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Tag: Electricity

China’s Hainan Province Ramps Up Crackdown on Crypto Mining Operations

December 5, 2021 wp-bot Bitcoin News

The province of Hainan in South China has taken steps aimed at curbing crypto mining activities. Besides blacklisting the industry, local authorities are also introducing

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Russia, Ukraine Shut Down Several Cryptocurrency Farms

December 5, 2021 wp-bot Bitcoin News

Authorities in Russia and Ukraine have closed down a number of illegal crypto mining facilities allegedly powered by stolen electricity. The underground farms have been

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More Regulations Proposed to ‘Streamline’ Mining Sector in Kazakhstan

November 28, 2021 wp-bot Bitcoin News

Authorities need to expand the regulatory framework for cryptocurrency miners, a member of the parliament in Kazakhstan has suggested. The additional rules should streamline their

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Norway Mulls Backing Sweden’s Call for Euro Ban on Crypto Mining

November 18, 2021 wp-bot Bitcoin News

The government in Norway is considering ways to limit the environmental impact of cryptocurrency mining and may support Swedish proposals to that end, including a

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China Targets Crypto Mining at State-Owned Enterprises, Threatens Punitive Measures

November 17, 2021 wp-bot Bitcoin News

Authorities in China are continuing to crack down on activities linked to cryptocurrencies which they consider illegal. The country’s top economic planning body has clearly

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Russian Officials Back Idea of Recognizing Crypto Miners as Entrepreneurs

November 10, 2021 wp-bot Bitcoin News

Cryptocurrency mining should be recognized as an entrepreneurial activity under Russian law and taxed accordingly, representatives of key ministries in Moscow and the parliament have

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