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Cryptocurrency mining may receive special legal regulation

... Anton Gorelkin, the deputy of the State Duma of the Russian Federation, who formed his package of proposals for regulating the cryptocurrency market on the basis of a round table-talk held in March, RIA Novosti reports . The Ministry of Industry and Trade ... ... circulation of cryptocurrencies in Russia was raised by the Central Bank. The regulator proposed to ban both circulation and mining of digital money in the country , leaving only the right to own them. The Ministry of Finance of the Russian Federation ...

SICHUAN MINERS ARE BANNED FROM MINING CRYPTOCURRENCY

... actively working in the Chinese province of Sichuan - it was possible thanks to cheap electricity and the absence of restrictions from the authorities. However, now it has been decided to stop their activities. Sichuan was one of the key centers for cryptocurrency mining - 26 companies officially operated in the region. But now the local energy bureau, along with the authorities, has approved measures to restrict the work of miners. Large mining companies will have their electricity cut off on June 20. The companies ...

KAZAKHSTAN HAS BECOME ONE OF THREE BITCOIN MINING LEADERS

And the share of China's mining fell by almost 50%. This is due to the transition of the majority of earners to another state, anticipating the coming onslaught on the industry. Now about 46% of bitcoins in the world ranking are mined in China, although two years ago it was ...

Fraudsters’ attacks: the number of financial pyramids in Russia has increased 4 times

... the Central Bank of the Russian Federation on their websites. About 60 companies actually issued loans, disguising their activities as a leaseback. A significant number of fraudsters identified by the Central Bank of the Russian Federation either uses cryptocurrency assets directly in their activities, or, without actually having them, mentions this in their advertising. Inexperienced citizens, begin to believe organizations that offer to ‘mine crypto’ through mobile devices, due to a lack of financial ...

IMF urges El Salvador to abandon bitcoin

... standard of living of the local population. El Salvador became the only country in the world that provided the official status for cryptocurrency. The country purchased about 1,800 bitcoins at a rate of $50,000. After that, the rate rose to 68 thousand dollars,... ... dollars. According to the publication, El Salvador could have lost about $ 20 million. In addition, the country is actively mining bitcoins on the volcano - using environmentally friendly cheap energy from a renewable source. It is assumed that this ...

Valeriy Romanyuk: ‘Crypto-yuan can become the world's digital currency’.

... President of the Russian Association of Cryptoeconomics, Artificial Intelligence and Blockchain, gave an interview to Rusbankrot at the Stolypin Forum site and talked about the prospects for cryptocurrencies in the Russian Federation, asset tokenization and mining opportunities in the country. Do you think it is possible to legalize cryptocurrency in the Russian Federation? V.R . : The question is three-layered. In fact, the legalization has taken place, but the use and application of cryptocurrency is slowed down. Therefore, we will look at what is happening in the world - most ...

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