archiveban

Chinese search giant Baidu seeks to ban and censor cryptocurrency-related activities on its forum. The search giant is reportedly seeking to ban and censor topics that discuss cryptocurrency-related activities on Baidu Tieba, Baidu's Reddit-alike forum platform, local news outlet China Times reports Sunday, August 26. The report said, citing an...

WeChat, the most widely used social media platform in China with over a billion users developed by Tencent, has reportedly blocked many blockchain and crypto related accounts, local news outlet Lanjinger reports on August 21. The financial news outlet quotes a WeChat official as saying that some crypto related accounts...

Google has banned cryptocurrency mining apps from the Android Play Store. The move by Google follows Apple's move of banning cryptocurrency-mining apps in the iOS App Store and Mac App Store. The policy of Google is similar to Apple's policy which still allows mining if the processing happens in the...

Cryptocurrency issue has been trending in India especially after the release of 2018 Budget which indirectly indicated that cryptocurrency is not a valid legal tender and is illegal in India. Various crypto exchanges, since April, have been disappointed with the Reserve Bank of India (RBI) and have approached India's top...

Brad Sherman, a U.S. lawmaker, has called for a blanket ban on cryptocurrency buying. Congressman Brad Sherman has previously also given controversial statements on the crypto subject. In March this year, he called cryptocurrencies "a crock". Now on Wednesday, during the hearing of a subcommittee for the House of Representatives...

Bank of Queensland, one of the oldest and the most prestigious financial institutions of Australia, has banned the use of home equity loans for digital currency speculation. It has prohibited its customers from using loans that are leveraged against home equity for the purposes of crypto speculation. The step taken...

China’s Central Bank celebrates the highly publicised crypto ban as a huge success. This ban put into effect since September 2017,  has reduced the involvement of Chinese currency in the crypto market to less than one percent. This information was published by Xinhua, the state-run press agency. For a long...

A recent analysis report published by the European Parliament advises policymakers and regulators against banning cryptocurrencies. It discusses how cryptocurrencies should be treated and their potential impact on existing financial systems. The document entitled “Virtual currencies and central banks’ monetary policy: challenges ahead” co-authored by Lukasz Janikowski and Marek Dabrowski,...

Recently Facebook lifted its ban on crypto-related ads realizing the growing interest in cryptocurrencies and also considering the fact that the revenue from crypto-related businesses is potentially huge. The initial ban was imposed on 30 January 2018. Facebook updated its ads policy at the end of January 2018 in which it...

Zebpay today at 1:29 PM sent out an important announcement in light of the recent Reserve Bank of India circular, dated April 6th, on ‘Prohibition on dealing in Virtual Currencies’. Zebpay is a Bitcoin wallet provider with its headquarters in Singapore and IT office in Ahmedabad, Gujrat, India. In the announcement, Zebpay...

According to a Reuters report, the Central Bank of Iran has banned the banks and other financial institutions in the country from dealing in cryptocurrencies. The bank cited money-laundering concerns to be the prime reason behind this decision. According to IRNA, a state-run news agency: "Banks and credit institutions and...

The Deputy Governor of RBI, BP Kanungo, just announced officially that all the services dealing with cryptocurrencies will be banned with immediate effect. So essentially none of the entities regulated by RBI would be able to provide services related to cryptocurrencies to customers. Almost all of the banks in India are...