Tag: bitcoin regulation

Oct 06 2022

Access To Crypto Exchange OKX Is Blocked In Russia – Here’s Why

Oct 06 2022 Published at Bitcoinist.com under tags  bitcoin regulation crypto news

The Russian government reportedly blacklisted OKX's IP address on Wednesday for possible illegal activity related to a violation of Article 15.3 of Russia's information law, reports said. According to Roskomnadzor, Russia's internet censorship regulator, the Seychelles-registered cryptocurrency exchange disclosed information associated with "financial pyramid activities." Roskomnadzor noted that the information includes...

Oct 05 2022

EU Agrees On Text Of Landmark Bitcoin, Crypto Bill MiCA: Report

The EU also plans to discuss crypto regulation with the U.S. in a IMF-World Bank meeting, following diplomats’ agreement on the bill’s text.The European Union (EU) has agreed on a legal framework for bitcoin and cryptocurrencies known as Markets in Crypto Asset Regulation (MiCA), per a report from...

Sep 20 2022

Four Stories From Argentina, Where Bitcoin And Crypto Rule The Land

In current-day Argentina inflation is no joke and prices change every day. That means it’s fertile ground for bitcoin and crypto adoption. “The central bank has warned repeatedly about the risk of investing in volatile digital currencies, and some adopters are taking it carefully,” says Reuters. Once in a blue moon, mainstream...

Sep 16 2022

White House Releases Bitcoin, Crypto Regulatory Framework

Following U.S. President Biden’s executive order, the White House published a framework for CBDC development and strict regulation of the ecosystem.The White House has published a legal framework for engaging with bitcoin and cryptocurrencies in the U.S. following a “whole of government” executive order (E.O.) from President Joe Biden earlier this year, per an...

Aug 30 2022

News From El Salvador, Late August: Preparing for Bitcoin Day’s 1st Anniversary

It’s hard to believe Bitcoin Day was only a year ago. Let’s go back to El Salvador in anticipation of that faithful day’s celebrations, you'll find that the country is booming with activity. This compilation of news has it all; from tourism to mining, from conferences to meetups. For a while there, the war with the gangs monopolized El Salvador-related headlines, but with...

Aug 21 2022

What Did US Lawmakers Ask Miners Core Scientific, Riot, Marathon & Stronghold?

The four biggest US-based mining operations - Core Scientific, Marathon Digital Holdings, Riot Blockchain, and Stronghold Digital Mining - got a letter from the House Committee On Energy and Commerce. The Committee wants to know about their energy usage and “how each company is mitigating those impacts and what steps are being taken to ensure their operations do not strain the energy grid...

Aug 01 2022

‘Bitcoin Valley’ Opens In Honduras Town In Hopes Of Attracting Tourists

Honduras has broken grounds for "Bitcoin Valley," a project in the country's booming town of Santa Lucia, in an effort to attract crypto investors from around the globe. Honduras is the most recent Central American nation to promote a municipality's use of cryptocurrency as a payment method. According to a report by Reuters, a variety of Santa Lucian companies now accept Bitcoin as...

Jul 18 2022

Bitcoin Trading And Mining Will Now Be Regulated In Paraguay

Bitcoin trading and mining will now be under the crosshair of the Paraguay government. Last month, the Chamber of Deputies of Paraguay endorsed a measure to regulate cryptocurrencies over opposition from the country's central bank. Bitcoinist reported that during a special session in May, deputies approved the modified crypto law draft by a vote of 40 to 12. Now, Paraguay is laying the...

Jul 16 2022

Bitcoin Gives Way To Ruble: Putin Signs Law Banning Crypto Payments In Russia

Bitcoin and other types of crypto has just been outlawed in Russia by no less than the commander in chief himself. A Russian legislative support system website said that on Saturday, Russian President Vladimir Putin approved a legislation setting immediate prohibitions on the use of digital financial assets as a payment method in the country. The mandate is the result of lengthy discussions...

Jul 15 2022

Indian Regulator Gets Rid Of Its Only Crypto Exchange Body – Bane Or Boon?

