Iran and Russia Exploring CBDC and DFA Trade Solutions

by Александр Пирогов | May 3, 2024 | Blog News

Iranian and Russian officials have confirmed their collaboration on central bank digital currencies (CBDCs) and digital financial assets (DFAs) to facilitate trade between the two nations. Rahimi Mohsen, the trade attaché of the Iranian Embassy in Russia, highlighted...

Arkansas Passes Bills Regulating Crypto Mining Activities

by Александр Пирогов | May 2, 2024 | Blog News

The Arkansas House of Representatives has approved Senate Bills 78 and 79, which aim to regulate cryptocurrency mining activities in the state. Senate Bill 78 introduces noise limits, regulates water usage for cooling, prohibits foreign ownership of mining operations,...

US Justice Department Targets Self-Custody Crypto Wallet Developers

by Александр Пирогов | May 2, 2024 | Blog News

The US Justice Department has initiated legal actions against developers and operators of self-custody cryptocurrency wallets, including Samourai Wallet and Tornado Cash. Samourai Wallet founders Keonne Rodriguez and William Lonergan were arrested, accused of...

Hong Kong’s ZA Bank Explores Virtual Asset Services Amid Regulatory Changes

by Александр Пирогов | May 2, 2024 | Blog News

Hong Kong’s ZA Bank, a subsidiary of China’s ZhongAn Online P&C Insurance, is considering entering the virtual asset market following the implementation of new regulations for digital assets in the region. These regulations, established last year,...

Bipartisan Lawmakers Introduce Providing Tax Clarity for Digital Assets Act

by Александр Пирогов | May 2, 2024 | Blog News

Two U.S. lawmakers, Representatives Drew Ferguson and Wiley Nickel, have proposed the Providing Tax Clarity for Digital Assets Act to address taxation issues concerning block rewards earned by crypto miners. The bill seeks to clarify the tax treatment of staking...

SEC Initiates Legal Action Against Geosyn Mining and Co-Founders for Alleged Fraud

by Александр Пирогов | Apr 26, 2024 | Blog News

The United States Securities and Exchange Commission (SEC) has filed a lawsuit against Geosyn Mining and its co-founders, Caleb Joseph Ward and Jeremy George McNutt, accusing them of fraudulent activities. The lawsuit, filed on April 24 in a federal court in Fort...