Important News from Last Night and This Morning (October 28th-29th)
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Chistyukhin also noted that the Bank of Russia hopes to adopt a law comprehensively regulating cryptocurrency investments next year. This will enable authorities to implement a licensing mechanism, and he believes the first licensed service providers could enter the market by the end of the year. Chistyukhin's call for the swift approval of appropriate cryptocurrency legislation was supported by his superior, Bank of Russia Governor Elvira Nabiullina.
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Analysis: Venezuela's high inflation rate has led to stablecoins such as USDT replacing legal cash as the preferred settlement method in the country
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