Multipolar Market
Russian Finance Ministry backs tax on crypto mining The Ministry of Finance of Russia supported the idea of taxing miners involved in cryptocurrency mining. Chairman of the State Duma Committee on Financial Market Anatoly Aksakov noted that the form of…
Lawmakers propose crypto tax to fund EU budget
Lawmakers in the European Parliament proposed a tax on crypto assets to fund the European Union's €170 billion ($185 billion) annual budget.
Options include taxes on investors' capital gains, transactions or mining.
The draft report for the Parliament’s budget committee "suggests the introduction of a European tax on crypto assets, whose revenues would flow into the European budget."
"Regulating and taxing crypto assets at the EU level is more efficient than at national level given their high mobility and cross-border dimension," the report says.
Other lawmakers on the committee have until February 2 to propose changes.
EU lawmakers are also considering taxes on corporate profits, carbon-intensive imports and financial transactions to fund the bloc's budget, which is currently largely financed by national contributions.
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Lawmakers in the European Parliament proposed a tax on crypto assets to fund the European Union's €170 billion ($185 billion) annual budget.
Options include taxes on investors' capital gains, transactions or mining.
The draft report for the Parliament’s budget committee "suggests the introduction of a European tax on crypto assets, whose revenues would flow into the European budget."
"Regulating and taxing crypto assets at the EU level is more efficient than at national level given their high mobility and cross-border dimension," the report says.
Other lawmakers on the committee have until February 2 to propose changes.
EU lawmakers are also considering taxes on corporate profits, carbon-intensive imports and financial transactions to fund the bloc's budget, which is currently largely financed by national contributions.
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US Senate introduces PELOSI Act to bar lawmakers from trading stocks and profiting
On Tuesday, Republican Senator Josh Hawley introduced the PELOSI Act, officially the Preventing Elected Leaders from Owning Securities and Investments Act, requiring Congress members and their spouses to divest any holdings or put them in a blind trust within 6 months of entering office.
"Members of Congress and their spouses shouldn’t be using their position to get rich on the stock market," Hawley tweeted Tuesday.
Hawley’s bill also excludes mutual funds, exchange-traded funds and Treasury bonds purchases and requires any profits made by lawmakers be returned to US taxpayers.
The bill comes after it was revealed last year that Nancy Pelosi's husband, Paul Pelosi, traded $1 million to $5 million of stocks for semiconductor days before Congress allocated $52 million to the industry. The stocks were later sold at a loss to remove the appearance of impropriety. There were no legal implications.
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On Tuesday, Republican Senator Josh Hawley introduced the PELOSI Act, officially the Preventing Elected Leaders from Owning Securities and Investments Act, requiring Congress members and their spouses to divest any holdings or put them in a blind trust within 6 months of entering office.
"Members of Congress and their spouses shouldn’t be using their position to get rich on the stock market," Hawley tweeted Tuesday.
Hawley’s bill also excludes mutual funds, exchange-traded funds and Treasury bonds purchases and requires any profits made by lawmakers be returned to US taxpayers.
The bill comes after it was revealed last year that Nancy Pelosi's husband, Paul Pelosi, traded $1 million to $5 million of stocks for semiconductor days before Congress allocated $52 million to the industry. The stocks were later sold at a loss to remove the appearance of impropriety. There were no legal implications.
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BRICS summit to discuss its own currency, says Russian FM
The BRICS nations (Brazil, Russia, India, China and South Africa) will discuss creating their own currency at a summit in late August, Russian Foreign Minister Sergey Lavrov said on Wednesday.
According to the diplomat, "serious, self-respecting countries understand very well what is at stake."
"They see the incompetence of the current international financial system owners and want to establish their own mechanisms to ensure sustainable development, which will be protected from external diktat," Lavrov stressed.
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The BRICS nations (Brazil, Russia, India, China and South Africa) will discuss creating their own currency at a summit in late August, Russian Foreign Minister Sergey Lavrov said on Wednesday.
According to the diplomat, "serious, self-respecting countries understand very well what is at stake."
"They see the incompetence of the current international financial system owners and want to establish their own mechanisms to ensure sustainable development, which will be protected from external diktat," Lavrov stressed.
