Several Crypto Mining Operations Busted in Russia

March 19, 2023 Bitcoin.com

$POWER

Authorities and power utilities in various Russian regions have shut down illegal crypto mining farms, seizing hardware and taking operators to court. The action against the coin minting facilities comes amid discussions on a proposal to introduce criminal liability for miners breaking the upcoming legislation for the industry. ‘Underground’ Crypto Mining Farms Shut Down Across […]

Crypto Giant 21Shares Submits Registration Statement for XRP Exchange-Traded Fund

Daily Raids on Crypto Farms as Abkhazia Intensifies Mining Crackdown

February 12, 2023 Bitcoin.com

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Authorities in Abkhazia are stepping up efforts to clamp down on cryptocurrency mining amid electricity shortages in the winter months. The government of the breakaway Georgian region announced it’s also taking measures to prevent imports of mining equipment. Abkhazia Creates Headquarters to Combat Illegal Crypto Mining Operations Police in Abkhazia are conducting daily raids to […]

Crypto Giant 21Shares Submits Registration Statement for XRP Exchange-Traded Fund

Russia Expands Its Crypto Mining Capacity, Report Reveals

February 4, 2023 Bitcoin.com

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The total capacity of crypto mining facilities in Russia has been increasing in the past year, despite the market downturn and sanctions, according to a survey of leading operators. Depressed prices of mining equipment and stronger interest from domestic customers have been identified as major factors for the trend. Miners Prepare for Growth as Total […]

Crypto Giant 21Shares Submits Registration Statement for XRP Exchange-Traded Fund

Crypto Miners in Kazakhstan Start Paying Higher Electricity Fees

January 7, 2023 Bitcoin.com

bitcoin farms

Since the beginning of 2023, cryptocurrency miners operating in Kazakhstan are obliged to pay new fees for the power they need to mint digital coins. A surcharge introduced in 2021 now depends on the price of electricity consumed by bitcoin farms and can be much higher than the original levy. New Year Brings Higher Costs […]

Crypto Giant 21Shares Submits Registration Statement for XRP Exchange-Traded Fund

Iran Returns Seized Crypto Mining Equipment to Miners

January 3, 2023 Bitcoin.com

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A government body responsible for state property in Iran has released some of the hardware seized from illegal crypto mining farms. Its top executive explained the agency was obliged to do that by courts in the Islamic Republic, where unlicensed miners have been blamed for power shortages. Authorities in Iran Give Confiscated Mining Rigs Back […]

Crypto Giant 21Shares Submits Registration Statement for XRP Exchange-Traded Fund

Crypto Miners in Kazakhstan to Buy Only Surplus Power, Under Digital Assets Bill

December 8, 2022 Bitcoin.com

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Companies extracting cryptocurrencies in Kazakhstan will be allowed to purchase only excess electricity on a government-controlled market. The decision comes with new legislation approved by lawmakers which regulates the activities of the industry and the taxation of its profits. Law to Regulate Crypto Mining in Kazakhstan, Change Licensing Rules The lower house of Kazakhstan’s parliament, […]

Crypto Giant 21Shares Submits Registration Statement for XRP Exchange-Traded Fund

Natural Gas Price Hike Hits Crypto Miners in Iran

November 3, 2022 Bitcoin.com

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Companies using natural gas as a power source to mint digital currency in Iran will have to deal with a sharp increase in the price of the fuel. The new rates set by the state-run supplier are almost double the previous and have been imposed retroactively, local media reported. Iran Raises Tariffs for Mining Farms […]

Crypto Giant 21Shares Submits Registration Statement for XRP Exchange-Traded Fund

Norway Prepares to Reverse Electricity Tax Cut for Cryptocurrency Miners

October 8, 2022 Bitcoin.com

$POWER

The Norwegian government is reviewing a proposal to abolish the policy of preferential tax treatment for data centers mining cryptocurrency with cheaper electricity. The executive power in Oslo says conditions have changed and the country needs the energy currently used by miners. Mining Firms Likely to Lose Tax Incentive as Norway Seeks to Save Power, […]

Crypto Giant 21Shares Submits Registration Statement for XRP Exchange-Traded Fund

Russia Said to Allow Crypto Mining in Regions With Hydroelectric and Nuclear Power

September 29, 2022 Bitcoin.com

Aksakov

Cryptocurrency mining should be allowed in areas with excess energy and prohibited in those that experience deficits, according to Russian officials preparing to legalize it. An expert from the crypto industry has recently marked the regions where Moscow is likely to authorize mining and the ones where it will probably ban the extraction of digital […]

Crypto Giant 21Shares Submits Registration Statement for XRP Exchange-Traded Fund

Working Group to Develop Efficiency Standard for Crypto Mining in Russia

September 19, 2022 Bitcoin.com

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Crypto industry experts have formed a working group to draft a standard for energy-efficient and profitable cryptocurrency mining in Russia. The rules will aim to help developers and data center operators offer investors increased hardware uptime. Russia Prepares to Improve Efficiency of Mining Facilities in 2023 A group of crypto specialists have teamed up to […]

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