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Israel Home Party leader Lieberman: Im not sure if the polls accurately reflect the true election results; I estimate the final election results will be released on Friday morning.Israeli Arab party leader Mansour Abbas said he would use the seats he won to create a new situation for Israel.October 28th - According to a report by the Financial Times citing sources, the US and Russia are discussing using the return of US companies to the Russian energy market as an economic incentive to advance peace talks between Russia and Ukraine. This includes reviving the Sakhalin Island oil and gas joint venture project and resuming Russian oil exports to Europe via the Friendship pipeline. Other proposals under discussion include selling Lukoils overseas assets to investors with close ties to the White House, having Novatek participate in the Alaskan LNG project, resuming gas supplies to Europe via parts of the remaining Nord Stream pipeline, easing sanctions on Russian potash fertilizer, and having a US entity take over the management of the Russian-controlled Zaporizhia nuclear power plant. US officials stated that such economic cooperation must be integrated into a comprehensive peace framework, and no agreement has yet been finalized. The report points out that Europe opposes easing sanctions against Russia before the end of the war, and US companies are cautious about returning to the Russian market, leaving considerable uncertainty about whether these proposals will be implemented.Joint statement: The foreign ministers of Jordan and Syria agreed to establish a joint security committee to investigate the details of Jordans recent strikes against ISIS targets in Syria.According to Israeli media, the final voter turnout for this election was 77.7%.

Cuba Allows Cryptocurrency Services but Requires A License From the Central Bank

Cory Russell

Apr 28, 2022 09:50

After approving the personal use of cryptocurrencies last year, the Cuban central bank released rules for virtual asset service providers on Tuesday, a move that some experts believe might help the Communist-run Caribbean island avoid hefty US penalties.


Cryptocurrencies, which enable financial transactions to be carried out anonymously and decentralized, have previously been used to circumvent capital regulations and improve the efficiency of payments and transfers.


Those intending to use cryptocurrencies must get a license, according to the bank authorisation, which was published in the government's official gazette on Tuesday.


Before giving a license, the bank said it would assess the legality, socioeconomic interest, and project features of every request. The license would be valid for one year at first.


The introduction of mobile internet three years ago paved the path for cryptocurrency transactions in Cuba, and the number of cryptocurrency fans on the island is rising as the currencies assist the nation overcome difficulties posed by US sanctions.


Cubans are blocked off from traditional international payment systems and financial markets by the US trade embargo, which has been in place for decades. On the island, Cubans are unable to get credit or debit cards for foreign usage, and they struggle to do so overseas.


"If the central bank is developing a cryptocurrency-friendly legislative framework, it is because they have already concluded that it may help the nation," said Pavel Vidal, a former Cuban central bank economist who now teaches at the Pontificia Universidad Javeriana Cali in Colombia.


El Salvador, the first nation in the world to embrace bitcoin as legal cash, is one of Cuba's Latin American neighbors to be interested in cryptocurrencies.


Vidal said he doubted Cuba would follow El Salvador's lead and adopt bitcoin as its currency of choice or create its own cryptocurrency, instead preferring to focus on enabling remittances and international foreign trade activities.


"This may lower the cost of these international transactions and provide an alternative to dollar-based operations that are less susceptible to sanctions," he added.

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