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Ad spending on Twitter falls over 70% YoY
Advertising spending on Twitter in December fell 71% from last year, with 14 of Twitter's top 30 advertisers stopping advertising on the platform after Musk took charge on October 27.
The steep decline in advertising caused Twitter's Q4 revenue to drop about 35% from a year ago. Advertising accounted for 89% of Twitter's $5.08 billion in revenue in 2021.
Twitter has already taken initiatives to offer some free ads, lift the ban on political ads and give companies more control over the positioning of their ads.
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Advertising spending on Twitter in December fell 71% from last year, with 14 of Twitter's top 30 advertisers stopping advertising on the platform after Musk took charge on October 27.
The steep decline in advertising caused Twitter's Q4 revenue to drop about 35% from a year ago. Advertising accounted for 89% of Twitter's $5.08 billion in revenue in 2021.
Twitter has already taken initiatives to offer some free ads, lift the ban on political ads and give companies more control over the positioning of their ads.
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Multipolar Market
Sam Bankman-Fried denies "improper use" of customer funds Sam Bankman-Fried, former CEO of FTX and Alameda Research, said in an interview he was ultimately responsible for both companies' collapse, but denied knowing FTX used customer deposits to pay Alameda…
Sam Bankman-Fried has $50 million seized from tiny rural state bank
Prosecutors seized $49,999,500 from the disgraced FTX founder Sam Bankman-Fried's Farmington State Bank account, according to a court filing.
The bank, located in rural Washington state, had only three employees and specialized in agricultural loans to farmers until March 2022. SBF's trading firm Alameda later took a stake in Farmington and rebranded it to Moonstone.
The investigation found a total of 10 accounts, stocks, cash and crypto to be confiscated from Bankman-Fried. Most of this property is 55 million shares of Robinhood Markets worth $526 million. The crypto in FTX Digital Markets accounts and three accounts on Binance are worth more than $171 million. Another $20 million, according to the investigation, is in an Emergent Fidelity Technologies holding account, which was used to buy stocks.
Earlier on December 1, SBF said in an interview that he had only $100,000 left in his account and nothing else.
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Prosecutors seized $49,999,500 from the disgraced FTX founder Sam Bankman-Fried's Farmington State Bank account, according to a court filing.
The bank, located in rural Washington state, had only three employees and specialized in agricultural loans to farmers until March 2022. SBF's trading firm Alameda later took a stake in Farmington and rebranded it to Moonstone.
The investigation found a total of 10 accounts, stocks, cash and crypto to be confiscated from Bankman-Fried. Most of this property is 55 million shares of Robinhood Markets worth $526 million. The crypto in FTX Digital Markets accounts and three accounts on Binance are worth more than $171 million. Another $20 million, according to the investigation, is in an Emergent Fidelity Technologies holding account, which was used to buy stocks.
Earlier on December 1, SBF said in an interview that he had only $100,000 left in his account and nothing else.
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⚡️Meta reinstates Trump’s Facebook, Instagram after two-year ban
Facebook and Instagram will allow former President Donald Trump to return to the platforms in the coming weeks, ending a two-year suspension that followed his "acts of incitement" leading up to and during the Capitol riot in 2021.
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Facebook and Instagram will allow former President Donald Trump to return to the platforms in the coming weeks, ending a two-year suspension that followed his "acts of incitement" leading up to and during the Capitol riot in 2021.
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Russia may ban mining in residential buildings
The Energy Commission of the State Council sent a recommendation to the Russian government to ban crypto mining in residential buildings to prevent fires.
Moreover, this activity is currently not regulated in Russia in any way, which is also fraught with the risk of de-energizing facilities due to overloaded power grids, the Commission explained, adding that it suggests banning mining in energy-deficient regions.
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The Energy Commission of the State Council sent a recommendation to the Russian government to ban crypto mining in residential buildings to prevent fires.
Moreover, this activity is currently not regulated in Russia in any way, which is also fraught with the risk of de-energizing facilities due to overloaded power grids, the Commission explained, adding that it suggests banning mining in energy-deficient regions.
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US demands Türkiye to end Russian flights with American-made planes
US officials are pressuring Türkiye to ban Russian airlines from flying American-made planes into and out of the country, The Wall Street Journal reported, citing its sources.
