Russia Claims Second Spot in Largest Bitcoin Mining Hub After US
According to recent reports, Russia is now the second-largest country in the world for Bitcoin and cryptocurrency mining, with the United States continuing to hold the top spot. According to Kommersant, BitRiver, a company that provides colocation services for cryptocurrency mining operations, reported that the Russian Federation achieved a new milestone in the first quarter […]
Bank of Korea reportedly gets approval to investigate local crypto firms
Bank of Korea has been given the go-ahead to increase its scrutiny of cryptocurrency service operators and issuers. This also grants them access to crypto transaction data from exchanges operating in the country. The Korea Herald reported on April 20 that the Bank of Korea (BoK) would be authorized to examine operators of cryptocurrency-related enterprises. […]
US Treasury calls for stricter regulations for nonbank institutions
Following the recent crisis in the United States banking sector, the US Treasury and some prominent U.S. financial authorities have called for new rules to make it simpler for the Federal Reserve to identify nonbank institutions and supervise and control them. In remarks at the Financial Stability Oversight Council (FSOC) Council Meeting on April 21, […]