Russian Sberbank Demands Client Provide Data on Cryptocurrency Revenue

Russia’s largest bank Sberbank has asked a client to provide detailed information on their cryptocurrency revenue. Russia’s largest bank Sberbank has requested that a client provide information on their income from cryptocurrency, the Russian version of Forbes reported on May 17. Co-founder of cryptocurrency trading platform Toxenbox.io, Vladimir Smerkis, told Forbes that the unnamed client […]

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Cryptocurrency Project OneCoin Denies Ponzi and Pyramid Scheme Claims

Cryptocurrency project OneCoin is reportedly denying claims that it is a “hybrid ponzi-pyramid scheme” and scam. Cryptocurrency project OneCoin is denying claims that it is a “hybrid ponzi-pyramid scheme” and scam, news outlet Samoa Observer reported on May 14. OneCoin is purportedly a cryptocurrency Ponzi scheme project, that raised hundreds of millions of dollars worldwide […]

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European Central Bank: Crypto Does Not Have Tangible Impact on Real Economy

The European Central Bank stated that cryptocurrency’s implications for monetary policy do not factor into the real economy. The European Central Bank (ECB) stated that cryptocurrencies do not have implications on monetary policy or factor into the real economy in a May report. In the report dubbed “Crypto-Assets: Implications for financial stability, monetary policy, and […]

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