Last month, senior US officials warned that Turkish nationals would face prison sentences, fines, loss of export privileges and other penalties if they provided services such as refueling and repair parts for US-made aircraft flying to and from Russia and Belarus.
Since October 1, Russian and Belarusian airlines have operated more than 2,100 flights on US-made aircraft to Türkiye, including Boeing 777, 757 and 737, according to the aviation analysis company Cirium. Routes include mainly regular flights from Moscow to Istanbul, Izmir and Antalya.
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US officials are pressuring Türkiye to ban Russian airlines from flying American-made planes into and out of the country, The Wall Street Journal reported, citing its sources.
Last month, senior US officials warned that Turkish nationals would face prison sentences, fines, loss of export privileges and other penalties if they provided services such as refueling and repair parts for US-made aircraft flying to and from Russia and Belarus.
Since October 1, Russian and Belarusian airlines have operated more than 2,100 flights on US-made aircraft to Türkiye, including Boeing 777, 757 and 737, according to the aviation analysis company Cirium. Routes include mainly regular flights from Moscow to Istanbul, Izmir and Antalya.
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Multipolar Market
Sam Bankman-Fried has $50 million seized from tiny rural state bank Prosecutors seized $49,999,500 from the disgraced FTX founder Sam Bankman-Fried's Farmington State Bank account, according to a court filing. The bank, located in rural Washington state…
World's financial public institutions exposed to FTX collapse
Lawyers for insolvent crypto exchange FTX have filed Wednesday the full list of creditors with the US Bankruptcy Court. The 115-page document lists numerous companies and government institutions involved in the collapse of the exchange formerly run by Sam Bankman-Fried.
The document lists tax authorities in several US states and the Internal Revenue Service (IRS), government agencies in Japan, Australia, Hong Kong and Liechtenstein, as well as the Swiss Financial Market Supervisory Authority (Finma). Zurich Insurance Group, crypto companies Seba Bank, Deutsche Börse's Crypto Finance, and private bank Maerki Baumann are among the FTX creditors.
In addition, big tech companies such as Apple, Netflix, Amazon, Meta, Google, Linkedin, Microsoft and Twitter are also involved in the FTX bankruptcy. Among US media, names such as the New York Times, the Wall Street Journal and Coindesk have been affected by the FTX demise.
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Lawyers for insolvent crypto exchange FTX have filed Wednesday the full list of creditors with the US Bankruptcy Court. The 115-page document lists numerous companies and government institutions involved in the collapse of the exchange formerly run by Sam Bankman-Fried.
The document lists tax authorities in several US states and the Internal Revenue Service (IRS), government agencies in Japan, Australia, Hong Kong and Liechtenstein, as well as the Swiss Financial Market Supervisory Authority (Finma). Zurich Insurance Group, crypto companies Seba Bank, Deutsche Börse's Crypto Finance, and private bank Maerki Baumann are among the FTX creditors.
In addition, big tech companies such as Apple, Netflix, Amazon, Meta, Google, Linkedin, Microsoft and Twitter are also involved in the FTX bankruptcy. Among US media, names such as the New York Times, the Wall Street Journal and Coindesk have been affected by the FTX demise.
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Multipolar Market
US Senate introduces PELOSI Act to bar lawmakers from trading stocks and profiting On Tuesday, Republican Senator Josh Hawley introduced the PELOSI Act, officially the Preventing Elected Leaders from Owning Securities and Investments Act, requiring Congress…
Pelosi sells Google stocks right before DOJ announces antitrust lawsuit
Former House Speaker Nancy Pelosi, once again, was caught insider trading after it emerged that the 82-year-old politician sold 30,000 shares of Alphabet for nearly $3 million a month before the Justice Department announced an antitrust lawsuit against Google.
On January 24, the US Justice Department and eight states announced a lawsuit against Google alleging that the tech giant had a monopoly over Internet search traffic and took anti-competitive actions.
Pelosi's husband also found himself in a similar situation last year when he traded $1 million to $5 million worth of semiconductor stocks days before Congress passed legislation that would provide the industry with $52 million.
