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BTC

Coinbase Secures MiCA License; European and Russian Crypto Regulatory Moves

On June 21st, significant news emerged: Coinbase, a major Bitcoin exchange, obtained the MiCA license in Europe, marking a notable regulatory milestone. The founder of Self Chain denied involvement in a $50 million OTC scam. Russian President Vladimir Putin has urged the Central Bank to accelerate the widespread adoption of the digital ruble. Russian utility company 'Rosseti' and telecom operators are working on a model to detect illegal cryptocurrency mining. Norway's authorities are considering a ban on energy-intensive mining activities. Additionally, scammers have promoted phishing crypto apps prominently on Google's search results.
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AI Analysis

The acquisition of the MiCA license by Coinbase signifies a strengthening of cryptocurrency regulatory compliance within Europe, potentially boosting investor confidence and market stability. Meanwhil...

AI Recommendation

Investors should monitor Coinbase's regulatory progress and the implementation of the MiCA license, as this may influence market stability and Coinbase's stock performance. The initiatives by Russian ...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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