regions – DIGIT INFO

EU Bans Crypto Services for Russians in New Sanctions Over Ukraine Escalation

DIGIT — Fri, 07 Oct 2022 11:30:09 +0000

An array of crypto-related services have been targeted in the latest round of sanctions on Russia approved by the EU. The measures are part of an expected tightening of the economic and financial restrictions in response to Moscow’s decision to annex Ukrainian territories. EU Council Adopts Full Ban on Crypto Wallet and Custody Services for […]

Go to Source

Moscow, Karelia, Irkutsk — Study Lists Most Popular Crypto Mining Destinations in Russia

DIGIT — Wed, 27 Jul 2022 21:30:26 +0000

Russia could be a large player in the crypto mining space, experts in the field have established in research naming the most attractive regions for coin minting operations in the country. The capital Moscow is among the popular mining destinations alongside the places offering the cheapest power. Cost of Electricity, Logistics Determine Russian Miners’ Choice […]

Go to Source

Georgians Sell Russian Regions as NFTs to Raise Money for Ukraine

DIGIT — Mon, 25 Apr 2022 09:30:35 +0000

A tech innovations firm based in Georgia’s capital Tbilisi is now “selling Russia piece by piece” in the form of NFTs. The money from the collectibles, representing almost 2,500 Russian regions, will be used to help rebuild Ukraine, which was invaded by the Russian army two months ago. Georgian Project Auctions NFTs of Russian Land, […]

Go to Source

Russian Ministry of Energy Calls for Urgent Legalization of Crypto Mining

DIGIT — Wed, 30 Mar 2022 12:00:48 +0000

The legal vacuum in the crypto mining sector must be filled “as soon as possible,” according to a statement by Russian Deputy Minister of Energy Evgeniy Grabchak. The government official also called for introducing regional quotas for crypto farms instead of regulating their business at the federal level. Russian Official Proposes Regional Energy Quotas for […]

Go to Source

Russian Government Allows Regions to Raise Electricity Rates for Crypto Miners

DIGIT — Sat, 25 Dec 2021 06:30:23 +0000

The federal government in Moscow has permitted regions to determine local electricity tariffs for the population, a measure that will affect crypto mining at homes. Subsidized household electricity in Russia is often used to mint digital currencies in basements and garages. Regions in Russia Granted Permission to Increase Costs for Home Mining Russians mining cryptocurrencies […]

Go to Source

China Has Dispersed Over $40 Million of Digital Yuan in Red Envelopes, Report Reveals

DIGIT — Sun, 11 Jul 2021 16:30:47 +0000

China, which has arguably the most advanced digital currency project among leading nations, has so far handed out more than $40 million in red envelopes with digital yuan. The promotional campaign for the CBDC is currently focused on five major cities, taking into account their regional development priorities. Beijing Gives Away 269 Million Yuan in […]

Go to Source

Iran Counts 30 Crypto Mining Farms Licensed to Mint Digital Currencies

DIGIT — Sun, 27 Jun 2021 03:00:09 +0000

Iranian authorities have so far authorized 30 facilities for cryptocurrency mining. The crypto mining farms are spread across several regions, including Tehran Province. The government has put out the data amid a crackdown on illegal miners in the country. A Third of Authorized Mining Farms Are Based in Two Provinces The Iranian Ministry of Industries, […]

Go to Source

Direct Democracy Party to Solve Issues With Crypto Rights in Russia

DIGIT — Thu, 16 Jan 2020 20:40:37 +0000

A new political force is being born in Russia out of the country’s tech business circles. The idea has been conceived by representatives of the country’s growing digital economy sector who want to embark on finding solutions to numerous issues that concern the crypto space. Also read: Eastern Europe Sees More Fiat Options for Trading […]

The post Direct Democracy Party to Solve Issues With Crypto Rights in Russia appeared first on Bitcoin News.

Go to Source

Russia Prepares to Test Cryptocurrencies in Four of Its Regions

DIGIT — Sat, 27 Apr 2019 17:40:03 +0000

The Russian Federation, which is yet to regulate digital assets, is now planning to allow four of its regions to test innovations that are not covered by its current legislation. A bill drafted by the Economy ministry envisages the establishment of regulatory sandboxes there. The special economic zones will allow companies, entrepreneurs and authorities to […]

The post Russia Prepares to Test Cryptocurrencies in Four of Its Regions appeared first on Bitcoin News.

Go to Source

Two Russian Regions to Develop Large Scale Crypto Mining

DIGIT — Sun, 18 Feb 2018 02:00:57 +0000

The governors of two Russian regions have indicated their readiness to accommodate large crypto mining facilities. Two of the westernmost subjects of the Federation – Kaliningrad and Leningrad – are willing to welcome miners and want to get involved in “bitcoin production”. Local authorities have expressed intentions to take mining out of garages and scale […]

The post Two Russian Regions to Develop Large Scale Crypto Mining appeared first on Bitcoin News.

Go to Source