On November 9, local Russian media outlet Izvestia reported that the Russian Ministry of Economic Development, the Ministry of Energy and the State Duma (Russia's lower house) have proposed legalizing and regulating cryptocurrency mining as a business activity, but the Central Bank of Russia does not support the move because of the risks associated with cryptocurrencies. The Russian Ministry of Economic Development believes regulation would benefit the country and the cryptocurrency industry, and wants to create a new classification code for the industry to register companies and determine taxation procedures, according to the report. Anatoly Aksakov, chairman of the Duma Finance Committee, said miners may be charged higher rates for electricity than for other types of consumption.

On Nov 9, Governor of the Central Bank of Russia Nabiullina said that the digital ruble will have the status of legal tender and cryptocurrencies will pose a risk to financial stability.

November 9 - SDG Exchange, the sustainable carbon credit marketplace, has announced the global launch of its platform, which aims to establish an efficient and transparent global carbon offset market during the ongoing COP26 conference, in accordance with Article 6 of the Paris Agreement. Carbon credits entering the SDGx Carbon Asset Monetization (CAM) market are registered on the blockchain, thereby eliminating current carbon market inefficiencies including double counting, double printing, and double spending. All transactions, escrow, and accounting are recorded publicly through a distributed ledger. Carbon credits can be retained as credits or transferred to digital International Transfer Mitigation Outcomes (ITMO) units, allowing the transfer of carbon credits between countries and markets worldwide. Asset trading is achieved through fiat currency, Bitcoin or Ether.

Chintai, a Singapore-based fintech company that uses blockchain technology to modernize capital markets for banks, financial institutions and asset managers, announces the opening of its Asia Pacific headquarters in Singapore and invites financial institutions such as banks and asset managers to participate in its Beta Institutional Digital Asset Platform program. As a blockchain technology provider for compliant issuance of digital assets, Chintai provides a platform for institutions and SMEs to create, issue and tokenize traditional assets in the capital markets. The platform provides institutions with an easy way to set up their own offerings with interoperable digital asset compliance protocols that provide efficiency and cost savings compared to current practices in the marketplace. The Institutional Beta program includes a variety of asset classes and sophisticated tools to drive adoption.

Golden Finance reports that Coinbase Institutional tweeted that the expiration ETH options open interest strike price is mainly $5,000, followed by $10,000 and $15,000.

on November 8, Bank of Canada Governor Tiff Macklem reiterated the view that Bitcoin should not be classified as a currency: Bitcoin is not a digital currency, people aren't buying things with it. Our paper money is not going away, at least not while I'm governor. At the same time, the economy is indeed becoming more digital, and the epidemic has accelerated that trend. He stressed the need for international cooperation before cryptocurrencies can be used to support large-scale transfers. As previously reported, the Bank of Canada said it has no intention of issuing CBDCs anytime soon, but the situation could change if cash usage continues to decline.

Nov. 8，In the next few months, Tesla (TSLA.O) CEO Musk will face a stock options tax bill of more than $15 billion. He is likely to sell Tesla stock this year regardless of the outcome of the vote on Twitter. Musk received 22.8 million shares of stock awards in 2012 with an exercise price of $6.24 per share. Based on Tesla's closing price of $1,222.09 on Friday, Musk earned just under $28 billion through those options. By calculating that the total federal tax rate plus California state taxes would be 54.1%, Musk would have to pay $15 billion in taxes on these options. Musk is likely to sell his stock at least two quarters apart due to the limited window for CEO-level executives to sell their stock.

The European Central Bank needs to issue a digital euro because ceding space entirely to private sector-initiated initiatives such as stablecoins could jeopardize financial stability and weaken the role of central banks, said ECB Executive Committee member Fabio Panetta. The ECB has been working on designing a digital currency that would be issued directly by the central bank like cash, but the project could still take about five years to launch a real currency. Just as stamps lost much of their usefulness with the advent of the Internet and e-mail, cash could lose its relevance in an increasingly digital economy, and if that becomes a reality, it would undermine the effectiveness of central bank money as a monetary anchor," Panetta said. History shows that financial stability and public trust in money require public and private currencies to be widely used together. To that end, the digital euro must be designed to make it attractive for widespread use as a means of payment, but at the same time prevent it from becoming successful as a way to preserve value, resulting in a run on private currency and increasing the risk to bank operations."