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Russia to Ban Mining Activity in 10 Regions From Jan 2025: Report

The Russian government has approved a decree banning cryptocurrency mining in 10 regions from January 1, 2025, until March 15, 2031, according to a report by TASS.

, by Tanzeel Akhtar

Blockchain News

Abkhazia Says It Has Shut Down ‘All Large Crypto Mining Farms’

The de facto nation of Abkhazia claims it has shut down all “large” crypto mining “farms” on its territory.

Blockchain News

OKX Ceases Operations in India, Citing Regulatory Hurdles

OKX has emailed its users in India to inform them that it will discontinue its services there, urging them to withdraw their funds by the end of April.

, by Hassan Shittu

Today in Crypto: Crypto Hacks Drop 70% in Q1 2023, Binance CSO Said Reuters’ ‘Weak’ Article is Filled with Conspiracy Theories, Solana Integrates AI with a ChatGPT Plugin

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________Security news Around $400 million was stolen across nearly 40 cryptocurrency attacks in the first three months of 2023...

, by Sead Fadilpašić

Today in Crypto: ‘If Government Bans Drugs, It Should Ban Crypto’, SVB Financial Group Files for Bankruptcy, BlockSec Stops Hacker from Stealing ETH 2,900

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________Regulation news Johan Van Overtveldt, a member of the European Parliament and former Belgian finance minister, called for a...

, by Sead Fadilpašić

Thailand Bans ‘Depository Services’, Chinese Court Says Investors Can Trade Crypto, Coinbase-BR Partnership + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________Regulation newsThailand's Securities and Exchange Commission (SEC) has banned crypto companies from offering staking and...

, by Sead Fadilpašić

Taliban Release Arrested Crypto Dealers, Ban Crypto in Afghanistan

The Taliban has released arrested crypto dealers after around a week in detention but has imposed a nationwide ban on digital assets citing scams and fraud.On August 14, the Taliban forces raided a total of 16 local crypto exchanges in Herat, the third-largest city of Afghanistan, without...

, by Ruholamin Haqshanas

Chinese Web Censor Resolves to Keep Cracking Down on Crypto After Closing 12K Social Media Accounts

China’s internet censor has struck again – and says it will continue to carry out a national crypto crackdown after closing thousands of crypto-related social media accounts and ordering the deletion of tens of thousands of crypto-themed posts.Per Yicai, the censor, the Cyberspace...

Here’s Why Russia Has Issued a New ‘Crypto Payments Ban’

Vladimir Putin, the president of the aggressor state of Russia, has signed a new law that will ban the use of cryptoassets and other “digital assets” in the payments space – even though crypto pay is already illegal in the country.The use of cryptocurrencies as a means of...

This Is Why ‘the Government’ Is Not Going to Ban Digital Assets

Benjamin Dean, Director, Digital Assets, WisdomTree, an asset management firm and exchange-traded fund (ETF) provider._____2022 has seen a number of major public policy shifts for digital assets in the United States, the United Kingdom (UK), and the European Union (EU). Far from banning...

, by Benjamin Dean

Bitcoin Mining Can be a Force for Good or Bad, Banning it Doesn’t Solve Anything – FTX.US President

Bitcoin (BTC) mining can be a force for both good and bad, depending on how it’s done and where it happens. But countries thinking of banning it should know that miners will not hesitate to simply move somewhere else, FTX.US president Brett Harrison said at the World Economic Forum in...

, by Fredrik Vold

SEC vs. NVIDIA, Sanctioned Bitcoin Mixer, Bluesky Code, VCs Target NFTs + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________Regulation newsThe US Securities and Exchange Commission (SEC) announced it settled charges against tech company NVIDIA...

, by Sumejja Muratagić-Tadić

Brace for More S Korean Altcoins as President-Elect Prepares to Ditch ICO Ban

South Korea’s President-Elect Yoon Suk-yeol has indicated he is ready to come good on some of the crypto-related campaign promises that helped him win power earlier this year – and could end an initial coin offering (ICO) ban that dates back to 2017.Yoon will be sworn into power...

EU Institutions to Continue MiCA Discussions Without Bitcoin Mining Ban Proposal

As the European Parliament continues its work on the crypto-focused MiCA regulation, Stefan Berger, a German member in charge of shepherding the legislation, has announced that his mandate to lead inter-institutional talks on MiCA was not scrapped -- thus advancing the regulation towards...

, by Jaroslaw Adamowski

Crypto Banned as a Payment Method in Thailand, Trading Intact

Thailand has banned the use of cryptocurrencies as a means of payment for goods and services in the country, saying that their use could threaten financial stability and the national economy.According to a notice published on the website of Thailand’s Securities and Exchange Commission...

, by Fredrik Vold

Regulators in Ukraine, Russia Tell Banks to Block Certain Types of Crypto Transfers

Banks on both sides of the Russia-Ukraine war are taking measures to restrict the flow of crypto funds overseas, with central banks keen to limit private citizens from making crypto-related cross-border transactions through banks.Forklog’s Ukraine service reported that PrivatBank, one...

EU Crypto Industry Calls to Arms as Bitcoin & Ethereum Ban in Cards Again

France-based hardware wallet manufacturer Ledger sounded an alarm about a possible EU-wide ban on cryptoassets that are using the proof-of-work (PoW) consensus mechanism, calling people to contact members of the European Parliament (MEPs) and oppose the move."At the last possible moment, certain...

, by Linas Kmieliauskas

Chinese Provinces Tighten Crypto Crackdown – Despite Setting New Electricity Rates for Miners

A number of Chinese provinces have increased the rate at which crypto miners must pay for electricity – despite the fact that mining has been outlawed in the nation.The China Times reported that the authorities in Zhejiang Province, Hainan Province, and the Inner Mongolia Autonomous...

Russia Inches Closer to Crypto Regulation as Ministry Hands Gov’t its Draft Bill

Russia’s Ministry of Finance says it has formally submitted its draft bill on crypto regulation to the government – a move that could finally put an end to the political in-fighting that has dogged politicians in their bid to police the industry.In a press release, the ministry...

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