Kremlin.<\/p>\n\n\n\n

                The data comes after the Russian government had decided to regulate<\/a> rather than ban cryptocurrencies. The analysis will help articulate an overview of the market to assist in their regulations and should be taken with a grain of salt because of the anonymous nature of cryptocurrencies in general.<\/p>\n\n\n\n

                \u201cRussians really do have a lot of money in cryptocurrency, but it\u2019s hard to value the true amount...many people are using cash, derivative instruments, or have two passports and can open a crypto wallet in someone else\u2019s name.\u201d<\/em><\/strong><\/p>Alexander Filatov, Co-Founder and CEO of TON Labs<\/a><\/cite><\/blockquote>\n\n\n\n

                The statistics offer a snapshot of how widespread cryptocurrency investing has become in Russia being the\u00a0third-biggest<\/a>\u00a0Bitcoin miner in the world, as officials at the central bank push for a blanket ban on the local industry, while the government pursues a softer approach.((https:\/\/www.bloomberg.com\/news\/articles\/2022-02-01\/russia-values-local-crypto-market-at-200-billion-as-rules-near))\u00a0<\/p>\n","post_title":"Russians Own 12% Of The Worlds Cryptocurrencies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"russians-own-12-of-the-worlds-cryptocurrencies","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2023-04-30 21:39:59","post_modified_gmt":"2023-04-30 11:39:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3341,"post_author":"1","post_date":"2022-01-31 22:09:02","post_date_gmt":"2022-01-31 11:09:02","post_content":"\n

                The Russian Government has started the development of a guide that will present limitations on cryptocurrencies.<\/p>\n\n\n\n

                The roadmap presented by the Russian Government and approved by Deputy Chairman Dmitry Chernyshenko will work to ease the adoption of cryptocurrencies while halting financial instability. <\/p>\n\n\n\n

                It will seek to provide a regulatory framework within the cryptocurrency markets having with an emphasis on violations and dangers within the industry.<\/p>\n\n\n\n

                The roadmap goes against the recently proposed blanket ban on cryptocurrencies - as per the Russian Central Bank. Suggesting that crypto-related activities such as payments, exchange, and mining be banned, as it risks financial stability for the citizens of the nation.<\/p>\n\n\n\n

                What Do Russia's Regulations Entail?<\/h2>\n\n\n\n

                The National Bank, through this guide, advocates having an administrative and prohibitive system for cryptocurrencies. This change of position comes after Putin demanded showing up at an agreement in regards to this.<\/p>\n\n\n\n

                Putin has recognized that, although cryptocurrencies convey a specific measure of hazard coming from its volatility, digital currency mining guarantees a ton of upper hand to the country.<\/p>\n\n\n\n

                Since Russia enjoys the benefit of having the option to give cheap power, it will remain the third-biggest country for crypto mining.<\/p>\n\n\n\n

                \"Regulation will only provide the transparency that will ensure the protection of citizens.\"<\/strong><\/em><\/p>Ivan Chebeskov, Head Of The Financial Policy Department<\/cite><\/blockquote>\n\n\n\n

                <\/p>\n","post_title":"Will Russia Ban Bitcoin? Likely Not; Here's Why...","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russia-ban-bitcoin-likely-not-heres-why","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:24","post_modified_gmt":"2023-04-11 02:56:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

              Most Read

              Subscribe To Our Newsletter

              By subscribing, you agree with our privacy and terms.

              Follow The Distributed

              Twitter Instagram Youtube LinkedIn Facebook RSS
              ADVERTISEMENT
              \n

              It\u2019s my ambition to make the UK a global hub for cryptoasset technology, and the measures we\u2019ve outlined today will help to ensure firms can invest, innovate and scale up in this country.<\/em><\/p>Rishi Sunak, Chancellor of the Exchequer
              <\/a><\/cite><\/blockquote>\n","post_title":"UK Government Adopts Stablecoins As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-adopts-stablecoins-as-legal-tender","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/uk-government-plans-the-royal-mint-nft\/","post_modified":"2023-04-11 12:48:35","post_modified_gmt":"2023-04-11 02:48:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

              The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

              Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

              Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

              \nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

              This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

              \"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

              <\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3646,"post_author":"1","post_date":"2022-02-28 19:09:26","post_date_gmt":"2022-02-28 08:09:26","post_content":"\n

              South Korean Ministry of Science and ICT are in \"fully-fledged support\" for the creation of an Extended Virtual World <\/em>ecosystem.<\/p>\n\n\n\n

              The ministry's official statement <\/a>pledged to donate over $223B Korean Won (US$186.7M) in an attempt to complete 4 main objectives.<\/p>\n\n\n\n

              1. Build A Platform<\/li>
              2. Fostering Professionals<\/li>
              3. Fostering Specialised Companies<\/li>
              4. Creating A Reliable Extended Virtual World Enviroment<\/li><\/ol>\n\n\n\n

                With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

                Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

                Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

                Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

                \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3561,"post_author":"1","post_date":"2022-02-23 18:44:52","post_date_gmt":"2022-02-23 07:44:52","post_content":"\n

                Ontario Superior Court of Justice sent\u00a0Nunchuk<\/a>\u00a0a self-custodial\u00a0Bitcoin wallet\u00a0a\u00a0Mareva Injunction<\/a>, ordering it to freeze and disclose information about the assets involved in the Freedom Convoy 2022 campaign in an effort to derail the funds being sent in support of the truckers protesting Covid-19 restrictions.<\/p>\n\n\n\n

                Nunchuck's official response reads that it is a \u201cself-custodial, collaborative multi-sig Bitcoin wallet\u201d and that it's a \u201csoftware provider, not a custodial financial intermediary.\u201d<\/p>\n\n\n\n

                \nhttps:\/\/twitter.com\/nunchuk_io\/status\/1494885897577271299?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1494885897577271299%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Fbitcoin-wallet-rejects-canadas-court-demand-to-freeze-funds-citing-technically-impossible%2F\n<\/div><\/figure>\n\n\n\n

                Going Against Court Orders<\/h2>\n\n\n\n

                Cryptocurrency is decentralized by nature, it has gained traction was to prevent things like this from happening. So far, it has held up against the legal system.<\/p>\n\n\n\n

                Coinbase CEO, Brian Armstrong claimed it is \u201cconcerning to see stuff like this happening in any country, especially such an economically free place like Canada.\u201d<\/p>\n\n\n\n

                After GoFundMe decided to not distribute $9 million raised<\/a> in support for the truckers, crypto quickly became the main way to donate to the cause. <\/p>\n","post_title":"Canadian Courts Demand To Freeze Funds Rejected By Crypto Wallet","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"canadian-courts-demand-to-freeze-funds-rejected-by-crypto-wallet","to_ping":"","pinged":"","post_modified":"2022-02-23 18:44:58","post_modified_gmt":"2022-02-23 07:44:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3561","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3453,"post_author":"1","post_date":"2022-02-12 17:06:40","post_date_gmt":"2022-02-12 06:06:40","post_content":"\n

                Gy\u00f6rgy Matolcsy, the governor of the Central Bank of Hungary is supporting the proposed crypto ban by the Russian Central Bank, expressing his agreement with the proposal to ban trading and mining of cryptocurrencies.<\/p>\n\n\n\n

                This comes after the recent news<\/a> that the Russian central bank was in support of banning the trading and mining of cryptocurrencies. Matolcsy stated<\/a> that \"it is clear-cut that cryptocurrencies could service illegal activities and tend to build up financial pyramids.\" <\/p>\n\n\n\n

                He also added that the \"growth and market value of cryptocurrencies is defined primarily by speculative demand for future growth, which creates bubbles.\u201d Calling for unity within the EU, Matolcsy wants the EU to \"act together\" in order to preempt the building up of \"new financial pyramids and financial bubbles.\"<\/p>\n\n\n\n

                It seems that he is in support of banning it from the EU, but not worldwide. \"EU citizens and companies would be allowed to own cryptocurrencies abroad and regulators will track their holdings.\" <\/p>\n\n\n\n

                As Matolscy stated above, the growth and market value of cryptocurrencies is defined by speculative demand for future growth, is the support for the ban just a way to see if other countries can manage and regulate cryptocurrencies before he makes a decision on what to do, or is it another technology that isn't fully understood?<\/p>\n","post_title":"Hungarian Central Bank In Support Of Russian Crypto Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"hungarian-central-bank-in-support-of-russian-crypto-ban","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2022-02-12 17:07:44","post_modified_gmt":"2022-02-12 06:07:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3453","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3439,"post_author":"1","post_date":"2022-02-10 21:26:57","post_date_gmt":"2022-02-10 10:26:57","post_content":"\n

                Russians own over $214 Billion worth, or 12% of the total value<\/a> of cryptocurrencies worldwide, according to a Bloomberg report<\/a>. <\/p>\n\n\n\n

                The data coming from the Kremlin and government officials out of Moscow was articulated from analyzing the IP addresses of the most prominent exchange users out of the country along with various other data points, as stated by two officials from Kremlin.<\/p>\n\n\n\n

                The data comes after the Russian government had decided to regulate<\/a> rather than ban cryptocurrencies. The analysis will help articulate an overview of the market to assist in their regulations and should be taken with a grain of salt because of the anonymous nature of cryptocurrencies in general.<\/p>\n\n\n\n

                \u201cRussians really do have a lot of money in cryptocurrency, but it\u2019s hard to value the true amount...many people are using cash, derivative instruments, or have two passports and can open a crypto wallet in someone else\u2019s name.\u201d<\/em><\/strong><\/p>Alexander Filatov, Co-Founder and CEO of TON Labs<\/a><\/cite><\/blockquote>\n\n\n\n

