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.
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.
The move is to ensure Terraform employees are available for the ongoing investigation of the crash of the blockchain's LUNA and UST tokens.
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.
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.
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.