#CryptoRegulation

Paraguay has taken the initiative to sell surplus hydro-energy to Bitcoin miners, boosting economic growth while balancing the need for regulatory oversight to effectively manage the sector. Paraguay has made a significant step in leveraging its abundant hydro-energy resources to support Bitcoin mining, aligning this move with its broader economic development strategy. The country’s decision…

Federal prosecutors in Manhattan have accused KuCoin, one of the globe’s largest crypto exchanges, of violating US anti-money laundering laws. KuCoin allegedly failed to adequately vet customers, resulting in the transfer of billions of dollars in illicit funds since its establishment in 2017. According to prosecutors, the Seychelles-based exchange actively sought business from US clients…