                The statistics offer a snapshot of how widespread cryptocurrency investing has become in Russia being the\u00a0third-biggest<\/a>\u00a0Bitcoin miner in the world, as officials at the central bank push for a blanket ban on the local industry, while the government pursues a softer approach.((https:\/\/www.bloomberg.com\/news\/articles\/2022-02-01\/russia-values-local-crypto-market-at-200-billion-as-rules-near))\u00a0<\/p>\n","post_title":"Russians Own 12% Of The Worlds Cryptocurrencies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"russians-own-12-of-the-worlds-cryptocurrencies","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2023-04-30 21:39:59","post_modified_gmt":"2023-04-30 11:39:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3341,"post_author":"1","post_date":"2022-01-31 22:09:02","post_date_gmt":"2022-01-31 11:09:02","post_content":"\n

                The Russian Government has started the development of a guide that will present limitations on cryptocurrencies.<\/p>\n\n\n\n

                The roadmap presented by the Russian Government and approved by Deputy Chairman Dmitry Chernyshenko will work to ease the adoption of cryptocurrencies while halting financial instability. <\/p>\n\n\n\n

                It will seek to provide a regulatory framework within the cryptocurrency markets having with an emphasis on violations and dangers within the industry.<\/p>\n\n\n\n

                The roadmap goes against the recently proposed blanket ban on cryptocurrencies - as per the Russian Central Bank. Suggesting that crypto-related activities such as payments, exchange, and mining be banned, as it risks financial stability for the citizens of the nation.<\/p>\n\n\n\n

                What Do Russia's Regulations Entail?<\/h2>\n\n\n\n

                The National Bank, through this guide, advocates having an administrative and prohibitive system for cryptocurrencies. This change of position comes after Putin demanded showing up at an agreement in regards to this.<\/p>\n\n\n\n

                Putin has recognized that, although cryptocurrencies convey a specific measure of hazard coming from its volatility, digital currency mining guarantees a ton of upper hand to the country.<\/p>\n\n\n\n

                Since Russia enjoys the benefit of having the option to give cheap power, it will remain the third-biggest country for crypto mining.<\/p>\n\n\n\n

                \"Regulation will only provide the transparency that will ensure the protection of citizens.\"<\/strong><\/em><\/p>Ivan Chebeskov, Head Of The Financial Policy Department<\/cite><\/blockquote>\n\n\n\n

                <\/p>\n","post_title":"Will Russia Ban Bitcoin? Likely Not; Here's Why...","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russia-ban-bitcoin-likely-not-heres-why","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:24","post_modified_gmt":"2023-04-11 02:56:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

              Most Read

              Subscribe To Our Newsletter

              By subscribing, you agree with our privacy and terms.

              Follow The Distributed

              Twitter Instagram Youtube LinkedIn Facebook RSS
              ADVERTISEMENT
              \n

              The UK will proactively explore the potentially transformative benefits of Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

              It\u2019s my ambition to make the UK a global hub for cryptoasset technology, and the measures we\u2019ve outlined today will help to ensure firms can invest, innovate and scale up in this country.<\/em><\/p>Rishi Sunak, Chancellor of the Exchequer
              <\/a><\/cite><\/blockquote>\n","post_title":"UK Government Adopts Stablecoins As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-adopts-stablecoins-as-legal-tender","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/uk-government-plans-the-royal-mint-nft\/","post_modified":"2023-04-11 12:48:35","post_modified_gmt":"2023-04-11 02:48:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

              The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

              Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

              Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

              \nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

              This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

              \"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

              <\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3646,"post_author":"1","post_date":"2022-02-28 19:09:26","post_date_gmt":"2022-02-28 08:09:26","post_content":"\n

              South Korean Ministry of Science and ICT are in \"fully-fledged support\" for the creation of an Extended Virtual World <\/em>ecosystem.<\/p>\n\n\n\n

              The ministry's official statement <\/a>pledged to donate over $223B Korean Won (US$186.7M) in an attempt to complete 4 main objectives.<\/p>\n\n\n\n

              1. Build A Platform<\/li>
              2. Fostering Professionals<\/li>
              3. Fostering Specialised Companies<\/li>
              4. Creating A Reliable Extended Virtual World Enviroment<\/li><\/ol>\n\n\n\n

                With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

                Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

                Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

                Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

                \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3561,"post_author":"1","post_date":"2022-02-23 18:44:52","post_date_gmt":"2022-02-23 07:44:52","post_content":"\n

                Ontario Superior Court of Justice sent\u00a0Nunchuk<\/a>\u00a0a self-custodial\u00a0Bitcoin wallet\u00a0a\u00a0Mareva Injunction<\/a>, ordering it to freeze and disclose information about the assets involved in the Freedom Convoy 2022 campaign in an effort to derail the funds being sent in support of the truckers protesting Covid-19 restrictions.<\/p>\n\n\n\n

                Nunchuck's official response reads that it is a \u201cself-custodial, collaborative multi-sig Bitcoin wallet\u201d and that it's a \u201csoftware provider, not a custodial financial intermediary.\u201d<\/p>\n\n\n\n

                \nhttps:\/\/twitter.com\/nunchuk_io\/status\/1494885897577271299?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1494885897577271299%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Fbitcoin-wallet-rejects-canadas-court-demand-to-freeze-funds-citing-technically-impossible%2F\n<\/div><\/figure>\n\n\n\n

                Going Against Court Orders<\/h2>\n\n\n\n

                Cryptocurrency is decentralized by nature, it has gained traction was to prevent things like this from happening. So far, it has held up against the legal system.<\/p>\n\n\n\n

                Coinbase CEO, Brian Armstrong claimed it is \u201cconcerning to see stuff like this happening in any country, especially such an economically free place like Canada.\u201d<\/p>\n\n\n\n

                After GoFundMe decided to not distribute $9 million raised<\/a> in support for the truckers, crypto quickly became the main way to donate to the cause. <\/p>\n","post_title":"Canadian Courts Demand To Freeze Funds Rejected By Crypto Wallet","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"canadian-courts-demand-to-freeze-funds-rejected-by-crypto-wallet","to_ping":"","pinged":"","post_modified":"2022-02-23 18:44:58","post_modified_gmt":"2022-02-23 07:44:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3561","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3453,"post_author":"1","post_date":"2022-02-12 17:06:40","post_date_gmt":"2022-02-12 06:06:40","post_content":"\n

                Gy\u00f6rgy Matolcsy, the governor of the Central Bank of Hungary is supporting the proposed crypto ban by the Russian Central Bank, expressing his agreement with the proposal to ban trading and mining of cryptocurrencies.<\/p>\n\n\n\n

                This comes after the recent news<\/a> that the Russian central bank was in support of banning the trading and mining of cryptocurrencies. Matolcsy stated<\/a> that \"it is clear-cut that cryptocurrencies could service illegal activities and tend to build up financial pyramids.\" <\/p>\n\n\n\n

                He also added that the \"growth and market value of cryptocurrencies is defined primarily by speculative demand for future growth, which creates bubbles.\u201d Calling for unity within the EU, Matolcsy wants the EU to \"act together\" in order to preempt the building up of \"new financial pyramids and financial bubbles.\"<\/p>\n\n\n\n

                It seems that he is in support of banning it from the EU, but not worldwide. \"EU citizens and companies would be allowed to own cryptocurrencies abroad and regulators will track their holdings.\" <\/p>\n\n\n\n

                As Matolscy stated above, the growth and market value of cryptocurrencies is defined by speculative demand for future growth, is the support for the ban just a way to see if other countries can manage and regulate cryptocurrencies before he makes a decision on what to do, or is it another technology that isn't fully understood?<\/p>\n","post_title":"Hungarian Central Bank In Support Of Russian Crypto Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"hungarian-central-bank-in-support-of-russian-crypto-ban","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2022-02-12 17:07:44","post_modified_gmt":"2022-02-12 06:07:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3453","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3439,"post_author":"1","post_date":"2022-02-10 21:26:57","post_date_gmt":"2022-02-10 10:26:57","post_content":"\n

                Russians own over $214 Billion worth, or 12% of the total value<\/a> of cryptocurrencies worldwide, according to a Bloomberg report<\/a>. <\/p>\n\n\n\n

                The data coming from the Kremlin and government officials out of Moscow was articulated from analyzing the IP addresses of the most prominent exchange users out of the country along with various other data points, as stated by two officials from Kremlin.<\/p>\n\n\n\n

                The data comes after the Russian government had decided to regulate<\/a> rather than ban cryptocurrencies. The analysis will help articulate an overview of the market to assist in their regulations and should be taken with a grain of salt because of the anonymous nature of cryptocurrencies in general.<\/p>\n\n\n\n

                \u201cRussians really do have a lot of money in cryptocurrency, but it\u2019s hard to value the true amount...many people are using cash, derivative instruments, or have two passports and can open a crypto wallet in someone else\u2019s name.\u201d<\/em><\/strong><\/p>Alexander Filatov, Co-Founder and CEO of TON Labs<\/a><\/cite><\/blockquote>\n\n\n\n

                The statistics offer a snapshot of how widespread cryptocurrency investing has become in Russia being the\u00a0third-biggest<\/a>\u00a0Bitcoin miner in the world, as officials at the central bank push for a blanket ban on the local industry, while the government pursues a softer approach.((https:\/\/www.bloomberg.com\/news\/articles\/2022-02-01\/russia-values-local-crypto-market-at-200-billion-as-rules-near))\u00a0<\/p>\n","post_title":"Russians Own 12% Of The Worlds Cryptocurrencies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"russians-own-12-of-the-worlds-cryptocurrencies","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2023-04-30 21:39:59","post_modified_gmt":"2023-04-30 11:39:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3341,"post_author":"1","post_date":"2022-01-31 22:09:02","post_date_gmt":"2022-01-31 11:09:02","post_content":"\n

                The Russian Government has started the development of a guide that will present limitations on cryptocurrencies.<\/p>\n\n\n\n

                The roadmap presented by the Russian Government and approved by Deputy Chairman Dmitry Chernyshenko will work to ease the adoption of cryptocurrencies while halting financial instability. <\/p>\n\n\n\n

                It will seek to provide a regulatory framework within the cryptocurrency markets having with an emphasis on violations and dangers within the industry.<\/p>\n\n\n\n

                The roadmap goes against the recently proposed blanket ban on cryptocurrencies - as per the Russian Central Bank. Suggesting that crypto-related activities such as payments, exchange, and mining be banned, as it risks financial stability for the citizens of the nation.<\/p>\n\n\n\n

                What Do Russia's Regulations Entail?<\/h2>\n\n\n\n

                The National Bank, through this guide, advocates having an administrative and prohibitive system for cryptocurrencies. This change of position comes after Putin demanded showing up at an agreement in regards to this.<\/p>\n\n\n\n

                Putin has recognized that, although cryptocurrencies convey a specific measure of hazard coming from its volatility, digital currency mining guarantees a ton of upper hand to the country.<\/p>\n\n\n\n

                Since Russia enjoys the benefit of having the option to give cheap power, it will remain the third-biggest country for crypto mining.<\/p>\n\n\n\n

                \"Regulation will only provide the transparency that will ensure the protection of citizens.\"<\/strong><\/em><\/p>Ivan Chebeskov, Head Of The Financial Policy Department<\/cite><\/blockquote>\n\n\n\n

                <\/p>\n","post_title":"Will Russia Ban Bitcoin? Likely Not; Here's Why...","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russia-ban-bitcoin-likely-not-heres-why","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:24","post_modified_gmt":"2023-04-11 02:56:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

              Most Read

              Subscribe To Our Newsletter

              By subscribing, you agree with our privacy and terms.

