UK Refutes EU Regulation to Monitor Unhosted Digital Wallets
Jun 22, 2022 at 11:40
The United Kingdom has declined to implement a European Union rule requiring EU governments to monitor transactions on non-hosted digital wallets. The UK preferred to monitor transactions above a certain minimum amount to ensure compliance with financial regulations.
Russian Oil Company Turns to Cryptocurrency Mining Amidst Crippling Western Sanctions
Jun 21, 2022 at 09:19
Russian oil company Gazpromneft announced that it will use its massive oil resources to mine cryptocurrencies. This comes after US sanctions on Russian oil have led to a significant drop in profits for many oil companies. Gazpromneft, a subsidiary of Russian oil giant Gazprom, hopes to use cryptocurrency mining to boost its profits.