Iran puts a temporary halt to crypto mining
Iran has banned crypto mining until March 6, in an effort to claw back over 800 megawatts of power generation that it can subsequently allocate for residential use.
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Iran has banned crypto mining until March 6, in an effort to claw back over 800 megawatts of power generation that it can subsequently allocate for residential use.
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Anyone found to participate in or promote cryptocurrency frauds online face up to five years in prison and US$272,000 in fines.
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Australian superannuation funds are warming to crypto as inflation leads them to look for investments that will beat the market.
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Turkey’s new cryptocurrency regulations have claimed their first victim, with Biance being fined the maximum – eight million Lira (US$750,000) by MASAK, the nation’s financial crimes investigators.
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Research from Chainalysis shows that the total cost of crypto scams hit US$7.7 billion in 2021, a massive 81 per cent increase on the previous year.
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