Sanctioned Moscow Exchange to list bitcoin and Tether's USDT in December

·6 views

Russia's main stock exchange, the Moscow Exchange, which is under U.S. sanctions, plans to list bitcoin and Tether's USDT stablecoin in December. The move aims to bring back into the country crypto trading that Russians currently conduct abroad. One of the coins slated for listing is issued by a company that freezes wallets appearing on the U.S. sanctions list. The article highlights the tension between Russia's effort to retain domestic crypto activity and the sanctions regime targeting both the exchange and the issuer.

Read the full story at CoinDesk

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Zcash grants committee drops plan to redirect 98,000 ZEC to mining rewards

The Zcash grants committee has withdrawn its proposal to send 98,000 ZEC toward future mining rewards. The decision followed strong pushback from the community. Competing proposals remain under consideration, including one that would cut off the committee's funding and another that would keep the existing grants system in place. The source article provides few further details on the timeline or the specifics of the competing plans.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Bitcoin nears $78,000 in V-shaped rebound as U.S. midterm uncertainty eases

Bitcoin is climbing sharply and approaching the $78,000 level in what analysts describe as a V-shaped recovery. The rally is being attributed to fading uncertainty surrounding the U.S. midterm elections. Investors appear to be returning to the cryptocurrency as political risk concerns recede. The source article provides limited detail beyond this price movement and its stated cause.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Block Faces $764 Million DOJ Settlement as Bitcoin Profit Halves

Jack Dorsey's payments company Block has proposed a $764 million settlement with the U.S. Department of Justice. The agreement would resolve a federal investigation into anti-money-laundering compliance. Separately, lower trading fees on Cash App cut Block's quarterly bitcoin gross profit by roughly half. The article reports these two developments together, though the source text provides limited detail on the investigation's specifics.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

South Korea's ruling party moves to delay crypto tax by roughly two years

South Korea's ruling party is proposing to postpone the country's cryptocurrency tax by about two years. The move reflects a wait for global tax-sharing rules to take shape. Lawmakers are also tying the timing to the development of a new digital assets law. The proposal would extend an already repeatedly delayed tax regime. The article describes this as the latest postponement in a long-running policy debate.

0 comments Read more at CoinDesk