Tag: Crypto Mining

3d-rendering-metallic-bitcoin-russian-flag-1.webp

Russia Proposes 15% Tax on Crypto and Mining Restrictions

Russia is proposing a 15% tax on cryptocurrency earnings, signaling a shift in regulations for crypto miners and transactions. The draft amendment, introduced by the Ministry of Finance on Monday, aims to create a structured framework for cryptocurrency taxation and mining operations in the country. New Russia Crypto Tax Framework The proposed legislation includes a […]
CONTINUE READING
bitcoin-crypto-currency-coin-with-cracked-malaysia-flag-crypto-restrictions.webp

Malaysia Loses $723M in Electricity to Illegal Crypto Mining Since 2018

From 2018 to 2023, unauthorized crypto mining operators in Malaysia have illicitly appropriated electricity valued at $723 million. During a recent event, Malaysia’s Deputy Minister of Energy Transition and Water Transformation, Akmal Nasrullah Mohd Nasir, disclosed these figures as authorities destroyed around $467,000 worth of confiscated items, including Bitcoin mining devices and other electrical equipment. […]
CONTINUE READING
legislative-assembly-nizhny-novgorod-region-nizhny-novgorod-kremlin-nizhny-novgorod-1280x856.webp

Crypto Mining Legalization Under Review by Russian Government Authorities

Russian government agencies might be getting ready to officially recognize the practice of large-scale cryptocurrency mining. Yet, there’s still potential for a significant obstacle from a key government body. For a long time, miners have been requesting that Moscow formally acknowledge mining as a legitimate business activity. This month, they have proposed a new law […]
CONTINUE READING