The government of the United Kingdom has introduced a bill aimed at cracking down on money laundering and fraud, specifically by expanding the authorities’ ability to target cryptocurrencies used for illicit purposes. In a Thursday announcement, the U.K. government said ...
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Florida govt warns against auto warranty scammers asking crypto payments
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The Florida Department of Agriculture and Consumer Services (FDACS) issued a warning sharing insights into identifying robocall scam marketing auto warranties, which includes being asked to pay for the services via gift cards and cryptocurrencies. Consumer complaints against increasing robocall ...
Japanese gov’t issues NFTs to reward local authorities’ work
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The Japanese government has become one of the first to issue nonfungible tokens (NFTs) as a form of supplementary rewards to recognize the work of local authorities who have excelled at using digital technology to solve local challenges. The awards ...
Russian gov’t working on stablecoin settlement platform between friendly nations: State media
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Russia’s Finance Ministry has reportedly begun working with the governments of “friendly” nations to establish a cross-border stablecoin-based payments platform. According to a Tuesday report from Russia state-owned news agency TASS, Deputy Finance Minister Alexey Moiseev said the government was ...
Country-specific crypto markets a bad idea, CZ says after gov’t talks
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Binance CEO Changpeng “CZ” Zhao has highlighted the shortcomings of segregated cryptocurrency markets after recent talks with governments from different countries. The global cryptocurrency exchange’s CEO has become increasingly involved in policy discussions with various governments as Binance continues its ...
US govt delays enforcement of crypto broker reporting requirements: Report
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The provision in the U.S. infrastructure bill signed into law in November, which will require financial institutions and crypto brokers to report additional information, could reportedly be delayed. According to a Wednesday report from Bloomberg, the United States Department of ...
Here’s how much Kazakh gov’t made off crypto mining in Q1 2022
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The government of Kazakhstan, one of the world’s largest countries by the Bitcoin (BTC) mining hash rate distribution, has reported budget earnings derived from cryptocurrency mining. On May 30, Kazakhstan’s state revenue committee of the Ministry of Finance released a ...
Gov’t says crypto miners consume 2% of total electricity in Russia
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Crypto miners account for two percent of the total electricity consumption in Russia, according to the latest government estimate. The energy consumption share of the crypto mining industry has exceeded the country’s agricultural sector, showing signs of recovery after Russia ...
Regulations enter critical stage as gov’t shows interest
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The crypto community and Wall Street converged last week in Nassau, Bahamas, to discuss the future of digital assets during SALT’s Crypto Bahamas conference. The SkyBridge Alternatives Conference (SALT) was also co-hosted this year by FTX, Sam Bankman-Fried’s cryptocurrency exchange. ...
Crypto Twitter reacts as Russian gov’t reviews finalized crypto bill
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The Ministry of Finance (MinFin) of Russia finalized a draft bill named “On Digital Currency” and has sent it to the Russian government for approval to be passed as law. The draft of the federal law clarifies regulations related to ...