Kazakhstan To Establish Legal Framework For Bitcoin, Crypto: Report

The legislation seeks to establish clearer guidelines for mining, taxes and licensing for service providers such as exchanges in the region.

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Iranian government to cut power supply for the country's legal crypto mining rigs

For years, the country has heavily subsidized its electricity production leading to extremely low prices. It claims that this has now become unsustainable.

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Outgoing French Lawmaker Calls for Fossil-Based Crypto Mining Ban, DAO Legal Status

Europe needs to stop dithering and capture the crypto opportunity, Pierre Person says

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В Парагвае поддержали законопроект о майнинге криптовалют

Нижняя палата парламента Парагвая одобрила законопроект, регулирующий майнинг и торговлю криптовалютами. Об этом сообщил конгрессмен Карлос Рехала. NOW!A big leap for #bitcoin in Paraguay 🇵🇾🚀The second chamber of Congress just approved the bill proposal for creating a legal framework for bitcoin mining.

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Do Kwon faces legal trouble in South Korea, China remains Bitcoin mining powerhouse, and Ethereum 2.0 eyes ‘huge testing milestone’: Hodler’s Digest, May 15-21

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How Mining Pools Adapt To Changing Market Conditions

Miners need to be flexible to changes in the market, including global cultural differences and adversarial legal frameworks when countries ban Bitcoin.

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Tonga’s timeline for Bitcoin as legal tender and BTC mining with volcanoes

The tiny Pacific nation of Tonga could have Bitcoin as legal tender by Q2 and Bitcoin mining by Q3 of 2023.

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Texas, The Citadel For Bitcoin: A Gubernatorial Election Race

2022 Texas gubernatorial elections have become a race for promising Bitcoin (BTC) adoption by several candidates. Republicans Don Huffines, Allen West, and the current governor Greg Abbott have all jumped in to offer voters policies like making Bitcoin a legal tender, using Bitcoin mining to bolster the power grid, leading the world in leveraging Bitcoin […]

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How could the instability in developing countries alter the Bitcoin mining landscape?

Following the news about nationwide protests in Kazakhstan causing an internet blackout in the Bitcoin mining country that resulted in a significant hash rate drop, CryptoSlate talked to Alan Konevsky, Chief Legal Officer at PrimeBlock.

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Digital asset miner PrimeBlock names former Goldman Sachs executives as CEO and CLO

Prime Blockchain, a leading digital asset mining and infrastructure provider, has appointed former Goldman Sachs VP Gaurav Budhrani Chief Executive Officer (CEO). Alan Konevsky, former Managing Director at Goldman Sachs, was appointed Chief Legal Officer (CLO).

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New Poll Shows Increased Support for Cryptocurrency Legalization Among Texans

While Texas has become a hotspot for cryptocurrency mining, it would appear that the state might be ready to take the next step towards crypto embrace. Earlier this week, popular news media Newsweek published the results of a poll it conducted, showing that many Texans are in favor of making cryptocurrencies legal in the country.

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Proposed bill in Iran could ban all foreign-mined cryptocurrencies

Lawmakers seem to be attempting to establish a legal framework behind a Central Bank of Iran decision for people to only use crypto from state-licensed mining operations for payments.

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World Bank cites this as a Bitcoin issue for not helping El Salvador

The World Bank has rejected El Salvador's request to implement Bitcoin as legal tender. This decision was taken in light of the negative environmental effects of Bitcoin mining and transparency drawbaThe post World Bank cites this as a Bitcoin issue for not helping El Salvador appeared first on AMBCrypto.

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Iran Introduces Legal Framework for Crypto Despite Ongoing Mining Ban

This week the Iranian government released a statement regarding the need for a legal framework for crypto activities within the country. The post Iran Introduces Legal Framework for Crypto Despite Ongoing Mining Ban appeared first on BeInCrypto.

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Will Bitcoin Mining Backed Volcano Bonds Be Enough To Ward Off The IMF?

El Salvador passed a bill making Bitcoin legal tender this week, putting it on equal footing with the country’s official national currency, the U. S dollar. While this was celebrated as a victory for Bitcoin, the International Monetary Fund (IMF) has since voiced its concerns with the move.

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The Real Truth about Bitcoin Mining using Geothermal Energy from Volcano in El Salvador

Shortly after announcing bitcoin as a legal tender, the President of El Salvador, Nayib Bukele, proposed a new idea of using geothermal energy to power clean crypto-mining. While media outlets around the world are going a bit wild on this news, we wanted to see how the story plays out.

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Iran’s Government Mulls Legal Framework for Crypto Regulations

The President of Iran, Hassan Rouhani, is looking to establish regulatory policies for the cryptocurrency industry. Meanwhile, crypto mining activities remain banned in the country.  Iran Planning to Create Crypto Regulatory Policy According to local news media, the Iranian President made the statement while presiding over the Economic Coordination Board meeting held on Tuesday (JuneRead More

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El Salvador President Plans to Mine BTC Using Volcanoes

President Nayib Bukele has announced that the country will be looking at mining BTC through the use of volcanos following the digital asset becoming legal tender in the country. The post El Salvador President Plans to Mine BTC Using Volcanoes appeared first on BeInCrypto.

