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“On that point we believe that [the cap] has to respond to a cost structure so that it is viable for the installation of electric power supply,” Sosa said, adding that he wants mining companies to pay their tariffs in advance in U.S. dollars, with an annual readjustment in that
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"Bitcoin price action remains weak, with some volatility seen on both sides, which is typical in pauses between trend continuations," Joe DiPasquale, CEO of crypto asset manager BitBull Capital, wrote in an email to CoinDesk. "Currently, we expect BTC to see more downside action but we are also keenly watching
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On Wednesday, it was reported that the crypto hedge fund Three Arrows Capital (3AC) was liquidated by a British Virgin Islands court and following the alleged liquidation, the Monetary Authority of Singapore (MAS) has reprimanded 3AC for misleading regulators. Furthermore, reports claim that liquidators in Singapore are attempting to seize
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The European Council has reached an agreement to form an anti-money laundering body that will have the authority to supervise certain crypto asset service providers, or CASPs.In a Wednesday announcement, the council said it had agreed on a partial position of a proposal to launch a dedicated Anti-Money Laundering Authority,
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A soccer referee’s decision to toss a bitcoin before the start of a recent match between Istanbul giants Beşiktaş and Fenerbahçe has sparked controversy in Turkey. The country’s football authority is trying to establish why a crypto coin was used for the ritual when that role should have been reserved
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The Autorité des Marchés Financiers (AMF), France’s authority responsible for regulating the financial market, has granted Binance’s registration to provide crypto-related services in the country.In a Wednesday update, the AMF included Binance France SAS in its list of registered digital asset service providers in France. The registration was a step
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A bipartisan group of lawmakers in D.C. introduced an updated bill on April 28 to regulate cryptocurrency developers, dealers, exchanges, and stablecoin providers, bringing them under the regulatory control of the United States Commodity Futures Trading Commission (CFTC).The Digital Commodity Exchange Act of 2022 (DCEA) was re-introduced to Congress by
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Russia's Federal Tax Service (FTS) has joined the debate around crypto regulation in Russia with an unexpectedly blunt proposition — to let Russian companies use digital currencies as a payment method when transacting internationally.On April 20, local newspaper Izvestia reported that the FTS left its official feedback on the draft of
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The Singaporean government has approved legislation that will give the Monetary Authority of Singapore, or MAS, additional power to respond to crypto firms doing business outside the country.Records from the Parliament of Singapore show the government passed the Financial Services and Markets Bill on Tuesday following a second reading on
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The Colombian tax authority, DIAN, has reminded taxpayers that they need to start registering cryptocurrencies in their statements starting this year. The director of the DIAN, Lisandro Junco, reminded cryptocurrency users that this kind of asset is taxed as any other asset held by citizens. Colombia has already collected $1
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