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Russia's Energy Ministry Mulls Compulsory Registry for Crypto Mining Equipment
Russia’s Ministry of Energy is planning to create a mandatory registry of crypto mining equipment to identify mining businesses. The initiative has been proposed by Yevgeny Grabchak, the Deputy Minister of Energy.
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Thailand Reportedly Plans to Test Cryptocurrency Payment Options for Tourists
Thailand’s Deputy PM and Finance Minister Pichai Chunhavajira said crypto will soon be tested as an alternative payment option to cash for the convenience of the tourists. As per the report by Nation Thailand, this initiative to test crypto payments is to ensure that Thailand does not miss out of business opportunities because of its reluctance t...
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EU’s MiCA Inspires Nigerian Policy Analyst to Urge for Similar Crypto Legislation: Report
Nigerian policy analyst Obinna Uzoije said in a recent interview that the Economic Community of West African States (ECOWAS) to examine the intricacies of MiCA and how the legal framework has systematically and uniformly been deployed across the EU region.
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Bolivia Reverses Bitcoin Ban, Legalises Crypto Transactions for Banks
Bolivia is aiming to balance its economy, which is presently far from being in a state of flourish. While no cryptocurrency is being seen as a legal tender in Bolivia yet, allowing crypto transactions could fetch the nation more in remittances since cross border crypto transactions are instant and almost free.
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RBI Releases Financial Stability Report With Mention of DeFi, US Efforts to Regulate Crypto Sector
The crypto sector was briefly mentioned in RBI’s recently released Financial Stability Report. Talking in particular about DeFi, the report said that global regulatory bodies like the Financial Action Task Force and the International Organisation of Securities Commissions (IOSCO) are constantly examining developments around DeFi.
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Crypto Mining Banned in Venezuela, Thousands of Machines Seized
The government of Venezuela has joined forces with the national electrical system to identify and disconnect crypto mining farms from the power grid in the course of the coming few days. The Venezuelan Ministry of Electrical Energy (MPPPE) has already kick started a power supply control plan to bust crypto mining clusters.
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Thailand Takes Decision to Ban Unlicenced Crypto Exchanges to Prevent Online Crime
This week, the Securities and Exchange Commission of Thailand released a public order that said that it was coordinating with the Thai government to block unauthorised providers of digital assets services.
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Binance Plans to Get India Ban Revoked, Working on Compliance Mandates: Report
Binance is looking to re-enter the Indian market, but this time as an entity registered by the Financial Intelligence Unit (FIU). The exchange is also reportedly gearing up to pay $2 million (roughly Rs. 16.7 crore) to the Indian government in penalties.
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China Launches Public Blockchain Platform Despite Unfriendly Crypto Stance
Chaina aims to equip cross-border transactions related to its Belt and Road Initiative (BRI) with blockchain capabilities. To do so, the Chinese government has launched the ‘Ultra-Large Scale Blockchain Infrastructure Platform for the Belt and Road Initiative’ in a fresh development.
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Binance Banned in Philippines, Firm’s Controversy in Nigeria Add to its Troubles
The government of Philippines has announced a ban on Binance citing its lack of official operational licence. Residents of the country who were using the platform are distressed about the safety of their funds.
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Crypto Purchase Via Credit Card Could be Banned in South Korea, Here’s Why
The Financial Services Commission (FSC) of South Korea is proposing to ban the purchase of cryptocurrencies via credit cards. For now, the regulator has opened the topic for public feedback up until February 13. After review of this feedback, a concrete decision on the subject is likely to be finalised in the first half of 2024.
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Philippines' SEC to Block Access to Binance, Says Crypto Exchange's Operator Not a Registered Corporation
The Philippines' Securities and Exchange Commission has begun the process of blocking access to the world's largest crypto exchange Binance, whose chief last week stepped down and pleaded guilty to breaking US anti-money laundering laws.
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Cryptocurrency Ponzi Scam Unearthed in Odisha, Head of ‘Yes World Crypto Token’ Arrested
The Economic Offences Wing (EOW) of Odisha has arrested the Country Head of "Yes World Crypto Token," namely Sandeep Choudhary (40) from Jaipur. Choudhary is a native of Rajasthan's Jhunjhunu. The case was registered on October 16 under sections 420, 467, 468, 471 and 120-B of the Indian Penal Code and sections 4, 5 and 6 of the Prize Chits and Mon...
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JPMorgan’s UK Bank Chase to Ban Crypto Transactions After Increase in Scams
JPMorgan's British retail bank Chase will ban crypto transactions made by customers from October 16 due to an increase in fraud and scams, the company said on Tuesday.
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Talks Underway for Global Framework on Crypto Rules, Says FM Nirmala Sitharaman
Discussions are underway on a global framework to regulate crypto assets, India's finance minister said on Tuesday, adding that cryptocurrencies could not be regulated efficiently without the co-operation of all countries.
