The ban on sale of digital currency derivatives that was first proposed by the U.K. Financial Conduct Authority is now in effect.
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.
The Russian government has blocked access to LocalBitcoins, claiming the site spreads illegal information to the public.
The move was announced by the U.K. regulator, representing the conclusion of more than a year’s worth of consultation.
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.
The government of India is bringing in new laws on digital currency, with the effect of banning trading in the country.
The Venezuelan government has continued its internet censorship, with digital currency exchange Coinbase being the latest casualty.
The Ministry proposed amendments to the new law which would introduce a “blanket ban on any operations with virtual money.”
BestChange.ru, an aggregator of Russian over-the-counter (OTC) platform providers, was the first to reveal the new ban.
The ban has been introduced to prevent the use of digital currency for money laundering, terrorism financing and the drugs trade.
The tech giants are facing a possible $300 billion class-action lawsuit over their decision to ban digital currency ads.