China's Stricter Crypto Regulations: Implications for the Global Market
China’s complex relationship with cryptocurrency continues to capture global attention. Despite instituting a blanket ban on Bitcoin mining and trading in 2021, Chinese miners still dominate the landscape, controlling over 55% of the global Bitcoin mining network. Recent insights from…
Russia's New Taxation Plan for Crypto Miners: Assessing Power Consumption for Revenue
As Russia navigates the complex landscape of cryptocurrency regulation, recent announcements indicate a significant shift in its approach to taxing digital asset miners. The government is poised to implement a new taxation framework based not on the value of mined…
Russia Expands Crypto Mining Operations with New Data Centres
Russia is stepping up its game in the cryptocurrency mining sector by announcing the establishment of 15 new mining data centres in the Komi Republic. This expansion comes on the heels of recent government legislation aimed at legalizing cryptocurrency mining…