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
South Korea emerged to be one of the largest crypto markets across the world, having a majority of the traders from the country. It’s not new for the country to make headlines several times for updates related to the crypto industry. As per the latest news from local agency Naver
After a series of crypto scam events, Cambodia has finally decided to block access to 16 crypto exchange platforms in the country. However, the Cambodia crypto ban only applies to the exchange websites and not their applications. This clearly shows the Cambodian government’s struggle to manage the booming crypto market
One of the largest cryptocurrency exchanges, Binance was banned in Venezuela due to the presidential disputes. In the past few weeks, the nation has banned several prominent platforms including Elon Musk founded X. The Binance ban occurred on Friday, following which the anti-censorship organization, “VE sin Filtro” reported it on
After 4 years, the Central Bank in Bolivia has officially reversed its 2020 ban on Bitcoin and other cryptocurrencies. The Central Bank of Bolivia (BCB) announced on June 26 that it permits financial institutions to engage in cryptocurrency transactions via authorized electronic channels, line up with neighboring Argentina’s more permissive
For the upcoming National Cricket Team’s sponsorship, the Board of Control for Cricket in India (BCCI) has banned certain platforms for its lead. Such platforms include cryptocurrency, betting platforms, tobacco, real-money gaming, and other alcohol brands. For a couple of years, the BCCI has barred crypto sponsorships. Back in 2021,
The UK’s Financial Conduct Authority (FCA) has proposed tough new marketing rules that include a ban on crypto incentives. The proposed rules aim to protect retail investors from potential harm by prohibiting the use of incentives to promote crypto investments. The FCA is cracking down on crypto promotions and incentives
Ron DeSantis, the 46th governor of Florida, as said before, pledges to ban the Central Bank Digital Currencies (CBDC) in Florida. Furthermore, he also states the reason as the government isn’t satisfied with cryptocurrencies since it has no authority to control or surveillance. Floridian Governor Bans Crypto On March 20,
Shaktikanta Das, the governor of the Reserve Bank of India (RBI), asserts that some G20 members want to consider outright banning cryptocurrencies. Officials from the G20’s finance ministries and central bankers appeared to be in accord about regulating the digital currency. As per the report, the G20 summit, which India
Sherrod Brown, the head of the United States Banking Committee, propounded that the Securities Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to embargo Cryptocurrency. He further stated that the Treasury Department and “all the other agencies” should evaluate any potential actions linked to the Cryptocurrency market. Brown