              Follow The Distributed

              Twitter Instagram Youtube LinkedIn Facebook RSS
              ADVERTISEMENT
              \n

              This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the release of the 'Royal Mint NFT<\/a>'.<\/p>\n\n\n\n

              The UK will proactively explore the potentially transformative benefits of Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

              It\u2019s my ambition to make the UK a global hub for cryptoasset technology, and the measures we\u2019ve outlined today will help to ensure firms can invest, innovate and scale up in this country.<\/em><\/p>Rishi Sunak, Chancellor of the Exchequer
              <\/a><\/cite><\/blockquote>\n","post_title":"UK Government Adopts Stablecoins As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-adopts-stablecoins-as-legal-tender","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/uk-government-plans-the-royal-mint-nft\/","post_modified":"2023-04-11 12:48:35","post_modified_gmt":"2023-04-11 02:48:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

              The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

              Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

              Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

              \nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

              This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

              \"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

              <\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3646,"post_author":"1","post_date":"2022-02-28 19:09:26","post_date_gmt":"2022-02-28 08:09:26","post_content":"\n

              South Korean Ministry of Science and ICT are in \"fully-fledged support\" for the creation of an Extended Virtual World <\/em>ecosystem.<\/p>\n\n\n\n

              The ministry's official statement <\/a>pledged to donate over $223B Korean Won (US$186.7M) in an attempt to complete 4 main objectives.<\/p>\n\n\n\n

              1. Build A Platform<\/li>
              2. Fostering Professionals<\/li>
              3. Fostering Specialised Companies<\/li>
              4. Creating A Reliable Extended Virtual World Enviroment<\/li><\/ol>\n\n\n\n

                With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

                Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

                Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

                Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

                \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3561,"post_author":"1","post_date":"2022-02-23 18:44:52","post_date_gmt":"2022-02-23 07:44:52","post_content":"\n

                Ontario Superior Court of Justice sent\u00a0Nunchuk<\/a>\u00a0a self-custodial\u00a0Bitcoin wallet\u00a0a\u00a0Mareva Injunction<\/a>, ordering it to freeze and disclose information about the assets involved in the Freedom Convoy 2022 campaign in an effort to derail the funds being sent in support of the truckers protesting Covid-19 restrictions.<\/p>\n\n\n\n

                Nunchuck's official response reads that it is a \u201cself-custodial, collaborative multi-sig Bitcoin wallet\u201d and that it's a \u201csoftware provider, not a custodial financial intermediary.\u201d<\/p>\n\n\n\n

                \nhttps:\/\/twitter.com\/nunchuk_io\/status\/1494885897577271299?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1494885897577271299%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Fbitcoin-wallet-rejects-canadas-court-demand-to-freeze-funds-citing-technically-impossible%2F\n<\/div><\/figure>\n\n\n\n

                Going Against Court Orders<\/h2>\n\n\n\n

                Cryptocurrency is decentralized by nature, it has gained traction was to prevent things like this from happening. So far, it has held up against the legal system.<\/p>\n\n\n\n

                Coinbase CEO, Brian Armstrong claimed it is \u201cconcerning to see stuff like this happening in any country, especially such an economically free place like Canada.\u201d<\/p>\n\n\n\n

                After GoFundMe decided to not distribute $9 million raised<\/a> in support for the truckers, crypto quickly became the main way to donate to the cause. <\/p>\n","post_title":"Canadian Courts Demand To Freeze Funds Rejected By Crypto Wallet","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"canadian-courts-demand-to-freeze-funds-rejected-by-crypto-wallet","to_ping":"","pinged":"","post_modified":"2022-02-23 18:44:58","post_modified_gmt":"2022-02-23 07:44:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3561","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3453,"post_author":"1","post_date":"2022-02-12 17:06:40","post_date_gmt":"2022-02-12 06:06:40","post_content":"\n

                Gy\u00f6rgy Matolcsy, the governor of the Central Bank of Hungary is supporting the proposed crypto ban by the Russian Central Bank, expressing his agreement with the proposal to ban trading and mining of cryptocurrencies.<\/p>\n\n\n\n

                This comes after the recent news<\/a> that the Russian central bank was in support of banning the trading and mining of cryptocurrencies. Matolcsy stated<\/a> that \"it is clear-cut that cryptocurrencies could service illegal activities and tend to build up financial pyramids.\" <\/p>\n\n\n\n

                He also added that the \"growth and market value of cryptocurrencies is defined primarily by speculative demand for future growth, which creates bubbles.\u201d Calling for unity within the EU, Matolcsy wants the EU to \"act together\" in order to preempt the building up of \"new financial pyramids and financial bubbles.\"<\/p>\n\n\n\n

                It seems that he is in support of banning it from the EU, but not worldwide. \"EU citizens and companies would be allowed to own cryptocurrencies abroad and regulators will track their holdings.\" <\/p>\n\n\n\n

                As Matolscy stated above, the growth and market value of cryptocurrencies is defined by speculative demand for future growth, is the support for the ban just a way to see if other countries can manage and regulate cryptocurrencies before he makes a decision on what to do, or is it another technology that isn't fully understood?<\/p>\n","post_title":"Hungarian Central Bank In Support Of Russian Crypto Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"hungarian-central-bank-in-support-of-russian-crypto-ban","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2022-02-12 17:07:44","post_modified_gmt":"2022-02-12 06:07:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3453","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3439,"post_author":"1","post_date":"2022-02-10 21:26:57","post_date_gmt":"2022-02-10 10:26:57","post_content":"\n

                Russians own over $214 Billion worth, or 12% of the total value<\/a> of cryptocurrencies worldwide, according to a Bloomberg report<\/a>. <\/p>\n\n\n\n

                The data coming from the Kremlin and government officials out of Moscow was articulated from analyzing the IP addresses of the most prominent exchange users out of the country along with various other data points, as stated by two officials from Kremlin.<\/p>\n\n\n\n

                The data comes after the Russian government had decided to regulate<\/a> rather than ban cryptocurrencies. The analysis will help articulate an overview of the market to assist in their regulations and should be taken with a grain of salt because of the anonymous nature of cryptocurrencies in general.<\/p>\n\n\n\n

                \u201cRussians really do have a lot of money in cryptocurrency, but it\u2019s hard to value the true amount...many people are using cash, derivative instruments, or have two passports and can open a crypto wallet in someone else\u2019s name.\u201d<\/em><\/strong><\/p>Alexander Filatov, Co-Founder and CEO of TON Labs<\/a><\/cite><\/blockquote>\n\n\n\n

                The statistics offer a snapshot of how widespread cryptocurrency investing has become in Russia being the\u00a0third-biggest<\/a>\u00a0Bitcoin miner in the world, as officials at the central bank push for a blanket ban on the local industry, while the government pursues a softer approach.((https:\/\/www.bloomberg.com\/news\/articles\/2022-02-01\/russia-values-local-crypto-market-at-200-billion-as-rules-near))\u00a0<\/p>\n","post_title":"Russians Own 12% Of The Worlds Cryptocurrencies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"russians-own-12-of-the-worlds-cryptocurrencies","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2023-04-30 21:39:59","post_modified_gmt":"2023-04-30 11:39:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3341,"post_author":"1","post_date":"2022-01-31 22:09:02","post_date_gmt":"2022-01-31 11:09:02","post_content":"\n

                The Russian Government has started the development of a guide that will present limitations on cryptocurrencies.<\/p>\n\n\n\n

                The roadmap presented by the Russian Government and approved by Deputy Chairman Dmitry Chernyshenko will work to ease the adoption of cryptocurrencies while halting financial instability. <\/p>\n\n\n\n

                It will seek to provide a regulatory framework within the cryptocurrency markets having with an emphasis on violations and dangers within the industry.<\/p>\n\n\n\n

                The roadmap goes against the recently proposed blanket ban on cryptocurrencies - as per the Russian Central Bank. Suggesting that crypto-related activities such as payments, exchange, and mining be banned, as it risks financial stability for the citizens of the nation.<\/p>\n\n\n\n

                What Do Russia's Regulations Entail?<\/h2>\n\n\n\n

                The National Bank, through this guide, advocates having an administrative and prohibitive system for cryptocurrencies. This change of position comes after Putin demanded showing up at an agreement in regards to this.<\/p>\n\n\n\n

                Putin has recognized that, although cryptocurrencies convey a specific measure of hazard coming from its volatility, digital currency mining guarantees a ton of upper hand to the country.<\/p>\n\n\n\n

                Since Russia enjoys the benefit of having the option to give cheap power, it will remain the third-biggest country for crypto mining.<\/p>\n\n\n\n

                \"Regulation will only provide the transparency that will ensure the protection of citizens.\"<\/strong><\/em><\/p>Ivan Chebeskov, Head Of The Financial Policy Department<\/cite><\/blockquote>\n\n\n\n

                <\/p>\n","post_title":"Will Russia Ban Bitcoin? Likely Not; Here's Why...","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russia-ban-bitcoin-likely-not-heres-why","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:24","post_modified_gmt":"2023-04-11 02:56:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

              Most Read

              Subscribe To Our Newsletter

              By subscribing, you agree with our privacy and terms.

