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Category laos

Crypto Fraud Ring Dismantled by Vietnamese Authorities

Crypto Fraud Ring Dismantled by Vietnamese Authorities

Vietnamese authorities have reportedly dismantled a cross-border fraud ring involved in romance scams and fraudulent cryptocurrency schemes. Led by...
Crypto Mining Surge and Erratic Weather Strain Laos’ Power Grid

Crypto Mining Surge and Erratic Weather Strain Laos’ Power Grid

A report released on May 16 highlights how increased electricity consumption due to crypto mining and inconsistent rainfall have led to power short...
Heatwave and Debt: Laos Suspends Crypto Mining Operations Amid Rising Power Demands

Heatwave and Debt: Laos Suspends Crypto Mining Operations Amid Rising Power Demands

In recent developments, Electricite du Laos (EDL) announced on August 24 that the power company shut down cryptocurrency mining activities. This de...
10 Southeast Asian Nations Challenge Dollar Dominance With Push for Local Currencies

10 Southeast Asian Nations Challenge Dollar Dominance With Push for Local Currencies

The leaders of 10 Southeast Asian nations, members of the Association of Southeast Asian Nations (ASEAN), have agreed to “encourage the use of loca...
India to Facilitate International Settlements in Rupees to Reduce Dependence on the US Dollar

India to Facilitate International Settlements in Rupees to Reduce Dependence on the US Dollar

The government of India has announced that it will facilitate the settlement of international transactions using its national currency, the rupee. ...