Tag: ban

Crypto have been a source of controversy among individuals and nations ever since the entrance of Bitcoin into the financial market. One reason for this is anonymity, one of the bedrock behind the creation of the assets. The major reason is that illicit actors hide under this guise to carry out their malicious activities. These activities include scamming and hacking, which is centered...

It may be under appreciated just how badly the autocratic government of China blundered with bitcoin.The political and economic sun has been rising in the East over the past century with China playing an increasingly important role in global geopolitics. Despite this trend, I have long been skeptical of China’s centralized and autocratic governance structure, and 2021 could be a monumental year,...

Russia has increased its hash rate because of miners fleeing from China due to the country's ban against Bitcoin mining.Its been less than six months since China’s May 2021 crackdown on bitcoin mining, resulting in the greatest shakeup in the network’s history.According to Cambridge University’s Center for Alternative Finance (CFAF), since May, the US...

Top Crypto Exchange Huobi Global has said it will suspend all China-based user accounts later this year. The exchange said in an announcement on Sunday that it has discontinued account registration for new users in...

The Chinese ban of Bitcoin shows that the currency is delivering on its promises to enable freedom, something communism doesn’t appreciate.Today, news surfaced that China had issued a final and complete ban on Bitcoin. Harsh, it seems, right? Headlines of the likes of “...

The state agency responsible for power generation and distribution reportedly said restrictions on bitcoin mining would be lifted next month.The Ministry of Industries, Mining, and Trade will soon lift the restrictions on bitcoin mining imposed in May, reported the...

TikTok has updated their policy on branded content this week, and the social media giant is putting a halt to crypto influencers. The policy could have implications for creators whose content relies on the crypto and broader financial landscapes....

If the U.S. attempted to ban bitcoin, an endless digital game of whack-a-mole would ensue.In the world of media, “If it bleeds, it leads,” is still very much a fashionable trope. However, when it comes to Bitcoin, there’s a new trope in town: “If it misleads, it leads.”In a recent article for...

There are various aspects of the technology that make an outright ban on bitcoin unfeasible.“You’d have to shut down the internet.” Hester Peirce, Commissioner to the U.S. Securities and Exchange Commission (SEC) on implementing a Bitcoin ban.Although Bitcoin’s market capitalization has...

Inner Mongolia, which recently banned bitcoin mining, has established a hotline for reporting illegal operations.In an announcement published yesterday, the The Inner Mongolia Development and Reform Commission (DRC) revealed that it has set up a hotline for reporting illegal Bitcoin mining operations taking place in the region....

China has reportedly banned financial institutions and payment companies from offering Bitcoin service to clients.China has banned financial institutions and payments companies from offering Bitcoin services to clients, including registration, trading, clearing and settlement,...

Although they may seem threatening, bans on Bitcoin have never worked and will continue to be circumvented by the network.Worried About A Ban? Then You Need Bitcoin More Than You ThinkSkeptics often argue that governments will ban Bitcoin when it becomes too important and threatens national sovereignty. At least these critics understand Bitcoin’s importance and the power that state currency monopolies...

Nigerians have resorted to peer-to-peer trading after the Central Bank of Nigeria banned regulated institutions from dealing with bitcoin in February.Months after the Central Bank of Nigeria (CBN) released a letter banning regulated institutions from dealing with bitcoin in February, there has been a 27% increase in peer-to-peer (P2P)...

The Central Bank of the Republic of Turkey has instituted a ban on cryptocurrency payments, as its own fiat currency is devalued.Turkey has instituted a ban on all cryptocurrency payments as its own fiat currency, the lira, is failing. The ban is said to commence at the end of April. “Payment...

OKEx Korea released a statement on Tuesday saying customers must withdraw their fiat and crypto funds before Apr. 7, at which time the exchange will shut down permanently. OKEx Closure Part of a Wider Problem The exchange did not give a reason for the sudden closure. However,...