              Follow The Distributed

              Twitter Instagram Youtube LinkedIn Facebook RSS
              ADVERTISEMENT
              \n
              \nhttps:\/\/twitter.com\/RishiSunak\/status\/1510988474215772162?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\n<\/div><\/figure>\n\n\n\n

              This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the release of the 'Royal Mint NFT<\/a>'.<\/p>\n\n\n\n

              The UK will proactively explore the potentially transformative benefits of Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

              It\u2019s my ambition to make the UK a global hub for cryptoasset technology, and the measures we\u2019ve outlined today will help to ensure firms can invest, innovate and scale up in this country.<\/em><\/p>Rishi Sunak, Chancellor of the Exchequer
              <\/a><\/cite><\/blockquote>\n","post_title":"UK Government Adopts Stablecoins As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-adopts-stablecoins-as-legal-tender","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/uk-government-plans-the-royal-mint-nft\/","post_modified":"2023-04-11 12:48:35","post_modified_gmt":"2023-04-11 02:48:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

              The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

              Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

              Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

              \nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

              This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

              \"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

              <\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3646,"post_author":"1","post_date":"2022-02-28 19:09:26","post_date_gmt":"2022-02-28 08:09:26","post_content":"\n

              South Korean Ministry of Science and ICT are in \"fully-fledged support\" for the creation of an Extended Virtual World <\/em>ecosystem.<\/p>\n\n\n\n

              The ministry's official statement <\/a>pledged to donate over $223B Korean Won (US$186.7M) in an attempt to complete 4 main objectives.<\/p>\n\n\n\n

              1. Build A Platform<\/li>
              2. Fostering Professionals<\/li>
              3. Fostering Specialised Companies<\/li>
              4. Creating A Reliable Extended Virtual World Enviroment<\/li><\/ol>\n\n\n\n

                With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

                Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

                Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

                Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

                \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3561,"post_author":"1","post_date":"2022-02-23 18:44:52","post_date_gmt":"2022-02-23 07:44:52","post_content":"\n

                Ontario Superior Court of Justice sent\u00a0Nunchuk<\/a>\u00a0a self-custodial\u00a0Bitcoin wallet\u00a0a\u00a0Mareva Injunction<\/a>, ordering it to freeze and disclose information about the assets involved in the Freedom Convoy 2022 campaign in an effort to derail the funds being sent in support of the truckers protesting Covid-19 restrictions.<\/p>\n\n\n\n

                Nunchuck's official response reads that it is a \u201cself-custodial, collaborative multi-sig Bitcoin wallet\u201d and that it's a \u201csoftware provider, not a custodial financial intermediary.\u201d<\/p>\n\n\n\n

                \nhttps:\/\/twitter.com\/nunchuk_io\/status\/1494885897577271299?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1494885897577271299%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Fbitcoin-wallet-rejects-canadas-court-demand-to-freeze-funds-citing-technically-impossible%2F\n<\/div><\/figure>\n\n\n\n

                Going Against Court Orders<\/h2>\n\n\n\n

                Cryptocurrency is decentralized by nature, it has gained traction was to prevent things like this from happening. So far, it has held up against the legal system.<\/p>\n\n\n\n

                Coinbase CEO, Brian Armstrong claimed it is \u201cconcerning to see stuff like this happening in any country, especially such an economically free place like Canada.\u201d<\/p>\n\n\n\n

                After GoFundMe decided to not distribute $9 million raised<\/a> in support for the truckers, crypto quickly became the main way to donate to the cause. <\/p>\n","post_title":"Canadian Courts Demand To Freeze Funds Rejected By Crypto Wallet","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"canadian-courts-demand-to-freeze-funds-rejected-by-crypto-wallet","to_ping":"","pinged":"","post_modified":"2022-02-23 18:44:58","post_modified_gmt":"2022-02-23 07:44:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3561","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3453,"post_author":"1","post_date":"2022-02-12 17:06:40","post_date_gmt":"2022-02-12 06:06:40","post_content":"\n

                Gy\u00f6rgy Matolcsy, the governor of the Central Bank of Hungary is supporting the proposed crypto ban by the Russian Central Bank, expressing his agreement with the proposal to ban trading and mining of cryptocurrencies.<\/p>\n\n\n\n

                This comes after the recent news<\/a> that the Russian central bank was in support of banning the trading and mining of cryptocurrencies. Matolcsy stated<\/a> that \"it is clear-cut that cryptocurrencies could service illegal activities and tend to build up financial pyramids.\" <\/p>\n\n\n\n

                He also added that the \"growth and market value of cryptocurrencies is defined primarily by speculative demand for future growth, which creates bubbles.\u201d Calling for unity within the EU, Matolcsy wants the EU to \"act together\" in order to preempt the building up of \"new financial pyramids and financial bubbles.\"<\/p>\n\n\n\n

                It seems that he is in support of banning it from the EU, but not worldwide. \"EU citizens and companies would be allowed to own cryptocurrencies abroad and regulators will track their holdings.\" <\/p>\n\n\n\n

                As Matolscy stated above, the growth and market value of cryptocurrencies is defined by speculative demand for future growth, is the support for the ban just a way to see if other countries can manage and regulate cryptocurrencies before he makes a decision on what to do, or is it another technology that isn't fully understood?<\/p>\n","post_title":"Hungarian Central Bank In Support Of Russian Crypto Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"hungarian-central-bank-in-support-of-russian-crypto-ban","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2022-02-12 17:07:44","post_modified_gmt":"2022-02-12 06:07:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3453","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3439,"post_author":"1","post_date":"2022-02-10 21:26:57","post_date_gmt":"2022-02-10 10:26:57","post_content":"\n

                Russians own over $214 Billion worth, or 12% of the total value<\/a> of cryptocurrencies worldwide, according to a Bloomberg report<\/a>. <\/p>\n\n\n\n

                The data coming from the Kremlin and government officials out of Moscow was articulated from analyzing the IP addresses of the most prominent exchange users out of the country along with various other data points, as stated by two officials from Kremlin.<\/p>\n\n\n\n

                The data comes after the Russian government had decided to regulate<\/a> rather than ban cryptocurrencies. The analysis will help articulate an overview of the market to assist in their regulations and should be taken with a grain of salt because of the anonymous nature of cryptocurrencies in general.<\/p>\n\n\n\n

                \u201cRussians really do have a lot of money in cryptocurrency, but it\u2019s hard to value the true amount...many people are using cash, derivative instruments, or have two passports and can open a crypto wallet in someone else\u2019s name.\u201d<\/em><\/strong><\/p>Alexander Filatov, Co-Founder and CEO of TON Labs<\/a><\/cite><\/blockquote>\n\n\n\n

                The statistics offer a snapshot of how widespread cryptocurrency investing has become in Russia being the\u00a0third-biggest<\/a>\u00a0Bitcoin miner in the world, as officials at the central bank push for a blanket ban on the local industry, while the government pursues a softer approach.((https:\/\/www.bloomberg.com\/news\/articles\/2022-02-01\/russia-values-local-crypto-market-at-200-billion-as-rules-near))\u00a0<\/p>\n","post_title":"Russians Own 12% Of The Worlds Cryptocurrencies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"russians-own-12-of-the-worlds-cryptocurrencies","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2023-04-30 21:39:59","post_modified_gmt":"2023-04-30 11:39:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3341,"post_author":"1","post_date":"2022-01-31 22:09:02","post_date_gmt":"2022-01-31 11:09:02","post_content":"\n

                The Russian Government has started the development of a guide that will present limitations on cryptocurrencies.<\/p>\n\n\n\n

                The roadmap presented by the Russian Government and approved by Deputy Chairman Dmitry Chernyshenko will work to ease the adoption of cryptocurrencies while halting financial instability. <\/p>\n\n\n\n

                It will seek to provide a regulatory framework within the cryptocurrency markets having with an emphasis on violations and dangers within the industry.<\/p>\n\n\n\n

                The roadmap goes against the recently proposed blanket ban on cryptocurrencies - as per the Russian Central Bank. Suggesting that crypto-related activities such as payments, exchange, and mining be banned, as it risks financial stability for the citizens of the nation.<\/p>\n\n\n\n

                What Do Russia's Regulations Entail?<\/h2>\n\n\n\n

                The National Bank, through this guide, advocates having an administrative and prohibitive system for cryptocurrencies. This change of position comes after Putin demanded showing up at an agreement in regards to this.<\/p>\n\n\n\n

                Putin has recognized that, although cryptocurrencies convey a specific measure of hazard coming from its volatility, digital currency mining guarantees a ton of upper hand to the country.<\/p>\n\n\n\n

                Since Russia enjoys the benefit of having the option to give cheap power, it will remain the third-biggest country for crypto mining.<\/p>\n\n\n\n

                \"Regulation will only provide the transparency that will ensure the protection of citizens.\"<\/strong><\/em><\/p>Ivan Chebeskov, Head Of The Financial Policy Department<\/cite><\/blockquote>\n\n\n\n

                <\/p>\n","post_title":"Will Russia Ban Bitcoin? Likely Not; Here's Why...","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russia-ban-bitcoin-likely-not-heres-why","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:24","post_modified_gmt":"2023-04-11 02:56:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

              Most Read

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              \n

              Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be \u2018redeemed\u2019 when they decide to. With appropriate regulation, they could provide a more efficient means of payment and widen consumer choice believes Chancellor of the Exchequer, Rishi Sunak.<\/p>\n\n\n\n

              \nhttps:\/\/twitter.com\/RishiSunak\/status\/1510988474215772162?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\n<\/div><\/figure>\n\n\n\n

              This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the release of the 'Royal Mint NFT<\/a>'.<\/p>\n\n\n\n

