Liability for illicit trafficking of digital assets: crypto market news

Dogeсoin surpassed BTC and Ethereum in search queries in the U.S., Russia will introduce responsibility for illicit trafficking of digital assets – these and other important cryptocurrency market news in our daily review.

The Federal Tax Service (FTS) of Russia is now actively studying the cryptocurrency market, the head of the agency Daniil Egorov announced in an interview with RBC.

Dogecoin has become the most popular cryptocurrency by search queries in 23 U.S. states, according to The Advisor Coach survey. Bitcoin and ETH/USD ranked second (10 states) and third (eight states), according to Business Insider.

The Bank of Russia proposes to introduce responsibility for the illegal circulation of digital financial assets (DFAs) and establish a procedure for taxation of transactions with them.

Crypto-payment infrastructure provider MoonPay completed a $555 million Series A funding round led by Tiger Global Management and Coatue.

Over the past few months, 14 major mining companies have taken more than 2 million pieces of equipment out of China. The main recipients were Russia, Kazakhstan, the United States and Canada, the Financial Times informs.

According to Messari, the token of the blockchain game platform Gala Game has risen the most over the past week among digital assets. GALA/USD rose more than 322 percent to $2.37 billion, while COCOS/USD fell more than 20 percent in Monday’s trading.