Search results for "STATE"
Today
09:46

Uzbekistan Establishes State-Backed Crypto Mining Zone with Tax Exemptions Until 2035

Uzbekistan launched the Besqala Mining Valley zone in Karakalpakstan with tax exemptions until 2035; miners must bank revenue in Uzbekistan and pay 1% monthly to the zone, with use of renewables allowed. Abstract: Uzbekistan established Besqala Mining Valley in Karakalpakstan as a state-backed crypto mining zone. It provides tax exemptions through 2035, requires miners to deposit all revenue in Uzbek banks, imposes a 1% monthly levy to zone authorities, and permits mining with renewables, hydrogen, and grid power.
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07:36

Russia's Lower House Passes Cryptocurrency Regulation Bill with Retail Investment Limits

Abstract: Russia's State Duma gave first reading to Bill No. 1194918-8, "On Digital Currency and Digital Rights," to establish a comprehensive regulatory framework for digital assets with Bank of Russia–supervised licensed intermediaries, a ban on unlicensed platforms by 2027, retail investment caps and tests, and a prohibition on using crypto for payments. Russia's Duma advanced a bill establishing a state-regulated crypto regime: licensed intermediaries under the Bank of Russia, July 2027 ban on unlicensed platforms, retail limits and liquidity tests, and a ban on payments with crypto.
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15:57

New York State Sues Two Major Crypto Exchanges for Alleged Violations of State Administrative Law

New York State filed lawsuits against two major crypto exchanges, alleging violations of its administrative law and noncompliance with the regulatory framework for digital asset trading platforms. Abstract: New York State filed lawsuits against two major crypto exchanges, alleging violations of its administrative law and noncompliance with the regulatory framework for digital asset trading platforms. The action signals intensified state oversight of crypto markets.
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