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Russia to require tax IDs for opening crypto depository accounts

Russia has made taxpayer identification numbers a mandatory part of opening digital depository accounts used to record cryptocurrencies and digital rights as authorities tighten identity checks across the country’s newly regulated crypto market. Russia’s Federal Financial Monitoring Service, known as…

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Canada’s OSFI says tokenized deposits are legally the same as bank deposits

Canada’s banking regulator has clarified that tokenized deposits are not legally different from traditional deposits, giving federally regulated financial institutions a clearer path to develop deposit products using blockchain and other digital technology. The Office of the Superintendent of Financial…

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Denmark central bank warns stablecoin growth could pose financial risks

Danmarks Nationalbank has warned that a sharp increase in stablecoin use could eventually affect Denmark’s payments, financial system and monetary policy transmission, despite their limited use in the country today. Danmarks Nationalbank said in a Sept. 9 analysis that stablecoins…

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Trezor phishing attack traced to Brevo login authorization flaw

An authorization flaw in Brevo’s login system has allowed an attacker to access 138 customer accounts, leading to phishing emails sent through accounts used by Trezor, BitBox and CoinTracking. Brevo said in a Thursday postmortem that the attacker exploited a…