On March 15th, 2022 the Financial Monitoring Agency (FMA) of the Republic of Kazakhstan released a report that shows their progress on enforcing a ban for unregistered Bitcoin and cryptocurrency miners. Kazakhstan has been experiencing rolling blackouts since the beginning of the year and government agencies have taken steps to

When Bitcoin was announced as legal tender in El Salvador, thousands of Salvadorians eagerly downloaded the Chivo wallet furnished by the countries government. However, many users experienced challenges and the hyperbitcoinization dream was slowed. After several user complaints about the Chivo wallet, El Salvador reached out to Alpha Point, which

The country of El Salvador planned to launch Bitcoin backed bonds in just six months after making Bitcoin legal tender. The tentative timing for the launch of the bond was between March 15th and 20th, but according to the financial minister Alejandro Zelaya the launch may be delayed due to

The Markets in Crypto-Assets (MiCA) proposal was first introduced in 2020 to set clear regulations for Bitcoin and cryptocurrencies within the EU. On March 14th, 2022 the ECON committee voted 32 against and 24 in favor for a proof-of-work (PoW) mining ban. This latest development for the proposal has brought

Paris Member of Parliament Pierre Person announced on March 11th, 2022 that the updated MiCa proposal prohibiting the exchange of crypto-assets that require Proof-of-Work to execute transactions would be signed. The proposal would include banning networks like Bitcoin, Ethereum, and any other crypto-asset the parliament deems too “energy intensive”. The

The Financial Conduct Authority (FCA) in the United Kingdom issued a warning on March 11th, 2022 to Bitcoin and cryptocurrency ATM (CATM) owners that all of their kiosks must be registered with FCA and comply with UK Money Laundering Regulations (MLR).  In a statement, the FCA claims that none of

Yoon Suk-yeol, the conservative, crypto-positive candidate, has won the South Korean presidential election. During the campaign, he pledged to deregulate the crypto sector in South Korea, and even included the use of non-fungible tokens (NFTs) as a part of the campaign strategies from both parties.  In January, Suk-yeol declared that

On March 9th, 2022, U.S. Senators Bill Cassidy, M.D. (R-LA) and Marsha Blackburn (R-TN) introduced regulations for the Say No To Silk Road Act.  The Senators are anticipating the possibility that Russia will use the Chinese Communist Party’s (CCP) Digital Yuan in order to bypass payment systems