Coinatory

Wintermute Expands to NYC Amid U.S. Crypto Regulatory Shift London-based algorithmic trading firm Wintermute has inaugurated its U.S. headquarters in New York City, marking a strategic expansion into the American market. The move aligns with the company's assessment of a more favorable regulatory environment for digital assets in the United States. Announced on May 15, Wintermute's CEO, Evgeny Gaevoy, emphasized the firm’s commitment to contributing to the development of a comprehensive regulatory fra... Coinatory news

Russian Man Sentenced to 7 Years for Sending Crypto to Ukrainian Forces In a historic decision, a Russian court sentenced a Yakutia man to seven years in a high-security facility for using cryptocurrency transactions to finance the Ukrainian Armed Forces (AFU). The 1988-born worker of a diamond mining firm was accused of high treason under Article 275 of the Russian Criminal Code. The case is the first time cryptocurrency has been used to fund an opposition military group in Russia, according to the Federal Security... crypto news today

The Iranian state press reported that the Central Bank will soon launch a sovereign cryptocurrency, which is 100% premined and expects the "command" of President Hassan Ruhani. Explanations on the use and rules for the exchange of state tokens will be explained by the country"s regulator as early as the beginning of September. The sovereign cryptocurrency will help Iran avoid US sanctions restricting the sale of oil, so experts draw analogies with Venezuela"s option. The Bolivarian Republic issued El Petro, radically replacing local ... Read more about " Iran is 100% ready to launch its own cryptocurrency " on coinatory.com

The People’s Bank of China (PBOC)’s Institute of International Finance has released a report identifying cryptocurrencies as a top priority for 2018. The document claims that widespread retail investment into cryptocurrencies has the potential to pose systemic risk to the Yuan, and also emphasizes the PBOC’s intention to expand its research and development into cryptocurrencies. The report emphasizes the risks perceived to be associated with virtual currencies by the Chinese government – specifically the potential for price volatility to ma ... Read more about " PBOC to Strengthen Cryptocurrency Regulations in 2018 " on coinatory.com

Zimbabwe’s central bank, Reserve Bank of Zimbabwe, has announced that the use of the cryptocurrency Bitcoin is not allowed in the country. The bank has already issued a warning in the past stating that investors in the digital currencies could lose their money without recourse. According to the Reserve Bank of Zimbabwe’s Director and Registrar, Norman Mataruka, the use of “Bitcoin … is not actually legal” within the country’s jurisdiction. It is not clear, however, if Bitcoin is just not officially recognized as an authorized currency or it ... Read more about " Zimbabwean Central Bank Considers Bitcoin ‘Illegal’ " on coinatory.com

Morocco has officially instituted a ban on transactions using cryptocurrencies, citing a lack of regulation as a ‘danger’ to users. According to an official press release on its Office des Changes website, the country’s foreign exchange regulator took a firm stance on the use of cryptocurrencies in the country. A translation from French puts it simply: "Transactions via virtual currencies constitute a breach of regulations, punishable by penalties and fines." The stance taken by the North-west African Kingdom’s regulator spells bad news f ... Read more about " Morocco Outlaws Cryptocurrencies " on coinatory.com