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Asian authorities stepping up crypto regulatory efforts

0xMain
March 20, 2023

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Asian financial authorities have begun stepping up on regulatory efforts aimed at effectively overseeing the crypto industry in their respective jurisdictions. Notably, Hong Kong and Taiwan have championed these efforts, as they look to bring crypto under greater scrutiny. Hong Kong to regulate...

US authorities to impose 30% electricity tax on crypto mining

0xMain
March 10, 2023

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The President Joe Biden administration has proposed imposing a 30% electricity tax on crypto mining operations in the United States. The move is attracting severe criticism from industry players. Despite the unfavorable market conditions and FUD that have plagued the web3 space since...

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Binance allegedly tried to evade US authorities, while offering Gensler advisory role

0xMain
March 6, 2023

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A recent report revealed that crypto exchange Binance allegedly maintained control over its American unit, which was said to operate independently from the international entity. Moreover, Binance reportedly courted Gary Gensler to be an adviser for the company long before Gensler became chairman of...

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US authorities to clampdown on natural gas-powered crypto miners

0xMain
March 3, 2023

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An agency under the US Interior Department’s Office of Inspector General has revealed that oil and gas firms in the country are diverting natural gas to fuel their crypto mining operations without paying federal royalties. Proof-of-work (PoW) based cryptocurrency miners using natural gas...