Global Crypto Mining News ( July 26 to Aug 1）

WuBlockchain's newsletter, Global Mining News on Monday, China Crypto News on Tuesday, and sharing some high-quality articles.

POLICY

1.Iran’s electric utility issues warning about Chinese crypto miners

Iran Power Generation, Distribution and Transmission Company (Tavanir) has warned the Central Taskforce to Combat Smuggling of Goods and Foreign Currency about a possible flood of Chinese cryptominers in Iran, as the Beijing government continues its crackdown on miners of the digital currency.

2.Kyrgyzstan’s mining farm in private residence Raided; 118 BTC mining machines seized

A large illegal mining field hidden in private residential space was found in Central Asia’s Kyrgyzstan. Kyrgyz National Security Commission has raided the residence and confiscated 118 Bitcoin Mining machines hooked to the already diminishing energy resources of the nation.

INDUSTRY

1.JTS Moves Forward to Seize the Bitcoin Mining Business

2.BIT Mining Adds 2,500 Mining Rigs to Kazakhstan Operation

3.Bitcoin Miners Consider Relocating to Paraguay In Wake of China Ban

4.Greenidge Generation will use BTC mining profits to build solar farm

5. The Tax Code requires brokers to comply with IRS reporting requirements

Jake Chervinsky @jchervinsky

5/ The Tax Code requires brokers to comply with IRS reporting requirements. Most importantly, they have to give Form 1099s to their customers & file them with the IRS too. To fill out Form 1099s, brokers have to collect customer data including name, address, phone number, etc.

Twitter: https://twitter.com/WuBlockchain

Telegram: https://t.me/wublockchainenglish