Sat, May 18

Legal Experts Slam Florida’s CBDC Ban as Ineffective and Misguided

In a recent development, legal experts expressed worries over Florida’s move to outlaw central bank digital currency (CBDCs), questioning their usefulness and possible damage to the digital asset market. Despite Governor Ron DeSantis’s rhetoric that the restriction safeguards against government overreach and corporate surveillance, legal academics believe the bill fails

May 18, 2023 3 mins read

Texas Takes a Stand Against Central Bank Digital Currency (CBDC)

On May 12, Texas announced that they were introducing a bill to ban the Central Bank Digital Currency (CBDC) in their state by the 88th legislature. According to the draftees, CBDC is a bad idea. A Central Bank Digital Currency is the digital form of a country’s fiat currency. CBDC

May 13, 2023 1 min read

Charlie Munger Says US to Ban Crypto & Should Follow China’s Lead

In an opinion piece titled “Why America Should Ban Crypto,” which was published in the Wall Street Journal, Vice Chairman of Berkshire Hathaway Charlie Munger urged the American government to ban cryptocurrency. Murger stated: A cryptocurrency is not a currency, not a commodity, and not a security. Murger added that

February 3, 2023 1 min read

 Hurdle in the Path of Argentina Crypto Traders

The Argentinian government prohibits crypto buyers from purchasing dollars. The bank will sell dollars to those that have not purchased crypto for 90 days. A new set of regulations from the Argentinian Central Bank have an impact on individuals and companies who have invested in cryptocurrencies as a hedge against

July 25, 2022 1 min read

New York State Passes Bill Regarding BTC Mines Ban

BTC mines working on PoW are under the microscopic view of the NY State Senate. Mines are requested to change from fossil energy usage to renewable energy. The New York State passed a bill to ban Bitcoin (BTC) mining plants that run on energy obtained from fossil fuels. BTC and

June 3, 2022 2 mins read

UK’s Advertising Authority Says Floki Inu Ads Are “Irresponsibly Exploited”

The U.K Advertising Standards Authority (ASA) officially announced a ban on displaying the advertisements for the meme based crypto coin, Floki Inu. Further the main purpose of this ban is due to the content of the ads screened publicly.  Moreover, the ASA specifically states that the ads are “irresponsibly exploited”.

March 2, 2022 2 mins read

Indonesia Bans Financial Institution to Engage in Crypto Dealings

Indonesia had 7.2 million digital currency owners in 2021. Nahdlatul Ulama has declared Bitcoin haram. One of the world’s most influential digital currency centers has banned banking institutions from involving in digital currency. Amid increasing pressure from influential religious groups, Indonesia’s banking regulator has reaffirmed its prior warning against the

February 1, 2022 1 min read

PaxForex Inflicts Permanent Trading Ban and Penalty

Lately, there have been many regulation issues popping up in some countries. Few countries have imposed strong laws for regulations on crypto trading and exchange platforms. Likewise, the CFTC has announced that the US federal court has imposed a penalty against a forex broker. The Commodity Futures Trading Commission (CFTC)

July 10, 2021 2 mins read

Iranian Regulators Plans to Ban Bitcoin as Payment

Iranian Regulators plan to set up their own cryptocurrency as it plans to ban Bitcoin and other cryptocurrencies as a medium of payment inside the country. The Iranian parliament  proposed a regulation against the cryptocurrency usage within the country.  Ban of Bitcoin as a Payment Option  On July 2nd, Iranian

July 4, 2021 2 mins read

Mexico Bans Crypto in the Financial System

Mexican official recapitulates a ban on the use of cryptocurrencies. Herrara stated that cryptocurrencies are not legal tender belongings. Three entities  iterated the warning they issued in 2014, 2017 and 2019. On Monday a topmost Mexican official recapitulates a ban on the use of cryptocurrencies in the country’s financial system.

June 30, 2021 2 mins read