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Russia Supplying Kazakhstan with Electricity for Cryptocurrency Miners


Russia is looking to bolster Kazakhstan's energy demands in an amendment of the partnership between the two nations, as a means to provide electricity to miners within the former Soviet republic member state. The move comes amidst growing demand for electricity by crypto miners in Kazakhstan,...

Which Crypto to Buy Today - TAMA, RSR, XLM


Cryptocurrencies were trading in the red early this morning, October 2. The worldwide crypto market cap is $935.24 billion, down 0.01% from the previous day. Over the last 24 hours, the crypto market volume has increased by 13.20% to $79.05 billion.... Read More: Which Crypto to Buy Today - TAMA...

Uzbekistan Introduces Monthly Fees for Cryptocurrency Companies


Crypto firms in Uzbekistan will have to pay fees to the state under new legislation proposed by regulators. The charges vary depending on the business activity and can reach $11,000 a month in the case of digital asset exchanges. Failure to pay will result in license suspension. Crypto Operators...

SEC Charges 2 Firms and 4 Individuals in Crypto Pump-and-Dump Scheme


The U.S. Securities and Exchange Commission (SEC) has taken action against two firms and four individuals allegedly perpetrating a crypto pump-and-dump scheme. “Although this case involves crypto assets, it bears the hallmarks of a classic pump and dump scheme,” said the SEC....

Bill Aims to Limit Crypto Mining in Kazakhstan Only to Registered Companies


New legislation proposed in the parliament of Kazakhstan will allow only authorized miners to mint digital currency, if adopted. The draft has been designed to comprehensively regulate the industry and reduce what its sponsors label as uncontrolled consumption of electricity in the sector....

Russia to Supply Electricity to Kazakhstan’s Cryptocurrency Miners


Russia is preparing to provide Kazakhstan with additional energy needed to operate crypto mining farms in the Central Asian nation. New arrangements will allow Kazakhstan’s miners to buy electricity directly from the Russian power generation and distribution giant Inter RAO. Miners...

Crypto is Thriving Through Offshore Corporate Structures


Marc Piano, Senior Associate at global offshore law firm Harneys, is a member of the Investment Funds, Corporate, and Banking & Finance teams in the Cayman Islands office. Phil Graham, Partner at Harneys, is global head of the Investment Funds and Regulatory groups and head of the transactional...

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