Igor Kutyaev/iStock via Getty Images While China’s government downright banned cryptocurrencies last year, the country now has re-emerged as the world’s second largest bitcoin (BTC-USD) miner, with the U.S. remaining top dog, according to a report from the Cambridge Centre for Alternative Finance (“CCAF”) released this week. Specifically, the U.S.’s...
China has re-emerged as the second-biggest bitcoin miner after the US, despite Beijing’s ban on crypto activity. A surge in covert operations has made it a major mining hub again, the Cambridge Centre for Alternative Finance found. China’s crackdown resulted in a swift drop in global bitcoin mining, which has...
The Chinese government has not managed to take down cryptocurrency operations as part of its crypto ban last year as China has re-emerged as one of the world’s largest Bitcoin (BTC) mining hubs, according to a new report. China became the second-largest Bitcoin hash rate provider as of January 2022,...
A California state regulator may be looking at overturning a ban on cryptocurrency donations to political campaigns which has been in effect since 2018. According to its May 2022 agenda, California’s Fair Political Practices Commission, or FPPC, has scheduled a “pre-notice discussion” on Thursday on the use of cryptocurrencies f...
The monetary authority in charge of regulating financial activities in Central Republic Africa announced on Friday its ban on cryptocurrencies in the country. The ban by the Central Bank came a few weeks after the government announced Bitcoin as a legal tender alongside the local fiat currency, CFA franc, and...
An African regulator has told members of the six-nation Economic and Monetary Community of Central Africa (CEMAC) that a ban on cryptocurrencies is still effective. The regulator said the prohibition is designed to ensure financial stability is maintained within the economic bloc. COBAC to Set Up System to Identify Crypto...
Central Africa’s regional banking regulator sent out a reminder on Friday about its ban on cryptocurrencies, weeks after the Central African Republic, a member state, made bitcoin legal tender. The Banking Commission of Central Africa (COBAC), which regulates the banking sector in the six-nation Economic and Monetary Community of Central...
Russian c.bank proposes ban on cryptocurrency use Regulator warns of risks to financial stability Analysts say wider impact negligible for now Ban on cryptocurrency exchanges also proposed MOSCOW, Jan 20 (Reuters) – Russia’s central bank on Thursday proposed banning the use and mining of cryptocurrencies on Russian territory, citing threats...
Stakeholders in the financial sector have called for a regulatory framework for blockchain and cryptocurrency transactions in Nigeria. They made the call on Tuesday in Abuja, at a blockchain/cryptocurrency policy conference organised by the National Chamber Policy Centre (NCPC) of the Abuja Chamber of Commerce and Industry (ACCI). In February...
Lawmakers in Washington D.C. have tried to come up with new and unique ways of controlling or regulating cryptocurrencies. Some have even gone so far as to ask for a *ban* on cryptocurrency in general. There are currently many regulations in place for cryptocurrency, and it’s important for investors to...
