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Putin Plugs Crypto Settlement System
Presidenti rus Vladimir Putin theksoi the need for a new and independent international settlement system. Putin made the remarks at an artificial intelligence conference organized by Sberbank, amidst sanctions that have financially isolated his country.
In order to be independent of banks and third-party interference, Putin suggested creating a system based on digital currency and blockchain technology. Earlier, BeInCrypto raportuar that Russia has been cooperating with Cuba to develop the technology for such an international settlement system. There have also been Raportet that businesses in Russia already use such a blockchain-based system for international payments.
Congressman Criticizes SEC’s Gensler
Meanwhile, crypto developments are also afoot in the United States. For instance, U.S. Congressman Tom Emmer kritikuar SEC chair Gary Gensler for his woeful approach to regulating the cryptocurrency industry.
Emmer pointed out that the collapse and fallout of “Celsius, Voyager, Tokë/Luna – and now FTX,” all occurred under his watch. Having met with FTX leadership in March, Emmer also accused Gensler of “working with Sam Bankman-Fried and others to give them special treatment.”
Source: https://beincrypto.com/this-week-in-crypto-news-russia-sec-bitboy-coinbase-xrp/