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Midweek Roundup: Facebook Abandons Cryptocurrency, Bulgaria Blocks Russian Embassy Payment, and More

Meta Platforms, a company owned by Facebook's Mark Zuckerberg, quietly dropped plans to establish Novi, a cryptocurrency payment system that would have allowed users to transmit value via Facebook Messenger or WhatsApp, Centre Daily News reported. More Bulgarian authorities blocked a payment worth $890,000 to the Russian Embassy in Sofia pursuant to EU sanctions, Reuters reported. More The head of South Africa's central bank warned that the country "almost certainly" faces inclusion on the Financial Action Task Force's gray list, Daily Maverick reported. More Raja Kumar, FATF's new president, said that during his one-year term, the organization will prioritize efforts...

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