That may not necessarily be a good thing for the struggling state. The de facto state of Abkhazia threw the towel on its fight against crypto mining, with the president recently announcing measures to lift the nation’s current ban. According to Finanz.ru, Aslan Bzhania stated on Thursday that his government plans to introduce “the most…
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It is already illegal to mine crypto within the de facto state. Abkhazia, a de facto state in the South Caucasus, continues to face an energy crisis. The head of the region’s national energy provider recently blamed increased crypto mining activity for the problems. According to Jam News, the government’s year-old ban on crypto mining…
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Local sources speculate on the possibilities of a cryptocurrency ban in India. The draconian bill introduced by the country’s former finance secretary Subhash Chandra Garg in 2019 to ban cryptocurrencies in India haunts the country’s crypto enthusiasts and entrepreneurs to this day. Reports from Bloomberg and the local news outlet Economic Times about the further…
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‘Disappointing to see India flip-flop on crypto,’ Garlinghouse stated. Indian government officials are reportedly planning to discuss a new bill whose legal framework would ban cryptocurrencies on the subcontinent. According to a Sept. 15 report from Bloomberg, the Indian federal cabinet is considering a law banning crypto six months after courts lifted a blanket ban.…
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The plot thickens as Bithumb director’s shares are seized after he had applied for the seizure of the chairman’s shares. South Korea’s largest cryptocurrency exchange Bithumb has been raided by the Seoul Metropolitan Police for the third time this month, according to a report in a local media outlet. During the Sep. 16 raid, police…
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The Philippines SEC has identified ‘Mining City’ as a Ponzi scheme and warned promoters of the scam that they could face up to 21 years imprisonment. The Philippines SEC has released an official warning about Bitcoin (BTC) “cloud mining” company Mining City, advising the public to steer clear of the scheme and others like it.…
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ePayments is preparing to relaunch but there will be no crypto or peer-to-peer payments. The ePayments online money transfer platform is restarting services following a seven month suspension – and notably absent this time around is support for cryptocurrencies. ePayments is a global money transfer service that boasts over 1 million accounts and has issued…
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‘100% coverage is our goal,’ said Binance US. New legislation may make it possible for Binance US, the American branch of crypto exchange Binance, to open its doors to all traders in every state by next year. According to a Sept. 15 tweet from Binance U.S. CEO Catherine Coley, the digital asset marketplace has just…
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Privacy coins aren’t a major money laundering risk a new white paper argues. Privacy coins including Monero, Dash, Grin, and Zcash pose less of a risk of money laundering than other cryptocurrencies according to a report by a global law firm. According to a new white paper released by U.S. international law firm Perkins Coie,…
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The fintech firm was supposed to reinstate its CFTC registration after 12 months of no trading but will not have to face an enforcement action. The United States Commodity Futures Trading Commission will still be allowing New York-based fintech firm Tassat to proceed with its Bitcoin swap contracts after failing to meet regulatory requirements. According…
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