Crypto Exchange Zipmex Files for Two-Month Moratorium Extension
Troubled cryptocurrency exchange Zipmex has filed for a two-month extension to its moratorium agreement to the Singapore court, according to an announcement. Source
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Moratorium
Can Canada stay a crypto mining hub after Manitoba’s moratorium?
Canada has remained a peculiar regulatory alternative to the neighboring United States in regard to cryptocurrency. While its licensing process has become more stringent than in some countries, Canada was the first to approve direct crypto exchange-traded funds. State pension funds have invested in digital assets, and crypto mining firms
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British Columbia Imposes 18-Month Moratorium on New Crypto Mining Operations
This is the third Canadian province to limit the industry's growth as it looks to preserve capacity for communities. Source
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Canada’s Manitoba Province Enacts 18-Month Moratorium on New Crypto Mining: Reports
"We can't simply say, 'Well anyone can take whatever [energy] they want to take and we'll simply build dams'," Finance Minister Cameron Friesen, the minister responsible for the province's utility Manitoba Hydro, said on Monday, according to reports by CBC and CTV News Winnipeg. Source
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New York’s mayor seeks balance with regulators after PoW mining moratorium
New York City mayor Eric Adams is still focused on making New York a crypto hub, but he believes that goal can be combined with statewide efforts to curb environmental costs related to crypto mining, according to reports on Nov 25. The comments follow the new law signed by New York
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New York Imposes 2-Year Moratorium on New Proof of Work Mining After Gov. Hochul Signs Bill Into Law
The new law sets a two-year moratorium on new and renewed air permits for fossil fuel power plants used for energy-intensive proof-of-work (PoW) cryptocurrency mining. Original Source
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Zipmex gradually resuming Z Wallet withdrawals, says debt moratorium is not bankruptcy
Crypto exchange Zipmex, which operates in Thailand, Indonesia, Singapore and Australia, released a statement this week denying reports that it has filed for bankruptcy and announcing its progress in resuming withdrawals from its Z Wallets. Zipmex customers can withdraw Solana (SOL) from their wallets Tuesday and will be able to withdraw
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Troubled Crypto Lender Vauld Granted 3-Month Moratorium by Singapore High Court: Report
Asian crypto lender Vauld has been granted a three-month moratorium by the Singapore High Court to continue to explore its options. Original Source
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NY City Mayor Eric Adams Wants State's Governor to Veto 2-Year Moratorium on PoW Mining: Report
The city's pro-crypto mayor plans to ask Gov. Kathy Hochul to veto a mining bill that would stop Proof of Work mining for two years. Source
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New York AG Warns About Crypto Investments as Mining Moratorium May Come to New York
Letitia James, the New York Attorney General, has made several statements towards cryptocurrency investment on Friday, June 3. The AG released a statement commenting on the volatility of crypto assets and warned investors of the high-risk nature of investing in crypto, as seen in the crash of the UST stablecoin
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