              The UK will proactively explore the potentially transformative benefits of Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

              It\u2019s my ambition to make the UK a global hub for cryptoasset technology, and the measures we\u2019ve outlined today will help to ensure firms can invest, innovate and scale up in this country.<\/em><\/p>Rishi Sunak, Chancellor of the Exchequer
              <\/a><\/cite><\/blockquote>\n","post_title":"UK Government Adopts Stablecoins As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-adopts-stablecoins-as-legal-tender","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/uk-government-plans-the-royal-mint-nft\/","post_modified":"2023-04-11 12:48:35","post_modified_gmt":"2023-04-11 02:48:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

              The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

              Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

              Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

              \nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

              This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

              \"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

              <\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3646,"post_author":"1","post_date":"2022-02-28 19:09:26","post_date_gmt":"2022-02-28 08:09:26","post_content":"\n

              South Korean Ministry of Science and ICT are in \"fully-fledged support\" for the creation of an Extended Virtual World <\/em>ecosystem.<\/p>\n\n\n\n

              The ministry's official statement <\/a>pledged to donate over $223B Korean Won (US$186.7M) in an attempt to complete 4 main objectives.<\/p>\n\n\n\n

              1. Build A Platform<\/li>
              2. Fostering Professionals<\/li>
              3. Fostering Specialised Companies<\/li>
              4. Creating A Reliable Extended Virtual World Enviroment<\/li><\/ol>\n\n\n\n

                With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

                Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

                Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

                Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

                \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3561,"post_author":"1","post_date":"2022-02-23 18:44:52","post_date_gmt":"2022-02-23 07:44:52","post_content":"\n

                Ontario Superior Court of Justice sent\u00a0Nunchuk<\/a>\u00a0a self-custodial\u00a0Bitcoin wallet\u00a0a\u00a0Mareva Injunction<\/a>, ordering it to freeze and disclose information about the assets involved in the Freedom Convoy 2022 campaign in an effort to derail the funds being sent in support of the truckers protesting Covid-19 restrictions.<\/p>\n\n\n\n

                Nunchuck's official response reads that it is a \u201cself-custodial, collaborative multi-sig Bitcoin wallet\u201d and that it's a \u201csoftware provider, not a custodial financial intermediary.\u201d<\/p>\n\n\n\n

                \nhttps:\/\/twitter.com\/nunchuk_io\/status\/1494885897577271299?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1494885897577271299%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Fbitcoin-wallet-rejects-canadas-court-demand-to-freeze-funds-citing-technically-impossible%2F\n<\/div><\/figure>\n\n\n\n

                Going Against Court Orders<\/h2>\n\n\n\n

                Cryptocurrency is decentralized by nature, it has gained traction was to prevent things like this from happening. So far, it has held up against the legal system.<\/p>\n\n\n\n

                Coinbase CEO, Brian Armstrong claimed it is \u201cconcerning to see stuff like this happening in any country, especially such an economically free place like Canada.\u201d<\/p>\n\n\n\n

                After GoFundMe decided to not distribute $9 million raised<\/a> in support for the truckers, crypto quickly became the main way to donate to the cause. <\/p>\n","post_title":"Canadian Courts Demand To Freeze Funds Rejected By Crypto Wallet","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"canadian-courts-demand-to-freeze-funds-rejected-by-crypto-wallet","to_ping":"","pinged":"","post_modified":"2022-02-23 18:44:58","post_modified_gmt":"2022-02-23 07:44:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3561","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3453,"post_author":"1","post_date":"2022-02-12 17:06:40","post_date_gmt":"2022-02-12 06:06:40","post_content":"\n

                Gy\u00f6rgy Matolcsy, the governor of the Central Bank of Hungary is supporting the proposed crypto ban by the Russian Central Bank, expressing his agreement with the proposal to ban trading and mining of cryptocurrencies.<\/p>\n\n\n\n

                This comes after the recent news<\/a> that the Russian central bank was in support of banning the trading and mining of cryptocurrencies. Matolcsy stated<\/a> that \"it is clear-cut that cryptocurrencies could service illegal activities and tend to build up financial pyramids.\" <\/p>\n\n\n\n

                He also added that the \"growth and market value of cryptocurrencies is defined primarily by speculative demand for future growth, which creates bubbles.\u201d Calling for unity within the EU, Matolcsy wants the EU to \"act together\" in order to preempt the building up of \"new financial pyramids and financial bubbles.\"<\/p>\n\n\n\n

                It seems that he is in support of banning it from the EU, but not worldwide. \"EU citizens and companies would be allowed to own cryptocurrencies abroad and regulators will track their holdings.\" <\/p>\n\n\n\n

                As Matolscy stated above, the growth and market value of cryptocurrencies is defined by speculative demand for future growth, is the support for the ban just a way to see if other countries can manage and regulate cryptocurrencies before he makes a decision on what to do, or is it another technology that isn't fully understood?<\/p>\n","post_title":"Hungarian Central Bank In Support Of Russian Crypto Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"hungarian-central-bank-in-support-of-russian-crypto-ban","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2022-02-12 17:07:44","post_modified_gmt":"2022-02-12 06:07:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3453","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3439,"post_author":"1","post_date":"2022-02-10 21:26:57","post_date_gmt":"2022-02-10 10:26:57","post_content":"\n

                Russians own over $214 Billion worth, or 12% of the total value<\/a> of cryptocurrencies worldwide, according to a Bloomberg report<\/a>. <\/p>\n\n\n\n

                The data coming from the Kremlin and government officials out of Moscow was articulated from analyzing the IP addresses of the most prominent exchange users out of the country along with various other data points, as stated by two officials from Kremlin.<\/p>\n\n\n\n

                The data comes after the Russian government had decided to regulate<\/a> rather than ban cryptocurrencies. The analysis will help articulate an overview of the market to assist in their regulations and should be taken with a grain of salt because of the anonymous nature of cryptocurrencies in general.<\/p>\n\n\n\n

                \u201cRussians really do have a lot of money in cryptocurrency, but it\u2019s hard to value the true amount...many people are using cash, derivative instruments, or have two passports and can open a crypto wallet in someone else\u2019s name.\u201d<\/em><\/strong><\/p>Alexander Filatov, Co-Founder and CEO of TON Labs<\/a><\/cite><\/blockquote>\n\n\n\n

                The statistics offer a snapshot of how widespread cryptocurrency investing has become in Russia being the\u00a0third-biggest<\/a>\u00a0Bitcoin miner in the world, as officials at the central bank push for a blanket ban on the local industry, while the government pursues a softer approach.((https:\/\/www.bloomberg.com\/news\/articles\/2022-02-01\/russia-values-local-crypto-market-at-200-billion-as-rules-near))\u00a0<\/p>\n","post_title":"Russians Own 12% Of The Worlds Cryptocurrencies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"russians-own-12-of-the-worlds-cryptocurrencies","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2023-04-30 21:39:59","post_modified_gmt":"2023-04-30 11:39:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3341,"post_author":"1","post_date":"2022-01-31 22:09:02","post_date_gmt":"2022-01-31 11:09:02","post_content":"\n

                The Russian Government has started the development of a guide that will present limitations on cryptocurrencies.<\/p>\n\n\n\n

                The roadmap presented by the Russian Government and approved by Deputy Chairman Dmitry Chernyshenko will work to ease the adoption of cryptocurrencies while halting financial instability. <\/p>\n\n\n\n

                It will seek to provide a regulatory framework within the cryptocurrency markets having with an emphasis on violations and dangers within the industry.<\/p>\n\n\n\n

                The roadmap goes against the recently proposed blanket ban on cryptocurrencies - as per the Russian Central Bank. Suggesting that crypto-related activities such as payments, exchange, and mining be banned, as it risks financial stability for the citizens of the nation.<\/p>\n\n\n\n

                What Do Russia's Regulations Entail?<\/h2>\n\n\n\n

                The National Bank, through this guide, advocates having an administrative and prohibitive system for cryptocurrencies. This change of position comes after Putin demanded showing up at an agreement in regards to this.<\/p>\n\n\n\n

                Putin has recognized that, although cryptocurrencies convey a specific measure of hazard coming from its volatility, digital currency mining guarantees a ton of upper hand to the country.<\/p>\n\n\n\n

                Since Russia enjoys the benefit of having the option to give cheap power, it will remain the third-biggest country for crypto mining.<\/p>\n\n\n\n

                \"Regulation will only provide the transparency that will ensure the protection of citizens.\"<\/strong><\/em><\/p>Ivan Chebeskov, Head Of The Financial Policy Department<\/cite><\/blockquote>\n\n\n\n

                <\/p>\n","post_title":"Will Russia Ban Bitcoin? Likely Not; Here's Why...","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russia-ban-bitcoin-likely-not-heres-why","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:24","post_modified_gmt":"2023-04-11 02:56:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

              Most Read

              Subscribe To Our Newsletter

              By subscribing, you agree with our privacy and terms.

