Kyrgyzstan’s President, Sadyr Japarov, approved the construction of a $20 million cryptocurrency mining farm at a hydroelectric power plant to curb energy losses from non-utilized power. The project, intending to repurpose wasted energy, has raised environmental and regulatory concerns, leaving the future of blockchain in Kyrgyzstan delicately poised between innovation and sustainability.
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Unleashing the Legal Maelstrom: Crypto, Global Adoption and Regulatory Upheaval
“Crypto platform, Binance, moved to dismiss a lawsuit by the US Commodity Futures Trading Commission (CFTC), challenging its jurisdiction over non-US entities. Meanwhile, the US Senate sanctioned the 2024 National Defense Authorization Act, targeting crypto mixers, trading bodies, and ‘anonymity-enhancing’ coins.”