Ukraine Targets Crypto in Political Funding
Ukraine's National Securities and Stock Market Commission (NSSMC) has outlined key directions for regulating crypto in political campaign financing. Risks to transparency from digital assets' "pseudonymous and cross-border nature" were highlighted during an expert dialogue with International IDEA, also covering international practices.
Proposed approaches for a draft law include implementing the "Travel Rule" for transaction identification, requiring virtual asset providers to report to tax authorities and adopt international standards like CARF, and restricting market access for participants with Russian capital or ties.
Ukraine's National Securities and Stock Market Commission (NSSMC) has outlined key directions for regulating crypto in political campaign financing. Risks to transparency from digital assets' "pseudonymous and cross-border nature" were highlighted during an expert dialogue with International IDEA, also covering international practices.
Proposed approaches for a draft law include implementing the "Travel Rule" for transaction identification, requiring virtual asset providers to report to tax authorities and adopt international standards like CARF, and restricting market access for participants with Russian capital or ties.
Grayscale Zcash Trust Volume Surges, Shielded Supply Hits ATH: Is $400 ZEC's Next Target?
Grayscale's Zcash Trust (ZCSH) saw its trading volume double, pushing daily figures past $2 million. Concurrently, Zcash's shielded supply hit an all-time high, now representing approximately 30% of ZEC's circulating supply. This convergence of institutional activity and on-chain privacy adoption presents a significant development.
ZEC's price, currently at $335, has made a substantial recovery from its February lows. Yet, it encountered stiff resistance at the $400 mark, a critical ceiling that previously rejected price action. This level is pivotal, separating a mere recovery from a genuine trend reversal attempt.
Grayscale's Zcash Trust (ZCSH) saw its trading volume double, pushing daily figures past $2 million. Concurrently, Zcash's shielded supply hit an all-time high, now representing approximately 30% of ZEC's circulating supply. This convergence of institutional activity and on-chain privacy adoption presents a significant development.
ZEC's price, currently at $335, has made a substantial recovery from its February lows. Yet, it encountered stiff resistance at the $400 mark, a critical ceiling that previously rejected price action. This level is pivotal, separating a mere recovery from a genuine trend reversal attempt.