Earlier Tuesday, the PELOSI Act was introduced in the Senate, which would ban members of Congress from trading in the stock market.
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Former House Speaker Nancy Pelosi, once again, was caught insider trading after it emerged that the 82-year-old politician sold 30,000 shares of Alphabet for nearly $3 million a month before the Justice Department announced an antitrust lawsuit against Google.
On January 24, the US Justice Department and eight states announced a lawsuit against Google alleging that the tech giant had a monopoly over Internet search traffic and took anti-competitive actions.
Pelosi's husband also found himself in a similar situation last year when he traded $1 million to $5 million worth of semiconductor stocks days before Congress passed legislation that would provide the industry with $52 million.
Earlier Tuesday, the PELOSI Act was introduced in the Senate, which would ban members of Congress from trading in the stock market.
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Russia may issue gold-backed digital ruble
Russia may issue gold-backed stablecoins for international settlements, said Anatoly Aksakov, Chairman of the State Duma Committee on Financial Market, following his visit to Iran.
"We discussed the issuance of stablecoins, digital financial assets, secured by certain values. For example, I talked about gold," the official said. "The proposal was met with interest, meaning we're moving in the right direction."
According to Aksakov, Iran has a huge debt for goods deliveries from Russia, and fluctuations of the Iranian currency are quite large, given that the country has two exchange rates against the dollar – the one approved by the Central Bank and the market rate. All this creates inconveniences for Russian exporters.
Last summer, Russia’s VEB.RF institution released a report discussing the advantages of a "gold ruble" – a gold-backed digital ruble more akin to a steblecoin, transactions with which are almost impossible to block.
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Russia may issue gold-backed stablecoins for international settlements, said Anatoly Aksakov, Chairman of the State Duma Committee on Financial Market, following his visit to Iran.
"We discussed the issuance of stablecoins, digital financial assets, secured by certain values. For example, I talked about gold," the official said. "The proposal was met with interest, meaning we're moving in the right direction."
According to Aksakov, Iran has a huge debt for goods deliveries from Russia, and fluctuations of the Iranian currency are quite large, given that the country has two exchange rates against the dollar – the one approved by the Central Bank and the market rate. All this creates inconveniences for Russian exporters.
Last summer, Russia’s VEB.RF institution released a report discussing the advantages of a "gold ruble" – a gold-backed digital ruble more akin to a steblecoin, transactions with which are almost impossible to block.
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EU mulls $100 a barrel cap on Russian diesel, $45 on discounted
The European Union plans to cap the price of Russian diesel at $100 a barrel – a level the EU believes could help prevent the worst effects of a fuel imports ban the bloc will impose on Moscow from February 5.
A lower $45 threshold would be set for discounted refined Russian products such as fuel oil.
However, these figures could still change during negotiations among EU member states, which are due to begin Friday.
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The European Union plans to cap the price of Russian diesel at $100 a barrel – a level the EU believes could help prevent the worst effects of a fuel imports ban the bloc will impose on Moscow from February 5.
A lower $45 threshold would be set for discounted refined Russian products such as fuel oil.
However, these figures could still change during negotiations among EU member states, which are due to begin Friday.
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BTC Fear and Greed Index hits 'Greed' for first time in 10 months
The Fear and Greed Index, the metric showing the community’s general sentiment toward Bitcoin, entered the "greed" zone for the first time since March 30, 2022, as the coin stabilized at around $23,000.
Bitcoin started the year off on a right foot. It is currently trading at about $23,000, up 40% from the last day of 2022.
Founder of SkyBridge Capital Anthony Scaramucci recently opined that the Fed will stop hiking interest rates when inflation cools to about 4-5%, which would supposedly boost a bull run for digital currencies.
The US inflation rate has come down from a 40-year high of 9.1% in June, to 6.5% in December, according to official data.
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The Fear and Greed Index, the metric showing the community’s general sentiment toward Bitcoin, entered the "greed" zone for the first time since March 30, 2022, as the coin stabilized at around $23,000.
Bitcoin started the year off on a right foot. It is currently trading at about $23,000, up 40% from the last day of 2022.
Founder of SkyBridge Capital Anthony Scaramucci recently opined that the Fed will stop hiking interest rates when inflation cools to about 4-5%, which would supposedly boost a bull run for digital currencies.
