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”.
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
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)
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
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.
Bank Indonesia bans cryptocurrency as a payment method. Cryptocurrency not a legal instrument for payment in Indonesia. The whole cryptocurrency industry is facing many regulatory issues. The governor of the Indonesian Central Bank, Perry Warjiyo declared in the virtual seminar about the ban of cryptocurrency as a payment method or
