Elena Argyros

According to the State Duma Financial Market Committee, the bill “On Digital Currency”, which is designed to regulate all crypto transactions in Russia, would be “tough”. Anatoly Aksakov said that the legislation is still being finalized and will not undergo a review by lawmakers in the near term. This despite Bank of Russia’s decision, in an interview, to abandon its opposition to crypto payments. They facilitate Russia’s foreign commerce amid sanctions.

After railing against NFT pitches, the entertainer and rapper appears to be moving into the Web3 space.

Fidelity plans to hire to expand its cryptocurrency trading and custody business. Fidelity’s executive stated that the company will continue to increase its hiring efforts as the market evolves and the demand for digital assets grows.

Japanese gaming and entertainment company Akatsuki announced Wednesday that it raised $20 million to invest in web3 projects.

Officially, the Brazilian Development Bank launched the Brazilian Blockchain Network. This structure is designed to help other institutions in Brazil increase public transparency. The Court of Accounts of the Union also supported the launch. This project aims to attract more institutions to the project and have its first applications ready by 2023.

The Series B round of funding for London’s neobank Kroo, which is based in London, raised PS26 million ($33 Million). This is despite the slowing pace of fintech funding after the highs of 2021.