Nigerian SEC Announces New Rules Governing Issuance of Digital Assets

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Post Views: 226 The Nigerian securities regulator has announced new rules that govern the issuing of digital assets. The new rules also include registration requirements for platforms that offer digital assets. The Nigerian Securities and Exchange Commission (SEC) has announced new rules that govern the issuing of digital assets as securities. The regulations also include…

Global Regulators Consider Launching a Joint Body to Coordinate Crypto Rules

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Post Views: 204 Global market regulators are likely to launch a joint body within the next year to better coordinate cryptocurrency regulations, said a top executive of the International Organization of Securities Commissions (IOSCO). Top executives at the International Organization of Securities Commissions (IOSCO) discussed cryptocurrency regulation this week. Members of the global organization regulate…

Germany Declares Crypto Gains Tax-Free After 1 Year — Even if Used for Staking, Lending

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Post Views: 210 The German Ministry of Finance has published a letter officially confirming that the sale of crypto assets is tax-free after one year even if the coins are used for staking and lending. The German Ministry of Finance announced Wednesday that it has published a letter on the income taxation of cryptocurrency, stating:…

Argentinian Senate Passes Bill That Would Tax Assets Held in Foreign Countries, Including Crypto

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Post Views: 210 The Argentinian Senate has approved a bill that would allow the government to tax non-declared assets held in foreign countries by citizens of the country. This includes stocks, properties, bonds, and even cryptocurrencies. The purpose of the legistlation would be to collect more funds to pay the $45 billion debt that Argentina…

Number of Busted Illegal Crypto Mining Farms in Iran Nears 7,000

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Post Views: 205 Authorities in Iran have shut down close to 7,000 unauthorized facilities for cryptocurrency mining in the past two years, local media revealed. According to a report, most of the illegal bitcoin farms were concentrated in five provinces of the Islamic Republic, including Tehran. Iranian officials have unplugged and disbanded a total of…

Despite the Low Price, Bitcoin’s Hashrate Remains Elevated as Difficulty Taps an All-Time High

Byalletec

Post Views: 196 Amid the Terra blockchain meltdown, Bitcoin’s hashrate has been well above the 200 exahash per second range, at 212 EH/s at the time of writing. Bitcoin’s hashpower has remained high after reaching an all-time high on May 02, at block height 734,577. Moreover, while bitcoin miners continue to search for blocks, the…