
The new crypto tax framework aims to regulate the market, but higher taxes may hinder growth and innovation in the digital asset space.

Authorities have fined a power provider in Irkutsk for leasing land to an unauthorised mining operation, highlighting the government's commitment to tackling illegal activities.

These changes aim to address energy concerns and combat financial crimes, but also raise questions about balancing regulation with the core principles of decentralisation and privacy in the blockchain space.

Through the M-Bridge project, which employs central bank digital currencies (CBDCs), China is aiding Russia in bypassing economic sanctions and diminishing the US dollar's global reserve status.