In the past, there was only one Indian regulator that campaigned for crypto and represented the sector before the people of India. Today, that very entity will no longer exist. Authorities in India are set to disband the Blockchain and Crypto Assets Council, a move seen as a blow to the digital currency industry. In a statement, the Internet and Mobile Association of...

Jul 11 2022

G20 Treasury Officials To Present 1st Global Crypto Regulations In October

The G20 has thus far restricted itself to merely keeping an eye on the cryptocurrency market, noting that it has found no compelling reason to strictly clamp down on the industry because it poses no "systemic risk." The Financial Stability Board, which is made of treasury officials and central bankers from the Group of 20 nations, announced on Monday that it would no...

Jul 08 2022

The New York Times’ Latest Attack On El Salvador And BTC Won’t Age Well, Pt. 1

The New York Times joined the rest of mainstream media in kicking bitcoin when it’s down. Even though the world’s economy is clearly in the red across the board, bitcoin deniers are having the time of their lives declaring bitcoin dead. That puts Nayib Bukele and El Salvador’s bitcoin bet in mainstream media’s sights. The title gives away The New York Times’ intentions...

Jun 09 2022

Crypto Industry Shows Some Love To New ‘Industry-Friendly’ Bill Regulating Digital Assets

As of this writing, the market capitalization of cryptocurrencies totals $1,7 trillion, comprised of around 18,140 cryptocurrencies and 460 exchanges. Approximately $90 billion worth of cryptocurrencies, namely Bitcoin and Ethereum, are traded every day. Given the magnitude of the market and the coming legislative thrust, it is important to assess the present status of the new bipartisan legislation introduced this week. The crypto...

Jun 06 2022

Ethiopian Central Bank: Business Transactions Using Bitcoin Are “Illegal”

The National Bank of Ethiopia issued a statement reminding its citizens that business transactions made with bitcoin and other cryptocurrencies are “illegal”.Ethiopia’s central bank issued a statement reminding its citizenry that business practices made with bitcoin are illegal.The National Bank of Ethiopia warned that “informal financial transactions” using BTC are used for “money laundering...

May 27 2022

Let’s Dissect McCormack’s “Follow The Money #1” Documentary, Pt. 3- Bukele

The spotlight is on Bukele for the final part of Peter McCormack’s documentary. Here’s the first part. Here’s the second one...

May 22 2022

Bitcoin And Retirement: U.S. House Bill To Include Crypto On 401(K) Plans

United States Rep. Byron Donalds has initiated a bill to the U.S. House of Representatives seeking to incorporate Bitcoin into every American home's 401(K) retirement plans. It's a novel and bold move as the bill also significantly boosts the Financial Freedom Act of 2022, which was also set in motion this month. The bill by...

May 12 2022

Advantage Bitcoin, Michael Saylor Predicts Big Shakeout

Microstrategy's Michael Saylor predicted a massive shakeout in the cryptocurrency market due to acceleration of regulation, which he said would be good for the Bitcoin community. It would be really best for Bitcoin if digital currencies, digital securities and digital properties are clearly defined with bright lines. "Regulation would eliminate confusion as Bitcoin is currently...

May 03 2022

Let’s Analyze The Actual Text From The Central African Republic’s Bitcoin Law

As it turns out, it’s a Bitcoin Law after all. The full text from the Central African Republic’s law that makes bitcoin legal tender is finally out, clearing all kinds of doubts and questions the world had. And creating new ones. Bitcoinist already told you most of...

Apr 28 2022

The Central African Republic Actually Adopted Bitcoin. What Else Do We Know?

Incredible. As it turns out, the Central African Republic is the second country in the world to adopt bitcoin as legal tender. An official press release from the president’s chief of staff, Obed Namsio, confirms the news. The document surfaced on the country’s...

Mar 30 2022

Ripple & Greenpeace Join Forces For Ridiculous Campaign To Change Bitcoin To PoS

Who’s Chris Larsen trying to fool? Even though the Chairman of Ripple claims that “the company is not involved in this campaign,” their latest PR stunt is as obvious as it gets. Another million-dollar attack on bitcoin, once again using the ESG angle and a set of...

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