Iran is banning authorized crypto mining in the country until March 6 in an attempt to save power and avoid blackouts this winter, according to a Bloomberg report.The move will free up 209 megawatts of power for use by the country’s households, according to the director of state-run Iran Grid Management Co. Mostafa Rajabi Mashhadi, who was interviewed by state TV.The … [Read more...] about Iran Banning Crypto Mining Until March 6 to Save Power: Report
Banning
Crypto bill alleging banning private crypto was a “mistake,” ex-Indian minister says
In an interview held with News18, Subhash Garg, the former finance secretary of India, said that the news regarding India imposing a blanket ban on private crypto might be misleading considering the bill which has not yet been discussed in the parliament or has received any governmental input. Garg further stated that the proposed bill has not yet been discussed nor has it been … [Read more...] about Crypto bill alleging banning private crypto was a “mistake,” ex-Indian minister says
Banning cryptocurrencies to counter crime is a nonsensical excuse
Numerous governments are attempting to ban cryptocurrencies, with recent examples from China, India, Turkey and Nigeria. The reason for doing so is simple: The decentralized nature of cryptocurrencies poses a threat to the legacy financial system, and as the technology itself is still in its infancy, it seems to attract hackers. Even so, banning crypto will not dissuade hackers … [Read more...] about Banning cryptocurrencies to counter crime is a nonsensical excuse
The Netherlands should regulate crypto instead of banning it, says finance minister
A cryptocurrency ban is not the right solution for the Netherlands, the country’s finance minister reportedly said after a local official called for a total ban on crypto.The Netherlands should regulate the cryptocurrency market instead of prohibiting its citizens from using crypto entirely, Dutch minister of finance Wopke Hoekstra stated, according to a Friday report by local … [Read more...] about The Netherlands should regulate crypto instead of banning it, says finance minister
Banning Bitcoin is like rejecting the US dollar, entrepreneur warns India
An Indian cryptocurrency ban would have grave implications for the future of the country’s economy, and would result in currency devaluation “of the worst form,” says blockchain entrepreneur and HashCash CEO Raj Chowdry.Chowdry, also the managing director of the United States-based PayBito cryptocurrency exchange, said India’s rejection of Bitcoin (BTC) and other … [Read more...] about Banning Bitcoin is like rejecting the US dollar, entrepreneur warns India