crypto ban

Indian government is rethinking crypto ban: The Economic Times

Reports are emerging that India’s government may be reconsidering its stance on cryptocurrencies with the formation of a new regulatory panel. A May 19 report in the Economic Times, cited three sources privy to discussion on the formation of a fresh panel of experts with a view to regulating cryptocurrency trading in India. The move …

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2 Turkish Crypto Exchanges Investigated for Fraud After Central Bank Bans Cryptocurrency Use for Payments

<div class=”featured_image_container”> </div> <strong>Two Turkish cryptocurrency exchanges are being investigated by the authorities in Turkey after they abruptly halted trading. The authorities have blocked access to the bank accounts of the second exchange and detained four people so far. Sixty-two people have been detained in connection with the first exchange whose CEO has fled the …

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Turkey Bans Cryptocurrency Use for Payments as Local Currency Plunges

<div class=”featured_image_container”> </div> <strong>The Central bank of the Republic of Turkey has issued a cryptocurrency regulation prohibiting the use of cryptocurrencies for payments of goods and services. From the end of this month, crypto assets cannot be used directly or indirectly as a means of payment in the country and no service can be provided …

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HSBC Changes Crypto Policy, Now Bars Clients From Buying Stock of Companies That Hold Bitcoin

<div class=”featured_image_container”> </div> <strong>HSBC has reportedly changed its policy regarding cryptocurrency. The bank now prohibits customers from buying the stock of public companies that hold bitcoin, like Microstrategy. All of the companies with bitcoin treasuries could be on the chopping block at HSBC.</strong> HSBC Now Bars Clients From Buying Crypto and Crypto-Related Stocks Like Microstrategy …

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Indian Government May Block IP Addresses of Crypto Exchanges

<div class=”featured_image_container”> </div> <strong>As the Indian government prepares to introduce the cryptocurrency bill, there are reports that it is considering blocking the IP addresses of cryptocurrency exchanges. Despite ban reports, many people in the Indian crypto community believe that the government will not impose an outright ban on cryptocurrencies, including bitcoin.</strong> Blocking IP Addresses of …

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No crypto ban in India: Finance Minister predicts “very calibrated” stance

Yet another “crypto ban” turns out to be temporary FUD. In an interview with CNBC this morning, Indian Finance Minister Nirmala Sitharaman said that reports of a blanket ban on cryptocurrencies are overstated. While negotiations are ongoing, she said she expects the end result to be more tempered: “Yes, a lot of negotiations, discussions are …

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Nigerian Central Bank Says Its Ban on Crypto Accounts Is Nothing New

The Central Bank of Nigeria (CBN) issued a five-page statement Sunday clarifying its position on cryptocurrencies after a regulatory warning to local banking institutions on Friday sent shockwaves through social media.  In Sunday’s statement, the CBN said Friday’s letter was only a reminder that cryptocurrencies were not legal tender in Nigeria, and was reiterating a …

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Binance Suspends Deposits in Nigeria Following Central Bank Directive

Binance has temporarily suspended deposits in Nigerian naira – the country’s local fiat currency – in response to a Friday letter from Nigeria’s central bank (CBN) instructing local banks to identify and close all accounts tied to cryptocurrency platforms or operations. The CBN letter told local banking institutions that dealing in cryptocurrencies or facilitating payments …

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Bolivia Essentially Banned Crypto but Blockchain Advocates Are Pushing Back

Earlier this year, Bolivian blockchain engineer Mario Blacutt – previously known in crypto circles only as “Berzeck” –finally felt safe enough to reveal his name and come out as the creator of a new blockchain network.  Blacutt let down his guard after the left-wing government that had banned crypto fell in November 2019, and its …

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Government Official Updates Progress of India’s Cryptocurrency Law

A government official has reportedly confirmed that a “note” regarding the legal framework for cryptocurrency in India has been forwarded to related ministries for inter-ministerial discussions. It would then be presented to the cabinet for approval. Status of Indian Crypto Bill India’s cryptocurrency bill is back in the limelight on Tuesday after Moneycontrol reported on …

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