Government

UK Refutes EU Regulation to Monitor Unhosted Digital Wallets
Jun 22, 2022 at 11:40
News
UK Refutes EU Regulation to Monitor Unhosted Digital Wallets
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
News
Russian Oil Company Turns to Cryptocurrency Mining Amidst Crippling Western Sanctions
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.
Washington DC Based Crypto Think Tank Sues US Treasury and IRS over 'Illegal' Cryptocurrency Spying
Jun 14, 2022 at 14:20
News
Washington DC Based Crypto Think Tank Sues US Treasury and IRS over 'Illegal' Cryptocurrency Spying
A cryptocurrency community has sued both the US Treasury Department and IRS over allegations of financial espionage against its members. The crypto community claims that Section 6050I's reporting requirements violate its rights. According to the group, Section 6050I violates both the First Amendment and the Fifth Amendment to US laws.
Bank Of Uganda Warned Traders Against Cryptoasset Business
May 10, 2022 at 13:00
News
Bank Of Uganda Warned Traders Against Cryptoasset Business
The Central Bank of Uganda (BoU) has warned citizens against using Bitcoin and other forms of cryptocurrencies for business.
Russia Seeks a way to Legalize Cryptocurrency Mining as Soon as Possible
Mar 28, 2022 at 10:40
News
Russia Seeks a way to Legalize Cryptocurrency Mining as Soon as Possible
The issue of legalizing the mining of cryptocurrencies in Russia is not new. However, now the country's Energy Ministry is emphasizing the need to create a proper framework so that the economy can benefit from it.
Standing at the Forefront: Japan Embraces Cryptocurrency Despite Failures
Mar 24, 2022 at 12:12
News
Standing at the Forefront: Japan Embraces Cryptocurrency Despite Failures
Japan is one of the nations leading the cryptocurrency adoption, and legitimization, which has expounded the cryptocurrency business in Japan with its deeper technological advancements.
South Korea Embraces Cryptocurrency While Testing its own CBDC
Mar 23, 2022 at 12:00
News
South Korea Embraces Cryptocurrency While Testing its own CBDC
South Korea is known for its technological advances in various fields. With the introduction of cryptocurrencies, the country has begun to actively explore the potential of this industry.
Cryptocurrency Will Not Save the Russian Economy, if the Government does not Change its Stance
Mar 18, 2022 at 11:11
News
Cryptocurrency Will Not Save the Russian Economy, if the Government does not Change its Stance
Russia is facing tough restrictions that could push the country into complete economic isolation. In such a situation, it is only natural to look for alternatives that will help circumvent the restrictions and maintain international relations.
Kazakh Authorities Spotted 13 Underground Cryptocurrency Mining Farms Illegally Consuming Energy
Feb 24, 2022 at 13:21
News
Kazakh Authorities Spotted 13 Underground Cryptocurrency Mining Farms Illegally Consuming Energy
Kazakhstan's Energy Ministry is redoubling its efforts to fight illegal cryptocurrency mining. This week, 13 illegal facilities with a total capacity of over 200 Wt were discovered and shut down.
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