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Article by Steve Kaaru

Zhejiang province hikes energy costs for miners as China doubles down on sector
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2 March, 2022

Zhejiang province hikes energy costs for miners as China doubles down on sector

Despite a countrywide ban on block reward mining, Zhejiang has become the latest province to implement an electricity hike for...
BitConnect founder indicted over $2.4B Ponzi scheme, faces 70 years in prison
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2 March, 2022

BitConnect founder indicted over $2.4B Ponzi scheme, faces 70 years in prison

A San Diego court charged Satish Kumbhani with wire fraud, conspiracy to commit commodity price manipulation, and international money laundering.
Japan’s largest bank winds down blockchain payments system over slow growth
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2 March, 2022

Japan’s largest bank winds down blockchain payments system over slow growth

The Mitsubishi UFJ Group announced the end of its Global Open Network, saying that it failed to live up to...
EU to give digital asset oversight to new AML regulatory body: report
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1 March, 2022

EU to give digital asset oversight to new AML regulatory body: report

Germany will lead the formation of the new body and it’s expected to start operations in 2024, including oversight over...
Amended China laws seek 10-year sentence for ICO fundraisers
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1 March, 2022

Amended China laws seek 10-year sentence for ICO fundraisers

China’s highest court has amended the country’s laws to impose harsher sentences on those that raise money through ICOs, including...
IMF: Nigeria’s eNaira could be used for terrorism financing, money laundering
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28 February, 2022

IMF: Nigeria’s eNaira could be used for terrorism financing, money laundering

The IMF says that eNaira could raise financial inclusion to meet the ambitious target of 95%, but says Nigeria must...

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