Spokane city authorities have dealt a devastating blow to cryptocurrency ATM operators by enacting an outright ban on them across the city in a landmark ruling. The blanket prohibition, passed unanimously without a single vote against it. It is a bold move because it is the first time that the
An Australian financial adviser has been accused of stealing $9.6 million from clients to invest in a crypto scam, resulting in a ten-year ban. On June 11, the Australian Securities and Investments Commission informed about the scam through a statement mentioning that the accused, Glenda Maree Rogan, had shifted funds
The President of Bolivia, Luis Arce, has signed an executive order that mentions a ban on the use of crypto assets for energy purchases. This step has been taken to restrict assumptions revolving around cryptocurrencies and stablecoins on exchanges such as Binance. Bolivia has so far been active and has
Founder and former CEO of Binance, Changpeng Zhao is banned from Binance. The company has given him a lifetime suspension. Axiospro report states that he is forbidden to restrict him from returning to his leadership position at Binance. He is banned for life from the leadership under a deal with
Indonesia is considering banning Telegram due to allegations of spreading pornography and promoting online gambling. According to Demandsage data, Indonesia ranks as the third-largest country in terms of Telegram usage. Budi Arie Setiadi, Indonesia’s Minister of Communication and Informatics said that Telegram promised to improve content moderation following the government’s
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
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
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
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
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
