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Cryptocurrency mining may receive special legal regulation

The Ministry of Industry and Trade, the Ministry of Construction, and a number of other departments are considering the option of introducing a legal regime for the “extraction” of digital currencies (mining) in Russia. Relevant ideas were announced last year. Then it was about establishing the so-called "regular sandbox", where the "extraction" of digital money would be carried out. The mechanism involved the creation of a special ...

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 ...

SICHUAN MINERS ARE BANNED FROM MINING CRYPTOCURRENCY

Mining companies were 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 ...

ONE OF THE WORLD'S LARGEST MINING COMPANIES FILES FOR BANKRUPTCY

Samarco Mineracao SA, owned by the Brazilian mining company Vale and the BHP Group holding, has filed a lawsuit seeking legal protection against bankruptcy. The appeal to the court of the state of Minas Gerais to restructure the company’s debt, according to Reuters, is similar to the application ...

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

The Central Bank reports a significant increase in the number of illegal entrepreneurs and organizations in the Russian financial market in 2021. During the year, the regulator identified 2,679 such entities, including 871, the activities of which had signs of financial pyramids. Compared to 2020, the total number of fraudsters increased by 73%. According to the Izvestia newspaper, referring to the message received by the Central Bank of the Russian Federation, the number of identified financial...

IMF urges El Salvador to abandon bitcoin

... 1,800 bitcoins at a rate of $50,000. After that, the rate rose to 68 thousand dollars, but now it has fallen to 36.5 thousand 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 method can change the idea of the dangers of mining for the environment.

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 ...

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