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The Governor of the Central Bank of Russia suggests banning cryptocurrency participation in domestic settlements and strengthening penalties

ChainCatcher news, according to Cryptonews, Russian Central Bank Governor Elvira Nabiullina emphasized again on April 3 during a speech at the State Duma that the use of cryptocurrencies in the domestic economy should be restricted and advocated for stricter penalties for violations of the ban. Nabiullina, a key ally of President Putin, currently leads the Central Bank of Russia's sovereign digital currency (digital ruble) project. She pointed out that while the central bank supports exploring the cross-border application of crypto assets within a specific "regulatory sandbox" framework, it firmly opposes their infiltration into the domestic monetary system and settlement activities.Since 2020, Russia has banned payments in cryptocurrencies, but current enforcement is relatively lax, and there is a lack of a clear legal framework for related transactions. Nabiullina called for increased legal accountability for the use of cryptocurrencies for payments within Russia, stating: "Our position has not changed. We cannot allow cryptocurrencies to penetrate domestic monetary circulation and domestic settlements. We suggest seeking investment opportunities in cryptocurrencies while increasing the responsibility for using cryptocurrencies in domestic settlements." Nabiullina also supports allowing "high-net-worth qualified investors" to invest in crypto assets within the "sandbox" and proposed discussing the extension of some derivative investment permissions to ordinary qualified investors. She emphasized the need to protect retail investors from the risks posed by the highly volatile crypto market.Furthermore, after Nabiullina's speech, Anatoly Aksakov, chairman of the State Duma's Financial Market Committee, pointed out that there are still differences in Moscow regarding cryptocurrency regulation. There are clear divisions within the Duma on crypto regulation, with some members supporting restrictions while others show strong interest.

SoSoValue launches API open platform, first batch of users can experience it for free for a limited time

ChainCatcher news, the AI-driven asset management and investment research platform SoSoValue announced the official launch of its API open platform. Based on the currently available open interfaces, developers and institutional users can directly access the ETF data dashboard and crypto AI news sources through the SoSoValue API. In the future, it will also support richer token details and AI research reports.Currently, Bybit has taken the lead in completing a deep integration with the SoSoValue API, successfully applying the real-time data interface to the functionality upgrade of its AI investment assistant Lens. By integrating the SoSoValue API, Bybit has not only significantly enhanced the comprehensiveness of asset data coverage and the accuracy of market analysis on its platform but has also achieved comprehensive capture of key market elements such as real-time price fluctuations, deep market data, industry news dynamics, and investment and financing information, providing its platform users with more comprehensive market information and more precise investment decision support.In terms of data service upgrades, SafePal has achieved real-time market and information push through the integration of the Feeds API, while BSCN has built a structured data analysis framework for digital currency ETFs based on the ETF API, supporting more precise asset analysis and market trend tracking to meet the diverse needs of users and institutions in the crypto market.The SoSoValue API open platform will officially open for applications at 18:00 Beijing time on April 3, with the first 1,000 applicants able to use it for free.
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