The US inflation rate has come down from a 40-year high of 9.1% in June, to 6.5% in December, according to official data.
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Japan bans exports of medical equipment to Russia in new sanctions
Japan on Friday announced additional sanctions against Moscow, banning exports of key strategic goods to Russia and freezing assets of dozens of Russian entities and individuals.
"In light of the situation surrounding Ukraine and to contribute to international efforts to secure peace, Japan will implement export bans in line with other major nations," the Ministry of Economy Trade and Industry said in a release.
Among the new sanctions, Japan will ban goods such as vaccines, X-ray equipment, robots, water cannons, gas exploration equipment and semiconductor equipment, as well as explosives to Russia starting February 3, the statement said.
Japan will also freeze the assets of three legal entities and 22 individuals in Russia, as well as 14 individuals linked to four new regions.
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Japan on Friday announced additional sanctions against Moscow, banning exports of key strategic goods to Russia and freezing assets of dozens of Russian entities and individuals.
"In light of the situation surrounding Ukraine and to contribute to international efforts to secure peace, Japan will implement export bans in line with other major nations," the Ministry of Economy Trade and Industry said in a release.
Among the new sanctions, Japan will ban goods such as vaccines, X-ray equipment, robots, water cannons, gas exploration equipment and semiconductor equipment, as well as explosives to Russia starting February 3, the statement said.
Japan will also freeze the assets of three legal entities and 22 individuals in Russia, as well as 14 individuals linked to four new regions.
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EU extends sanctions against Russia by six months
The EU Council extended by six months all sanctions against Russia related to Ukraine, the Council said in a statement.
"The Council today decided to prolong by six months, until 31 July 2023, the restrictive measures targeting specific sectors of the economy of the Russian Federation," the statement reads.
The EU first imposed sanctions against Russia in February 2014 in response to the reunification with Crimea.
"They currently consist of a broad spectrum of sectoral measures, including restrictions on trade, finance, technology and dual-use goods, industry, transport and luxury goods," the EU Council said.
The restrictions also include "a ban on the import or transfer of seaborne crude oil and certain petroleum products from Russia to the EU," disconnecting several Russian banks from SWIFT and suspending the broadcasting activities and licenses of several Russian broadcasting companies.
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The EU Council extended by six months all sanctions against Russia related to Ukraine, the Council said in a statement.
"The Council today decided to prolong by six months, until 31 July 2023, the restrictive measures targeting specific sectors of the economy of the Russian Federation," the statement reads.
The EU first imposed sanctions against Russia in February 2014 in response to the reunification with Crimea.
"They currently consist of a broad spectrum of sectoral measures, including restrictions on trade, finance, technology and dual-use goods, industry, transport and luxury goods," the EU Council said.
The restrictions also include "a ban on the import or transfer of seaborne crude oil and certain petroleum products from Russia to the EU," disconnecting several Russian banks from SWIFT and suspending the broadcasting activities and licenses of several Russian broadcasting companies.
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Multipolar Market
Switzerland may hold referendum on Russian assets seizure Confiscation of Russian assets in favor of Ukraine will require appropriate international and national legal adjustments, and Switzerland will likely have to hold a referendum on the issue, Swiss Federal…
Switzerland has no legal grounds for transferring Russian assets to Kiev
Switzerland respects human rights and at the moment has no legal grounds for transferring frozen Russian assets to Ukraine, State Secretary of the Federal Department of Foreign Affairs Livia Leu said.
However, Leu added that discussions are underway at the G7 level to find a legal solution to this issue.
Earlier, the Swiss authorities announced that Russian assets worth $7.94 billion were frozen in the country, not counting 15 real estate objects.
Swiss Federal Department of Foreign Affairs head Ignazio Cassis said that the issue of seizing Russian assets can be resolved in Switzerland through a referendum.
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Switzerland respects human rights and at the moment has no legal grounds for transferring frozen Russian assets to Ukraine, State Secretary of the Federal Department of Foreign Affairs Livia Leu said.
However, Leu added that discussions are underway at the G7 level to find a legal solution to this issue.
Earlier, the Swiss authorities announced that Russian assets worth $7.94 billion were frozen in the country, not counting 15 real estate objects.
