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Kazakhstan Expects $1.5 Billion From Crypto Mining in 5 Years, Estimates Suggest

Kazakhstan Expects .5 Billion From Crypto Mining in 5 Years, Estimates SuggestCrypto miners now bring more than $230 million into the economy of Kazakhstan each year and estimates show the figure could increase significantly in the future. The industry’s leading organization has projected that the government can collect more than $300 million in taxes over the next five years. Kazakhstan Makes Millions From Cryptocurrency Miners Kazakhstan’s […]

Bitcoin bottom in, now headed for a ‘slow grind higher’ — Arthur Hayes

Islamic Organization in Indonesia Issues Fatwa Against Cryptocurrency

Islamic Organization in Indonesia Issues Fatwa Against CryptocurrencyA provincial branch of one the largest Islamic organizations in Indonesia has declared cryptocurrency “haram,” or forbidden under religious law. The decision came after a “heated discussion” joined by a crypto expert who was invited to explain in detail the practice of using digital coins. Cryptocurrency Deemed ‘Haram’ in Indonesia The local branch of the […]

Bitcoin bottom in, now headed for a ‘slow grind higher’ — Arthur Hayes

Russian Crypto Industry Association Slams Government for Doing ‘Nothing’ to Regulate Sector

Russian Crypto Industry Association Slams Government for Doing ‘Nothing’ to Regulate SectorThe main organization representing participants in the Russian crypto space has lambasted authorities in Moscow for not doing enough to regulate the industry. The criticism comes four years after President Putin directed institutions to legally define the status of digital financial technologies. Regulators Accused of Failure to Take Russian Crypto Market Out of Shadow Russian […]

Bitcoin bottom in, now headed for a ‘slow grind higher’ — Arthur Hayes

Central Bank of Iran Should Regulate Cryptocurrencies, Securities Watchdog Says

Central Bank of Iran Should Regulate Cryptocurrencies, Securities Watchdog SaysWith bitcoin mining being a regulated activity in Iran, the head of the country’s securities and exchange regulator believes the central bank has to turn its attention to cryptocurrencies. The regulator is ready to consider accommodating crypto trade when digital assets are regulated. Capital Market Regulator to Look Into Crypto Trading if Central Bank Regulates […]

Bitcoin bottom in, now headed for a ‘slow grind higher’ — Arthur Hayes

Cryptocurrency Swap Not Banned in Iran, President’s Legal Team Says

Cryptocurrency Swap Not Banned in Iran, President’s Legal Team SaysCurrent regulations do not prohibit the swapping of digital currencies, according to the Iranian Vice Presidency for Legal Affairs. The department has stated its position in correspondence with an ICT industry association which wanted to know what rules apply to cryptocurrency exchange, local media reported. Converting a Cryptocurrency Into Another Is Not Against Iranian Law […]

Bitcoin bottom in, now headed for a ‘slow grind higher’ — Arthur Hayes

Russian Crypto Industry Scrambles to Attract Miners as Kazakhstan Overtakes Russia in Mining Volume

Russian Crypto Industry Scrambles to Attract Miners as Kazakhstan Overtakes Russia in Mining VolumeAn industry association representing the Russian crypto sector has launched a project to entice bitcoin miners. Despite its abundant sources of cheap energy, Russia is now lagging behind Kazakhstan, another Eurasian Economic Union member, in terms of cryptocurrency production. Russian Project Aims to Expand Country’s Crypto Mining Capacity The Russian Association of Crypto Industry and […]

Bitcoin bottom in, now headed for a ‘slow grind higher’ — Arthur Hayes

Tehran Government Bans Iran Blockchain Association

Tehran Government Bans Iran Blockchain AssociationThe Ministry of Interior of the Islamic Republic has suspended the Iran Blockchain Association (IBA). The measure comes after the organization allegedly breached government regulations. IBA unites participants in the country’s growing crypto sector who are engaged in blockchain technology development. Iranian Authorities to Review IBA Dealings With Crypto Exchanges The Iranian government has moved […]

Bitcoin bottom in, now headed for a ‘slow grind higher’ — Arthur Hayes