Tag Archives: crypto ban

The State Bank of Pakistan (the nation’s central banking institution) and the Federal government are reportedly contemplating imposing a complete ban on all cryptocurrency endeavors. The authorities claimed that digital assets are illegal, are not able to facilitate trade activities, and could be used to finance acts of terrorism and launder money. Pakistan to Ban Crypto? Last October, the Sindh High Court urged the Pakistani government to regulate the cryptocurrency space...

As a result of several police actions, the Kosovo authorities seized more than 300 cryptocurrency mining devices. According to the nation’s Minister of Energy and Economy, the seizure will save “tens of thousands of Euros per month.” Kosovo’s Ban Intensifies Similar to many other countries in Europe, Kosovo currently struggles with an energy crisis prompted by the sharp price increase of electricity. Attempting to curb consummation during the winter and eliminate power...

The Chinese government has gone out of its way on the crypto crackdown. Despite this, the industry has evolved tremendously and continues to capture the imagination of many. Joe Tsai, who happens to be the executive vice-chairman of the Chinese e-commerce behemoth, Alibaba Group, is the latest to share his feelings on Twitter in three simple words, saying – “I like crypto.” Tsai is Bullish on Crypto Joe Tsai’s latest comment on crypto has created a frenzy in the...

India is proposing a new bill that if passed, would see the combination of regulation and a ban in the crypto world. India Has a New Crypto Bill in Play The nation has had a rather up-and-down relationship with bitcoin and crypto. Roughly three years ago, India stated that it would not allow cryptocurrency or blockchain businesses to access standard financial tools like checking and savings accounts. It was widely – and incorrectly – reported that India was full-on...

The digital asset industry has marked an impressive year so far as many cryptocurrencies painted all-time high prices. Numerous experts and public figures showed their support, highlighting the merits of the asset class, while global institutions started diversifying their portfolios with bitcoin or some alternative coins. Yet, Charlie Munger – Warren Buffett’s right-hand man – reiterated his skepticism once again recently by indicating that the hype around them is “crazier...

Avinash Shekhar – Chief Executive Officer of the cryptocurrency exchange Zebpay – predicted that the Indian lawmakers are more likely to impose tough rules on the digital assets than prohibit their usage. The exec added that regulation in the sector is necessary as it could bring many innovators and multibillion-dollar companies. The Vibes Do Not Indicate for a Total Ban The cryptocurrency environment in India is controversial, to say the least. The authorities of the largest...

The Parliamentary Standing Committee on Finance in India has recently issued a statement saying that bitcoin and cryptocurrency must be regulated given that the digital currency and blockchain spaces “cannot be stopped.” India May Be Moving In the Right Direction This is a huge statement coming from an authority based in India given the country’s up-and-down relationship with what is arguably one of the largest and fastest-growing financial industries out there. India...

The British authorities have reportedly urged Transport for London (TfL) to stop allowing cryptocurrency ads on its infrastructure. The move comes after Floki Inu – a meme coin named after Elon Musk’s puppy – was advertised on the city’s underground stations, buses, and trains for the last couple of weeks. Crypto Ads Are ‘Unethical’ “Missed Doge? Get Floki” – this was the slogan that appeared on some of London’s underground stations at the end of last month. Promising to...

The National Ulema Council (MUI) has reportedly announced a ban on the use of crypto, citing Shariya law. Even as the Indonesian government has acknowledged crypto as a commodity, it still cannot be legalized under Islamic law. According to the reports, the head of religious decrees, Asrorun Niam Soleh, stated that the rejection ignites from the thesis that cryptocurrencies are riddled with “uncertainty, wagering, and harm.” However, the Chairman of the MUI’s Fatwa Commission...

Huobi Group will move its spot-trading operations to Gibraltar as The Financial Services Commission of the city-state has already greenlighted the initiative, according to a recent report. Gibraltar Caught The Attention of Huobi Following the total crypto ban imposed by the People’s Republic of China, many local companies started migrating their services outside the borders of the most populated country. Huobi Group – one of the leading Chinese digital asset exchanges – has...