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ECB Calls for Urgent Regulation of Stablecoins and Defi, Won’t Rule Out Bitcoin Mining Ban
14.7.2022
A new report by the European Central Bank (ECB), presented as a “deep dive into crypto financial risks,” calls for “appropriate” regulation and oversight of stablecoins and decentralized finance (defi). It also addresses the hot topic of Bitcoin’s carbon footprint...
REPORT: Binance allegedly continued to serve Iranian customers, despite ban and sanctions
11.7.2022
Iranian cryptocurrency users claim to have used global exchange Binance months after a company-imposed ban and renewed economic sanctions against the country
Binance ban off the cards, says Philippine trade and industry department
11.7.2022
The Philippine Department of Trade and Industry waved off a Binance ban proposal, citing a lack of regulatory stance on cryptocurrencies from the central bank
Russian State Duma Adopts Law Banning Payments With Digital Financial Assets
7.7.2022
The lower house of Russian parliament has adopted a law prohibiting the use of digital financial assets in payments. To implement the restriction, exchange operators have been obliged to reject transactions which make it possible to employ these assets as a means of payment. Russian Parliament...
Policy think tank asks Philippine government to ban Binance over promotions
7.7.2022
Binance responded to the letter saying that they take compliance seriously and are looking to secure licenses in the country
Report: Huobi to Start Layoffs That Could ‘Exceed 30%’ — Founder May Sell Stake in Company
3.7.2022
According to the Chinese journalist Colin Wu, otherwise known as “Wu Blockchain,” the cryptocurrency company Huobi may lay off 30% of the firm’s staff due to “a sharp drop in revenue.” Furthermore, the reporter claims that Huobi’s co-founder Leon Li...
Mining Ban Sparks Negative Reactions From Iran’s Crypto Community
27.6.2022
The recently reintroduced seasonal ban on cryptocurrency mining has provoked backlash from the local crypto community. This week, the country’s power distribution company ordered miners to suspend activities citing electricity shortages during the hot summer months. Restrictions on Crypto...
Wechat to Prohibit Accounts From Providing Some NFT and Crypto Services
22.6.2022
Tencent’s Wechat intends to impose penalties on public accounts facilitating secondary trading of NFTs, a press report has revealed. Accounts offering transaction channels and guidance for cryptocurrencies have also been targeted by the new rule. Popular Chinese App to Impose Restrictions...
Russian Ruble Taps 7-Year High Against the US Dollar — Economist Says ‘Don’t Ignore the Exchange Rate’
21.6.2022
Recent news reports have detailed that Russia’s fiat currency, the ruble, was the best-performing currency worldwide and the articles explained that American economists were perplexed by the trend. On Monday, the Russian ruble rose to 55.47 per dollar, which was the highest increase since...
China’s WeChat bans crypto and NFT-related accounts
21.6.2022
The policy also covers secondary NFT trading as the firm notes that “accounts that provide services or content related to the secondary transaction of digital collections shall also be dealt with.”
South Korean prosecutors ban Terra employees from exiting the country: report
20.6.2022
Employees of Terra have reportedly been prohibited to exit South Korea as investigations by the prosecutors continue
Bill to ban digital assets as payment passed the first reading in the Russian parliament
15.6.2022
The document bears several conceptual contradictions, trying to qualify security tokens as a monetary surrogate
NYC Mayor Eric Adams speaks out against PoW mining ban legislation
14.6.2022
The Mayor has been a proponent of the crypto industry and has now pledged support for sustainable Bitcoin miners by asking Governor Hochul to veto a two-year moratorium on mining
Russian Parliament to Review Bill Prohibiting Crypto Payments
13.6.2022
Legislation making it illegal to pay with cryptocurrencies has been filed with the State Duma, the lower house of Russia’s parliament. The sponsors of the bill want to task crypto platforms to prevent transactions that could facilitate payments with digital assets. Draft Law Banning Use...
Bitcoin miners say NY ban will be ineffective and 'isolate' the state
10.6.2022
Miners feel that the New York legislature’s efforts to get Bitcoin miners out of their state will backfire in the long run as other states invite miners to help improve their energy grid
New Law Will Ban Crypto Pay in Russia (Again) as Miners Struggle to Convince Central Bank to Legalize Industry
9.6.2022
Crypto advocates are still facing an uphill struggle in Russia – where MPs are expected to vote in favor of a proposal that will ban the use of “monetary surrogates” as a form of payment. And it appears that crypto miners are yet to persuade the influential Central Bank Governor Elvira...
Lithuania aims to tighten crypto regulation and ban anonymous accounts
9.6.2022
The country decided to act in advance of upcoming EU regulations that could effectively ban non-custodial wallets
Bill to ban digital assets as payment introduced in Russian parliament
8.6.2022
The legislation would oblige the DFA managers to withhold any deals, implicating the usage of crypto as a monetary surrogate
Outgoing French Lawmaker Calls for Fossil-Based Crypto Mining Ban, DAO Legal Status
8.6.2022
Europe needs to stop dithering and capture the crypto opportunity, Pierre Person says
New York Governor yet to commit to signing Bitcoin mining ban into law
8.6.2022
“We’ll be looking at all the bills very, very closely. We have a lot of work to do over the next six months,” said Governor Hochul