Thai SEC plots ban on digital currency deposit and lending services
Details of the ban include the prohibition of "digital asset business operators" from taking deposits of digital assets with a promise of returns.
Latest ban News
India awaits global recommendation to ban non-custodial wallets: report
The finance ministry and the Reserve Bank of India are reportedly in agreement that banning non-custodial digital asset wallets without international coordination will be an effort in futility.
South Korea: ICO ban likely to be lifted as Bank of Korea eyes EU’s MiCA
The central bank stated its intention in a paper it published reviewing the EU's Markets in Crypto Assets Act (MiCA), saying that South Korea's ICO ban has not been effective so far.
Philippines: Policy think tank Infrawatch PH requests SEC to ban Binance immediately
The group stated specific actions it wants the SEC to take against Binance, which include issuing cease and desist order to stop all operations of the exchange, its affiliates, and partners.
Morocco is scrapping its ban on digital currency as adoption soars
Morocco banned digital assets back in 2017, but the locals have continued to explore Bitcoin, and today, only Nigeria, South Africa, and Kenya have more owners.
KuCoin exchange banned in Canada over regulatory violations
The Ontario securities watchdog also slapped a $1.9 million fine on Bybit, claiming that the two operated unregistered digital asset trading platforms in the province.
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.
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.