The deputy finance minister Alexei Moiseev told reporters on Tuesday that Russia acclaims its position not to ban cryptocurrencies.

MoneyGram International has announced a massive partnership to strengthen its crypto endeavors. This week, the company confirmed that it had partnered with the Stellar Development Foundation to integrate USDC transfers and conversions via its platform.

Regulation continues to be a hot-button issue as far as cryptocurrencies are concerned. This week, Patrick McHenry, a Republican member of the House of Representatives, introduced the Clarity for Digital Tokens Act of 2021. This bill looks to establish a safe harbor for digital tokens in the United States.

FTX, the leading decentralized exchange, and derivatives trading platform, has denied reports that it is looking to beef up its ties with Washington.