inspections – DIGIT INFO

Kazakhstan Police Shut Down Another Crypto Farm Amid Ongoing Crackdown on Mining

DIGIT — Tue, 22 Mar 2022 21:30:01 +0000

Law enforcement officers in Kazakhstan have busted another mining facility as they continue to crack down on illegal activities in the sector. The crypto farm, located at a railway station, is the latest targeted mining operation in the country which has been struggling with its power deficit. Authorities in Kazakhstan Seize Over 100 Mining Rigs […]

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Kazakhstan Shuts Down Over 100 Crypto Mining Farms

DIGIT — Wed, 16 Mar 2022 15:00:01 +0000

More than 100 crypto farms in Kazakhstan have terminated operations as a result of ongoing inspections of the mining sector. Authorities have revealed that some of the facilities are linked to prominent businessmen and former government officials. Financial Watchdog Goes After Crypto Miners Across Kazakhstan The rapid expansion of crypto mining in Kazakhstan, since last […]

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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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Power Outages in Russia’s Irkutsk Region Blamed on Home Miners

DIGIT — Sun, 02 Jan 2022 21:00:29 +0000

Russians mining cryptocurrency in their homes have been blamed for the problems with the electricity supply in Irkutsk. Power outages have become a frequent occurrence in the region which maintains the lowest electricity rates in Russia. Subsidized household energy has turned mining into a source of income for many locals. Electricity Consumption Spikes Amid Spread […]

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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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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 […]

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Two Crypto Exchanges Suspended by Japan’s Financial Regulator

DIGIT — Sat, 07 Apr 2018 07:30:16 +0000

The Financial Services Authority of Japan has imposed penalties on three cryptocurrency exchanges following inspections of trading platforms in the country. Two of them have been ordered to suspend operations. Officials are not satisfied with the measures implemented to prevent money laundering and systemic risks. Also read: CEO of Korean Exchange Coinnest among Four […]

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US Financial Regulator Requests Crypto Trading Data From South Korea

DIGIT — Tue, 30 Jan 2018 15:00:03 +0000

The New York State Department of Financial Services has asked two South Korean financial authorities to share cryptocurrency-related data they obtained from their recent inspections of six major Korean banks. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies The US Wants South Korean Crypto Data The New York State Department of Financial […]

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