The government of Uzbekistan has moved to expand its crypto regulations through a decree signed by President Shavkat Mirziyoyev. The document provides definitions for terms like crypto assets, exchange, and mining, and determines the main regulatory body for the industry. Agency Under President Mirziyoyev to Oversee Crypto Market in Uzbekistan Uzbekistan’s head of state, Shavkat […]
Category: crypto miners
bill Bitcoin Crypto crypto miners crypto mining cryptocurrencies Cryptocurrency draft law law Legislation Miners Mining parliament regulation Regulations Russia russian State Duma
Invoice Regulating Crypto Mining Submitted to Russian Parliament
A draft law tailored to regulate cryptocurrency mining has been filed with the lower house of Russian parliament, the State Duma. The legislation provides a legal definition for the extraction of digital currencies and envisages the establishment of a register for miners. Russian Lawmakers to Review Legislation Enforcing Rules for Crypto Mining Sector The draft […]
Bitcoin consumption Crypto crypto miners crypto mining cryptocurrencies Cryptocurrency deficit Electricity increase Kazakhstan Levy Miners Mining power Price rates shortages Tax tax burden Taxation Value
Kazakhstan to Lengthen Tax for Miners, Considers Tying Levy to Crypto Prices
The government of Kazakhstan is preparing to increase the tax burden for cryptocurrency miners and intends to tie the new rate to the value of the minted cryptocurrency. The authorities in Nur-Sultan believe that such an approach would have a positive effect on the state budget. Miners in Kazakhstan to Pay Tax on the Value […]
Abkhazia ban Bitcoin Mining breakdowns Crypto crypto miners crypto mining cryptocurrencies Cryptocurrency deficit Electricity equipment Georgia Hardware imports Miners Mining power Republic shortages
Abkhazia Extends Crypto Mining Ban Unless Stay of Year
Authorities in Abkhazia have decided to maintain a ban on cryptocurrency mining in the territory. The partially recognized republic in the South Caucasus is restricting the energy-intensive extraction of digital currencies, citing problems with power supply. Bitcoin Mining Remains Prohibited in Abkhazia The government of Abkhazia, a breakaway republic in Georgia, has prolonged current restrictions […]
Authorities Bitcoin Bitcoin Miners Bitcoin Mining Crackdown Crypto crypto miners crypto mining cryptocurrencies Cryptocurrency Electricity Energy Malaysia Malaysian Miners Mining Mining Devices mining machines mining rigs Police power Theft utility
Malaysia Detains Over 600 Other folks for Stealing Electrical energy to Mine Cryptocurrency
In the past two years, law enforcement authorities in Malaysia have arrested hundreds of individuals for theft of electricity allegedly used to mint digital currencies. The country’s police force has also confiscated equipment worth millions of dollars. Malaysia Police Announce Results From Crackdown on Illegal Mining Since 2020, Malaysian authorities have detained a total of […]
blackouts Crackdown Crypto crypto farm crypto farms crypto miners crypto mining cryptocurrencies Cryptocurrency Electricity Energy inspections Kazakhstan Miners Mining operation power deficit Raid shortages
Kazakhstan Police Shut Down One other Crypto Farm Amid Ongoing Crackdown on Mining
Law enforcement officers in Kazakhstan have busted another mining facility as they continue to crack down on illegal activities in the sector. The crypto farm, located at a railway station, is the latest targeted mining operation in the country which has been struggling with its power deficit. Authorities in Kazakhstan Seize Over 100 Mining Rigs […]