Head of Investigative Committee Calls for Mandatory Identification of Cryptocurrency Users in Russia

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Today’s Cryptocurrency Headline

Alexander Bastrykin, head of the Investigative Committee of the Russian Federation, said that people who use cryptocurrencies should not remain anonymous. Therefore, the circulation of digital currency requires further legal regulation. First of all, mandatory identification of users of such a currency is necessary. The status of the online platform that offers anonymous cryptocurrency buying and selling is also yet to be determined. The Investigative Committee is Russia’s main federal investigating and anti-corruption authority, subordinate to the Russian president.  It is responsible for fighting corruption and conducting investigations into federal government agencies, local authorities and law enforcement agencies.

BingX’s Bitcoin Chart

Bitcoin price analysis predication
Source: TradingView& BingX

On Saturday, January 15, 2022, the market capitalization of all the stablecoins in existence is $173 billion. Among them, the circulation of ERC-20 USDC is 39.829 billion US dollars, and the circulation of ERC-20 USDT is 39.828 billion US dollars. The circulation of USDC surpassed USDT for the first time, becoming the Stablecoin with the largest circulation on Ethereum. BTC has been trading in the $42,000 – $44,000 zone over the weekend. Ongoing sideways trading is also confirmed by the low volume, which means that neither bulls or bears are dominating. Bitcoin price may stay in this range for a few days.

 

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