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Provision Allowing Cryptocurrency Payments in Foreign Trade Added to Russian Bill

Provision Allowing Cryptocurrency Payments in Foreign Trade Added to Russian Bill

A proposal to permit companies to use cryptocurrency in cross-border settlements has made its way to a draft law designed to regulate Russia’s crypto space this year. According to a press report, the finance ministry has introduced a number of revisions to the legislation it has been working on in the past few months. Changes …

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WAVES Announces DeFi Revival Plan To Fix the Aftermath of USDN’s Depeg and the Liquidity Crisis at Vires Finance

WAVES Announces DeFi Revival Plan To Fix the Aftermath of USDN’s Depeg and the Liquidity Crisis at Vires Finance

Quick take: The team at Waves (WAVES) has announced a DeFi revival plan meant to make its users whole and restore the full functioning of protocols in its ecosystem. The plan aims to fix USDN’s depeg and the liquidity crisis (a bank run) that soon followed on Vires Finance. Waves’ plan will consist of four …

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Russian Finance Ministry Calls On Crypto for International Settlements

Russian Finance Ministry Calls On Crypto for International Settlements

The Russian Ministry of Finance submitted a new draft of a bill that calls for using crypto for international settlements payments. The bill, “On Digital Currencies,” was introduced in February, which would remedy previous drafts seeking to ban crypto as a form of payment, rather than exploring its merits as an investment vehicle. The new …

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