1. Russian Finance Minister: To respond to Western sanctions, Russia will allow the use of Bitcoin and other cryptocurrencies in foreign trade.
According to Reuters, Russian Finance Minister Anton Siluanov stated that in response to Western sanctions, Russian legislation is changing to allow businesses to use Bitcoin and other cryptocurrencies for international payments.
2. Israel will launch six Bitcoin mutual funds on December 31.
According to Israeli media Calcalist, the Israeli Securities Authority (ISA) has approved six mutual funds that track Bitcoin prices, which will launch simultaneously on December 31, 2024, by institutions such as Migdal Capital Markets, More, Ayalon, Phoenix Investment, Meitav, and IBI.
The fund management fee ranges from 0.25% to 1.5%, with one fund being actively managed, aiming to outperform Bitcoin. Initially, these funds traded only once a day, but continuous trading may be possible in the future.
3. MoonPay has been granted a remittance license in Texas, allowing residents to purchase 64 cryptocurrencies.
According to Crowdfundinsider, cryptocurrency payment service provider MoonPay has obtained a remittance license issued by the Texas Department of Banking, enabling it to provide remittance services.
MoonPay allows residents of the state to purchase 64 different cryptocurrencies using Venmo and PayPal on MoonPay and plans to expand its services in Texas by 2025, allowing residents to sell cryptocurrencies, including Bitcoin, Ethereum, and SOL.
