SBI Crypto ceased operations of its Bitcoin mining pool in Japan on July 31, following a 64% drop in its seven-day average hashrate. This shutdown led to a temporary shift in block attribution, with Foundry USA, AntPool, and F2Pool collectively holding 60% of recent blocks, though the full impact remains unmeasured.
India's central bank is reportedly urging lawmakers to keep banks insulated from crypto and private stablecoins, while allowing for regulated tokenization. The RBI recommended preventing crypto use in payments and settlements and restricting banking exposure, warning that traditional regulation could legitimize speculative assets.
SBI Crypto, a division of Japan's SBI, will close its Bitcoin mining pool on July 31 after five years, without providing a reason. This move signals SBI's broader shift towards other cryptocurrency strategies, including acquiring a crypto exchange and focusing on stablecoins.
