In simple terms, starting from 2024, Canadian authorities will impose more stringent rules on businesses dealing with cryptocurrencies. This was announced through Canada’s federal budget. Beginning April 16, the proposed budget unveils the implementation of the Crypto-Asset Reporting Framework (CARF), an accepted system by the Organization for Economic Co-operation and Development (OECD) since August 2022. … Read more
According to a recent report from Bybit, a leading cryptocurrency exchange, the approaching Bitcoin halving could significantly reduce the amount of Bitcoin available for trading on exchanges over the next nine months. This reduction in supply is expected to result from the halving event, which will decrease Bitcoin’s issuance rate by half, making the digital … Read more
Sen. Sherrod Brown, a Democrat and critic of cryptocurrencies, has indicated he could back legislation for stablecoins, suggesting possible advancement in the face of prolonged regulatory hurdles. Sen. Brown’s Support For Stablecoin Legislation Senator Sherrod Brown from Ohio’s Democratic party, who is known for his cautious views on cryptocurrencies, has indicated that he might back … Read more
Chinese cryptocurrency traders prosper despite China’s stringent bans on mining and digital money dealings. In 2020, China played a significant role in the Bitcoin mining scene, responsible for over 75% of the global Bitcoin hashrate. However, this changed drastically following the Chinese government’s crackdown on cryptocurrencies. Nowadays, with investors showing renewed interest in promising digital … Read more
Norwegian authorities aim to restrict cryptocurrency mining through a new law intended for data centers in the country. Based on a report from local news source VG, a new regulatory framework is proposed, requiring data centers to officially register and disclose details such as ownership and management, in addition to the types of services they … Read more