              Follow The Distributed

              Twitter Instagram Youtube LinkedIn Facebook RSS
              ADVERTISEMENT
              \n

              The treasury believes that regulating stablecoins would ensure that they could be used safely by the public while giving the public the confidence to use digital currencies.<\/p>\n\n\n\n

              Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be \u2018redeemed\u2019 when they decide to. With appropriate regulation, they could provide a more efficient means of payment and widen consumer choice believes Chancellor of the Exchequer, Rishi Sunak.<\/p>\n\n\n\n

              \nhttps:\/\/twitter.com\/RishiSunak\/status\/1510988474215772162?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\n<\/div><\/figure>\n\n\n\n

              This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the release of the 'Royal Mint NFT<\/a>'.<\/p>\n\n\n\n

              The UK will proactively explore the potentially transformative benefits of Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

              It\u2019s my ambition to make the UK a global hub for cryptoasset technology, and the measures we\u2019ve outlined today will help to ensure firms can invest, innovate and scale up in this country.<\/em><\/p>Rishi Sunak, Chancellor of the Exchequer
              <\/a><\/cite><\/blockquote>\n","post_title":"UK Government Adopts Stablecoins As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-adopts-stablecoins-as-legal-tender","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/uk-government-plans-the-royal-mint-nft\/","post_modified":"2023-04-11 12:48:35","post_modified_gmt":"2023-04-11 02:48:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

              The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

              Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

              Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

              \nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

              This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

              \"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

              <\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3646,"post_author":"1","post_date":"2022-02-28 19:09:26","post_date_gmt":"2022-02-28 08:09:26","post_content":"\n

              South Korean Ministry of Science and ICT are in \"fully-fledged support\" for the creation of an Extended Virtual World <\/em>ecosystem.<\/p>\n\n\n\n

              The ministry's official statement <\/a>pledged to donate over $223B Korean Won (US$186.7M) in an attempt to complete 4 main objectives.<\/p>\n\n\n\n

              1. Build A Platform<\/li>
              2. Fostering Professionals<\/li>
              3. Fostering Specialised Companies<\/li>
              4. Creating A Reliable Extended Virtual World Enviroment<\/li><\/ol>\n\n\n\n

                With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

                Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

                Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

                Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

                \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3561,"post_author":"1","post_date":"2022-02-23 18:44:52","post_date_gmt":"2022-02-23 07:44:52","post_content":"\n

                Ontario Superior Court of Justice sent\u00a0Nunchuk<\/a>\u00a0a self-custodial\u00a0Bitcoin wallet\u00a0a\u00a0Mareva Injunction<\/a>, ordering it to freeze and disclose information about the assets involved in the Freedom Convoy 2022 campaign in an effort to derail the funds being sent in support of the truckers protesting Covid-19 restrictions.<\/p>\n\n\n\n

                Nunchuck's official response reads that it is a \u201cself-custodial, collaborative multi-sig Bitcoin wallet\u201d and that it's a \u201csoftware provider, not a custodial financial intermediary.\u201d<\/p>\n\n\n\n

                \nhttps:\/\/twitter.com\/nunchuk_io\/status\/1494885897577271299?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1494885897577271299%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Fbitcoin-wallet-rejects-canadas-court-demand-to-freeze-funds-citing-technically-impossible%2F\n<\/div><\/figure>\n\n\n\n

                Going Against Court Orders<\/h2>\n\n\n\n

                Cryptocurrency is decentralized by nature, it has gained traction was to prevent things like this from happening. So far, it has held up against the legal system.<\/p>\n\n\n\n

                Coinbase CEO, Brian Armstrong claimed it is \u201cconcerning to see stuff like this happening in any country, especially such an economically free place like Canada.\u201d<\/p>\n\n\n\n

                After GoFundMe decided to not distribute $9 million raised<\/a> in support for the truckers, crypto quickly became the main way to donate to the cause. <\/p>\n","post_title":"Canadian Courts Demand To Freeze Funds Rejected By Crypto Wallet","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"canadian-courts-demand-to-freeze-funds-rejected-by-crypto-wallet","to_ping":"","pinged":"","post_modified":"2022-02-23 18:44:58","post_modified_gmt":"2022-02-23 07:44:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3561","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3453,"post_author":"1","post_date":"2022-02-12 17:06:40","post_date_gmt":"2022-02-12 06:06:40","post_content":"\n

                Gy\u00f6rgy Matolcsy, the governor of the Central Bank of Hungary is supporting the proposed crypto ban by the Russian Central Bank, expressing his agreement with the proposal to ban trading and mining of cryptocurrencies.<\/p>\n\n\n\n

                This comes after the recent news<\/a> that the Russian central bank was in support of banning the trading and mining of cryptocurrencies. Matolcsy stated<\/a> that \"it is clear-cut that cryptocurrencies could service illegal activities and tend to build up financial pyramids.\" <\/p>\n\n\n\n

                He also added that the \"growth and market value of cryptocurrencies is defined primarily by speculative demand for future growth, which creates bubbles.\u201d Calling for unity within the EU, Matolcsy wants the EU to \"act together\" in order to preempt the building up of \"new financial pyramids and financial bubbles.\"<\/p>\n\n\n\n

                It seems that he is in support of banning it from the EU, but not worldwide. \"EU citizens and companies would be allowed to own cryptocurrencies abroad and regulators will track their holdings.\" <\/p>\n\n\n\n

                As Matolscy stated above, the growth and market value of cryptocurrencies is defined by speculative demand for future growth, is the support for the ban just a way to see if other countries can manage and regulate cryptocurrencies before he makes a decision on what to do, or is it another technology that isn't fully understood?<\/p>\n","post_title":"Hungarian Central Bank In Support Of Russian Crypto Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"hungarian-central-bank-in-support-of-russian-crypto-ban","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2022-02-12 17:07:44","post_modified_gmt":"2022-02-12 06:07:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3453","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3439,"post_author":"1","post_date":"2022-02-10 21:26:57","post_date_gmt":"2022-02-10 10:26:57","post_content":"\n

                Russians own over $214 Billion worth, or 12% of the total value<\/a> of cryptocurrencies worldwide, according to a Bloomberg report<\/a>. <\/p>\n\n\n\n

                The data coming from the Kremlin and government officials out of Moscow was articulated from analyzing the IP addresses of the most prominent exchange users out of the country along with various other data points, as stated by two officials from Kremlin.<\/p>\n\n\n\n

                The data comes after the Russian government had decided to regulate<\/a> rather than ban cryptocurrencies. The analysis will help articulate an overview of the market to assist in their regulations and should be taken with a grain of salt because of the anonymous nature of cryptocurrencies in general.<\/p>\n\n\n\n

                \u201cRussians really do have a lot of money in cryptocurrency, but it\u2019s hard to value the true amount...many people are using cash, derivative instruments, or have two passports and can open a crypto wallet in someone else\u2019s name.\u201d<\/em><\/strong><\/p>Alexander Filatov, Co-Founder and CEO of TON Labs<\/a><\/cite><\/blockquote>\n\n\n\n

                The statistics offer a snapshot of how widespread cryptocurrency investing has become in Russia being the\u00a0third-biggest<\/a>\u00a0Bitcoin miner in the world, as officials at the central bank push for a blanket ban on the local industry, while the government pursues a softer approach.((https:\/\/www.bloomberg.com\/news\/articles\/2022-02-01\/russia-values-local-crypto-market-at-200-billion-as-rules-near))\u00a0<\/p>\n","post_title":"Russians Own 12% Of The Worlds Cryptocurrencies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"russians-own-12-of-the-worlds-cryptocurrencies","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2023-04-30 21:39:59","post_modified_gmt":"2023-04-30 11:39:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3341,"post_author":"1","post_date":"2022-01-31 22:09:02","post_date_gmt":"2022-01-31 11:09:02","post_content":"\n

                The Russian Government has started the development of a guide that will present limitations on cryptocurrencies.<\/p>\n\n\n\n

                The roadmap presented by the Russian Government and approved by Deputy Chairman Dmitry Chernyshenko will work to ease the adoption of cryptocurrencies while halting financial instability. <\/p>\n\n\n\n

                It will seek to provide a regulatory framework within the cryptocurrency markets having with an emphasis on violations and dangers within the industry.<\/p>\n\n\n\n

                The roadmap goes against the recently proposed blanket ban on cryptocurrencies - as per the Russian Central Bank. Suggesting that crypto-related activities such as payments, exchange, and mining be banned, as it risks financial stability for the citizens of the nation.<\/p>\n\n\n\n

                What Do Russia's Regulations Entail?<\/h2>\n\n\n\n

                The National Bank, through this guide, advocates having an administrative and prohibitive system for cryptocurrencies. This change of position comes after Putin demanded showing up at an agreement in regards to this.<\/p>\n\n\n\n

                Putin has recognized that, although cryptocurrencies convey a specific measure of hazard coming from its volatility, digital currency mining guarantees a ton of upper hand to the country.<\/p>\n\n\n\n

                Since Russia enjoys the benefit of having the option to give cheap power, it will remain the third-biggest country for crypto mining.<\/p>\n\n\n\n

                \"Regulation will only provide the transparency that will ensure the protection of citizens.\"<\/strong><\/em><\/p>Ivan Chebeskov, Head Of The Financial Policy Department<\/cite><\/blockquote>\n\n\n\n

                <\/p>\n","post_title":"Will Russia Ban Bitcoin? Likely Not; Here's Why...","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russia-ban-bitcoin-likely-not-heres-why","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:24","post_modified_gmt":"2023-04-11 02:56:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

              Most Read

              Subscribe To Our Newsletter

              By subscribing, you agree with our privacy and terms.

