Coinbase access in Kazakhstan blocked over illegal operations
Kazakhstan is prohibiting access to Coinbase due to violations of digital asset laws, citing specific provisions prohibiting unsecured assets and exchanges lacking required permits.
Latest ban News
US tightens AI chip export restrictions to China
The Biden administration has announced new rules that will choke off China from Nvidia’s made-for-China A800 and H800 chips as the AI arms race heats up.
Canadian securities watchdog eases its stablecoin ban
Canada banned stablecoins from exchanges in February unless they obtain prior exemption, but now permits them if they are transparent and provably fully backed.
Facebook ban sought in Thailand over digital currency scam failures
Thailand's Ministry of Digital Economy and Society aims to ban Facebook due to digital currency scams highlighting signs of fake investment schemes—over 200,000 victims and millions in losses prompt legal action.
Australia’s Bendigo Bank bans high-risk digital currency payments for 2.3M clients
Bendigo Bank admitted that the ban would also affect genuine payments, but it’s a risk it must take following similar moves by three of the Big Four Aussie banks.
Kuwait issues blanket ban on digital currency transactions
The digital currency transaction ban is the government’s latest attempt to crack down on money laundering rings operating in Kuwait.
Thailand: Digital currency firms banned from offering staking, lending services
The new rules include a requirement for digital currency exchanges and brokers in Thailand to include warnings on the danger of investing in digital currencies to customers.
IMF says banning digital assets may not be effective in the long-term
Banning digital assets may not be the best way of mitigating the associated risks, said the IMF, a few months after suggesting such an approach might be an option.
Australia’s largest bank blocks payments to digital asset exchanges
The Commonwealth Bank of Australia announced that it’s blocking ‘certain’ payments to some exchanges to curb scams but didn’t reveal the affected exchanges.
Australia opens public consultation on banning ‘high-risk’ AI tools
The public consultation will run until July 26, with academic and industry players as well as policymakers, establishing ideas on artificial intelligence (AI) regulation in Australia.
Indian regulators swamped with calls to grant digital currency exchanges UPI access: report
Lifting the ban will lend credibility to Indian players in the digital currency space and reduce the hurdles for retail investors to trade on digital currency exchanges.
Pakistan set to impose blanket ban on digital currencies
Part of the conditions set by the Financial Action Task Force to remove Pakistan from its “grey list” was the ban on digital currencies, according to Minister of State for Finance and Revenue Dr. Aisha Ghaus Pasha.