Category: crypto mining

Investment Fund Focused on Crypto Mining to Be Created in Russia

March 3, 2023 Caden

The establishment of Russia’s first mutual investment fund dedicated to financing cryptocurrency mining operations is underway. According to a report by the Russian press, it will be available to qualified investors and will finance the acquisition of coin minting equipment. Russian Crypto Mining Sector to Attract Shareholders Through Investment Fund Work has begun to set…

Bank of Russia, Crypto, crypto mining, Cryptocurrencies, Cryptocurrency, equipment, establishment, fund, Hardware, investment, investment fund, Mining, mutual fund, Regulations, rules, Russia, russian

New Mining Bill Permitting Cross-Border Crypto Payments Filed in Russian Parliament

October 29, 2022January 27, 2023 Caden

A draft law designed to regulate the mining of digital coins in Russia is also legalizing the use of cryptocurrencies in international settlements. It has been submitted to the Russian parliament after the rejection of an earlier bill which was aiming to allow domestic crypto payments as well. Draft Legislation on Crypto Mining Allows Russian…

bill, Crypto, crypto miners, crypto mining, crypto payments, Cryptocurrencies, Cryptocurrency, draft law, international settlements, Law, lawmakers, Legislation, legislative proposal, lower house, Miners, Mining, mining bill, parliament, Russia, russian, Sanctions, State Duma

Iran to Shut Down Crypto Mining Farms Amid Record High Power Demand

June 21, 2022January 27, 2023 Caden

Authorities in Iran plan to unplug licensed crypto mining facilities as electricity consumption in the country is reaching record highs. The mining farms will be cut off from the grid on Wednesday, the Islamic Republic’s Ministry of Energy announced. Legal Crypto Miners in Iran to Halt Operations Again Due to Electricity Shortages Authorized crypto mining…

blackouts, consumption, Crypto, crypto farms, crypto miners, crypto mining, Cryptocurrencies, Cryptocurrency, deficit, Demand, Electricity, Energy, Iran, Iranian, Miners, Mining, mining farms, power, restrictions, shortages, shutdowns