Kong insists that Canaan's decision to launch an IPO outside of China has nothing to do with the country's recent
bans on cryptocurrency mining and trading operations, but rather because the listing process takes too long.
Incidentally, the Russian Finance Ministry recently proposed
a ban on cryptocurrency mining.
After the residents of Plattsburgh, New York saw their electric bills skyrocket, the city passed an 18 - month
ban on cryptocurrency mining.
According to Russian sources who claim knowledge regarding the matter, the Russian Finance Ministry is considering implementing
a ban on cryptocurrency mining.
Not exact matches
Sources out of Russia have related that the Finance Ministry proposed adding a
ban on the
mining of
cryptocurrency to forthcoming legislation that would regulate digital assets and other features of the blockchain space.
The chairman of the National Bank of Kazakhstan told Sputnik News it is seeking an all - encompassing
ban on cryptocurrency exchanges and
mining.
Kazakhstan's National Bank likely to advise the government to impose a
ban on cryptocurrency trading and
mining in the nation.
Neil Wilson, a senior analyst at ETX Capital, said in an email
on Tuesday morning: «Bitcoin faces a regulatory crunch sooner or later and increasingly we see signs of this starting to bite following South Korea's tentative plans to
ban trading
on cryptocurrencies and China's move to shutter
mines.
The chairman of the National Bank of Kazakhstan told Sputnik News it is seeking an all - encompassing
ban on cryptocurrency exchanges and
mining.
The decision was made at the same meeting which Neowin reported about earlier in the week; the
ban on the
mining of other
cryptocurrencies is a new detail that has since emerged.
The company hasn't instigated a sweeping Facebook - style
ban on cryptocurrencies, instead adopting specific policies to find abusive advertisements related to the
mining phenomenon.
Bitcoin is up more than 8 % Wednesday morning, mirroring the broader
cryptocurrency market, after the South Korean government appeared to backpedal
on its reported plans to
ban crypto
mining and exchanges in the country.
The post Google
Banned Cryptocurrency Mining Browser Extension from the Chrome Store appeared first
on BTCMANAGER.
Now with murmurings of more severe pushback from Chinese regulators
on bitcoin
mining amid the power drain, including another blanket
ban amid «concerns of excessive electricity consumption and financial risk,» Canada has become the next most attractive option amid plentiful and cheap resources and frigid winters as well as a more supportive government
on cryptocurrencies.
China makes a similar move, cracking down
on cryptocurrencies by
banning the
mining of the most popular ones within China, citing energy waste and environmental concerns, but likewise fearing the risk of Bitcoin as a vehicle for capital flight.
While the Canadian government may have a friendlier stance
on bitcoin
mining versus China, the latter of which has
banned upcoming ICOs and
cryptocurrency exchanges altogether, Canada is no slam dunk.
China is walking
on two paths: it is the leading crypto
mining country in the world and has been vocal about
banning cryptocurrencies.
It meant a
ban on mining within the country but permission to purchase
cryptocurrencies to use them abroad.
Google has announced that it has updated its Chrome Web Store policy in order to implement a
ban on hidden
cryptocurrency background
mining scripts.