Swiss Federal Department of Foreign Affairs head Ignazio Cassis said that the issue of seizing Russian assets can be resolved in Switzerland through a referendum.
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Nuland: US 'gratified’ Nord Stream became 'hunk of metal at the bottom of the sea’
The US administration is "very gratified" that the Nord Stream 2 gas pipeline will not work, said Victoria Nuland, Under Secretary of State for Political Affairs, at a hearing of the US Senate Committee on Foreign Relations.
Texas Republican Senator Ted Cruz asked Nuland questions about the pipeline. "Senator Cruz, like you, I am, and I think the administration is, very gratified to know that Nord Stream 2 is now, as you like to say, a hunk of metal at the bottom of the sea," Nuland said.
The sabotage of Russia's Nord Stream and Nord Stream 2 pipelines came in late September 2022. A total of four major gas leakage points were discovered in the territorial waters of Denmark and Sweden.
Russia’s Prosecutor General's Office initiated a criminal case for an act of international terrorism, but ongoing investigations in Sweden, Germany and Denmark have not yet found any evidence of sabotage.
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The US administration is "very gratified" that the Nord Stream 2 gas pipeline will not work, said Victoria Nuland, Under Secretary of State for Political Affairs, at a hearing of the US Senate Committee on Foreign Relations.
Texas Republican Senator Ted Cruz asked Nuland questions about the pipeline. "Senator Cruz, like you, I am, and I think the administration is, very gratified to know that Nord Stream 2 is now, as you like to say, a hunk of metal at the bottom of the sea," Nuland said.
The sabotage of Russia's Nord Stream and Nord Stream 2 pipelines came in late September 2022. A total of four major gas leakage points were discovered in the territorial waters of Denmark and Sweden.
Russia’s Prosecutor General's Office initiated a criminal case for an act of international terrorism, but ongoing investigations in Sweden, Germany and Denmark have not yet found any evidence of sabotage.
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Goldman Sachs CEO David Solomon takes 30% pay cut to $25 million
Goldman Sachs cut its CEO's pay packet by nearly 30% after the bank posted a 50% drop in annual profits following a slump in deal-making.
The slump in demand prompted mass layoffs at Goldman Sachs, which this month fired about 3,200 of its 49,000 global employees, mostly in its investment banking division.
The bank said Friday that CEO David Solomon, also known as DJ D-Sol, was paid $25 million for 2022, down from $35 million a year earlier. Solomon's pay included a $2 million base salary and $23 million in bonuses.
That makes his pay lower than that of JPMorgan CEO Jamie Dimon in 2022, which remained at $34.5 million, even though the bank's annual profits dropped 22%.
Investment banks around the world have seen demand fall in 2022, forcing companies to be more cautious about pursuing deals and raising money on financial markets for fear of undervaluing their stock or having to pay more for debt.
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Goldman Sachs cut its CEO's pay packet by nearly 30% after the bank posted a 50% drop in annual profits following a slump in deal-making.
The slump in demand prompted mass layoffs at Goldman Sachs, which this month fired about 3,200 of its 49,000 global employees, mostly in its investment banking division.
The bank said Friday that CEO David Solomon, also known as DJ D-Sol, was paid $25 million for 2022, down from $35 million a year earlier. Solomon's pay included a $2 million base salary and $23 million in bonuses.
That makes his pay lower than that of JPMorgan CEO Jamie Dimon in 2022, which remained at $34.5 million, even though the bank's annual profits dropped 22%.
Investment banks around the world have seen demand fall in 2022, forcing companies to be more cautious about pursuing deals and raising money on financial markets for fear of undervaluing their stock or having to pay more for debt.
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White House releases crypto roadmap
The Biden administration announced a new roadmap on January 27 to regulate cryptocurrencies and bring clarity to the industry to combat crypto scams, protect investors and prevent crypto from undermining US financial stability.
The White House said it will work with Congress to provide additional regulatory oversight and enforcement tools.
The new regulatory framework would increase the US Congress' "security efforts," expand regulators' powers to prevent asset misuse, strengthen transparency and disclosure requirements for crypto firms, as well as toughen penalties for violating rules on illicit financing.