              Follow The Distributed

              Twitter Instagram Youtube LinkedIn Facebook RSS
              ADVERTISEMENT
              \n

              The United Kingdom government has announced its plans<\/a> to recognize stablecoins<\/a> as a \"valid form of payment as part of wider plans to make Britain a global hub for crypto-asset technology and investment.\"<\/p>\n\n\n\n

              The treasury believes that regulating stablecoins would ensure that they could be used safely by the public while giving the public the confidence to use digital currencies.<\/p>\n\n\n\n

              Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be \u2018redeemed\u2019 when they decide to. With appropriate regulation, they could provide a more efficient means of payment and widen consumer choice believes Chancellor of the Exchequer, Rishi Sunak.<\/p>\n\n\n\n

              \nhttps:\/\/twitter.com\/RishiSunak\/status\/1510988474215772162?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\n<\/div><\/figure>\n\n\n\n

              This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the release of the 'Royal Mint NFT<\/a>'.<\/p>\n\n\n\n

              The UK will proactively explore the potentially transformative benefits of Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

              It\u2019s my ambition to make the UK a global hub for cryptoasset technology, and the measures we\u2019ve outlined today will help to ensure firms can invest, innovate and scale up in this country.<\/em><\/p>Rishi Sunak, Chancellor of the Exchequer
              <\/a><\/cite><\/blockquote>\n","post_title":"UK Government Adopts Stablecoins As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-adopts-stablecoins-as-legal-tender","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/uk-government-plans-the-royal-mint-nft\/","post_modified":"2023-04-11 12:48:35","post_modified_gmt":"2023-04-11 02:48:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

              The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

              Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

              Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

              \nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

              This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

              \"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

              <\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3646,"post_author":"1","post_date":"2022-02-28 19:09:26","post_date_gmt":"2022-02-28 08:09:26","post_content":"\n

              South Korean Ministry of Science and ICT are in \"fully-fledged support\" for the creation of an Extended Virtual World <\/em>ecosystem.<\/p>\n\n\n\n

              The ministry's official statement <\/a>pledged to donate over $223B Korean Won (US$186.7M) in an attempt to complete 4 main objectives.<\/p>\n\n\n\n

              1. Build A Platform<\/li>
              2. Fostering Professionals<\/li>
              3. Fostering Specialised Companies<\/li>
              4. Creating A Reliable Extended Virtual World Enviroment<\/li><\/ol>\n\n\n\n

                With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

                Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

                Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

                Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

                \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3561,"post_author":"1","post_date":"2022-02-23 18:44:52","post_date_gmt":"2022-02-23 07:44:52","post_content":"\n

                Ontario Superior Court of Justice sent\u00a0Nunchuk<\/a>\u00a0a self-custodial\u00a0Bitcoin wallet\u00a0a\u00a0Mareva Injunction<\/a>, ordering it to freeze and disclose information about the assets involved in the Freedom Convoy 2022 campaign in an effort to derail the funds being sent in support of the truckers protesting Covid-19 restrictions.<\/p>\n\n\n\n

                Nunchuck's official response reads that it is a \u201cself-custodial, collaborative multi-sig Bitcoin wallet\u201d and that it's a \u201csoftware provider, not a custodial financial intermediary.\u201d<\/p>\n\n\n\n

                \nhttps:\/\/twitter.com\/nunchuk_io\/status\/1494885897577271299?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1494885897577271299%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Fbitcoin-wallet-rejects-canadas-court-demand-to-freeze-funds-citing-technically-impossible%2F\n<\/div><\/figure>\n\n\n\n

                Going Against Court Orders<\/h2>\n\n\n\n

                Cryptocurrency is decentralized by nature, it has gained traction was to prevent things like this from happening. So far, it has held up against the legal system.<\/p>\n\n\n\n

                Coinbase CEO, Brian Armstrong claimed it is \u201cconcerning to see stuff like this happening in any country, especially such an economically free place like Canada.\u201d<\/p>\n\n\n\n

                After GoFundMe decided to not distribute $9 million raised<\/a> in support for the truckers, crypto quickly became the main way to donate to the cause. <\/p>\n","post_title":"Canadian Courts Demand To Freeze Funds Rejected By Crypto Wallet","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"canadian-courts-demand-to-freeze-funds-rejected-by-crypto-wallet","to_ping":"","pinged":"","post_modified":"2022-02-23 18:44:58","post_modified_gmt":"2022-02-23 07:44:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3561","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3453,"post_author":"1","post_date":"2022-02-12 17:06:40","post_date_gmt":"2022-02-12 06:06:40","post_content":"\n

                Gy\u00f6rgy Matolcsy, the governor of the Central Bank of Hungary is supporting the proposed crypto ban by the Russian Central Bank, expressing his agreement with the proposal to ban trading and mining of cryptocurrencies.<\/p>\n\n\n\n

                This comes after the recent news<\/a> that the Russian central bank was in support of banning the trading and mining of cryptocurrencies. Matolcsy stated<\/a> that \"it is clear-cut that cryptocurrencies could service illegal activities and tend to build up financial pyramids.\" <\/p>\n\n\n\n

                He also added that the \"growth and market value of cryptocurrencies is defined primarily by speculative demand for future growth, which creates bubbles.\u201d Calling for unity within the EU, Matolcsy wants the EU to \"act together\" in order to preempt the building up of \"new financial pyramids and financial bubbles.\"<\/p>\n\n\n\n

                It seems that he is in support of banning it from the EU, but not worldwide. \"EU citizens and companies would be allowed to own cryptocurrencies abroad and regulators will track their holdings.\" <\/p>\n\n\n\n

                As Matolscy stated above, the growth and market value of cryptocurrencies is defined by speculative demand for future growth, is the support for the ban just a way to see if other countries can manage and regulate cryptocurrencies before he makes a decision on what to do, or is it another technology that isn't fully understood?<\/p>\n","post_title":"Hungarian Central Bank In Support Of Russian Crypto Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"hungarian-central-bank-in-support-of-russian-crypto-ban","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2022-02-12 17:07:44","post_modified_gmt":"2022-02-12 06:07:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3453","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3439,"post_author":"1","post_date":"2022-02-10 21:26:57","post_date_gmt":"2022-02-10 10:26:57","post_content":"\n

                Russians own over $214 Billion worth, or 12% of the total value<\/a> of cryptocurrencies worldwide, according to a Bloomberg report<\/a>. <\/p>\n\n\n\n

                The data coming from the Kremlin and government officials out of Moscow was articulated from analyzing the IP addresses of the most prominent exchange users out of the country along with various other data points, as stated by two officials from Kremlin.<\/p>\n\n\n\n

                The data comes after the Russian government had decided to regulate<\/a> rather than ban cryptocurrencies. The analysis will help articulate an overview of the market to assist in their regulations and should be taken with a grain of salt because of the anonymous nature of cryptocurrencies in general.<\/p>\n\n\n\n

                \u201cRussians really do have a lot of money in cryptocurrency, but it\u2019s hard to value the true amount...many people are using cash, derivative instruments, or have two passports and can open a crypto wallet in someone else\u2019s name.\u201d<\/em><\/strong><\/p>Alexander Filatov, Co-Founder and CEO of TON Labs<\/a><\/cite><\/blockquote>\n\n\n\n

                The statistics offer a snapshot of how widespread cryptocurrency investing has become in Russia being the\u00a0third-biggest<\/a>\u00a0Bitcoin miner in the world, as officials at the central bank push for a blanket ban on the local industry, while the government pursues a softer approach.((https:\/\/www.bloomberg.com\/news\/articles\/2022-02-01\/russia-values-local-crypto-market-at-200-billion-as-rules-near))\u00a0<\/p>\n","post_title":"Russians Own 12% Of The Worlds Cryptocurrencies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"russians-own-12-of-the-worlds-cryptocurrencies","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2023-04-30 21:39:59","post_modified_gmt":"2023-04-30 11:39:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3341,"post_author":"1","post_date":"2022-01-31 22:09:02","post_date_gmt":"2022-01-31 11:09:02","post_content":"\n

                The Russian Government has started the development of a guide that will present limitations on cryptocurrencies.<\/p>\n\n\n\n

                The roadmap presented by the Russian Government and approved by Deputy Chairman Dmitry Chernyshenko will work to ease the adoption of cryptocurrencies while halting financial instability. <\/p>\n\n\n\n

                It will seek to provide a regulatory framework within the cryptocurrency markets having with an emphasis on violations and dangers within the industry.<\/p>\n\n\n\n

                The roadmap goes against the recently proposed blanket ban on cryptocurrencies - as per the Russian Central Bank. Suggesting that crypto-related activities such as payments, exchange, and mining be banned, as it risks financial stability for the citizens of the nation.<\/p>\n\n\n\n

                What Do Russia's Regulations Entail?<\/h2>\n\n\n\n

                The National Bank, through this guide, advocates having an administrative and prohibitive system for cryptocurrencies. This change of position comes after Putin demanded showing up at an agreement in regards to this.<\/p>\n\n\n\n

                Putin has recognized that, although cryptocurrencies convey a specific measure of hazard coming from its volatility, digital currency mining guarantees a ton of upper hand to the country.<\/p>\n\n\n\n

                Since Russia enjoys the benefit of having the option to give cheap power, it will remain the third-biggest country for crypto mining.<\/p>\n\n\n\n

                \"Regulation will only provide the transparency that will ensure the protection of citizens.\"<\/strong><\/em><\/p>Ivan Chebeskov, Head Of The Financial Policy Department<\/cite><\/blockquote>\n\n\n\n

                <\/p>\n","post_title":"Will Russia Ban Bitcoin? Likely Not; Here's Why...","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russia-ban-bitcoin-likely-not-heres-why","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:24","post_modified_gmt":"2023-04-11 02:56:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

              Most Read

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              \n

              See Related:<\/em><\/strong> Indian Parliament Passes A 30% Crypto Tax Law<\/a><\/p>\n","post_title":"D.C. Attorney General Seeks To Collect $100M In Unpaid Taxes From Michael Saylor","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"d-c-attorney-general-seeks-to-collect-100m-in-unpaid-taxes-from-michael-saylor","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/indian-parliament-passes-a-30-crypto-tax-law\/","post_modified":"2022-09-04 22:27:03","post_modified_gmt":"2022-09-04 12:27:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6898","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4234,"post_author":"1","post_date":"2022-04-05 21:43:54","post_date_gmt":"2022-04-05 11:43:54","post_content":"\n

              The United Kingdom government has announced its plans<\/a> to recognize stablecoins<\/a> as a \"valid form of payment as part of wider plans to make Britain a global hub for crypto-asset technology and investment.\"<\/p>\n\n\n\n

              The treasury believes that regulating stablecoins would ensure that they could be used safely by the public while giving the public the confidence to use digital currencies.<\/p>\n\n\n\n

              Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be \u2018redeemed\u2019 when they decide to. With appropriate regulation, they could provide a more efficient means of payment and widen consumer choice believes Chancellor of the Exchequer, Rishi Sunak.<\/p>\n\n\n\n

              \nhttps:\/\/twitter.com\/RishiSunak\/status\/1510988474215772162?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\n<\/div><\/figure>\n\n\n\n

              This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the release of the 'Royal Mint NFT<\/a>'.<\/p>\n\n\n\n

              The UK will proactively explore the potentially transformative benefits of Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

