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Tag Archives: crypto ban

Pakistan Hints at Possible Ban of Crypto Trading

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up The nation of Pakistan has issued a warning that it’s going to look into potentially banning crypto. Will Pakistan End All Crypto Activity? The news came by way of Pakistan Minister of State for Finance and Revenue Aisha Ghaus Pasha, who said in a recent Senate session that his country has no interest in...

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The United States Might Need to Ban Crypto, Says Banking Committee Chief

U.S. Senator and chairman of the Senate Banking Committee, Sherrod Brown (D-OH), spoke on Sunday about what actions regulators need to take after the implosion of FTX.  He suggested that crypto may be something that “ought to be banned” if not for the risk of sending the industry offshore.  Banning Crypto Speaking with NBC’s Chuck Todd on Meet the Press, Brown agreed that Sam Bankman-Fried – FTX’s former and disgraced boss – used political favor and donations to create an...

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There’s Too Much Money and Power Behind Crypto to Ban It: Congressman Sherman

Congressman Brad Sherman, who represents California’s San Fernando Valley in the U.S. Congress, is a keen critic of the cryptocurrency industry. In his view, it undermines the dominance of the American dollar and is a threat to the country’s national security. However, Sherman does not believe the government can prohibit the asset class “anytime soon” since there is too much money and power behind it. Crypto Should Have Been Banned Years ago Unlike some other American...

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Afghan Authorities Shut Down at Least 16 Crypto Exchanges: Report

Afghan law enforcement agents reportedly closed at least 16 cryptocurrency platforms in the western province of Herat. The operation comes three months after the current Taliban government imposed a ban on digital asset trading activities. It is worth noting that the change in the political regime in Afghanistan last year caused economic uncertainty in the area. Interestingly, the instability prompted some locals to convert their fiat currencies into digital assets and...

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Ukrainian Central Bank Bans Bitcoin Purchases Using National Currency

The National Bank of Ukraine issued a statement on Thursday clarifying that cryptocurrency purchases using the native currency are temporarily banned. This is part of a wider effort to keep capital within the country’s borders while martial law is in place. Preventing ‘Quasi-Cash’ Transactions As the statement explained, assets that are directly convertible for cash or considered ‘quasi cash’ transactions can now only be bought with foreign currencies, at a limit of 100,000...

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Governor of Hungary’s Central Bank Calls for Bitcoin Mining and Trading Ban

The Central Bank of Hungary joined the growing number of central monetary entities believing that bitcoin trading and mining should be banned. Similar to most bashers, the organization’s Governor asserted that cryptocurrencies could facilitate illegal activities. In a press conference on February 11th, György Matolcsy, the current Governor of the Hungarian central bank, urged the country to implement a blatant ban on cryptocurrencies. He made a rather familiar argument as...

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Another Islamic Organization Issues Fatwa Against Cryptocurrencies in Indonesia

Tarjih Muhammadiyah is the third Islamic organization to issue a fatwa against the use of cryptocurrencies in Indonesia. Cryptocurrencies аnd Fatwas According to a report by CNBC Indonesia, the Tarjih Council and the Central Executive Tajdid of Muhammadiyah issued a new fatwa against cryptocurrency use, deeming it haram, or unlawful, for Muslims. The organization detailed two reasons behind the move. Firstly, it observed that digital assets such as Bitcoin are speculative and...

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Russia’s Central Bank Reportedly Proposes a Total Crypto Ban

The central banking institution of the largest country by landmass – the Bank of Russia – urged the local government to impose a blanket ban on all cryptocurrency endeavors on Russian territory. It argued that digital assets remind of a pyramid scheme, undermine the sovereignty of monetary policy, and threaten the local financial network. Russia Calls for a Crypto Ban Many Russian authorities do not classify as the most crypto-friendly politicians since they have repeatedly...

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