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Iran Shuts Down Over 8,000 Illegal Crypto Mining Farms in 3 Years
10.5.2023
Authorities in Iran have closed down more than 8,000 underground facilities for cryptocurrency mining in the past three years, local media reported. Despite the government’s crackdown, illegal crypto mining continues to account for a serious amount of energy consumption, official figures suggest....
Marathon Digital announces immersion crypto mining operations in Abu Dhabi
9.5.2023
The mining firm expects the two facilities to be online by 2024 and produce a combined hash rate of roughly 7 EH/s
Cipher Mining Buys 11,000 Crypto Mining Rigs From Canaan, Reaches 6 EH/s Hashrate
9.5.2023
Cipher has an eye on hashrate of 8.2 EH/s by the end of the year
Crypto Mining Entities in Kazakhstan Paid $7 Million in Taxes in 2022 – Next Crypto Hub?
8.5.2023
The government of Kazakhstan collected around $7 million in taxes from cryptocurrency mining entities last year.
Kazakhstan has received 3.07 billion tenges (almost $6.9 million) in tax payments from crypto miners in 2022, the country's State Revenue Committee of the Ministry of Finance...
Russia May Take Up 18% of Bitcoin Hashrate in Next Big Migration of Crypto Miners, Experts Say
8.5.2023
Increasing regulatory pressures, tax burden and energy costs in countries like the U.S. and Kazakhstan are likely to result in a new great migration of crypto miners, Russian analysts believe. Under such a scenario, Russia has what it takes to occupy up to 18% of the global bitcoin hashrate, they...
Kazakhstan collected $7M in crypto mining taxes in 2022
6.5.2023
Crypto miners paid millions of dollars in energy fees last year following the regulation of the fiscal burden of mining activities
Crypto Miners Pay Kazakhstan $7 Million in Taxes Amid Uncertain Future for Sector
6.5.2023
The government of Kazakhstan has collected over $7 million in taxes this and last year from enterprises mining cryptocurrency in the country. The news comes amid growing regulatory pressure that is limiting the industry’s access to low-cost energy while increasing its tax burden. Miners Face Higher...
Will Biden's plan to tax crypto mining reduce emissions? Critics say no
5.5.2023
The tax is intended to reduce greenhouse gas emissions, electricity costs and local environmental pollution, but has not been kindly received by the crypto community
Robert Kennedy Jr Warns of Mega Economic Crisis — Says ‘It’s Not Just the Banks’
4.5.2023
U.S. Presidential Candidate Robert F. Kennedy Jr. has warned that “the banking collapse is the tip of an economic mega-crisis,” emphasizing that “It’s not just the banks.” He also slammed President Joe Biden’s crypto mining tax proposal. “It is a mistake for the U.S. government to hobble...
White House Pushes DAME Tax Proposal to Address Alleged Environmental Costs of Crypto Mining
3.5.2023
On May 2, 2023, the Biden administration unveiled a blog post outlining the Digital Asset Mining Energy (DAME) tax, featured in the president’s comprehensive 182-page budget proposal for the fiscal year 2024. The DAME tax targets “making crypto miners pay for the costs they impose...
Democratic Presidential Candidate Robert F. Kennedy Jr. Says It Is a “Mistake” To Hinder Crypto
3.5.2023
Democratic presidential candidate Robert F. Kennedy Jr. has taken to Twitter over the past day or so to air his thoughts about cryptocurrency regulation.
Kennedy most recently criticized the Biden Administration’s renewed call to propose a 30 percent tax on crypto-mining, calling it a “bad...
White House Council Reignites 30 Percent Tax on Crypto Mining
3.5.2023
The White House is pushing to tax cryptocurrency miners to “pay their fair share” for the costs inflicted on local communities and the environment.
Electricity used in crypto-mining was similar to what is used to power all of the country’s home computers or residential lighting, the White House’s...
Bitdeer to Raise $500M for Bhutan Crypto Mining Operations in Deal With Government
3.5.2023
Bitdeer said the agreement marks "a crucial expansion into Asia" and expects fundraising efforts to commence this month
White House Pushes for Punitive Tax on Crypto Mining
2.5.2023
Mineflation: Cost to mine one Bitcoin in the US rises from $5K to $17K in 2023
30.4.2023
New Mexico is the cheapest US state to mine Bitcoin in terms of average electricity cost, while Hawaii is the by far the most expensive
Embattled Crypto Mining and Wallet Firm Poolin Moved $150M in Bitcoin
25.4.2023
The firm issued IOU tokens to its users after it froze withdrawals in September
TWO Russian Crypto Laws Could Roll Out in June – Here’s What You Need to Know About Them
21.4.2023
Russian lawmakers could finally end the country’s long wait for crypto regulation – with two bills reportedly ready for adoption as early as June.
One will seek to permit the use of crypto in overseas payments.
The other will deal with the legalization of crypto mining.
Crypto regulation’s...
Bank of Russia to set up entities for crypto mining and cross-border settlement: Report
19.4.2023
Russia's central bank plans to create new institutions to mine crypto assets and settle international payments
Police in Kosovo Seize Crypto Mining Rigs From Serbs
16.4.2023
Kosovo police have seized dozens of crypto mining devices from residents of a majority Serb region in the north of the country. Authorities in Pristina and Belgrade exchanged accusations over the move, which has the potential to raise tensions in the ethnically divided, partially recognized Balkan...
Arizona Governor Vetoes Bill to Limit Local Regulations and Taxes on Blockchain Node Operators
14.4.2023
Arizona Governor Katie Hobbs has vetoed legislation that would have barred municipalities from taxing cryptocurrency mining operations.
In a Wednesday letter, Hobbs said that the bill SB 1236 seeks to tie the hands of local stakeholders in regard to crypto mining policymaking. She said:
"The bill...