FameEX Afternoon Crypto News Recap | March 8, 2023

Russian Crypto Industry Association Asks Putin to Help With Regulations
https://www.fameex.com/en-AU/news/crypto-trending-news-2023030803
The Russian Association of Cryptoeconomics, Artificial Intelligence and Blockchain (Racib) has called on President of Russia Vladimir Putin to back the crypto community in shaping the country’s regulatory framework for cryptocurrencies and related technologies.

China announces plans for new national financial regulator
The new administration will replace the current banking and insurance watchdog, which coincides with a more extensive government overhaul.

Brazil’s ‘Digital Real’ CBDC Could Make TradFi History
Traditional finance (tradFi) is long overdue for disruption. Brazil’s central bank believes CBDCs could unlock significant innovation in the financial technology industry. This could cut costs, expand access, and create new services, transforming banking for good.

South Korea Uncovers $4.3B FX Transactions Linked to Crypto Speculation
The Korea Customs Service in 2022 uncovered a total of 15 cases of illegal foreign exchange transactions purposed for virtual asset speculation. These transactions were worth 5.6 trillion won (approximately $4.3 billion), local media Yonhap News Agency reported on Tuesday.

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