India proposes banning Bitcoin and developing a digital rupee
India’s digital currency industry faces an uncertain future, with a proposed draft bill threatening to impose a blanket ban on the entire industry.
Latest ban News
Jack Dorsey backs Bitcoin for better Internet following Trump ban
Twitter founder Jack Dorsey has said Bitcoin represents a better model for the internet, in a series of tweets offering justification for the platform’s recent ban of U.S. President Donald Trump.
UK banks ban digital currency deposits: report
Banks such as HSBC have reportedly introduced measures that prevent transfers from digital currency exchanges to their accounts, effectively preventing speculators from cashing out any gains.
Digital currency derivatives ban now in effect in UK
The ban on sale of digital currency derivatives that was first proposed by the U.K. Financial Conduct Authority is now in effect.
Pakistan court reins in FIA, central bank over digital currency ban
The Sindh High Court in Pakistan has heard a petition filed in opposition to a nationwide ban on cryptocurrencies, giving fresh insight into the legal position for digital assets in the country.
LocalBitcoins banned in Russia—again
The Russian government has blocked access to LocalBitcoins, claiming the site spreads illegal information to the public.
UK Financial Conduct Authority bans sale of ‘cryptoasset’ derivatives
The move was announced by the U.K. regulator, representing the conclusion of more than a year’s worth of consultation.
FCA bans crypto derivatives sale to retail investors
The Financial Conduct Authority has banned the sale of crypto-derivative products to retail investors in the UK; the ban becomes effective January 6 2021.
India government’s plan to ban digital currency trading moves forward: report
The government of India is bringing in new laws on digital currency, with the effect of banning trading in the country.
Venezuela blocks Coinbase in latest internet censorship
The Venezuelan government has continued its internet censorship, with digital currency exchange Coinbase being the latest casualty.
Russia Ministry of Finance proposes amendments on digital currency ban
The Ministry proposed amendments to the new law which would introduce a “blanket ban on any operations with virtual money.”
Russia watchdog blocks digital currency websites in fresh crackdown
BestChange.ru, an aggregator of Russian over-the-counter (OTC) platform providers, was the first to reveal the new ban.