Indonesian Police Shut Down Bitcoin Mining Operations Over Electricity Theft

by Александр Пирогов | Dec 29, 2023 | Blog News

Indonesian police authorities have closed down 10 Bitcoin mining operations, accusing organizers of electricity theft amounting to nearly $1 million. The North Sumatra Police Force confiscated 1,134 Bitcoin mining machines, 11 meters of electrical cable, and computer...

U.S. Congressman Advocates for Firing SEC Chair Gary Gensler in 2024

by Александр Пирогов | Dec 29, 2023 | Blog News

U.S. Congressman Warren Davidson, supported by House Majority Whip Tom Emmer, has advocated for the firing of SEC Chair Gary Gensler in 2024. Davidson attributes his stance to alleged corruption and abuses of power. This comes amid tensions between the SEC and the...

US District Court Rules in Favor of SEC in Case Against Terraform Labs

by Александр Пирогов | Dec 29, 2023 | Blog News

A United States District Court has ruled in favor of the United States Securities Commission (SEC) using expert assistance in its case against Terraform Labs and its former CEO Do Kwon. The court granted summary judgment for defendants on claims involving offering and...

Indian Financial Intelligence Unit Issues Show Cause Notices to 9 Cryptocurrency Exchanges

by Александр Пирогов | Dec 29, 2023 | Blog News

The Financial Intelligence Unit India (FIU IND) has issued compliance Show Cause Notices to nine offshore Virtual Digital Assets Service Providers (VDA SPs), including Binance, Kucoin, Huobi, Kraken, Gate, Bittrex, Bitstamp, MEXC, and Bitfinex. Despite serving a...

Argentina Introduces Tax Peace Bill Including Cryptocurrencies

by Александр Пирогов | Dec 29, 2023 | Blog News

After Bitcoin-supporting libertarian candidate Javier Milei won the elections in Argentina and became the new president, the government introduced a new tax peace bill. The bill includes cryptocurrencies such as Bitcoin (BTC) among the various assets that taxpayers...

Hong Kong SFC Publishes Rules for Spot Bitcoin ETFs

by Александр Пирогов | Dec 28, 2023 | Blog News

The Hong Kong Securities and Futures Commission (SFC) has released rules for spot bitcoin exchange-traded fund (ETF) issuers, allowing the use of both cash and in-kind creation models. This is in contrast to the U.S. Securities and Exchange Commission (SEC), which...