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FameEX Afternoon Crypto News Recap | March 13, 2023

2023-03-13 15:25:35

Bank of Russia registers an additional digital asset issuer
The Masterchain platform has been included in the register of authorized issuers of digital financial assets by the Central Bank of Russia. This addition makes it the fifth "information system operator" in the country that has the legal capability to tokenize conventional assets and manage their trading.

Circle's $3.3 Billion USDC Reserves to Become Fully Accessible on Monday
Circle, a cryptocurrency firm, has stated that it will reimburse all its depositors affected by the insolvency of Silicon Valley Bank and Signature Bank. The company will make its $3.3 billion USDC reserve deposit, which was being held at Silicon Valley Bank, fully accessible on Monday when the banks reopen.

Biden Vows Accountability for SVB and Signature Bank CollapseUS President

Joe Biden has promised to hold those accountable for the collapse of Silicon Valley Bank and Signature Bank, which led to significant losses for depositors. In a tweet, Biden pledged to ensure those responsible are "fully accountable". Cryptocurrency company Circle was among the affected depositors and has since announced that it will make all its depositors whole and fully release its $3.3 billion USDC reserve deposit held at Silicon Valley Bank.

Russian cryptocurrency market sees growth, watchdog informs Putin
Rosfinmonitoring, Russia's financial watchdog, has informed President Putin that the use of cryptocurrencies is growing in the country. The agency is monitoring thousands of participants in digital asset transactions using a new blockchain analytics system. The volume of cryptocurrency transactions in Russia has reached nearly $13 billion, according to the financial authority's report.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.

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