Author: Steven Sahiounie

Companies in the sector will have 180 days to adapt to the new rules.December 22, 2022 by Rodrigo TolottiThis article is adapted from CoinDesk Brasil, a partnership between CoinDesk and InfoMoney, one of Brazil’s leading financial news publications. Follow CoinDesk Brasil on Twitter.Brazil President Jair Bolsonaro on Thursday approved a crypto regulation bill recently passed by that country’s Chamber of Deputies and the Senate.The new law establishes a crime of fraud involving virtual assets, with a penalty of between four and six years in jail plus a fine. It also creates a “virtual service provider” license, which is to be…

The social media platform said it will refine the user experience and add more tickers in coming weeks.December 22, 2022 by Oliver KnightSocial media platform Twitter has integrated cryptocurrency prices into search results using a plug-in from charting platform TradingView.The integration allows users to type crypto or stock tickers into the search bar to generate the current value and a price chart. The result also includes a link to trading app Robinhood.The social media giant has had several ties to the crypto industry over the past few years, adding a tipping feature in September 2021 while the company was under…

The two countries have launched a mechanism for mutual settlements in national currenciesMoscow and New Delhi have agreed to move away from the dollar and euro in mutual trade, Zamir Kabulov, a senior official at the Russian Foreign Ministry, told RIA Novosti on Wednesday.Although the two countries have decided to switch to national currencies, a full-fledged transition won’t be possible until remaining trade imbalance issues are resolved, Kabulov explained.“India still buys from us more than five times than it sells. Specialists are working on this, looking for a reasonable compromise,” the diplomat said.Moscow and New Delhi have already successfully established…

The nation’s exports could exceed its imports next year for the first time since World War II, according to the outletSales of US crude oil to other nations have reached a record 3.4 million barrels per day (bpd), with the country expected to become a net exporter of crude oil in 2023, Reuters reported on Monday.Exports of refined products, such as gasoline and diesel fuel, stood at about 3 million bpd, according to the report, citing official data. The US is also the leading exporter of liquefied natural gas (LNG), a segment that is expected to see growth soar in…

The Russian currency is still up for the year, trading data showsThe Russian ruble dropped to a nearly eight-month low against the US dollar on the Moscow Exchange on Thursday, erasing the gains of the previous months amid the sanctions-induced decline in exports and the active recovery of imports.The ruble slipped to 72 rubles to the greenback in early trading, its lowest level against the dollar since April 29. The ruble was also trading a little under 77 against the euro, also the weakest rate since the end of April. The Russian currency has slipped in value for the ninth…

Japan set to return to nuclear energy Tokyo plans to reverse the nuclear phase-out agenda introduced after the Fukushima disasterA Japanese government advisory panel has approved a plan to revive the country’s nuclear energy sector, Prime Minister Fumio Kishida announced on Thursday.According to the draft policy, which is a reversal of the country’s nuclear phase-out plan adopted after the Fukushima disaster, nuclear power is said to offer stable energy production and play “an important role as a carbon-free baseload energy source in achieving supply stability and carbon neutrality.” The plan suggests restarting most existing nuclear reactors, extending their lifespans beyond…

The energy embargo was the main punitive option that Brussels had, says Virginijus Sinkevicius. The EU’s economic restrictions against Russia have exhausted themselves and there’s nothing new the bloc can come up with, the union’s environment commissioner, Virginijus Sinkevicius, told the Lithuanian radio station Ziniu radijas on Thursday.Brussels has so far adopted nine rounds of sanctions that have affected various sectors of the Russian economy and targeted many businessmen, politicians, and journalists. The latest measures, which were announced last Friday, introduced a number of export bans, and extended restrictions to include three more banks. A further 168 Russian entities came…

Berlin now owns a 99% stake in UniperThe German government has completed the bailout of gas importer Uniper, the country’s Economy Ministry and Finance Ministry said in a joint statement on Thursday. The government now controls 99% of the company’s shares.Uniper’s shareholders greenlighted the company’s rescue deal with the state on Monday. A day later, approval for the move was granted by the European Commission, which was necessary as the bailout is being conducted by an EU member state.“The federal government has acquired a stake in the energy supplier Uniper. The state participation serves to secure Germany’s energy supply,” the…

The collapsed crypto exchange’s co-founder Gary Wang and former Alameda Research CEO Caroline Ellison are reportedly cooperating with investigatorsTwo associates of former FTX chief executive Sam Bankman-Fried have pleaded guilty to criminal charges related to the collapse of the cryptocurrency exchange, US Attorney Damian Williams revealed on Wednesday.He said that former FTX chief technology officer Gary Wang and former Alameda Research CEO Caroline Ellison were cooperating with the Justice Department’s investigation.Ellison (28) ran the crypto hedge fund Alameda Research, which was a subsidiary of FTX. She had previously worked with Bankman-Fried at Jane Street and was reportedly his girlfriend at…

Ten entities have been added to the so-called SDN List, according to the Treasury DepartmentThe US Treasury Department announced on Thursday that it was adding ten Russian entities to its so-called Specially Designated Nationals and Blocked Persons List (SDN List). All the companies are related to the shipping industry.According to the Treasury’s Office of Foreign Assets Control (OFAC) statement, the list includes the Morinformsystem Agat Concern Joint State Company (JSC), the Central Research Institute of Structural Materials Prometey, the Battery Company Rigel, the Central Research Institute of Marine Engineering, the Avrora Scientific and Production Association, Central Institute for Scientific Research…