Crypto Updates – Page 23 – WORLD CRYPTO BUSINESS

Bill Imposing Fines for Illegal Issuance and Exchange of Digital Assets Proposed in Russia

[ad_1] A bill introducing financial penalties for those who illegally issue or exchange digital financial assets has been filed in the Russian parliament. The legislation has been submitted by the sponsor of... Read more »

Fed Chair Powell: We’re Not Seeing Significant Macroeconomic Implications From Crypto Sell-Off

[ad_1] Federal Reserve Chairman Jerome Powell says the central bank is “not really seeing significant macroeconomic implications” from crypto’s volatility. The Fed chair stressed that there is a need for a better... Read more »

Spanish Treasury Introduces New Crypto Tax Model Featuring Balance Reports

[ad_1] The Spanish treasury has introduced a new series of requirements regarding the reporting and taxation of cryptocurrency holdings in the country. The new rules include the obligation of taxpayers to disclose... Read more »

Following BTC’s Price Drop, Bitcoin Miners Benefit From a 2.35% Difficulty Reduction

[ad_1] During the past week, Bitcoin’s hashrate has dropped a few percentages after reaching 288 exahash per second (EH/s) on June 8, 2022. Bitcoin miners, however, got a break on Wednesday, June... Read more »

Wechat to Prohibit Accounts From Providing Some NFT and Crypto Services

[ad_1] Tencent’s Wechat intends to impose penalties on public accounts facilitating secondary trading of NFTs, a press report has revealed. Accounts offering transaction channels and guidance for cryptocurrencies have also been targeted... Read more »

Bank of Spain Has Registered 17 Crypto Companies, Big Names Still Missing

[ad_1] The Bank of Spain has already included 17 virtual asset service providers in its own registry, in which cryptocurrency exchanges and custody providers must be listed to operate, according to Spanish... Read more »

Iran to Shut Down Crypto Mining Farms Amid Record High Power Demand

[ad_1] Authorities in Iran plan to unplug licensed crypto mining facilities as electricity consumption in the country is reaching record highs. The mining farms will be cut off from the grid on... Read more »

SEC Chair Warns of ‘Too Good to Be True’ Crypto Products — US Treasury Calls for Urgent Regulation

[ad_1] The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has warned the public about crypto investments that seem “too good to be true.” Meanwhile, the U.S. Treasury Department... Read more »

Digital Asset Exchange Coinmena Secures Provisional License Allowing It to Operate in the UAE

[ad_1] Coinmena, the Bahrain-headquartered and sharia-compliant digital asset exchange, announced recently that it had secured a provisional virtual assets license from Dubai’s Virtual Assets Regulatory Authority (VARA). The license allows Coinmena to... Read more »

Kenyan Law Enforcement Agency Arrests Two Students Accused of Using Stolen Funds to Buy BTC

[ad_1] Two Kenyan students accused of hacking credit cards and using the ill-gotten funds to buy bitcoin have been arrested by the Directorate of Criminal Investigations, a statement from the law enforcement... Read more »