-
Russia's Energy Ministry Mulls Compulsory Registry for Crypto Mining Equipment
Russia’s Ministry of Energy is planning to create a mandatory registry of crypto mining equipment to identify mining businesses. The initiative has been proposed by Yevgeny Grabchak, the Deputy Minister of Energy.
-
Thailand Reportedly Plans to Test Cryptocurrency Payment Options for Tourists
Thailand’s Deputy PM and Finance Minister Pichai Chunhavajira said crypto will soon be tested as an alternative payment option to cash for the convenience of the tourists. As per the report by Nation Thailand, this initiative to test crypto payments is to ensure that Thailand does not miss out of business opportunities because of its reluctance t...
-
EU’s MiCA Inspires Nigerian Policy Analyst to Urge for Similar Crypto Legislation: Report
Nigerian policy analyst Obinna Uzoije said in a recent interview that the Economic Community of West African States (ECOWAS) to examine the intricacies of MiCA and how the legal framework has systematically and uniformly been deployed across the EU region.
-
Bolivia Reverses Bitcoin Ban, Legalises Crypto Transactions for Banks
Bolivia is aiming to balance its economy, which is presently far from being in a state of flourish. While no cryptocurrency is being seen as a legal tender in Bolivia yet, allowing crypto transactions could fetch the nation more in remittances since cross border crypto transactions are instant and almost free.
-
RBI Releases Financial Stability Report With Mention of DeFi, US Efforts to Regulate Crypto Sector
The crypto sector was briefly mentioned in RBI’s recently released Financial Stability Report. Talking in particular about DeFi, the report said that global regulatory bodies like the Financial Action Task Force and the International Organisation of Securities Commissions (IOSCO) are constantly examining developments around DeFi.
-
Crypto Mining Banned in Venezuela, Thousands of Machines Seized
The government of Venezuela has joined forces with the national electrical system to identify and disconnect crypto mining farms from the power grid in the course of the coming few days. The Venezuelan Ministry of Electrical Energy (MPPPE) has already kick started a power supply control plan to bust crypto mining clusters.
-
Thailand Takes Decision to Ban Unlicenced Crypto Exchanges to Prevent Online Crime
This week, the Securities and Exchange Commission of Thailand released a public order that said that it was coordinating with the Thai government to block unauthorised providers of digital assets services.
-
Binance Plans to Get India Ban Revoked, Working on Compliance Mandates: Report
Binance is looking to re-enter the Indian market, but this time as an entity registered by the Financial Intelligence Unit (FIU). The exchange is also reportedly gearing up to pay $2 million (roughly Rs. 16.7 crore) to the Indian government in penalties.
-
China Launches Public Blockchain Platform Despite Unfriendly Crypto Stance
Chaina aims to equip cross-border transactions related to its Belt and Road Initiative (BRI) with blockchain capabilities. To do so, the Chinese government has launched the ‘Ultra-Large Scale Blockchain Infrastructure Platform for the Belt and Road Initiative’ in a fresh development.
-
Binance Banned in Philippines, Firm’s Controversy in Nigeria Add to its Troubles
The government of Philippines has announced a ban on Binance citing its lack of official operational licence. Residents of the country who were using the platform are distressed about the safety of their funds.
-
Crypto Purchase Via Credit Card Could be Banned in South Korea, Here’s Why
The Financial Services Commission (FSC) of South Korea is proposing to ban the purchase of cryptocurrencies via credit cards. For now, the regulator has opened the topic for public feedback up until February 13. After review of this feedback, a concrete decision on the subject is likely to be finalised in the first half of 2024.
-
Philippines' SEC to Block Access to Binance, Says Crypto Exchange's Operator Not a Registered Corporation
The Philippines' Securities and Exchange Commission has begun the process of blocking access to the world's largest crypto exchange Binance, whose chief last week stepped down and pleaded guilty to breaking US anti-money laundering laws.
-
Cryptocurrency Ponzi Scam Unearthed in Odisha, Head of ‘Yes World Crypto Token’ Arrested
The Economic Offences Wing (EOW) of Odisha has arrested the Country Head of "Yes World Crypto Token," namely Sandeep Choudhary (40) from Jaipur. Choudhary is a native of Rajasthan's Jhunjhunu. The case was registered on October 16 under sections 420, 467, 468, 471 and 120-B of the Indian Penal Code and sections 4, 5 and 6 of the Prize Chits and Mon...
-
JPMorgan’s UK Bank Chase to Ban Crypto Transactions After Increase in Scams
JPMorgan's British retail bank Chase will ban crypto transactions made by customers from October 16 due to an increase in fraud and scams, the company said on Tuesday.
-
Talks Underway for Global Framework on Crypto Rules, Says FM Nirmala Sitharaman
Discussions are underway on a global framework to regulate crypto assets, India's finance minister said on Tuesday, adding that cryptocurrencies could not be regulated efficiently without the co-operation of all countries.
