Checks – DIGIT INFO

Kazakhstan Cracks Down on Illegal Mining, Busts 13 Crypto Farms

DIGIT — Wed, 23 Feb 2022 06:49:39 +0000

Authorities in Kazakhstan have gone after illegal crypto mining operations amid ongoing issues with electricity supply. Working together with law enforcement, the country’s energy ministry announced the closure of over a dozen facilities minting digital currencies. Government Shuts Down Unauthorized Crypto Mining Operations Across Kazakhstan Local departments of the Committee for Atomic and Energy Supervision […]

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Kazakhstan President Orders Government to Find All Miners and Raise Tax by April

DIGIT — Thu, 10 Feb 2022 14:30:12 +0000

President of Kazakhstan Kassym-Jomart Tokayev has instructed authorities to identify all crypto mining enterprises and increase the electricity surcharge they are required to pay. The state is not against legal mining activities, but crypto farms should be licensed and taxed, Tokayev insisted. Miners in Kazakhstan to Pay Higher Electricity Tariffs On top of electricity shortages […]

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Federal Security Service of Russia Seeks Powers to Obtain Information From Crypto Platforms

DIGIT — Sun, 31 Oct 2021 12:30:59 +0000

The Federal Security Service of the Russian Federation has issued a draft order allowing its agents to request information from cryptocurrency platforms among other organizations. The move follows changes made to the anti-corruption legislation in Russia, the agency noted. FSB Wants Access to Crypto Data for Anti-Corruption Checks in Russia Russia’s main law enforcement agency, […]

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Mark Cuban Wants an Expiration Date on Stimulus Checks: Critics Says Proposal Is Right out of a Banana Republic Playbook

DIGIT — Mon, 28 Sep 2020 20:00:17 +0000

U.S. billionaire Mark Cuban wants the next stimulus check to come with an expiration date in order to force Americans to spend the funds. The businessman believes this “use it or lose it” approach would benefit the U.S. economy as it promotes spending instead of saving. Cuban argues that when consumers are forced to spend, […]

The post Mark Cuban Wants an Expiration Date on Stimulus Checks: Critics Says Proposal Is Right out of a Banana Republic Playbook appeared first on Bitcoin News.

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Turkey to Inspect Cryptocurrency Exchanges as Part of Government Offensive Against Online Gambling

DIGIT — Mon, 02 Mar 2020 15:10:06 +0000

Turkish authorities will soon be going after crypto exchanges operating in the country, local media reported. Although the trading platforms are not the prime target of a new push to increase budget receipts, they will be placed under close examination. The news comes as a military escalation with Syria and the coronavirus outbreak in the […]

The post Turkey to Inspect Cryptocurrency Exchanges as Part of Government Offensive Against Online Gambling appeared first on Bitcoin News.

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Bulgarian Tax Authority to Inspect Crypto Exchanges and Traders

DIGIT — Tue, 15 Jan 2019 08:00:50 +0000

The National Revenue Agency of Bulgaria is preparing to conduct inspections on cryptocurrency trading platforms and their customers. The authority wants to make sure that both are fulfilling their obligations under the country’s tax and social security laws. Also read: Denmark’s Tax Agency to Collect Information About Bitcoin Traders Nine Crypto Companies Subjected to ‘Control […]

The post Bulgarian Tax Authority to Inspect Crypto Exchanges and Traders appeared first on Bitcoin News.

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Think Crypto’s Challenges Are Unique? It’s Just History Repeating Itself

DIGIT — Tue, 09 Oct 2018 15:48:57 +0000

Naysayers who say crypto will never take off happily reel off a number of problems the industry faces. But history shows that everything from cash to coins survived similar issues #SPONSORED

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