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Governments must tax or ban Bitcoin to maintain deficits: Minneapolis Fed
21.10.2024
The Federal Reserve Bank of Minneapolis suggests that a ban or tax on Bitcoin could ensure its ability to run permanent budget deficits
Paraguay could soon ban Bitcoin mining over power problems
5.4.2024
Bitcoin mining is an industry that seeks to use a lot of power, or electricity, in a region where mining farms operate. This is manageable for some spaces but not every space. Paraguay, for one, has yet to start reporting power problems and is, therefore, considering banning Bitcoin mining via law....
EU Moves to Ban Bitcoin to Meet Energy Goals – Report
31.1.2024
Source: Pixabay A recent report has indicated that Proof-of-Work (PoW) consensus networks, like Bitcoin, may be banned in the European Union (EU). Daniel Batten, a managing partner at CH4 Capital, shared on his X (formerly Twitter) handle that the European Central Bank (ECB) and European Securities...
‘Done, Dead’ — DeSantis to Nix Central Bank Digital Currency on Day 1
16.7.2023
Central bank digital currency (CBDC) is a “massive threat” to liberty, Republican Governor of Florida Ron DeSantis is convinced. During an interview with former Fox News host Tucker Carlson, DeSantis vowed to send CBDC “to the ash heap of history” if he is elected President of the United States....
Should Russia Bolster or Ban Bitcoin?
30.5.2023
The country reportedly backed out of plans to build a "national crypto exchange," its latest sign of indecision
Latam Insights: Bolivia Sells Gold for Dollars, Argentina Bans Fintech Crypto, Fitch Upgrades El Salvador’s Credit Rating
8.5.2023
Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue, Bolivia passes a law to sell gold for dollars, the Central Bank of Argentina bans fintech companies from using crypto, and Fitch improves...
New York Mayor Supportive of Mining Restrictions but Maintains Crypto Hub Objective
28.11.2022
Mayor of New York City Eric Adams took a supportive, if somewhat veiled, stance on the partial crypto mining ban imposed in the state. A law signed by fellow Democrat and New York Governor Kathy Hochul temporarily limits the minting of digital currencies using fossil fuels. New York Mayor...
Billionaire Hedge Fund Founder Ray Dalio Steps Down as Co-CIO of Bridgewater Associates
5.10.2022
Billionaire hedge fund founder Ray Dalio has stepped down as chief executive of Bridgewater Associates, according to a transfer of voting rights on September 30. Bridgewater’s co-chief executive explained on Tuesday that “Ray no longer has the final word,” in regard to...
Chinese mining giant Canaan doubles profits despite the blanket crypto ban
18.8.2022
The Chinese crypto miner maker Canaan has been expanding its mining business, accumulating a total of 346.84 BTC by the end of June
Veteran Investor Jim Rogers Optimistic About Future of Crypto Money
24.5.2022
Renowned investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, says he has “optimism about the future of crypto money.” However, he is skeptical of central bank digital currencies and warned that the world is looking for something to replace...
China Backed Publication: Terra LUNA Crash Vindicates Country’s Ban on Crypto-Related Activities
16.5.2022
An op-ed article published in the state-backed Chinese publication Economic Daily, has suggested that the recent crash of the Terra blockchain’s LUNA and the de-pegging of the UST stablecoin vindicate the Asian country’s decision to ban crypto-related activities. In the article,...
Proposed Crypto Mining Ban in Norway Fails to Gain Support in Parliament
13.5.2022
A push to prohibit the energy-intensive proof-of-work mining of cryptocurrencies in Norway has been rejected by the majority of lawmakers. The ban had been suggested by the far-left Red Party which also didn’t win backing to raise an electricity tax for crypto miners. Norway Will Not...
Abkhazia Extends Crypto Mining Ban Till End of Year
6.4.2022
Authorities in Abkhazia have decided to maintain a ban on cryptocurrency mining in the territory. The partially recognized republic in the South Caucasus is restricting the energy-intensive extraction of digital currencies, citing problems with power supply. Bitcoin Mining Remains Prohibited...
Russia Will Not Try to Ban Home Crypto Mining, Finance Ministry Official Indicates
3.4.2022
A high-ranking representative of the Ministry of Finance in Moscow sees no point in banning crypto mining in Russian households as it would be hard to restrict the activity. The top official also revealed that the department is currently finalizing regulations for the mining sector as part...
European Union’s MiCA Proposal Progresses to Trilogue Stage Without Bitcoin Ban Provision
27.3.2022
The Markets in Crypto Assets (MiCA) regulatory package passed another potential hurdle this week and is moving to the next stage of the EU’s legislative process. Proponents of a controversial text prohibiting proof-of-work (PoW) cryptocurrencies, which was recently dropped from the draft...
Ron Paul Cautions Government Could Still Ban Bitcoin — Says He’s Influenced ‘a Whole Lot’ by History
20.3.2022
Former U.S. Congressman Ron Paul says he still believes that the government could outlaw bitcoin mainly because he is “influenced a whole lot by history and the gold history.” Despite his warning, Paul stressed that crypto “should be obviously permitted.” Ron Paul...
EU Parliament Committee Votes Against Proof-of-Work Ban, Supports Alternative Amendment on Crypto Assets
14.3.2022
European Parliament’s economic and monetary affairs committee has voted against banning proof-of-work-based assets for companies in the European Union. An alternative proposal on crypto assets by European Parliament member Stefan Berger receives support instead. Committee Rejects...
MiCA Amendments Proposed Last Minute Revive Threat of EU Ban on Bitcoin, Report Reveals
14.3.2022
Changes to the EU’s MiCA proposal to regulate crypto markets, suggested shortly before a vote on the package, indicate a bitcoin ban is still a possibility. Despite recently removing wording that would have prohibited coins with energy-intensive mining, some members of the European...
Proof-of-Work Ban Removed From Europe’s Proposed Crypto Regulation
3.3.2022
A text threatening to prohibit cryptocurrencies relying on energy-intensive proof-of-work mining has been deleted from the draft legislation aimed at regulating the European crypto space. The move comes after the controversial provision sparked objections from the crypto community. MiCA Proposal...
Chinese Provinces Tighten Crypto Crackdown – Despite Setting New Electricity Rates for Miners
25.2.2022
A number of Chinese provinces have increased the rate at which crypto miners must pay for electricity – despite the fact that mining has been outlawed in the nation....
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