prohibition – DIGIT INFO

Singapore’s central bank slugs Three Arrows founders with 9-year ban

DIGIT — Thu, 14 Sep 2023 03:51:03 +0000

Three Arrows Capital founders Kyle Davies and Zhu Su are barred from regulated activities or acting as top execs at any financial firm in Singapore.

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Full Ban on Crypto in Russia Would Be Counterproductive, Rosfinmonitoring Says

DIGIT — Sun, 11 Dec 2022 06:30:50 +0000

Russian citizens and businesses already own cryptocurrencies, which is why a complete crypto ban would be counterproductive, according to a top executive of Rosfinmonitoring, Russia’s financial intelligence agency. At the same time, the regulator supports prohibiting payments with digital coins and their advertising. Rosfinmonitoring Backs Government’s Strategy to Strictly Regulate Cryptocurrencies in Russia The Federal […]

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Crypto Exchanges Must Comply With Russia Sanctions, Singapore Central Bank Says

DIGIT — Thu, 03 Nov 2022 06:30:43 +0000

The Monetary Authority of Singapore (MAS) has reiterated that cryptocurrency exchanges need to conform to restrictions on Russian users imposed over Moscow’s invasion of Ukraine. The reminder comes after researchers established that pro-Russia activists have raised millions of dollars in digital assets to support its war effort. Singapore Says Measures Targeting Russia Apply to All […]

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EU Bans Crypto Services for Russians in New Sanctions Over Ukraine Escalation

DIGIT — Fri, 07 Oct 2022 11:30:09 +0000

An array of crypto-related services have been targeted in the latest round of sanctions on Russia approved by the EU. The measures are part of an expected tightening of the economic and financial restrictions in response to Moscow’s decision to annex Ukrainian territories. EU Council Adopts Full Ban on Crypto Wallet and Custody Services for […]

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Latest EU Sanctions to Restrict Russians’ Access to Crypto Services in Europe, Report Unveils

DIGIT — Sat, 01 Oct 2022 06:30:08 +0000

New sanctions discussed by EU member states amid the current escalation of the conflict in Ukraine are going to restrict European crypto services for Russians. Reports about the tightening have come after earlier this year the Union banned only “high-value” crypto-asset services to Russian residents and companies. EU Expected to Target Crypto Services for Russians […]

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Crypto Economy’s Top Privacy Coins Take a Hit After US Government Banned Tornado Cash

DIGIT — Mon, 15 Aug 2022 18:00:58 +0000

Following the U.S. government prohibiting the use of the ethereum mixing service Tornado Cash, the crypto economy’s top privacy coins lost more than 8% in USD value the following evening after the ban announcement. The top privacy coins like monero and zcash managed to recover the losses two days later, but during the last 24 […]

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Putin Signs Law Prohibiting Payments With Digital Assets in Russia

DIGIT — Fri, 15 Jul 2022 14:00:33 +0000

President Vladimir Putin of Russia has signed into law a bill banning payments with digital financial assets. The legislation obliges exchange operators to refuse to process transactions facilitating the use of DFAs, a legal category currently covering cryptocurrencies, as “monetary surrogates.” President Putin Approves Legislation Banning Digital Asset Payments in Russian Federation Russian President Vladimir […]

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Russian State Duma Adopts Law Banning Payments With Digital Financial Assets

DIGIT — Thu, 07 Jul 2022 14:30:35 +0000

The lower house of Russian parliament has adopted a law prohibiting the use of digital financial assets in payments. To implement the restriction, exchange operators have been obliged to reject transactions which make it possible to employ these assets as a means of payment. Russian Parliament Approves Legislation Preventing Digital Financial Asset Payments The majority […]

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Wechat to Prohibit Accounts From Providing Some NFT and Crypto Services

DIGIT — Wed, 22 Jun 2022 14:00:41 +0000

Tencent’s Wechat intends to impose penalties on public accounts facilitating secondary trading of NFTs, a press report has revealed. Accounts offering transaction channels and guidance for cryptocurrencies have also been targeted by the new rule. Popular Chinese App to Impose Restrictions on NFT Trading Wechat, the instant messaging, social media, and mobile payment app developed […]

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Russian Parliament to Review Bill Prohibiting Crypto Payments

DIGIT — Mon, 13 Jun 2022 11:30:35 +0000

Legislation making it illegal to pay with cryptocurrencies has been filed with the State Duma, the lower house of Russia’s parliament. The sponsors of the bill want to task crypto platforms to prevent transactions that could facilitate payments with digital assets. Draft Law Banning Use of Cryptocurrency for Payments Submitted to Russian Parliament Russian lawmakers […]

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