Banks on both sides of the Russia-Ukraine war are taking measures to restrict the flow of crypto funds overseas, with central banks keen to limit private citizens from making crypto-related cross-border transactions through banks…. Read More: Regulators in Ukraine, Russia Tell Banks to Block Certain Types of Crypto Transfers Read more »Pay, Trade, Buy…
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Privatbank, the largest commercial bank in Ukraine, has temporarily halted transfers in national currency to digital asset exchanges. The financial institution explained the move with restrictions imposed by the country’s central bank under the current martial law. Leading Bank in Ukraine Bans Clients From Sending Hryvnia to Crypto Trading Platforms Ukraine’s largest bank in terms…
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It appears the root cause of concern is the potential for digital assets to disrupt the rise of India as a global power. On Thursday, the Reserve Bank of India, or RBI, the country’s central bank, published a critical bulletin regarding the cryptocurrency industry. While the report praised the innovative distributed ledger technology associated with…
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Changes to the EU’s MiCA proposal to regulate crypto markets, suggested shortly before a vote on the package, indicate a bitcoin ban is still a possibility. Despite recently removing wording that would have prohibited coins with energy-intensive mining, some members of the European Parliament are now targeting “unsustainable” cryptocurrencies. New MiCA Paragraphs Call for Subjecting…
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France-based hardware wallet manufacturer Ledger sounded an alarm about a possible EU-wide ban on cryptoassets that are using the proof-of-work (PoW) consensus mechanism, calling people to contact members of the European Parliament (MEPs) and oppose the move…. Read More: EU Crypto Industry Calls to Arms as Bitcoin & Ethereum Ban in Cards Again Read more…
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“We can’t let someone who is bigoted about a marginalized community stay the figurehead of a large web3 organization,” said ENS user healingvisions.eth. Many members of the Ethereum Name Service’s decentralized autonomous organization have voted in favor of allowing recently removed director of operations Brantly Millegan to stay on as the ENS Foundation director. According…
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A text threatening to prohibit cryptocurrencies relying on energy-intensive proof-of-work mining has been deleted from the draft legislation aimed at regulating the European crypto space. The move comes after the controversial provision sparked objections from the crypto community. MiCA Proposal Drops Ban on Proof-of-Work Coins Wording that could have banned cryptocurrencies with proof-of-work (PoW) mining,…
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A number of Chinese provinces have increased the rate at which crypto miners must pay for electricity – despite the fact that mining has been outlawed in the nation…. Read More: Chinese Provinces Tighten Crypto Crackdown – Despite Setting New Electricity Rates for Miners Read more »Pay, Trade, Buy Bitcoin with Credit Card
Afghans have shown great interest in cryptocurrencies and some are using them to avoid U.S. sanctions and get paid from other countries. After the Taliban took full control of Afghanistan in August last year, many international non-governmental organizations and services stopped operating in the country. Among them were payment services like Western Union and Swift.…
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Russian Ministry of Finance has prepared and submitted a new bill to expand crypto regulations to the government. The law “On Digital Currency” aims to introduce rules for investment in cryptocurrencies while at the same time cementing a ban on their use in payments. Draft Law ‘On Digital Currency’ to Regulate Crypto Turnover in Russia…
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