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Bitcoin miner Poolin immortalizes El Salvador's BTC adoption on the blockchain

El Salvador accepting Bitcoin as legal tender is now forever etched on the blockchain as mining pool Poolin adds a newspaper headline to block 686,938.

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Last Week In Bitcoin: Billionaires, Texas, And Mining

Ray Dalio discussing his bitcoin investment, Texas pushing through a bill that provides legal framework, and more in this weekly update.

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Cipher Mining Technologies Inc. Appoints William Iwaschuk as Chief Legal Officer

Cipher Mining Technologies Inc. a newly formed U.S.-based Bitcoin mining company, today announced the appointment of William Iwaschuk as Chief Legal Officer. Mr. Iwaschuk will...

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Russian Court Orders Mining Firm Cryptouniverse to Face New Trial on Fraud

A major Russian mining firm is facing legal troubles in St. Petersburg, as three individuals are accusing the company of fraud. Cryptouniverse will now face a trial after a city court issued a criminal case order during the week.

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Bitmain transition complete after Micree Zhan officially replaces Jihan Wu

Beijing-based Bitcoin mining company, Bitmain has officially replaced its general manager and executive director. The legal representative of Bitmain is now Micree Zhan after its former CEO Jihan Wu wThe post Bitmain transition complete after Micree Zhan officially replaces Jihan Wu appeared first on AMBCrypto.

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Nvidia wins legal battle over $1B in sales of crypto mining hardware after 3 years

Top GPU manufacturer Nvidia is celebrating after a judge nixed the lawsuit accusing it of misleading investors by “understating” GPU sales to crypto miners.

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A guide to learn the steps of Bitcoin mining with BitIQ

Do you know why the investors are attracted to the process of bitcoin mining? What Bitcoin mining exactly is? Is it legal, and is it profitable? There might be many questions that come into your mind The post A guide to learn the steps of Bitcoin mining with BitIQ appeared first on AMBCrypto.

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Crypto Mining Crisis in Abkhazia Worsens After Power Substation Caught Fire

The crypto mining crisis in Abkhazia is closely reaching its boiling point following the burnout of a power substation amid the refusal of both illegal and legal crypto miners to slow down their operations in the state.

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Pakistani Province Passes Draft Bill to Legalize Cryptocurrency Trading And Mining

In Pakistan, a province in Khyber Pakhtunkhwa passed a law that makes cryptocurrencies and mining legal in the region. According to a Provincial Assembly (MPA) member, Dr. Sumera Shams, the move will enable the country to position itself better to compete favorably with the digitized world.

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US Bitcoin Mining Firm Layer1 in Legal Tussle Over Power Facility Ownership

Layer1 Technologies is facing a lawsuit from a co-founder who claims he invested millions of dollars and was then forced out of the firm.

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Venezuela Legalizes Crypto Mining, Announces Regulatory Framework

Bitcoin mining in Venezuela is now a legal and regulated activity following years of regulatory hostility in the Latin American country. This is according to a new decree from Venezuela’s National Superintendency of Crypto Assets and Related Activities (SUNACRIP), which brings all activities related to crypto mining under its regulatory jurisdiction.

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Bitmain’s Wu Regains Power Over Micree Zhan As Jihan Named Legal Representative

The struggle for Bitmain’s control has taken a different turn, with Jihan Wu regaining the position of executive director and legal representative of this Chinese Bitcoin mining rig manufacturer. According to the latest update on China’s business registration record, Macree Zhan will no longer serve in the above capacities but remains a general manager in […] The post Bitmain’s Wu Regains Power Over Micree Zhan As Jihan Named Legal Representative first appeared on BitcoinExchangeGuide.

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Jihan Wu Regains Upper Hand in Bitmain Co-Founder Fight

A new twist in the power struggle at Bitmain: Co-founder Jihan Wu has regained the legal representative status of the bitcoin mining giant.

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Sichuan’s Blockchain Park: Chengdu Government Officials Welcome Bitcoin Miners

In mid-August officials from the Chinese province of Sichuan approved a number of enterprises that mine bitcoin for legal hydropower consumption in the region. Following the local government of Ya’an city deciding to foster mining, officials from Chengdu recently spoke about welcoming crypto mining at the Hashcon 2020 event as well as bolstering a blockchain […] The post Sichuan’s Blockchain Park: Chengdu Government Officials Welcome Bitcoin Miners appeared first on Bitcoin News.

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Is Bitcoin Mining Legal in India? Miners Still Don’t Know

Following a recent Supreme Court decision, India's crypto industry is optimistic about the future. But miners still don't know if what they do is illegal.

