The South Korean Democratic Party recently organized a crypto task force with the aim of "institutionalizing" cryptocurrencies with innovative legislation. The intention is to soften the attitude of the regulator and propose progressive regulation.
The working group is made up of parliamentarians,…
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cryptocurrencies
Electricity consumption of bitcoin begins to fall
According to data from the Cambridge Bitcoin Electricity Consumption Index (cbeci), the electricity consumption of the cryptocurrency plummeted 60 % from the all-time high reached above 143 terawatt-hours (twh).
No such low numbers were…
Mexico evaluates the implementation of bitcoin payments
Mexican deputy Indira Kempis Martínez urged the legislative and executive branches of her country to hold a high-level discussion on Bitcoin and blockchain, where important figures and authorities participate, including the president of…
NFT sales exceed $ 2.5 billion
During the first half of 2021, sales of non-fungible tokens (NFT) were at historical values compared to what was achieved in 2020.
Specifically, the profits from the trading of these types of tokens generated 2.5 billion dollars during…
Iran prepares to regulate cryptocurrency mining
The legislators of the Iranian parliament presented a bill that will allow crypto mining in their territory with well-established rules and a preponderant role of the Central Bank.
The project aims to "support cryptocurrency mining and…
Venezuela to offer guarantees to cryptocurrency miners
The National Superintendency of Crypto Assets and Related Activities (Sunacrip in Spanish) recently held a meeting together with the National Cryptocurrency Association (Asonacrip) for an approach with the institutions that are dedicated to…
FinCEN works on cryptocurrencies regulation
Financial Crimes Enforcement Network (FinCEN) established that transactions carried out with cryptocurrencies will be a national priority in order to prevent and neutralize the financing of terrorism and money laundering. In this…
Kazakhstan to apply new tax to crypto miners in 2022
Kazakhstan's President Kassym-Jomart Tokayev, recently signed a regulatory framework for cryptocurrency miners, which will impose an additional tax for the use of electricity.
According to the new law, these new rates would take effect…
US banks will strengthen cryptocurrency trading services
NCR, NYDIG, First Citizens Bank and Bay Federal Credit Union signed an agreement that will allow 650 US banks to offer bitcoin purchases to approximately 24 million users through mobile applications.
This is how the largest business…
Chancellor of the United Kingdom includes cryptocurrencies in financial reforms
Rishi Sunak, Chancellor of the Exchequer of the United Kingdom, stated that the government will analyze some recommendations for the country to become a center of innovation and business of fintech. "While I believe in the power of new…
Bank of France will soon regulate cryptocurrencies
The director of the Bank of France, François Villeroy de Galhau, recently highlighted that in a period of no more than two years, Europe must already have a regulatory framework for cryptocurrencies.
"I must emphasize here the urgency: we…
Sunacrip launches NFT for the Battle of Carabobo
The National Superintendency of Cryptoactives of Venezuela (Sunacrip) recently launched a non-fungible token (nft) commemorating the 200 years of the Battle of Carabobo.
The superintendent, Joselit Ramírez, was in charge of announcing this…