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Tag: fines

Russian Crypto Industry Queries Government About Proposed Criminal Liability for Miners

March 18, 2023 wp-bot Bitcoin News

The organization representing Russia’s crypto sector has asked the government in Moscow to clarify a proposal to introduce criminal liability for “gray” miners. The draft

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Revised Bill Suggests Prison Time for Russian Crypto Miners Evading Taxation

March 12, 2023 wp-bot Bitcoin News

A draft law designed to regulate crypto mining in Russia introduces harsh penalties for miners failing to report digital assets to the state. In its

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Russia Cracking Down on Crypto Miners Minting in Residential Areas

December 14, 2022 wp-bot Bitcoin News

Russian authorities are now prosecuting miners extracting cryptocurrency using subsidized electricity for the population, according to a top official from the energy ministry. Power utilities

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Crypto Ads in Thailand Must Feature Clear Investment Warnings, New Regulations Require

September 2, 2022 wp-bot Bitcoin News

Thailand has introduced tighter rules that will oblige crypto companies to duly inform potential customers of the investment risks on their advertisements. The new regulations

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Crypto Miners in Russia’s Irkutsk Region Fined Almost $1.7 Million This Year

August 25, 2022 wp-bot Bitcoin News

Authorities in the energy-rich Russian region of Irkutsk have imposed hefty fines on crypto miners this year for illegal use of electricity to produce digital

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Binance fined $3M over illegal operations in the Netherlands

July 18, 2022 wp-bot Cointelegraph

The Dutch central bank said that the Binance crypto exchange had a “very large number of customers in the Netherlands.”

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