1. Russian Finance Minister: To counter Western sanctions, Russia will allow the use of cryptocurrencies such as Bitcoin in foreign trade
According to Reuters, Russian Finance Minister Anton Siluanov stated that in order to counter Western sanctions, Russian legislation has changed, allowing companies to use Bitcoin and other cryptocurrencies in international payments.
2. Israel will launch six Bitcoin mutual funds on December 31
According to the Israeli media Calcalist, the Israel Securities Authority (ISA) has approved six mutual funds that track the price of Bitcoin, which will be launched simultaneously on December 31, 2024, by institutions such as Migdal Capital Markets, More, Ayalon, Phoenix Investment, Meitav and IBI.
The fund management fees range from 0.25% to 1.5%, with one of the funds being actively managed, aiming to outperform Bitcoin's performance. Initially, these funds will only trade once a day, but may achieve continuous trading in the future.
3. MoonPay has obtained a money transfer license in Texas, allowing residents of the state to purchase 64 cryptocurrencies
According to Crowdfundinsider, the cryptocurrency payment service provider MoonPay has obtained a money transfer license from the Texas Department of Banking, allowing it to provide money transfer 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.
