Economy

The latest report from the international financial regulator IMF examines the role and liability of cryptocurrencies and defi in the global financial system.

Regardless of the transformation cryptocurrency has introduced in the payment and  transaction industry, digital assets are still facing resistance in some countries. A good number of governments have shown concerns of cryptocurrency threatening their traditional fiat currency,  finance and economy.

The issue of legalizing the mining of cryptocurrencies in Russia is not new. However, now the country's Energy Ministry is emphasizing the need to create a proper framework so that the economy can benefit from it.

Russia is facing tough restrictions that could push the country into complete economic isolation. In such a situation, it is only natural to look for alternatives that will help circumvent the restrictions and maintain international relations.

Kazakhstan's Energy Ministry is redoubling its efforts to fight illegal cryptocurrency mining. This week, 13 illegal facilities with a total capacity of over 200 Wt were discovered and shut down.

Recent years have passed under the sign of the coronavirus pandemic, which has had a significant impact on the global economy and the way of life of people in general.

The latest headlines highlight that the Metaverse is really here to stay and to make a difference. It is not just about games and AR, it is about economy, politics and life! Just have a look!

The government of Belarus is working on changes to current legislation to incentivize investment. Among other things, investment funds will be given access to cryptocurrencies.

El Salvador is improving its bitcoin circulation infrastructure despite warnings from the IMF. It seems that the country is looking for a way to become truly independent.