Legislation, enforcement, licensing, CBDCs and policy.
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The Abu Dhabi Agriculture and Food Safety Authority (AFSA) has imposed restrictive measures on farmers mining crypto. The United Arab Emirates(UAE) regulators noted that the crypto miners used agricultural land to mine digital assets. In its advisory report, the AFSA urged farmers to avoid turning their farms into crypto-mining sites. The regulators claimed that individuals
Kimberly Crain2 min read
Crypto mining farms can receive a fine up to 10,00 dirhams or $2722 in Abu Dhabi. The Abu Dhabi Agriculture authority for UAE issued a notification for advising farmers about prohibiting all sorts of crypto mining activities on the farming land. As per the reporters, the Agriculture and Food Safety Authority has notified farmers that
Hassan Mehmood (Saudi Arabia)Updated 3 min read
Kang Jong-Hyun: the founder and Bithumb chairman has been sent to jail for crimes ranging from taking advantage of the market to embezzlement, fraud, and mismanagement. Bithumb is the biggest cryptocurrency exchange in S. Korea and has existed since 2014, with over 8 million global users. Jong-Hyon was arrested on Thursday after a court in
Brenda Collins2 min read
Crypto exchange Kraken confirms the immediate shutdown of its US-based crypto staking-as-a-service operations. The shutdown will feature payment of a $30 million fine imposed by the US Securities and Exchange Commission (SEC) for offering unregistered securities. Constituent Kraken’s Firms Terminate the Staking Services The statement by the crypto exchange firm dated February 9 indicated that
Stephen Causby2 min read
Nasdaq-listed Coinbase Global Inc restructuring plans feature a 20% headcount reduction in an attempt to navigate the bear market. The American crypto exchange emphasizes that laying off 950 employees will minimize operational costs, thereby improving its operating efficiency amidst the prolonged bear market. Second Wave Layoff The January 10 announcement by Coinbase chief executive Brian
Stephen Causby2 min read
