Author: Lubomir Tassev

US ‘Kidnapped’ Russian Crypto Businessman Denis Dubnikov, Lawyer Says – Bitcoin News

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U.S. law enforcement agents have “kidnapped” crypto entrepreneur Denis Dubnikov in Mexico, before transferring him to the Netherlands where he was arrested, his lawyer told Russian media. Dubnikov is suspected of money laundering and faces up to 20 years in Read More

Finiko Fugitives Suspected of Moving 750 BTC From Crypto Pyramid’s Wallet – Bitcoin News

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A large amount of cryptocurrency has reportedly been withdrawn from a wallet previously controlled by the Finiko Ponzi scheme in Russia. The wallet’s unknown operators have transferred coins worth $48 million this month. The digital currency was split into smaller Read More

Digital Ruble to Give Russians What They Need, Bank of Russia Governor Says – Finance Bitcoin News

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The digital ruble is what Russian citizens need as it will facilitate inexpensive and reliable payments, the head of Bank of Russia, Elvira Nabiullina, told participants in an international banking forum. The governor also warned that cryptocurrencies and fiat-backed stablecoins Read More

Iran Continues Crackdown on Illegal Crypto Mining, Seizes Hundreds of Mining Rigs – Mining Bitcoin News

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Authorities in Iran persist with their efforts to curb unauthorized cryptocurrency mining. The state-run power distribution company has recently identified over a dozen underground crypto farms in Tehran and other regions, unplugging hundreds of mining units illegally connected to the Read More

Kazakhstan Senate Adopts Legislation Subjecting Crypto Platforms to Financial Monitoring – Regulation Bitcoin News

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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 country’s financial monitoring regime. Senators Back Read More

Russian Government to Track Crypto Transactions With Help From Anti-Drug Organization – Bitcoin News

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Russian institutions have responded to a call from а public movement for joint efforts to identify cryptocurrency transfers related to drug trade. The anti-drug organization, Stopnarkotik, recently asked the interior ministry and the central bank to investigate alleged connections between Read More

Amid Risk of Power Deficit, Ukraine Shuts Down Another Crypto Farm – Mining Bitcoin News

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With а growing threat of electricity shortages in the winter months, Ukraine has busted another large coin minting facility illegally drawing power from the grid. The country’s security agency announced it’s stepping up efforts to ensure the nation’s energy system Read More

Up to 12 Million Iranians Own Cryptocurrency, Traders Choose Local Exchanges – Exchanges Bitcoin News

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Cryptocurrencies are a popular investment among Iranians and estimates suggest that the number of those who already own one coin or another may be as high as 12 million. The majority of Iranian traders prefer the services of local crypto Read More

Digital Transformation Committee Recommends Amended Ukrainian Crypto Law for Adoption – Regulation Bitcoin News

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The law “On Virtual Assets,” Ukraine’s attempt to regulate its growing crypto space, has been revised again and recommended for final adoption. A key parliamentary committee has given its support for the bill which was vetoed by the Ukrainian president Read More

Russia Considers Selling Power to Kazakhstan Amid Deficit Caused by Crypto Miners – Mining Bitcoin News

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State-owned Russian energy giant Inter RAO is now discussing electricity supplies for Kazakhstan where crypto miners have allegedly caused a spike in consumption this year. The country is expecting the power deficit to reach 600 megawatts as demand during the Read More

Kazakhstan Expects $1.5 Billion From Crypto Mining in 5 Years, Estimates Suggest – Mining Bitcoin News

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Crypto miners now bring more than $230 million into the economy of Kazakhstan each year and estimates show the figure could increase significantly in the future. The industry’s leading organization has projected that the government can collect more than $300 Read More

Slovenia Launches Public Consultations on Crypto Taxation Law – Taxes Bitcoin News

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Authorities in Slovenia have prepared new legislation tailored to determine how crypto holdings and transactions are taxed in the country. The proposal, aimed at clarifying the matter, has been submitted for public consultations this week, local media reports revealed. Slovenia Read More

Bitcoin ATMs Double This Year, Exceed 30,000 Globally – Bitcoin News

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Locations providing crypto ATM services have increased exponentially this year, according to data compiled by a major tracking site. Bitcoin ATMs have doubled in number since January and close to 80 countries now host teller machines exchanging cryptocurrencies with fiat Read More

Ukraine Security Service Busts Criminal Group Selling Bitcoin-Stealing Malware  – Bitcoin News

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Law enforcement authorities in Ukraine have exposed a crime ring specializing in cryptocurrency theft and laundering of illicit funds for hackers. The gang, which provided services to clients on the darknet, has been dismantled as a result of a joint Read More

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

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Authorities in Kazakhstan have calculated the energy used in the country’s 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 Read More

Pakistan Government Not Against Crypto Investments, High Court Calls for Regulations – Regulation Bitcoin News

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The executive power will not oppose cryptocurrency investments, a high-ranking government official has told lawmakers in Pakistan. The statement comes as a regional high court has urged the federal government to regulate cryptocurrencies and formed a committee to look into Read More

Australia Needs Regulations to Facilitate Crypto Business, Senate Committee Reports – Regulation Bitcoin News

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A Senate committee in Australia has made a number of proposals to address the lack of proper regulations for the cryptocurrency space. The lawmakers believe the country needs new rules for its fintech and digital asset industries to be able Read More