Regulation


Policy

Bitmain-Backed BitFuFu Abandons Mining Rigs In Kazakhstan Due to Power Rationing

The company has shipped new machines to the U.S. to make up for the lost hashrate.

A bitcoin mining farm. (Marko Ahtisaari/Flickr)

Policy

Sen. Lummis Likely to Oppose Powell’s Fed Nomination on Crypto Grounds

The Wyoming senator is likely to vote against President Biden’s nominees to head the U.S. Federal Reserve, and will rally other senators against them, said a Lummis aide.

Sen. Cynthia Lummis helped draft an amendment to a controversial tax provision in the infrastructure bill.

Policy

Morgan Stanley Sees Crypto-Banking Regulation Arriving Faster Than Expected

The bank’s analysts say this is positive for crypto banks Silvergate and Signature.

occ logo

Finance

China’s Qihoo 360 Built Crypto Mining Monitoring Software to Support Crackdown

The cybersecurity company says 109,000 mining IPs were active daily on average in November.

A bitcoin mining farm. (Marko Ahtisaari/Flickr)

Policy

Yellen Says Stablecoins Require Proper Regulations

The Treasury Secretary also said she agreed with current Financial Crimes Enforcement Network (FinCEN) guidance that crypto firms and providers that don’t custody customer funds should not be regulated.

Capitol building (Shutterstock)

Policy

Indian Finance Minister Says Monitoring Crypto Ads; Not Weighing Ban

The Indian government is set to bring out a new crypto draft bill in the winter session of parliament.

PM Modi chairs high-level meeting on future of cryptocurrencies

Finance

Huobi Group Picks Singapore as Regional Headquarters

The crypto exchange has already moved significant parts of its operations to the city-state.

CoinDesk placeholder image

Policy

Russians Conduct $5B Worth of Crypto Transactions a Year, Central Bank Says

The regulator said it is worried people will start putting their savings into stablecoins.

The Bank of Russia

Policy

Indian Crypto Unicorn CoinDCX Plans to IPO Once Regulations Permit: Report

The Indian government has reportedly proposed a bill that will ban private crypto tokens.

The Taj Mahal in Agra, India (Sylwia Bartyzel/Unsplash)

Policy

India Has No Plans to Recognize Bitcoin as Currency; RBI Working on CBDC Rollout: Reports

The Indian parliament kicked off its winter session on Monday. Key crypto legislation will be discussed.

The Indian flag. (Pixabay)