A number of provincial governments are offering lower rates to attract bitcoin miners and Labrador’s government is considering energy incentives to attract “outstanding requests for service” from bitcoin data processors.
In a letter dated April 10, 2019, the New York State Department of Financial Services (NYDFS) rejected the cryptocurrency exchange's BitLicense application, a requirement for offering crypto-based services to New Yorkers.
China's state planning agency has added cryptocurrency mining to a list of industries it would like to eliminate. This may have dire consequences for the country's mining hardware giant Bitmain.
In its latest crypto ratings, the CCID proved that, yet again, its rankings aren’t worth paying attention to and are far from objective — at least, that’s one opinion.
The U.S. Securities and Exchange Commission (SEC) has published an investment contract framework for digital assets, which is intended to give crypto companies more specific guidance as to whether a cryptocurrency is a security.
The Pakistani government will now regulate local cryptocurrency firms under new legislation, reportedly based on recommendations from the international Financial Action Task Force.
The Bank of Mexico (Banxico) has published a circular, wherein it laid out a plan to issue permits to bitcoin exchange platforms and other crypto-related businesses operating in the country.
In this op ed, CoolBitX CEO Michael Ou argues that "anonymity contributes to cryptocurrency’s notorious volatility and makes it that much less likely that digital currencies will become stable stores of value."
The Canada Revenue Agency has apparently been specifically targeting bitcoin and crypto investors as part of its broader tax strategy to keep tabs on their cryptocurrency investments, including how they purchase these assets.
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