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Kazakhstan Proposes 15% Tax on Bitcoin Mining to Help Combat Coronavirus


Kazakhstan has proposed legislation that would see a 15% tax imposed on bitcoin mining firms. This is part of efforts to raise money to help with the fight against the coronavirus pandemic. Proposed by the country’s Ministry of Economy, the new tax plan requires bitcoin (BTC) miners to first...

Publicly Traded Firms Launch New Mining Rigs, Less Hashrate Than Competitors


Two of the top mining manufacturers from China that recently had initial public offerings (IPO) released two new mining rigs. Canaan Inc. and Ebang Communications both have shares listed on the Nasdaq stock exchange, and the two firms just launched two ASIC mining devices with hashrates up to...

China Might Introduce Blockchain Standards for Financial Firms


China could be on the verge of introducing nationwide blockchain standards to govern the nation’s financial organizations, per a new report. According to media outlet Caixin, an unnamed “authoritative” source stated that the central People’s Bank of China (PBoC) has issued a set of “blockchain...

Beijing to Set up Blockchain Fund and Foster ’Unicorn’ Firms


The city government of Beijing and the surrounding area has announced a new two-year plan to foster the Chinese capital’s blockchain industry. Per an official announcement from the People’s Government of Beijing Municipality, the capital’s plan involves setting up blockchain technology talent...

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