Crypto Updates – Page 19 – WORLD CRYPTO BUSINESS

Kazakhstan President Signs Law Increasing Tax Burden for Crypto Miners

[ad_1] President of Kazakhstan Kassym-Jomart Tokayev has signed into law a bill amending the country’s Tax Code to impose higher tax rates on crypto miners. The levy will depend on the amount... Read more »

Fed’s Brainard Calls for Sound Regulation of Crypto Financial System to Be Established ‘Now’

[ad_1] Federal Reserve Vice Chair Lael Brainard has stressed the importance of establishing sound regulation for the crypto financial system “now before the crypto ecosystem becomes so large or interconnected that it... Read more »

Hong Kong to Introduce Licensing for Crypto Platforms Through AML Law

[ad_1] New legislation tailored to regulate the crypto space in Hong Kong aims to implement a licensing regime for crypto service providers. The respective changes to the region’s anti-money laundering (AML) rules... Read more »

G20 Watchdog Announces ‘Robust’ Global Crypto Regulation Coming in October

[ad_1] The Financial Stability Board (FSB) says it is working on a “robust” regulatory framework for crypto assets and will report its recommendations to the G20 finance ministers and central bank governors... Read more »

Binance Gets VASP License From the Bank of Spain

[ad_1] Binance, one of the largest crypto exchanges worldwide, has secured a license from the Bank of Spain that will let the exchange operate in compliance with the local laws. This certification... Read more »

Iranian Power Utility Tavanir Vows Severe Measures Against Unlicensed Crypto Miners

[ad_1] Iran’s state-owned power distribution company, Tavanir, has threatened harsher measures to discourage unauthorized crypto mining. These include much higher fines for those minting digital currencies with subsidized electricity and penalties for... Read more »

Crypto Payments Are Acceptable in Foreign Trade, Russia’s Financial Watchdog Says

[ad_1] Russian financial watchdog Rosfinmonitoring is ready to accept the use of cryptocurrencies in international settlements, the head of the agency, Yuri Chikhanchin, has indicated. The statement adds to growing support for... Read more »

Bitcoin’s Hashrate Slips Below 200 Exahash, BTC Mining Profits Drop Lower

[ad_1] Bitcoin’s hashrate has declined in recent times after reaching an all-time high on June 8, 2022, at block height 739,928. 30-day statistics show the hashrate has slipped from 243 exahash per... Read more »

US Treasury Delivers Crypto Framework to Biden as Directed in Executive Order

[ad_1] The U.S. Treasury Department has delivered a framework for crypto assets to President Joe Biden, fulfilling its obligation as directed in the executive order on crypto that the president issued in... Read more »

Biden Administration Expected to Publish Report on Bitcoin Mining and the Industry’s Impact on Climate

[ad_1] According to a new report, U.S. president Joe Biden and his administration are focused on proof-of-work (PoW) mining. The principal assistant director for energy for the White House Office of Science... Read more »