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Blockchain Bites: Binance’s Bitcoin Mining, ConsenSys’ Legal Trouble and Why Politicians Blame Twitter, Not Bitcoin

Binance will consolidate its bitcoin mining, ConsenSys is accused of intellectual property theft and Wonder Woman's illustrator will sell art on Ethereum.

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Venezuela Seizes 315 Bitcoin Mining Rigs: Miners Discuss Illegal Confiscation, Police Extortion

The Venezuelan military has seized 315 Bitmain Antminer S9 bitcoin mining rigs it claims are not properly registered to operate in the country. Although cryptocurrency mining is legal in Venezuela, miners say they have been unfairly treated, citing illegal seizures of mining equipment and police extortion.

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Iranian Crypto Miners Must Register Identities, Rigs, and Overall Size With the Government

Iran is one of the few countries that has embraced cryptocurrency mining as a legal business in a bid to increase revenues and escape the tough economic U.S. sanctions placed on the country. In a bid to regulate the crypto mining industry and eliminating confusion within the industry, the government will place monitoring controls on […]

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Kazakhstan reveals draft legal framework for crypto-investment

With an emerging crypto mining industry, the government considers making a pivot toward cryptocurrencies... The post Kazakhstan reveals draft legal framework for crypto-investment appeared first on Coin Journal.

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Internal Struggle at Bitcoin Mining Giant Bitmain Escalates to Physical Confrontation

After Micree Ketuan Zhan, the exiled co-founder of Bitmain, moved to reinstate his position after another partial legal victory over his former employer, tensions reportedly escalated into a physical brawl.

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Investor Sues Crypto Mining Firm Riot Blockchain to Pay $728K in Legal Fees

An investor sued cryptocurrency mining firm Riot Blockchain for $728,200 incurred in a separate contract breach lawsuit

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Steem Fork Faces Legal Threat From Mining Firm Over ‘Hive’ Name

A new blockchain called Hive is being told it needs to change its name just days after it was created in a fork from Steem.

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Why Bitcoin Mining Might Be the New Business Model for US Power Plants

South Korea gets legal recognition for crypto, New York power plant mines BTC and the end of the intranet era for enterprise blockchain?

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Legal Framework for Tokenization Submitted to Russia’s Crypto Bill

Russia may soon have a legal framework for asset tokenization in place following a successful pilot by major mining firm Nornickel

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Founder of Bitmain Competitor Arrested by Chinese Authorities on Embezzlement Charges

Yang Zuoxing has been arrested by Chinese authorities over a legal dispute. The tech mastermind was previously a core member of Bitmain before founding his own competitor company in 2016. Bitmain’s competitors are slowly fading as it solidifies control over the mining sphere in China.

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Bitmain Leadership Crisis Deepens as Ousted Co-founder Threatens Legal Action

In the latest salvo in the ongoing saga surrounding Bitmain, ousted co-founder Micree Zhan is threatening to fight back claiming to have been betrayed by his partners. Meanwhile, the Bitcoin mining giant is moving ahead with plans to launch a U.

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Bitmain's Micree Zhan may resort to legal means to regain authority

Beijing-based mining giant, Bitmain has been courting controversies. A week ago, there was a "coup d'etat" in the Bitmain office, when Co-Founder, Jihan Wu's ordered that the entire company stop takinThe post Bitmain's Micree Zhan may resort to legal means to regain authority appeared first on AMBCrypto.

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Bitmain Power Struggle Heats Up as Co-Founder Wrestles For Control

Chinese mining giant Bitmain is in the midst of a power struggle. Co-founder Micree Zhan who was ousted last week has returned with a vengeance asserting that he will use a legal team to regain control of the company.

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Bitcoin Cash (BCH) to Crash? The Battle of Bitmain Leaders Takes an Ugly Turn

According to the latest reports, the co-founder and chief executive director of the Bitcoin mining giant Bitmain, Micree Keutan Zhan has been removed from his position. Chairman of the board Jihan Wu, who is another Bitmain co-founder sent an email to the staff saying, “Bitmain’s co-founder, chairman, legal representative, and executive director Jihan Wu has […]

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Poolin CEO: Bitcoin Needs Better Privacy Protocols, a ‘Real Problem’ to Avoid Legal Clampdown

Kevin Pan, CEO of Poolin, one of the largest Bitcoin mining pools said in an interview that Bitcoin needs better privacy in order to avoid any regulatory clampdowns in future. Pan said, “The real problem with Bitcoin may be privacy.

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More Details Emerge Regarding Iran's Legalization Of Crypto Mining

The Iranian government enacted legislation this weekend that officially recognized the crypto mining industry in the country. The new legal certainty comes with a few drawbacks, including the prohibition of mining during peak electricity-usage hours and harsh restrictions on the trading of cryptocurrency within Iran.

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