Bitcoin ban – DIGIT INFO

Bolivia reports 100% rise in virtual asset trading since lifting Bitcoin ban

DIGIT — Fri, 27 Sep 2024 14:38:55 +0000

The rise came immediately after Bolivia’s central bank lifted a 42-month ban on cryptocurrency payments, allowing financial entities to conduct transactions with digital assets.

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China’s crypto ban fails to stop scams as Shaanxi police arrest 4 suspects

DIGIT — Wed, 31 Jul 2024 09:38:32 +0000

Mainland China quickly and effectively addresses crypto fraud incidents despite banning crypto transactions a few years ago.

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Australia cracks down on online gambling with crypto, credit card ban

DIGIT — Tue, 11 Jun 2024 07:40:53 +0000

The government warned betting companies that failing to comply with the new rules could result in a fine of up to 234,750 Australian dollars ($155,000).

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European Union’s MiCA Proposal Progresses to Trilogue Stage Without Bitcoin Ban Provision

DIGIT — Sun, 27 Mar 2022 12:30:54 +0000

The Markets in Crypto Assets (MiCA) regulatory package passed another potential hurdle this week and is moving to the next stage of the EU’s legislative process. Proponents of a controversial text prohibiting proof-of-work (PoW) cryptocurrencies, which was recently dropped from the draft, did not take an opportunity to block the draft’s progress. EU Parliament, Commission […]

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EU Parliament Committee Votes Against Proof-of-Work Ban, Supports Alternative Amendment on Crypto Assets

DIGIT — Mon, 14 Mar 2022 19:00:21 +0000

European Parliament’s economic and monetary affairs committee has voted against banning proof-of-work-based assets for companies in the European Union. An alternative proposal on crypto assets by European Parliament member Stefan Berger receives support instead. Committee Rejects Proof-of-Work Ban The Committee on Economic and Monetary Affairs (ECON) voted on the proposed Markets in Crypto Assets (MiCA) […]

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MiCA Amendments Proposed Last Minute Revive Threat of EU Ban on Bitcoin, Report Reveals

DIGIT — Mon, 14 Mar 2022 06:30:33 +0000

Changes to the EU’s MiCA proposal to regulate crypto markets, suggested shortly before a vote on the package, indicate a bitcoin ban is still a possibility. Despite recently removing wording that would have prohibited coins with energy-intensive mining, some members of the European Parliament are now targeting “unsustainable” cryptocurrencies. New MiCA Paragraphs Call for Subjecting […]

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Tanzania central bank may rescind crypto ban after presidential endorsement

DIGIT — Fri, 25 Jun 2021 12:47:02 +0000

President Samia Suluhu Hassan’s positive stance on crypto could see Tanzania’s central bank reversing its previous cryptocurrency prohibition.

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India to reportedly ditch Bitcoin ban agenda in favor of asset classification

DIGIT — Thu, 10 Jun 2021 10:46:09 +0000

Indian state officials are reportedly no longer keen on banning Bitcoin and a crypto regulatory bill may be up for discussion during the Monsoon Session of Parliament.

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Hong Kong regulators set to ban retail Bitcoin trading

DIGIT — Fri, 21 May 2021 12:00:41 +0000

Only millionaires will be allowed to trade Bitcoin and cryptocurrencies in Hong Kong if the FSTB proposal is passed by the city’s legislature.

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2 Turkish Crypto Exchanges Investigated for Fraud After Central Bank Bans Cryptocurrency Use for Payments

DIGIT — Sun, 25 Apr 2021 21:30:33 +0000

Two Turkish cryptocurrency exchanges are being investigated by the authorities in Turkey after they abruptly halted trading. The authorities have blocked access to the bank accounts of the second exchange and detained four people so far. Sixty-two people have been detained in connection with the first exchange whose CEO has fled the country. Second Turkish […]

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