Crypto ban News

Blockchain․com says it will close Russian-based crypto accounts on October 27th. This is due to the recent EU sanctions.

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.

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…

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…

MailChimp barred several crypto platforms from accessing its services in a crackdown on digital asset providers.

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…