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Is Central Asia the New Safe Haven for Crypto Mining Amid Iran-US Crisis?

Analysis Recently, the cryptocurrency mining community has been shaken with rumors of Chinese miners leaving Iran — where crypto mining is authorized as an industrial activity — for Central Asia. The move has ostensibly been taken in an attempt to find a new safe haven amid the tensions between th..

Three Days From Hearings Before India’s Supreme Court on Crypto Ban

Recap The Supreme Court of India has wrapped up the first three days in a hearing on a landmark case brought against the country’s central bank against its ban on banks’ dealings with cryptocurrency-related businesses. From Jan. 14 through 16, proceedings were focused on arguments presented by Ash..

New Hampshire’s Second Bill to Accept Bitcoin as Tax Payment Fails

News Lawmakers in the New Hampshire state legislature have killed a bill that would have allowed state agencies to accept cryptocurrencies as payment for taxes. On Jan. 8, the New Hampshire House of Representatives announced a decision to retract the bill, following a motion from the General Cour..

Coinbase-Backed Crypto Ratings Council Adds eToro, OKCoin

News The Coinbase-backed Crypto Ratings Council (CRC), a group of major United States’ cryptocurrency firms seeking regulatory clarity, has welcomed new members. Established in late 2019, the CRC has expanded to include members like trading platform eToro, crypto exchange OKCoin and Radar, the sta..

Bill to Exempt Small Crypto Transactions From Taxes Returns to US Congress

News A bill seeking to exempt personal cryptocurrency transactions from taxation for capital gains has been reintroduced in the Congress of the United States. What the bill looks to changeCalled “The Virtual Currency Tax Fairness Act of 2020,” the bill would establish an exemption for virtual cur..

Ex-CFTC Chairman to Promote Blockchain-Based USD in New Think Tank

News J. Christopher Giancarlo, former chairman of the Commodity Futures Trading Commission (CFTC), plans to promote the blockchain-based United States dollar with a new think tank. Giancarlo, who earned the “Crypto Dad” moniker for advocating a “do no harm” approach to blockchain regulation, is no..

Russia’s New Prime Minister Sets Course for Digital Economy

News The Prime Minister of the Russian Federation has called on the country to prioritize the development of the digital economy. As domestic news outlet RIA Novosti reported on Jan. 16, Mikhail Mishustin — who was confirmed in the position as the Prime Minister earlier today — noted some key prio..

US Congress Looks at Role of Crypto and Internet in Funding Hate Crimes

News The House Financial Services Committee has raised concerns over the use of cryptocurrencies to fund domestic terrorism in the United States. In a Jan. 15 hearing, the FSC Subcommittee on National Security, International Development and Monetary Policy has examined how U.S. financial instituti..

UAE Can Save Over $3B by Deploying Blockchain, New Research Reveals

News The deployment of blockchain technology can save the United Arab Emirates (UAE) more than $3 billion, according to new findings. The findings were revealed in a white paper entitled “Inclusive Deployment of Blockchain: Case Studies and Learning from the United Arab Emirates,” Emirates News Ag..

Maduro Orders State-Run Firm to Sell 4.5M Oil Barrels for Petro

News Venezuela will soon sell oil from reserves of a state-run oil and gas company for its national oil-pegged cryptocurrency, the Petro (PTR). Venezuelan President Nicolas Maduro has signed a decree to sell 4.5 million barrels of oil from the certified 30 million-barrel reserve maintained by Petr..

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