Russia will inevitably legalize crypto payments says trade minister


“The question is when this will happen, how it will happen and how it will be regulated. Now both the Central Bank and the government are actively engaged in this,” said trade minister Denis Manturov. Russia will legalize crypto payments “sooner or later” according to the Ministry of Industry and Trade of the Russian Federation, … Read more

German BaFin official calls for ‘innovative’ EU-wide DeFi regulation


Highlighting Germany’s crypto license as an example of attractive regulation, Birgit Rodolphe writes that similar frameworks should be the same throughout the EU to “prevent a fragmented market.” Birgit Rodolphe, an executive director at Germany’s Federal Financial Supervisory Authority (BaFin) has called for innovative and uniform regulation of the decentralized finance (DeFi) space throughout the … Read more

SEC’s Hester Peirce says new stablecoin regs need to allow room for failure


The SEC’s “crypto mom” Hester Peirce has said the regulatory “movement” around stablecoins needs to allow for “trial and error” and room for failure. Commissioner Hester Peirce — also known as the United States Securities and Exchange Commission’s (SEC) “crypto mom” — has backed a regulatory framework for stablecoins that allows “room for there to … Read more