WeChat bans NFT and digital asset-related accounts—again
WeChat has announced a ban on accounts related to Bitcoin and NFTs for the second time in three months, even as NFT platforms in China have grown fivefold since February.
Latest ban News
South Korea imposes departure ban on Terraform Labs employees
The move is to ensure Terraform employees are available for the ongoing investigation of the crash of the blockchain's LUNA and UST tokens.
Russian bill banning use of digital assets as payment passes first reading
The bill proposes to directly prohibit the use of digital financial assets and utilitarian digital rights as a payment method for transferring goods and services in Russia.
Outgoing French lawmaker calls for more proactive adoption of digital currencies in Europe
In a 204-page report, Pierre attempted to take an inventory of French and European digital currency regulations, saying that the EU's digital assets policy direction remains uncertain.
Russian parliament introduces bill to ban use of digital assets as payment
The new bill introduced by the head of the House Financial Markets Committee, Anatoly Aksakov, proposes to clarify that only the Russian ruble is a unit of payment in the country.
New York State Senate passes ban on proof of work mining—here’s what to expect
If signed into effect, the bill will place a two-year moratorium on any carbon-based proof-of-work mining operation that is looking to open shop or that needs to renew its permit.
US senators propose to bar apps supporting digital yuan payments from app stores
U.S. senators have proposed a bill that will prohibit application stores like Google and Apple from hosting apps supporting digital yuan as a payment method.
Russia removes tax amnesty from drafted block reward mining bill
Russia's State Duma has revised several draft block reward mining bill provisions, and one of these is a proposed one-year tax amnesty for block reward miners.
Abkhazian authorities still discovering illegal block reward mining farms despite ban
According to an official press release, the facility was located in the rural village of Yashtuha, in the Sukhumi region, and was being run by 29-year-old resident Khanchalyan Robertovich.
Dutch AFM official gearing up to ban retail digital currency derivatives
Paul-Willem van Gerwen spoke on the rise and impact of digital currency derivatives in his keynote speech at the Amsterdam Propriety Traders managers meeting.
Norwegian parliament rejects proposed ban on block reward mining
Norway's parliament will not go against the growing Bitcoin block reward mining industry, with the majority of its members voting against a proposal to ban block reward mining.
Central Africa’s regional bank regulator reminds member states of digital currency ban
COBAC reiterated that the ban was put in place to ensure financial stability in the region, and as part of it, banks are prohibited from holding, exchanging, or converting digital currencies.