Wednesday, September 22, 2021
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Iran Shuts Down More Illegal Crypto Farms, Bringing Total to Over 5,300 – Mining Bitcoin News

Authorities in Iran are continuing their crackdown on unauthorized cryptocurrency mining as electricity demand remains high. The country’s power utility company has so far closed down more than 5,300 illegal mining facilities, seizing an enormous amount of coin-minting machines. Power Utility Confiscates More Than 216,000 Mining Units From Unlicensed Miners

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Crypto Trading, Mining Are Illegal and Punishable, Nepal Central Bank Warns – Regulation Bitcoin News

Mining and trading of cryptocurrencies are illegal in Nepal, the country’s central bank has reminded citizens of the Himalayan nation. The regulator also warned that participating in such activities would entail penalties as per the current legislation. Despite its position, however, the Nepalese have continued to invest in bitcoin, media

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Iranian Ministry of Industries Denies Power Shortages Are Caused by Illegal Crypto Miners – Mining Bitcoin News

Iran’s Ministry of Industries, Mining and Trade has rejected claims blaming illegal cryptocurrency miners for the continuing electricity shortages in the country. The department believes the state-run utility company, Tavanir, has overestimated their role in the power deficit. Illegal Miners Burn Less Energy Than Tavanir Estimates, Ministry of Industries Says An

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People’s Bank of China in Shenzhen ‘cleans up’ illegal crypto firms

The Shenzhen branch of the People’s Bank of China is taking a hardline approach to cryptocurrency-related activities deemed illegal. According to a report from state-run Shanghai Securities News yesterday, the branch has recently “cleaned up and rectified” 11 new companies suspected of engaging in illicit crypto trading.The report did not

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Ukraine’s Security Service Closes Illegal Cryptocurrency Exchanges

Ukrainian authorities have allegedly reported that cryptocurrency exchanges are involved in illicit financial activities, including money laundering. Ukraine’s Security Service, known as SBU, has closed down various crypto exchanges reported to have transacted illegally since early 2021. The SBU, in a Wednesday statement, referred to cryptocurrency exchanges as the network of ‘clandestine’-

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Ukraine’s state security shuts down illegal crypto exchanges

Security Service of Ukraine (SBU) has shut down several crypto exchanges reportedly involved in illegal financial transactions since the start of 2021.According to a statement by the SBU on Wednesday, the network of “clandestine cryptocurrency exchanges” were based in the country’s capital Kyiv and collectively processed a monthly turnover of

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AMZN Stock Down 1%, Amazon Wins Appeal against EU, Commission Could Not Prove Illegal Tax Advantage

Amazon shares have seen a steady decline. AMZN stock has dropped more than 1% year-to-date and declined 1.17% in the last three months.E-commerce company Amazon.com Inc (NASDAQ: AMZN) has eventually won the legal battle against the European Commission (EU) regarding the payback of $303 million in taxes. Now, Amazon will

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