Bank of Russia Pushes to Introduce Liability for Illegal Use of Digital Assets

The monetary authority in Moscow, the Bank of Russia, wants those who use cryptocurrencies against the law to be held accountable. The financial regulator has proposed the introduction of legal liability for some operations with digital assets which it considers illegal. Central Bank of Russia Aims to Prevent Circulation of Decentralized Currencies Cryptocurrencies in the … Read moreBank of Russia Pushes to Introduce Liability for Illegal Use of Digital Assets

Indonesia’s Religious Leaders Declare Crypto Illegal for Muslims: Report

Muslims are forbidden from using crypto, Indonesia’s council of religious leaders has declared, Bloomberg reported on Thursday. Crypto is forbidden due to the elements of uncertainty and wagering, Indonesia’s authority on Shariah compliance, the National Ulema Council (MUI), announced following a hearing. Asrorun Niam Soleh, head of religious decrees, added that a crypto could be … Read moreIndonesia’s Religious Leaders Declare Crypto Illegal for Muslims: Report

Iran Continues Crackdown on Illegal Crypto Mining, Seizes Hundreds of Mining Rigs

Authorities in Iran persist with their efforts to curb unauthorized cryptocurrency mining. The state-run power distribution company has recently identified over a dozen underground crypto farms in Tehran and other regions, unplugging hundreds of mining units illegally connected to the grid. Power Utility Busts 14 Crypto Farms in Homes Across Iran The Iranian government continues … Read moreIran Continues Crackdown on Illegal Crypto Mining, Seizes Hundreds of Mining Rigs