Nepal’s crackdown on digital assets is intensifying, with ISPs now being ordered to block all BTC-related content as “transactions are increasing.”
Shaktikanta Das, head of the Reserve Bank of India, says that the best way to regulate the industry is to introduce gambling legislation to control digital assets.
In light of the FTX fallout, the Bank for International Settlements published a report on January 12 addressing the risks the digital asset industry poses and laying out the three possible roads forward.
NYAG Letitia James also requests the scrapping of two Acts currently on the table, namely: the Retirement Savings Modernization Act and the Financial Freedom Act of 2022.
Digital asset transactions from Europe to Russia had been capped at $9,900, but the European Union says there was still some level of activity, necessitating the total ban.
Details of the ban include the prohibition of "digital asset business operators" from taking deposits of digital assets with a promise of returns.
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.
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.
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 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.
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.