Paraguay could be another safe haven for Chinese miners

Chinese miners are moving not only to Kazakhstan and the United States. Mining companies turned their attention to the state in South America as a testing ground for data centers. Persecuted by the authorities, Chinese (and not only) miners began to view the country with reserves of renewable hydropower as a destination for the placement of “green” mining farms. On which you can mine bitcoins and altcoins without harm to the environment. In June, it…

MAS Singapore has no plans to ban cryptocurrencies

MAS Singapore Managing Director Ravi Menon said the regulator would not ban cryptocurrencies as they could become a key factor in the country’s future development. Ravi Menon, head of the Monetary Authority of Singapore (MAS), sees great potential in the cryptocurrency industry. According to him, the regulator will not prohibit this asset class, but will prepare an appropriate regulatory framework for the effective regulation of cryptocurrencies. Menon also expressed his hope that Singapore could become…