On Tuesday (29 November 2022), Jason A. Williams, a founding partner of Morgan Creek Digital Assets, and the author of the book “Bitcoin: Hard Money...
The European Parliament has passed the Markets in Crypto Assets bill, however, without a passage that would stipulate a ban on Proof of Work cryptocurrencies, such as Bitcoin. PoW ban proposal sneaked back in The original draft of the MiCA bill sought to phase out Proof of Work cryptocurrencies, most prominently supported by EP members […]
Crypto miners and stakers will not be subject to the IRS reporting rules in the US, given that they comply with applicable regulations. Earlier, the rules mandated crypto brokers to share data regarding their clients’ digital asset transactions with the IRS. Whether this applies to other market participants as well has been in a gray […]
Kazakhstan’s grapple on crypto mining is getting tighter. The government has called for a steep increase in tax, specifically aimed at crypto miners. According to Kassym-Jomart Tokayev, the president of Kazakhstan, the current rate of 1 Kazakh Tenge ($0.0023) per kilowatt of power is negligible. He has instructed the government to work out a multiple […]
Cryptocurrencies do not have a role inside Russia’s financial sector, says the Deputy Chairman of the Russian Central Bank. Cryptocurrencies to be “phased out” According to a Finbold article, the Central Bank of Russia has published a working paper that calls for a complete ban of all cryptocurrency transactions. As rationale, the central bank cites […]
Internet service in Kazakhstan has been interrupted once more after the government declared its resignation. Nation-wide Internet blackout Since Sunday, thousands have taken to the streets in order to protest against the rising fuel prices in Kazakhstan. Earlier, the Kazakh government had rescinded price controls on liquefied petroleum gas, which caused the price hike. On […]
