crypto ban – DIGIT INFO

China still controls 55% of Bitcoin hashrate despite crypto ban

DIGIT — Mon, 23 Sep 2024 14:18:12 +0000

China remains a major player in the Bitcoin mining industry despite imposing a blanket ban on cryptocurrencies in 2021

Chinese gov’t mulls anti-money laundering law to ‘monitor’ new fintech

DIGIT — Sat, 14 Sep 2024 22:01:09 +0000

According to the Chinese government, 1,391 individuals have been prosecuted on money laundering-related charges in the first half of 2024.

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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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Paraguay seizes 2,738 ASICs as power theft crackdown continues

DIGIT — Fri, 31 May 2024 20:05:25 +0000

Power-intensive crypto mining is controversial in Paraguay, where an attempt at crypto regulation was vetoed because of it.

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Chair of EU Parliament’s Committee on Budgets Calls for Crypto Ban Amid Banking Turmoil

DIGIT — Sun, 19 Mar 2023 07:00:46 +0000

A European lawmaker has urged authorities to impose a ban on cryptocurrencies citing the current crisis in the banking sector as a reason. Johan Van Overtveldt, former finance minister of Belgium, believes these assets bring no economic or social value. Belgium’s Ex-Finance Minister Suggests Ban on Decentralized Digital Currencies Member of the European Parliament, Johan […]

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Janet Yellen Says ‘Critical’ to Establish Strong Crypto Regulation — ‘We Haven’t Suggested Outright Banning’

DIGIT — Mon, 27 Feb 2023 03:00:13 +0000

U.S. Treasury Secretary Janet Yellen says “it is critical to put in place a strong regulatory framework” for crypto on the sidelines of the G20 meeting for finance ministers and central bank governors. “We haven’t suggested outright banning of crypto activities,” Yellen added. Janet Yellen on ‘Strong’ Crypto Regulation U.S. Treasury Secretary Janet Yellen talked […]

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Hong Kong’s crypto ambition gets subtle nod from Beijing: Report

DIGIT — Tue, 21 Feb 2023 06:04:58 +0000

While China has cracked down on cryptocurrencies in the mainland, it’s apparently taking a softer approach to Hong Kong’s crypto hub aspirations.

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Indian Finance Minister: Crypto Ban, Regulation Effective Only With Significant International Collaboration

DIGIT — Tue, 19 Jul 2022 13:00:01 +0000

India’s finance minister has informed parliament that the central bank, the Reserve Bank of India (RBI), wants cryptocurrencies to be prohibited. However, she noted that “any legislation for regulation or for banning can be effective only after significant international collaboration.” Indian Finance Minister on Crypto Ban and Regulation Indian Finance Minister Nirmala Sitharaman answered some […]

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China Backed Publication: Terra LUNA Crash Vindicates Country’s Ban on Crypto-Related Activities

DIGIT — Mon, 16 May 2022 20:00:47 +0000

An op-ed article published in the state-backed Chinese publication Economic Daily, has suggested that the recent crash of the Terra blockchain’s LUNA and the de-pegging of the UST stablecoin vindicate the Asian country’s decision to ban crypto-related activities. In the article, the author names the interest rate hikes by the U.S. Federal Reserve and the […]

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Nigeria upgrades CBDC as crypto restrictions cripple fintech industry

DIGIT — Tue, 10 May 2022 05:29:22 +0000

Nigeria’s central bank has upgraded its eNaira to steer the country away from crypto even after a UN report stated that restrictions on digital currencies are stifling the nation’s fintech sector.

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