Proof-of-work (PoW) crypto mining will not be prohibited in the European Union, at least not this year. That was the outcome of last week’s widely awaited European Parliament committee decision (EP). An ad hoc alliance of social democrats and Greens proposed a last-minute amendment that would have imposed a de facto prohibition on proof-of-work mining […]
Tonga, a small Pacific island, might recognise Bitcoin as a legal means of trade by the second quarter of 2023. It may also recognise Bitcoin mining by the third quarter of 2023. Lord Fusitu’a, a former Tongan parliamentarian, has revealed a possible timeline for the country’s adoption of Bitcoin. Fusitu’a, a Tongan aristocrat, had previously […]
Indira Kempis, a senator from Mexico’s Nuevo León state, is working on a crypto law modelled after El Salvador’s Bitcoin Law. In the midst of El Salvador reporting on the good effect of the nation’s Bitcoin (BTC) adoption, a Mexican government official has once again encouraged the country to follow El Salvador’s lead on Bitcoin. […]
El Salvador’s Bitcoin adoption as legal cash in September 2021 has resulted in a significant increase not just in its GDP but also in local tourist growth. Salvadoran President Nayib Bukele previously said that El Salvador’s GDP will grow by more than 10% in 2021. According to Salvadoran Tourist Minister Morena Valdez, the tourism business […]
The proposal seeks to classify cryptocurrency mining as a commercial activity and impose taxes on profits earned. While the Russian government works on a regulatory framework for digital assets, a federal ministry has made another proposal regarding the crypto mining industry. According to local news agency Izvestia, Russia’s Ministry of Economic Development has approved the […]