              It\u2019s my ambition to make the UK a global hub for cryptoasset technology, and the measures we\u2019ve outlined today will help to ensure firms can invest, innovate and scale up in this country.<\/em><\/p>Rishi Sunak, Chancellor of the Exchequer
              <\/a><\/cite><\/blockquote>\n","post_title":"UK Government Adopts Stablecoins As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-adopts-stablecoins-as-legal-tender","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/uk-government-plans-the-royal-mint-nft\/","post_modified":"2023-04-11 12:48:35","post_modified_gmt":"2023-04-11 02:48:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

              The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

              Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

              Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

              \nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

              This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

              \"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

              <\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3646,"post_author":"1","post_date":"2022-02-28 19:09:26","post_date_gmt":"2022-02-28 08:09:26","post_content":"\n

              South Korean Ministry of Science and ICT are in \"fully-fledged support\" for the creation of an Extended Virtual World <\/em>ecosystem.<\/p>\n\n\n\n

              The ministry's official statement <\/a>pledged to donate over $223B Korean Won (US$186.7M) in an attempt to complete 4 main objectives.<\/p>\n\n\n\n

              1. Build A Platform<\/li>
              2. Fostering Professionals<\/li>
              3. Fostering Specialised Companies<\/li>
              4. Creating A Reliable Extended Virtual World Enviroment<\/li><\/ol>\n\n\n\n

                With the completion of these objectives, the ministry will attempt to use its \"Metaverse\" to create a decentralized creator economy. With plans to expand the virtual growth of cities, education, and media.<\/p>\n\n\n\n

                Above all, the ministry expects its metaverse to have a global influence. The metaverse will provide seamless access to South Korean companies over time. <\/p>\n\n\n\n

                Together with financial and technological support to companies leading the expanded virtual world industry, South Korea aims to provide a lot of corporate support for developers.<\/p>\n\n\n\n

                Meanwhile, a broad government council is in the works to tackle issues in the virtual space. Issues such as personal information and intellectual property protection, and supervision of illegal acts.\u00a0<\/p>\n\n\n\n

                \"We will spare no effort to support domestic companies, young developers, and creators so that they can find new growth opportunities in the infinite digital economy territory created by the expanded virtual world and open up a healthy expanded virtual world.<\/strong>\u201d<\/p>Park Yun-gyu, Head of Information and Communication Policy, Ministry of Science and ICT<\/strong><\/cite><\/blockquote>\n","post_title":"South Korean Government To Invest $187M Into The Metaverse","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"south-korean-government-to-invest-187m-into-the-metaverse","to_ping":"","pinged":"","post_modified":"2023-04-11 12:53:46","post_modified_gmt":"2023-04-11 02:53:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3646","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3561,"post_author":"1","post_date":"2022-02-23 18:44:52","post_date_gmt":"2022-02-23 07:44:52","post_content":"\n

                Ontario Superior Court of Justice sent\u00a0Nunchuk<\/a>\u00a0a self-custodial\u00a0Bitcoin wallet\u00a0a\u00a0Mareva Injunction<\/a>, ordering it to freeze and disclose information about the assets involved in the Freedom Convoy 2022 campaign in an effort to derail the funds being sent in support of the truckers protesting Covid-19 restrictions.<\/p>\n\n\n\n

                Nunchuck's official response reads that it is a \u201cself-custodial, collaborative multi-sig Bitcoin wallet\u201d and that it's a \u201csoftware provider, not a custodial financial intermediary.\u201d<\/p>\n\n\n\n

                \nhttps:\/\/twitter.com\/nunchuk_io\/status\/1494885897577271299?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1494885897577271299%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Fbitcoin-wallet-rejects-canadas-court-demand-to-freeze-funds-citing-technically-impossible%2F\n<\/div><\/figure>\n\n\n\n

                Going Against Court Orders<\/h2>\n\n\n\n

                Cryptocurrency is decentralized by nature, it has gained traction was to prevent things like this from happening. So far, it has held up against the legal system.<\/p>\n\n\n\n

                Coinbase CEO, Brian Armstrong claimed it is \u201cconcerning to see stuff like this happening in any country, especially such an economically free place like Canada.\u201d<\/p>\n\n\n\n

                After GoFundMe decided to not distribute $9 million raised<\/a> in support for the truckers, crypto quickly became the main way to donate to the cause. <\/p>\n","post_title":"Canadian Courts Demand To Freeze Funds Rejected By Crypto Wallet","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"canadian-courts-demand-to-freeze-funds-rejected-by-crypto-wallet","to_ping":"","pinged":"","post_modified":"2022-02-23 18:44:58","post_modified_gmt":"2022-02-23 07:44:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3561","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3453,"post_author":"1","post_date":"2022-02-12 17:06:40","post_date_gmt":"2022-02-12 06:06:40","post_content":"\n

                Gy\u00f6rgy Matolcsy, the governor of the Central Bank of Hungary is supporting the proposed crypto ban by the Russian Central Bank, expressing his agreement with the proposal to ban trading and mining of cryptocurrencies.<\/p>\n\n\n\n

                This comes after the recent news<\/a> that the Russian central bank was in support of banning the trading and mining of cryptocurrencies. Matolcsy stated<\/a> that \"it is clear-cut that cryptocurrencies could service illegal activities and tend to build up financial pyramids.\" <\/p>\n\n\n\n

                He also added that the \"growth and market value of cryptocurrencies is defined primarily by speculative demand for future growth, which creates bubbles.\u201d Calling for unity within the EU, Matolcsy wants the EU to \"act together\" in order to preempt the building up of \"new financial pyramids and financial bubbles.\"<\/p>\n\n\n\n

                It seems that he is in support of banning it from the EU, but not worldwide. \"EU citizens and companies would be allowed to own cryptocurrencies abroad and regulators will track their holdings.\" <\/p>\n\n\n\n

                As Matolscy stated above, the growth and market value of cryptocurrencies is defined by speculative demand for future growth, is the support for the ban just a way to see if other countries can manage and regulate cryptocurrencies before he makes a decision on what to do, or is it another technology that isn't fully understood?<\/p>\n","post_title":"Hungarian Central Bank In Support Of Russian Crypto Ban","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"hungarian-central-bank-in-support-of-russian-crypto-ban","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2022-02-12 17:07:44","post_modified_gmt":"2022-02-12 06:07:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3453","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3439,"post_author":"1","post_date":"2022-02-10 21:26:57","post_date_gmt":"2022-02-10 10:26:57","post_content":"\n

                Russians own over $214 Billion worth, or 12% of the total value<\/a> of cryptocurrencies worldwide, according to a Bloomberg report<\/a>. <\/p>\n\n\n\n

                The data coming from the Kremlin and government officials out of Moscow was articulated from analyzing the IP addresses of the most prominent exchange users out of the country along with various other data points, as stated by two officials from Kremlin.<\/p>\n\n\n\n

                The data comes after the Russian government had decided to regulate<\/a> rather than ban cryptocurrencies. The analysis will help articulate an overview of the market to assist in their regulations and should be taken with a grain of salt because of the anonymous nature of cryptocurrencies in general.<\/p>\n\n\n\n

                \u201cRussians really do have a lot of money in cryptocurrency, but it\u2019s hard to value the true amount...many people are using cash, derivative instruments, or have two passports and can open a crypto wallet in someone else\u2019s name.\u201d<\/em><\/strong><\/p>Alexander Filatov, Co-Founder and CEO of TON Labs<\/a><\/cite><\/blockquote>\n\n\n\n

                The statistics offer a snapshot of how widespread cryptocurrency investing has become in Russia being the\u00a0third-biggest<\/a>\u00a0Bitcoin miner in the world, as officials at the central bank push for a blanket ban on the local industry, while the government pursues a softer approach.((https:\/\/www.bloomberg.com\/news\/articles\/2022-02-01\/russia-values-local-crypto-market-at-200-billion-as-rules-near))\u00a0<\/p>\n","post_title":"Russians Own 12% Of The Worlds Cryptocurrencies","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"russians-own-12-of-the-worlds-cryptocurrencies","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/will-russia-ban-bitcoin-likely-not-heres-why\/","post_modified":"2023-04-30 21:39:59","post_modified_gmt":"2023-04-30 11:39:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3439","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3341,"post_author":"1","post_date":"2022-01-31 22:09:02","post_date_gmt":"2022-01-31 11:09:02","post_content":"\n

                The Russian Government has started the development of a guide that will present limitations on cryptocurrencies.<\/p>\n\n\n\n

                The roadmap presented by the Russian Government and approved by Deputy Chairman Dmitry Chernyshenko will work to ease the adoption of cryptocurrencies while halting financial instability. <\/p>\n\n\n\n

                It will seek to provide a regulatory framework within the cryptocurrency markets having with an emphasis on violations and dangers within the industry.<\/p>\n\n\n\n

                The roadmap goes against the recently proposed blanket ban on cryptocurrencies - as per the Russian Central Bank. Suggesting that crypto-related activities such as payments, exchange, and mining be banned, as it risks financial stability for the citizens of the nation.<\/p>\n\n\n\n

                What Do Russia's Regulations Entail?<\/h2>\n\n\n\n

                The National Bank, through this guide, advocates having an administrative and prohibitive system for cryptocurrencies. This change of position comes after Putin demanded showing up at an agreement in regards to this.<\/p>\n\n\n\n

                Putin has recognized that, although cryptocurrencies convey a specific measure of hazard coming from its volatility, digital currency mining guarantees a ton of upper hand to the country.<\/p>\n\n\n\n

                Since Russia enjoys the benefit of having the option to give cheap power, it will remain the third-biggest country for crypto mining.<\/p>\n\n\n\n

                \"Regulation will only provide the transparency that will ensure the protection of citizens.\"<\/strong><\/em><\/p>Ivan Chebeskov, Head Of The Financial Policy Department<\/cite><\/blockquote>\n\n\n\n

                <\/p>\n","post_title":"Will Russia Ban Bitcoin? Likely Not; Here's Why...","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"will-russia-ban-bitcoin-likely-not-heres-why","to_ping":"","pinged":"","post_modified":"2023-04-11 12:56:24","post_modified_gmt":"2023-04-11 02:56:24","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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