New UK Cybersecurity Proposals Aim to End Ransomware Payments in Public Sector

The UK government has unveiled groundbreaking proposals to combat ransomware attacks, focusing on safeguarding critical infrastructure such as hospitals, public services, and transportation networks. These measures aim to diminish the financial appeal of ransomware by banning all public sector entities, including the NHS and local councils, from making ransom payments. This ban extends current restrictions […]

$1.1M Penalty Slammed on Mosaic Exchange in Crypto Fraud Scandal

A crypto firm has been fined $1.1 million for deceiving customers and misusing funds, as the CFTC highlights growing concerns about unregistered investment schemes. CFTC Strikes: Fraudulent Crypto Firm Banned, $1.1 Million Fine Issued The Commodity Futures Trading Commission (CFTC) announced on Monday that Mosaic Exchange Ltd. and its CEO, Sean Michael, have been ordered […]

Dedollarization Advances: Russia and Myanmar Discuss National Currency Payment System

Efforts to trade using national currencies are intensifying, as nations aim to reduce reliance on the U.S. dollar and Western financial systems while boosting economic independence. Russia’s Plans for National Currency Payment Systems Signal Declining Dollar Use Countries worldwide are increasingly opting for national currencies in trade agreements, reducing reliance on the U.S. dollar and […]