China remains a major player in the Bitcoin mining industry despite imposing a blanket ban on cryptocurrencies in 2021.
Read moreChinese gov't mulls anti-money laundering law to 'monitor' new fintech
According to the Chinese government, 1,391 individuals have been prosecuted on money laundering-related charges in the first half of 2024.
Read moreAustralia cracks down on online gambling with crypto, credit card ban
The government warned betting companies that failing to comply with the new rules could result in a fine of up to 234,750 Australian dollars ($155,000).
Read moreParaguay seizes 2,738 ASICs as power theft crackdown continues
Power-intensive crypto mining is controversial in Paraguay, where an attempt at crypto regulation was vetoed because of it.
Read moreChinese police bust $1.9B USDT underground banking racket
The authorities destroyed two underground operations in Fujian and Hunan, and the police also froze 149 million yuan worth $20 million linked to the USDT
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Petition to Stop Proposed Crypto Ban in US Gains Traction
A petition to stop a proposed crypto ban in the U.S. has gained traction. The Chamber of Digital Commerce explained that the Digital Asset Anti
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