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Heatwave and Debt: Laos Suspends Crypto Mining Operations Amid Rising Power Demands
26.8.2023
In recent developments, Electricite du Laos (EDL) announced on August 24 that the power company shut down cryptocurrency mining activities. This decision came after this summer’s unprecedented heat surge escalated electricity demands. Furthermore, these mining operations have reportedly been...
Sichuan Province of China Targets Metaverse Industry Expansion to Reach $34.4 Billion by 2025
17.8.2023
Sichuan, a southwestern Chinese province, once recognized as a thriving crypto mining hub prior to the national ban on mining, is now looking to expand the metaverse industry.
Sichuan’s government unveiled an ambitious draft action plan with an aim to cultivate the nascent metaverse industry into...
Canadian Police Unit Utilizes Chainalysis Blockchain Forensics for Cryptocurrency Investigations
9.8.2023
Officials in law enforcement from Lethbridge, situated in the province of Alberta, Canada, have unveiled that the Lethbridge Police Service (LPS) is now utilizing Chainalysis blockchain forensics software. According to local reports, LPS has acquired the capacity to trace cryptocurrency...
Chinese City of Jinan Implements Digital Yuan Payments for Public Transportation Fares
5.7.2023
Jinan, the capital of the Chinese province of Shandong, has recently included the digital yuan as a means of payment for its public transportation system. According to local sources, digital yuan payments were implemented on July 1 in all city buses after being tested in just two bus lines. Jinan...
Hunan Province, China, Debuts Digital Yuan Loans for Small Businesses – Another CBDC First?
17.5.2023
Hunan Province, China, has debuted new digital yuan loans for tech startups – with Beijing keen to explore more central bank digital currency (CBDC) financing options.
Per the Changsha Evening News, via JDZ, three startup founders became the first people to be awarded CBDC loans from...
Chinese Province Unveils Digital Yuan Adoption Plan & City Says ‘All’ Buses Now Accept CBDC
10.5.2023
Chinese provinces are continuing to push digital yuan adoption, with the central bank digital currency (CBDC) set to find new uses in the worlds of education and public transport.
Per the media outlet Do News, the coastal province of Jiangsu has promised to launch a platform that will allow...
China’s Fujian Province Has Processed $22bn Worth of Digital Yuan – Are CBDCs Taking Over?
17.3.2023
Residents and firms based in China’s Fujian Province have reportedly processed almost $22 billion worth of digital yuan transactions to date – as the nation’s central bank digital currency (CBDC) continues to gather pace.
The province was added to the CBDC pilot zone last year. And it broke ground...
China's Hainan to boost NFT oversight as digital yuan trial ramps
31.1.2023
Hainan's market regulator wants to promote NFTs as part of the digital economy, but will actively work to weed out bad actors and speculative behavior
Buenos Aires to Tax Cryptocurrency Mining in 2023
23.12.2022
The province of Buenos Aires in Argentina will begin taxing cryptocurrency mining and possibly staking, in 2023. A new proposal modifies the tax law to introduce cryptocurrency mining as a taxable activity that will levy 4% on the income calculated via these operations. However, it is still unclear...
Chinese Zhejiang Province Aims to Build a $28.7 Billion Metaverse Industry by 2025
19.12.2022
Zhejiang, a coastal province of China, has presented a metaverse development plan that seeks to build a metaverse hub in its territory. The plan aims to entice the creation of a $28.7 billion metaverse industry and construct an ecosystem of several companies integrating this tech as part of...
Argentina’s province to issue US dollar-pegged stablecoin
16.12.2022
The bill also authorizes local artists to issue nonfungible tokens (NFT) to promote financial and cultural inclusion
Argentine Province of San Luis to Issue Dollar-Pegged Stablecoin and Local Art NFTs
16.12.2022
San Luis, a province of Argentina, has approved a bill allowing it to issue a blockchain-based, dollar-pegged stablecoin. The bill, which also approves the issuance of local artistic assets as NFTs (non-fungible tokens) seeks to enable the promotion of social development, and economic, cultural...
Canada's Manitoba Province Enacts 18-Month Moratorium on New Crypto Mining: Reports
1.12.2022
The local heavily indebted utility has received up to 4.6 GW of requests from miners looking to connect to the grid
Manitoba Halts New Crypto Mining Projects Due to Expected High Energy Demand
1.12.2022
Authorities in Manitoba are temporarily suspending the connection of new crypto mining facilities to the power grid. The Canadian province, which relies heavily on hydroelectric generation and attracts miners with low electricity rates, fears it may face overwhelming energy demand. Manitoba...
China will expand CBDC trials to most populous province: Report
20.9.2022
PBoC deputy governor Fan Yifei said expanding e-CNY trials to the provinces of Guangdong, Jiangsu, Hebei and Sichuan would happen "at a proper time."
China to Extend CBDC Trial to Most Populous Province, Guangdong, Three Others: Report
20.9.2022
The central bank will extend the trial of its e-CNY digital currency to Jiangsu, Hebei and Sichuan as well, the South China Morning Post said
Argentina's Mendoza province now accepting crypto for taxes and fees
30.8.2022
The New Mendoza Tax Administration crypto payment service turned on as of Aug. 24
Argentina's Mendoza Province Now Accepts Cryptocurrencies for Tax Payments
29.8.2022
Crypto payments to the province’s government would be immediately converted to Argentine pesos
Argentinian Province Mendoza Starts Accepting Tax Payments in Crypto
29.8.2022
Mendoza, an Argentinian province, has implemented a system that allows taxpayers to pay their taxes fully with cryptocurrencies. The system, which was launched this week, is part of a strategic push for the modernization and digitalization of payments carried by the tax authority of Mendoza...
China Bank Account Freeze Controversy: Authorities Reveal Latest Reimbursement Plan, Three Officials Now Under Investigation
31.7.2022
In a move seen as an attempt to pacify protesting bank clients, Chinese authorities in Henan province announced their latest repayment plan which sees customers with deposits ranging between $14,827 and $22,240 qualify for reimbursement. In addition, authorities said two unnamed officials from...