Dagestan, a republic in Russia, is stepping up efforts to tackle illegal cryptocurrency mining due to its impact on the power grid and public safety. Underground mining operations have caused recent infrastructure damage, including a substation fire. Officials call for stricter measures to address these issues as miners bypass regulations. Dagestan Cracks Down on Illegal…
September 14, 2024 at 01:15 AM GST updated: September 14, 2024 at 01:00 AM 2 mins read News UK High Court designates Tether’s USDT as property, paving the way for digital assets under English law. Farnhill rules USDT as property; D’Aloia’s fraud case prompts landmark decision on cryptocurrency tracing. Legal precedent set as UK court…
House Financial Services Subcommittee Chairman French Hill emphasized the need to understand decentralized finance technologies during a hearing. He criticized the Biden administration’s regulatory approach and urged Congress to keep discussions open on supporting defi innovation. Hill noted that current regulatory frameworks were created for a system reliant on centralized intermediaries, not the decentralized, peer-to-peer…