clampdown – DIGIT INFO

At Least 1,000 Lawsuits Filed Against Crypto Miners in Russia’s Irkutsk Region

DIGIT — Tue, 14 Feb 2023 05:45:02 +0000

Authorities in the Russian region of Irkutsk have so far filed 1,000 lawsuits against what they call “gray” miners, or people minting coins in their homes. In over half of these cases, courts have ordered the defendants to compensate the operators of the distribution networks. Hundreds of Crypto Miners Sued in Irkutsk for Extracting Digital […]

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Court Decision Voids Crypto Mining Contracts in China, Shuts Down Bitcoin Farms

DIGIT — Thu, 16 Dec 2021 13:37:17 +0000

A court in Beijing has ruled that three investment agreements for bitcoin mining operations in Sichuan are “invalid.” A compensation claim has been rejected in the case, viewed as an indication that the Chinese judiciary would not provide protection for crypto-related interests. Beijing Court Invalidates Bitcoin Mining Contracts The Chaoyang District People’s Court in the […]

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Cryptocurrency Exchange Huobi Global to Leave China This Month

DIGIT — Wed, 08 Dec 2021 11:30:00 +0000

Digital asset exchange Huobi Global has revealed its intention to exit the Chinese Market. The crypto trading platform with Chinese roots said it will stop processing transactions for existing users on the mainland by the end of the year. Huobi Global Halts Services in the People’s Republic Crypto exchange Huobi Global is going to discontinue […]

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China’s Hainan Province Ramps Up Crackdown on Crypto Mining Operations

DIGIT — Sun, 05 Dec 2021 13:30:12 +0000

The province of Hainan in South China has taken steps aimed at curbing crypto mining activities. Besides blacklisting the industry, local authorities are also introducing higher electricity rates for the mining enterprises that continue to operate in the region. Hainan to Ensure Crypto Miners Pay More for Power The ongoing crackdown on cryptocurrency mining in […]

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China’s Hebei Province Begins Crackdown on Crypto Mining and Trading, Reports Reveal

DIGIT — Thu, 16 Sep 2021 07:30:40 +0000

Authorities in the Chinese province of Hebei have reportedly launched a campaign against cryptocurrency mining and trading. According to a quoted announcement by the region’s cyberspace administration, a number of government agencies are working together to prevent the use of the region’s computing power in the crypto activities which the government considers illegal. Cyberspace Watchdog […]

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Zambia Launches Crackdown on Crypto Companies

DIGIT — Mon, 15 Oct 2018 20:30:22 +0000

The Bank of Zambia has started to clamp down on cryptocurrency-related businesses, mere days after declaring that it does not view digital coins such as BTC as legal tender. The crackdown began on Oct. 14, when the central bank announced an investigation into Heritagecoin Resources Ltd. for allegedly laundering money, according to local media reports. […]

The post Zambia Launches Crackdown on Crypto Companies appeared first on Bitcoin News.

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New BATM Supporting BTC, BCH Launches in Sofia

DIGIT — Sun, 22 Jul 2018 01:40:08 +0000

A crypto teller machine exchanging a number of cryptocurrencies with fiat, including bitcoin (BTC) and bitcoin cash (BCH), will be operational next week in a Sofia mall. The BATM is a two-way device that will accept euro, dollar and Bulgarian lev deposits. It will also buy cryptos and print paper wallets. Also read: Eastern […]

The post New BATM Supporting BTC, BCH Launches in Sofia appeared first on Bitcoin News.

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Eastern Europe: Regulation Postponed, Tax Abandoned, Banks Enlightened

DIGIT — Thu, 19 Jul 2018 01:12:03 +0000

Eastern European nations have been following closely regulatory developments in the West to better understand where the wind is blowing before addressing the challenges presented by cryptocurrencies. This strategy has proved fruitless, however, as developed western countries, and international organizations, have not been able to come up with a unified approach towards regulating the crypto […]

The post Eastern Europe: Regulation Postponed, Tax Abandoned, Banks Enlightened appeared first on Bitcoin News.

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Bitcoin Businesses Denied Banking Services in Ireland

DIGIT — Thu, 21 Jun 2018 17:18:49 +0000

Leading companies from the crypto sector in Ireland have complained they are being denied services by some of the country’s major financial institutions. Among the affected businesses are bitcoin exchange Bitcove, winner of the bank-sponsored “Best Business Startup” award, and Ireland’s “longest running” bitcoin broker, Eircoin. Also read: Swiss Crypto Company Acquires License to […]

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Bitcoin in Brief Monday: Twitter Wields the Banhammer

DIGIT — Mon, 09 Apr 2018 05:42:05 +0000

The cryptocurrency space is rarely short of drama, but there’s something about Twitter drama in particular that sets tongues wagging and crypto influencers crossing swords. The suspension of the popular @Bitcoin account on Sunday has sparked furious debate. In today’s edition of Bitcoin in Brief, there’s all that plus some ludicrous claims from new blockchains. […]

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