Category: crypto

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Russian Authorities Criticized over Proposed Crypto Regulation

Criticism aimed at authorities and the new legislation on “digital financial assets” is mounting in Russia. Local officials have rebuked lawmakers in the capital over slow progress, warning that the country will have to catch up with others....

Italy Completes Consultations on Registration of Crypto Companies

Public consultations on a new regulatory regime for crypto companies in Italy are now closed. Interested parties were invited by the Ministry of Economy and Finance to share suggestions and comments on a draft decree introducing registration and...

Rural Russia Prepares to Attract Crypto Loans

A proposal was presented at the Russian Expert Council for Non-Bank Credit Organizations to allow rural businesses in the country to receive crypto loans to attract funds from abroad. The chairman of the council, a State Duma member,...

Spain Mulls Tax Breaks for Blockchain and Crypto Firms

Proposals to introduce tax exemptions for companies using blockchain technologies and cryptocurrency have been put on the table in Spain. The ruling People’s Party is preparing new legislation that will also offer incentives to entrepreneurs raising funds through...

Nigerians Trade $4 Million in Bitcoin Weekly, despite Warnings

Nigerians are trading close to $4 million worth of bitcoin a week on 13 local exchanges, despite multiple warnings by authorities against investing in cryptocurrencies. Experts have called on the government to rethink its position and adopt smart...

Revenues of Cryptocurrency Exchanges in South Korea Up 88-Fold

Revenues of Cryptocurrency Exchanges in South Korea Up 88-Fold

According to recent data collected by the South Korean government, the accumulated commission income of the country’s 30 cryptocurrency exchanges last year was 87.5 times that of the previous year. The vast increase in income and crypto transactions...

Academics Claim “Crypto-Colonialism” Rampant in Puerto Rico

An opinion piece authored by academics representing Anglia Ruskin University and Trinity College Dublin have alleged that cryptocurrency mining operations are placing strains on Puerto Rico’s infrastructure. The article argues that Puerto Rico has not fully recovered from...

Malta to Give “Peace of Mind” to Crypto Companies

The government of Malta has come up with an idea that businesses dealing with cryptocurrencies may find interesting. A new policy document seeks to set up a special agency which will “certify” blockchain platforms and “verify” crypto transactions....

Steps towards Self-Regulation in Croatia and Slovenia

Communities in two countries, which share a border, history and perspectives, have expressed similar views about the future of the cryptocurrency sector. A new association in Croatia hopes to lay the foundations of self-regulation in the industry. In...

Two Russian Regions to Develop Large Scale Crypto Mining

The governors of two Russian regions have indicated their readiness to accommodate large crypto mining facilities. Two of the westernmost subjects of the Federation – Kaliningrad and Leningrad – are willing to welcome miners and want to get...