The Netherlands should regulate crypto instead of banning it, says finance minister
Dutch finance minister Wopke Hoekstra is confident that supervision is more effective than banning crypto outright. Go to Source Powered by WPeMatico
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Russian Court Bans Websites Explaining How to Trade Bitcoin
A court in Russia’s Perm region has decided to block a number of websites describing how to exchange cryptocurrency for fiat cash. Local prosecutors claim the dissemination of this type of information is against the law in Russia as it may facilitate the laundering of illicit funds. Kungur City Court Blocks Crypto-Related Sites The Kungur … Read more
Iran Seizes 3,000 Crypto Mining Devices in a Week
Authorities in Iran have confiscated 3,000 units of mining hardware in just one week as part of a push to curb illegal crypto mining amid power shortages and blackouts. In a single year, Iranian law enforcement has shut down over 180 crypto farms in Tehran Province alone. Over 500 Crypto Mining Rigs Confiscated in Tehran … Read more
South Korea moves to ban cross trading for crypto exchanges
South Korean crypto exchanges are groaning under a new proposal that will prevent them from converting trading fees to fiat currency. Go to Source Powered by WPeMatico
Chinese social media giant Weibo reportedly bans crypto-related accounts
The government doesn’t want a Chinese version of Elon Musk, an expert said. Go to Source Powered by WPeMatico
Tiger Brokers and Futu to Offer Crypto Trading Services Outside China
Two Chinese online brokerages have set out to enter the global crypto trading market. The platforms, Tiger Brokers and Futu, are planning to offer their services only outside the People’s Republic as Beijing is once again cracking down on bitcoin trading in the country. Major Chinese Online Brokers Dive Into Crypto Trading Beijing-based Tiger Brokers … Read more
Religious Ban on Cryptocurrencies Provokes Social Media Reproach in Ingushetia
A decision by a prominent religious body in Ingushetia to prohibit dealings with cryptocurrency has sparked controversy in the predominantly Muslim Russian republic. Critics have taken to social media to express their disagreements with the ban, pointing out that the treatment of bitcoin in Islamic jurisdictions is not one-sided. Islamic Cleric Explains Reasoning Behind Crypto … Read more
Crypto will ‘come to life’ in Nigeria, central bank governor says
Emefiele said the Nigerian government will do its best to prevent crypto from being used to finance illicit activities. Go to Source Powered by WPeMatico
Bitcoin mining banned in Iran until September
Iran’s government has placed an immediate embargo on Bitcoin and crypto mining to preserve electricity over the summer months. Go to Source Powered by WPeMatico
Shanghai Man: China’s annual ban explained, ‘crypto crash’ trending … and more
A breakdown of major regulatory announcements in China after latest warning, and a major event at the Shanghai Belagio for the blockchain scene Go to Source Powered by WPeMatico