The White House also emphasized President Biden is working to avoid new scams like the FTX collapse.
The administration will strengthen the regulatory structure around digital assets to achieve this goal, including strengthening the Anti-Money Laundering (AML) and Know Your Customer (KYC) requirements, among others.
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The Biden administration announced a new roadmap on January 27 to regulate cryptocurrencies and bring clarity to the industry to combat crypto scams, protect investors and prevent crypto from undermining US financial stability.
The White House said it will work with Congress to provide additional regulatory oversight and enforcement tools.
The new regulatory framework would increase the US Congress' "security efforts," expand regulators' powers to prevent asset misuse, strengthen transparency and disclosure requirements for crypto firms, as well as toughen penalties for violating rules on illicit financing.
The White House also emphasized President Biden is working to avoid new scams like the FTX collapse.
The administration will strengthen the regulatory structure around digital assets to achieve this goal, including strengthening the Anti-Money Laundering (AML) and Know Your Customer (KYC) requirements, among others.
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Russia and Iran central banks sign cooperation agreement
Central bank representatives of Russia and Iran signed an cooperation agreement to facilitate financial and banking transactions between the two countries, Mohammad Reza Farzin, head of the Central Bank of Iran, announced on January 29.
The parties said the agreement, providing for easier money transfers between the two countries, will promote business development and facilitate cooperation between the countries, noting the main advantage of the agreement is that it will not be affected by Western sanctions.
Furthermore, the agreement also stipulates that Iran will be directly connected to 106 foreign banks, said Mohammad Reza Farzin, without mentioning which banks are in question.
The Russian State Duma earlier called for more active use of settlements in national currencies between Russia and Iran to enhance cooperation in the financial and banking sector and minimize the impact of sanctions.
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Central bank representatives of Russia and Iran signed an cooperation agreement to facilitate financial and banking transactions between the two countries, Mohammad Reza Farzin, head of the Central Bank of Iran, announced on January 29.
The parties said the agreement, providing for easier money transfers between the two countries, will promote business development and facilitate cooperation between the countries, noting the main advantage of the agreement is that it will not be affected by Western sanctions.
Furthermore, the agreement also stipulates that Iran will be directly connected to 106 foreign banks, said Mohammad Reza Farzin, without mentioning which banks are in question.
The Russian State Duma earlier called for more active use of settlements in national currencies between Russia and Iran to enhance cooperation in the financial and banking sector and minimize the impact of sanctions.
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Trump kicks off 2024 campaign, DeSantis prepares
Florida Republican Gov. Ron DeSantis has begun preparing for a White House bid as Donald Trump has hit the campaign trail.
Speaking to Republicans in New Hampshire on Jan. 28, Trump said "I'm more angry now, and I'm more committed now, than I ever was."
The ex-president added that America is "at the brink of World War III" and that if he were president, he would have a peace deal between Russia and Ukraine in 24 hours.
Trump also called DeSantis' possible running for president "a great act of disloyalty," noting that DeSantis could not have started his political career without him. Yet DeSantis is now seen as Trump's main 2024 GOP rival.
"Ron would have not been governor if it wasn’t for me. When I hear he might run, I consider that very disloyal," Trump said.
According to a Jan. 26 poll, DeSantis stands at 42% support in the survey of likely GOP presidential primary voters in New Hampshire, with Trump at 30%.
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Florida Republican Gov. Ron DeSantis has begun preparing for a White House bid as Donald Trump has hit the campaign trail.
Speaking to Republicans in New Hampshire on Jan. 28, Trump said "I'm more angry now, and I'm more committed now, than I ever was."
The ex-president added that America is "at the brink of World War III" and that if he were president, he would have a peace deal between Russia and Ukraine in 24 hours.
Trump also called DeSantis' possible running for president "a great act of disloyalty," noting that DeSantis could not have started his political career without him. Yet DeSantis is now seen as Trump's main 2024 GOP rival.
"Ron would have not been governor if it wasn’t for me. When I hear he might run, I consider that very disloyal," Trump said.
According to a Jan. 26 poll, DeSantis stands at 42% support in the survey of likely GOP presidential primary voters in New Hampshire, with Trump at 30%.
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