Day: November 16, 2021

By Arnold Kirmi, China is considering imposing harsh penalties on state-owned firms that continue mining cryptocurrencies. China is pressuring its own state-owned businesses to cease mining cryptocurrencies, and the government is considering harsh penalties on firms that continue, including higher energy expenses. According to reports, Meng Wei, a spokesperson for the National Development and Reform Commission[…]

By Helen Partz, The Israeli government is now reportedly in the process of reviewing several crypto firms to issue operating licenses. Israel has reportedly enacted new regulations related to the cryptocurrency industry in order to combat illegal activities such a money laundering and terrorism financing. The government of Israel enforced new Anti-Money Laundering (AML) regulations[…]