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“# Bitcoin mining ban in China a ‘game changer’ for electric vehicle adoption ” Following Beijing’s crackdown on energy-sapping Bitcoin (BTC) mining, Guizhou province has become the country’s first to make use of its freed-up power capacity to advance a climate-conscious agenda. The hydroelectric-rich southern province has recently announced a plan to build at least…
“# Lead Republican behind infrastructure bill negotiations supports crypto amendment ” Senator Rob Portman, one of the lead Republican voices for negotiations over an infrastructure bill in the U.S. Senate, said he supports an amendment clarifying the intent of a cryptocurrency provision. In a Tweet today, Portman encouraged his colleagues in the Senate to vote…
“# SEC has no authority over crypto, CFTC commissioner argues ” Amid the United States Securities and Exchange Commission’s expanding the scope of oversight of the cryptocurrency industry, a commissioner with the Commodity Futures Trading Commission argued that crypto regulation doesn’t fall under the SEC’s jurisdiction. CFTC commissioner Brian Quintenz took to Twitter on Wednesday…
“# Some US lawmakers want Bitcoin miners to be exempted from proposed crypto taxes ” Lawmakers in the United States have called for caution regarding implementing a proposed tax policy that could have significant implications for America’s crypto space. As previously reported by Cointelegraph, an expanded crypto taxation regime was a last-minute addition to the…
“# Saudi Aramco dismisses ‘false and inaccurate’ rumors on Bitcoin mining ” The Saudi Arabian Oil Company (Saudi Aramco) stirred interest among crypto enthusiasts last year after investing $5 million in blockchain-based oil trading company Vakt. While this move aimed to digitize and streamline post-trade processing, Saudi Aramco was also rumored to undertake Bitcoin (BTC)…
“# South Korean regulator to reportedly shut down 11 crypto exchanges ” South Korea’s top financial regulator, the Financial Services Commission, is reportedly planning to shut down a dozen local cryptocurrency exchanges amid fraud allegations. The FSC will suspend operations of at least 11 mid-sized crypto exchanges in South Korea due to alleged illegal activities…
“# Ukraine central bank now officially allowed to issue digital currency ” The Ukrainian government is moving forward with its central bank digital currency (CBDC) plans, as the National Bank of Ukraine (NBU) is now officially authorized to issue a digital currency. Ukrainian President Volodymyr Zelenskyy has signed the law titled “On Payment Services,” officially…
“# Western nations need better public-private cooperation on crypto, says Mohamed El-Erian ” Mohamed El-Erian, chief economic advisor at Allianz, has called for greater cooperation between western governments and crypto businesses to better leverage the benefits of the ongoing cryptocurrency revolution. In an article published in the Financial Times on Thursday, the famous economist highlighted…
“# Israeli gov’t seeks to track crypto holdings above $61K ” The Israeli government is ratcheting up its efforts to deter tax evasion and close loopholes for would-be money launderers as part of a “war against black capital.” Among the measures outlined in a new draft bill published by the Ministry of Finance this week,…
“# Digital currency may be an answer to help the unbanked, Sen. Warren says ” Senator and former United States presidential candidate Elizabeth Warren believes that the digital asset industry may be a tool to tackle some challenges in the traditional financial system. A known skeptic of cryptocurrencies like Bitcoin (BTC), Warren appeared to have…