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Is Russia's Crypto Revolution Here & How Will US Move Forward?

Russian central bank moves forward while US voters & regulators remain deadlocked in debate

Author

Austin Hodge
August 16, 2024 • Read Time: 11 minutes

In a bold move that could reshape the global crypto landscape, Moscow’s ministers and the Central Bank are hashing out plans to legitimize and regulate Russian cryptocurrency exchanges. With Anton Siluanov, the Minister of Finance, spearheading these discussions, the aim is to create a legal framework that pulls Russian crypto out of the regulatory grey zone.

While Russian crypto miners will have to decide whether to sell their assets overseas or flood the domestic market if a crypto exchange emerges, South Korea’s Public Pension bets on Microstrategy success, and US regulators and voters continue battling over who should handle the crypto question (and how).

Oh yeah, and did I mention that $1.86 Billion in Bitcoin options are set to expire today?

Let's dive in!

  • Russian officials discuss plans to create legal crypto exchanges, aiming to regulate the sector by the fall session. — Read More

  • World’s 3rd largest public pension fund (South Korea’s NPS) invests $33.75M in MicroStrategy and sells Coinbase shares, seeking to diversify risk and generate higher yields. — Read More

  • Senate Majority Leader Schumer anticipates bipartisan crypto legislation could pass in 2024. — Read More

  • Trump Jr. debuts 'The DeFiant Ones' Telegram channel, teasing the Trump family's upcoming crypto venture. — Read More

  • MetaMask partners with Mastercard to introduce a crypto debit card, letting users spend directly from their wallet. — Read More

  • WazirX will undergo an eight-hour maintenance to restore account balances post-hack, impacting all services. — Read More

  • Wall Street sees crypto as a crucial election issue but is split on whether Trump or Harris is better for the industry. — Read More

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