Iran to Shut Down Crypto Mining Farms Amid Record High Power Demand

Authorities in Iran plan to unplug licensed crypto mining facilities as electricity consumption in the country is reaching record highs. The mining farms will be cut off from the grid on Wednesday, the Islamic Republics Ministry of Energy announced. Legal Crypto

Število razbitih nezakonitih farm za rudarjenje kripto v Iranu se približuje 7,000

Authorities in Iran have shut down close to 7,000 unauthorized facilities for cryptocurrency mining in the past two years, local media revealed. According to a report, most of the illegal bitcoin farms were concentrated in five provinces of the Islamic Republic,…

Kazahstan ukrepa proti nezakonitemu rudarjenju, Doprsni kipi 13 Kripto kmetije

Authorities in Kazakhstan have gone after illegal crypto mining operations amid ongoing issues with electricity supply. Working together with law enforcement, država’s energy ministry announced the closure of over a dozen facilities minting digital currencies. Government Shuts Down Unauthorized Crypto

Kosovo Seizes Hundreds of Crypto Mining Machines in Crackdown

Police in Kosovo seized another batch of over 200 mining devices as part of raids that started on Thursday. The offensive against underground crypto farms was launched after authorities in Pristina banned the power-hungry minting of digital currencies amid an energy

Kazahstanski senat je sprejel zakonodajo, ki podvrže kripto platforme finančnemu nadzoru

The Senate in Kazakhstan has approved amendments aimed at preventing the legalization of illicit funds which will affect companies dealing with digital assets, among others. The new legislation subjects crypto service providers to the countrys financial monitoring regime. Senators Back Law

Nigerian Experts Insist Africa’s First CBDC Is Presently Not for the Unbanked

While the Central Bank of Nigeria (CBN) continues to tout the e-nairas credentials as a tool for fostering financial inclusion, some experts agree that this central bank digital currency (CBDC) is presently not doing this. The CBDCs Chaotic Start This assertion

Single Mining Farm Needs as Much Power as 24,000 Homes, Kazakhstan Estimates

Authorities in Kazakhstan have calculated the energy used in the countrys crypto mining industry which competes for electricity with other sectors of the economy and households. The government has also estimated the additional supply necessary to meet the growing demand from

Canada’s ‘Mad Max’ Supports Bitcoin — Says ‘I Hate How Central Banks Are Destroying Our Money and Economy’

Maxime Bernier, a former cabinet minister nicknamedMad Maxand the leader of the Peoples Party of Canada (PPC), says he supports bitcoin and cryptocurrencies. “I hate how central banks are destroying our money and economycryptos are another new

Iran zapira več nezakonitih kripto farm, Skupaj presežem 5,300

Authorities in Iran are continuing their crackdown on unauthorized cryptocurrency mining as electricity demand remains high. Država’s power utility company has so far closed down more than 5,300 illegal mining facilities, seizing an enormous amount of coin-minting machines. Power Utility