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US Treasury Secretary Steven Mnuchin Comes Out Against Crypto
The United States Treasury Secretary, Steven Mnuchin, has come out hard against crypto. This comes after the United States President Donald Trump recently shared some anti-crypto tweets on Twitter. Mnuchin: Crypto can be used for illicit activities Specifically, Mnuchin’s crypto-averse comments came at a press conference on July 15th. Furthermore, Mnuchin said that cryptocurrencies can potentially be used for illicit activities, and highlights the importance of enforcing FinCEN regulations for…
Cryptocurrency Governments
Iranian Assistant Minister Accuses United States of Blocking Cryptos and Mining
Saeed Zarandi, Iran’s Assistant Minister of Trade, Industry, and Supply has said that the US Congress is attempting to stop Iran’s access to cryptos and cryptos mining. Specifically, this comes as Iran has recently begun showcasing plans for a massive crypto mining facility. US Congress reportedly worries Iran can evade sanctions with crypto This news first broke in a report from the Iranian news service Al-Farsi. According to the report,…
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South Korea’s Second Largest City Considers Launching Local Cryptocurrency
The second-most populous city in South Korea, Busan, is reportedly considering launching a local cryptocurrency. This crypto would supposedly take the form of a stablecoin pegged to the South Korean won. Busan, South Korea, plans local cryptocurrency This news comes from the South Korean technology news outlet ETnews. What’s more, the report supposedly details how the city of Busan would develop the stablecoin together with BNK Busan Bank.  BNK Busan…
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Report Indicates Crypto Trading Will Soon Become Legal in Russia
The Russian Ministry of Finance is reportedly considering to make crypto trading legal in Russia. This rumored decision to allow cryptocurrencies as payment in Russia comes as the crypto market continues a bull run. Could a new bill soon make crypto trading legal in Russia? Specifically, this latest report comes from a recent article by the Russian news service Interfax. According to the report, the Russian Deputy Minister of Finance,…