
Crypto ban News
Latest Crypto ban News

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Read more - Blockchain․com To Close Russian-based Crypto Accounts Following EU Sanctions
Blockchain․com says it will close Russian-based crypto accounts on October 27th. This is due to the recent EU sanctions.

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Read more - About Capital Now Controls Majority Shares In Huobi Global
Huobi Global, a Chinese giant exchange, revealed that the largest shareholder in the company has sold its entire shares to About Capital's buyout vehicle.

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Read more - EU Slaps Another Sanction on Russia, Barring Citizens’ Use of Crypto in Europe
Russia is under the spotlight again as the European Union (EU) governing council tightens its sanctions on the country. The latest development comes after Russia annexed four regions from Ukraine as part of its territory. EU Bans Russians From Holding…

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Read more - Beijing Lays Out a 2-Year Innovation and Development Strategy for the Metaverse
The Beijing Municipal Government has announced a 2-year metaverse innovation and development plan, which runs from 2022 to 2024. Accordingly, every district must follow the Web3 Innovation Plan proposed by the municipal government. Beijing Government Ready for Metaverse Adventure The…

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Read more - Email Service Provider, MailChimp Crackdown On Account of Crypto Firms
MailChimp barred several crypto platforms from accessing its services in a crackdown on digital asset providers.

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Read more - California Lifts Ban On Crypto Donations For Political Campaign
California has banned the use of cryptocurrency in campaign donations for the past four years. However, it seems the ban is about to be lifted to enable people to donate digital assets to politicians. California OKs New Guidelines for Campaign…

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Read more - Taiwan Plans To Stop Crypto Purchases Via Credit Cards
According to a recent report, Taiwan is getting ready to prohibit all credit card purchases of cryptocurrency from banks. The Financial Supervisory Commission (FSC), the nation’s financial watchdog, has directed credit card issuers to cease all transactions with digital asset…

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Read more - Chinese Court Declares All Salary Payments in USDT Stablecoin Illegal
A Chinese court has deemed the Tether USDT stablecoin unsuitable for salary payments following the nation’s blanket ban on all types of crypto transactions. China’s Cold Relationship with Cryptocurrencies China halted all kinds of cryptocurrency transactions last year, prompting its…

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Read more - WeChat Update Rules on Crypto Trading And NFT on Its Platform
The Chinese social media platform WeChat has added some new guidelines to its existing regulations for users of its platform. WeChat has previously suspended some users’ accounts alleged to be linked to NFT trading to avoid price speculation. Updated Rules…

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Read more - Thailand Outlaws Crypto as a Medium of Payment
In the quest to centralize and control the use of cryptocurrency in the country, the Securities and Exchange Commission (SEC) has placed a ban on cryptocurrency as a medium of payments in Thailand, effective from April 2022. Crypto Banned as…

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Read more - India’s Finance Minister Says Government Would Allow Citizens Experiment on Crypto
While uncertainties surround India’s cryptocurrency industry with rumors about an impending ban on crypto ownership, the country’s Finance Minister stated that the government was not going to block all options regarding cryptocurrency. To Ban Crypto or Not? Speaking in an…

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Read more - India Banning Cryptocurrencies Could Backtrack the Nation in Financial Innovation
India changed a banking ban on crypto trading in March 2020. The government has openly spoken about introducing its cryptocurrency while banning others in the unknown Crypto and Regulation of Official Digital Currency 2021 Bill. On Wednesday, Reserve Bank of…

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Read more - India’s Central Bank Cites Financial Instability Due to Cryptocurrencies
On Wednesday, Governor Shaktikanta Das said that India’s central bank has “major concerns” about cryptocurrencies. He flagged potential risks leading to financial stability. Crypto Adoption Woes The Reserve Bank of India (RBI) has been fundamentally opposed to cryptocurrencies ahead of…

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Read more - Report: India Prepares Bill To Ban Cryptocurrency; HODLers to Be Given Transition Period
An anonymous Indian official has said the country’s parliament will soon impose a blanket ban on crypto trading, mining, and investments in the country and give hodlers three-to-six months to liquidate. Yet Another Ban According to sources, the Cryptocurrency and…

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Read more - Russian Government Set to Impose Fines and Imprisonment for Illegal Crypto Activities
The crypto landscape in Russia may soon be facing harsh laws as authorities have proposed new draft bills that seek to fine and imprison the illegal use of cryptocurrencies in the country. Crypto Violations Attract $28,000 Fine and 7 Years…

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Read more - Qatar’s QFC Bans Crypto Trading Amid Rising Tensions in the Persian Gulf
Financial regulators in Qatar’s major business district have banned crypto trading and all forms of virtual currency activities in the business district. The move comes at a time of rising political tensions in the Gulf region following the U.S.-ordered assassination…