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Bitmain Faces Record Fine as China Tightens Scrutiny on "Greenwashing" Bitcoin Mining
Bitmain faces a $3.7 million fine in China for greenwashing claims in Bitcoin mining, signaling heightened scrutiny and stricter regulations on environmental compliance.
UAE Authority Targets Illegal Crypto Operations on Farms
UAE's capital imposes record AED 100,000 penalties on cryptocurrency mining operations misusing agricultural land, marking 900% fine increase as authorities prioritize food security over digital assets.
GameStop's Blockchain Chief Matt Finestone Departs from Company
Matt Finestone, head of the blockchain team of GameStop Corp, announced his departure after working 1.5 years at the company.
Russia Updates Regulations on Crypto Transactions, Harsh Fines Reserved for Defaulters
Russia’s Ministry of Finance has issued an amendment to its current cryptocurrency regulations. The amendments also come with stricter sanctions.
US Supreme Court Rules Against SEC’s Ability to Fine Crypto and Blockchain Firms
The US Supreme court has limited the amount in punitive fines that the US Securities and Exchange Commission (SEC) can impose on cryptocurrency and blockchain firms, in a historic ruling yesterday.