The U.S. Treasury continues its campaign to accelerate hyperbitcoinization. Last week, the Treasury Department’s Office of Foreign Assets Control (OFAC) announced sanctions against BitRiver AG and ten of its Russia-based subsidiaries. The sanctions are not intended to stop Russia from mining cryptocurrency, but to address Russia’s ability

With claims to prevent “unproductive outflow of capital,” the National Bank of Ukraine (NBU) is focussing their efforts on stabilizing the country’s foreign exchange market. Their announcement clarifies the lengths that are required from the bank and the citizens of Ukraine. Ukrainian citizens are still able to purchase Bitcoin,

The International Monetary Fund (IMF) is calling on global policymakers to begin developing new standards for cryptocurrency. The financial institution is particularly concerned about heightened tensions between Ukraine and Russia.  In its Global Financial Stability Report, IMF addressed the increase of downside risks amid Russia’s invasion. There is a

The European Union (E.U.) is currently grappling with the best way to shape regulation around Bitcoin and cryptocurrencies as they continue to gain adoption. Most notably are the E.U.’s attempts to pass legislation that aimed to ban Proof-of-Work mining due to environmental concerns. Last month, all mentions