industry association – DIGIT INFO

Russian Crypto Industry Queries Government About Proposed Criminal Liability for Miners

DIGIT — Sat, 18 Mar 2023 04:30:29 +0000

The organization representing Russia’s crypto sector has asked the government in Moscow to clarify a proposal to introduce criminal liability for “gray” miners. The draft legislation seeks to punish those who fail to report their income to the state and share information about their digital assets. Crypto Companies in Russia Want to Take Part in […]

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Power Deficit Forces Crypto Miners to Leave Kazakhstan

DIGIT — Wed, 29 Dec 2021 14:30:26 +0000

Electricity shortages have been dogging Kazakhstan’s booming crypto mining industry this year. A media report reveals that some miners, including some of those that moved in amid China’s crackdown on the sector, are now looking to relocate to destinations with a more stable energy supply like the United States. Miners Shut Down Crypto Farms Due […]

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Russian Crypto Industry Association Slams Government for Doing ‘Nothing’ to Regulate Sector

DIGIT — Sun, 24 Oct 2021 11:30:38 +0000

The main organization representing participants in the Russian crypto space has lambasted authorities in Moscow for not doing enough to regulate the industry. The criticism comes four years after President Putin directed institutions to legally define the status of digital financial technologies. Regulators Accused of Failure to Take Russian Crypto Market Out of Shadow Russian […]

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Cryptocurrency Swap Not Banned in Iran, President’s Legal Team Says

DIGIT — Thu, 05 Aug 2021 12:30:59 +0000

Current regulations do not prohibit the swapping of digital currencies, according to the Iranian Vice Presidency for Legal Affairs. The department has stated its position in correspondence with an ICT industry association which wanted to know what rules apply to cryptocurrency exchange, local media reported. Converting a Cryptocurrency Into Another Is Not Against Iranian Law […]

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Russian Crypto Industry Scrambles to Attract Miners as Kazakhstan Overtakes Russia in Mining Volume

DIGIT — Mon, 19 Jul 2021 09:30:04 +0000

An industry association representing the Russian crypto sector has launched a project to entice bitcoin miners. Despite its abundant sources of cheap energy, Russia is now lagging behind Kazakhstan, another Eurasian Economic Union member, in terms of cryptocurrency production. Russian Project Aims to Expand Country’s Crypto Mining Capacity The Russian Association of Crypto Industry and […]

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Petitions to End RBI Crypto Banking Ban Advancing in India

DIGIT — Tue, 29 Jan 2019 12:01:44 +0000

A lawyer representing the Internet and Mobile Association of India in its writ petition against the RBI banking ban has shared new details of the progress to lift the ban with news.Bitcoin.com. The supreme court recognizes the urgency of hearing the RBI case without waiting for the Indian government to introduce crypto regulation. Also read: Indian […]

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