In the past, the Irish Central Bank has been critical of crypto and digital assets. Ireland's Central Bank governor, Gabriel Makhlouf, has now urged lawmakers to ban crypto advertisements. According to the Ireland Central Bank, cryptocurrency advertisements are directed towards young...
Despite holding off to date, a Bitcoin ban by the EU could be on the horizon. But Bitcoin doesn’t ask for permission.This is an opinion article by Guglielmo Cecero, the legal manager of European bitcoin investment app Relai, and Raphael Schoen, the content lead at Relai.Bitcoin is under attack. It is increasingly seen as a “...
Bitcoin educators will become targets of government oppression as they seek to keep the masses on the fiat plantation.This is an opinion editorial by Robert Hall, a content creator and small business owner.According to news reports, a well-known Iranian Bitcoin advocate Ziya Sadr was arrested in...
Because of a major lack of energy, the government of Moldova has decided to stop crypto mining in the country. The move is part of an emergency plan to cut power use because energy supplies are running low because of the growing conflict in Ukraine. To save power, the government of Moldova bans Bitcoin mining […] The post Moldova Bans...
The European Union has announced its eighth sanction package against Russia including a complete ban on Russia-originated payments into crypto wallets in Europe.
In April, the political bloc had capped crypto payments from Russia into wallets in the region at...
Comments from a prominent anti-crypto crusader on Capitol Hill have signaled that even the most ardent hardliners can soften their positions based on the nature of circumstances. Money and Power...
A report from Cambridge exploring bitcoin mining shows the U.S. as the dominant global player and China in second despite the country’s ban last year.New data from Cambridge details a portrait for the global hash rate of bitcoin mining. The U.S. is solidifying its position as the global leader with 37.84% of the global hash rate. China surged to almost 22% following...
A bill banning bitcoin mining, authored by the communist party in Norway, was struck down by a majority vote in the Norwegian parliament.A bill seeking to ban energy intensive mining for cryptocurrencies like bitcoin was struck down by the Norwegian parliament on May 10. The communist Red Party who authored the bill was supported by both the Green Party and Socialist Left...
The ban comes just a few days after Argentina’s largest private bank announced it would start offering bitcoin to clients.The central bank of Argentina has banned financial institutions from offering any services involving cryptocurrencies like bitcoin. The ban comes days after the largest private bank in Argentina announced it would begin offering such services to its clients. An...
Bitcoiners and politicians come together in Albany, New York to speak out against a proposed ban on proof-of-work mining and to keep industry jobs in the state.“This (Bitcoin) isn’t going to stop. Crypto mining may move somewhere where there is little or no concern for the environment.” –Ken Pokalsky, Vice-President of The Business Council of New York StatePokalsky’s words echoed...
The Treasury department announced sanctions against companies and individuals who enable fiat payments or infrastructure for bitcoin mining in Russia.The U.S Treasury is applying sanctions against bitcoin mining in Russia. The sanctions seek to impede the capacity for individuals to receive fiat payments, as well as computer hardware by applying pressure on the supply chain and payment...
Russia’s Federal Tax Service proposed a change to the “On Digital Currency” legislation allowing entities to accept bitcoin as payment in foreign trade.The Russian Federal Tax Service has made a suggestion for the bill “On Digital Currency,” proposing that entities be allowed to engage in foreign trade using bitcoin and crypto.This recommendation comes after the Ministry of Finance submitted a...
The crackdown on crypto continues in China as popular social media platform WeChat banned a number of user accounts linked with NFT promotion WeChat said it suspended the accounts after receiving reports from other users The platform maintained that it does not support the resale of digital collectibles Local news house South China Morning Post reported that WeChat, a social app owned by...
The Securities and Exchange Commission of Thailand announced a ban preventing businesses from receiving cryptocurrencies as payment.In accordance with the central Bank of Thailand, the Securities and Exchange Commission announced a ban preventing business operators from accepting cryptocurrencies as a “Means of Payment” for their products or services.The ban will not prevent investing or...
The proposal, while shot down, is an example of growing misdirection in regulatory stances.In February 2022 the Markets in Crypto Assets (MiCA) legislation proposed a ban of proof-of-work (PoW) currencies within the European Union which would include bitcoin. During the process of me writing this letter the proposal has been scrapped indefinitely due to a strong backlash. I do however believe that...
UK's Financial Conduct Authority (FCA) said on Friday that all crypto ATMs operating in the country were doing so illegally, and ordered operators to immediately shut them down. Britain's top financial regulator said operators needed to comply with UK money laundering regulations, and that none had done so. The regulator said the ATMs, which allow...
The European Union will vote on passing a key cryptocurrency law next week, with a widely-criticized ban on proof-of-work tokens to no longer be considered. Member of Parliament Stefan Berger tweeted that the Economic and Monetary Affairs Committee (ECON) will vote on the bill on March 14. The proposal, called Markets in Crypto Assets, or...
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