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Russian bank given crypto license: China to monitor outflows

As the conflict between Russia and Ukraine rages on and sanctions continue to mount, Russia-based bank Sberbank obtains a crypto license from the Central Bank of Russia. Meanwhile in China, social media platform Weibo allows its users to mint NFTs of their social media posts.

Welcome to The Daily Forkast – March 18th, 2022 – presented by Megha Chaddah.

Coming up on today’s show:

Russia’s sanctioned Sberbank obtains crypto license from central bank.

Moving into China, Weibo allows users to mint NFTs of their social media posts.

Meanwhile, Chinese authorities say they will closely monitor capital outflows following Fed hike, but what might that mean for the digital yuan?

And finally, we take a closer look at how the legislative and regulatory moves made by both the White House and the European Union could change the landscape for the crypto industry.

We’ll have more on those stories — and other news shaping the cryptocurrency and blockchain world — in this episode of The Daily Forkast March 18th.