Thailand securities regulator bans digital currency payments
The Thai SEC said that digital currencies are too volatile and don’t possess the qualities of sound money, but it won’t prohibit investing and trading it.
The Thai SEC said that digital currencies are too volatile and don’t possess the qualities of sound money, but it won’t prohibit investing and trading it.
According to the Finance Minister Anton Siluanov, Russians are best served by a well-regulated digital currency industry not by a blanket ban.
Deputy Governor T. Rabi Sankar at the Reserve Bank of India likened digital currencies to Ponzi schemes and said banning them was the best course of action for the country.
A new document by the Russian government, supported by the central bank, has dispelled fears of a blanket ban, weeks after the bank proposed a total ban.
The top executive suggests a proof of work (PoW) mining ban as well as a switch to proof of stake (PoS) mining, which he believes "has a significantly lower energy profile."
The Russian central bank recently proposed a ban on digital currency, but the Finance Ministry believes that thousands will lose out and is suggesting enabling regulations instead.
The watchdog has reiterated its earlier warning that financial institutions can’t deal in digital currencies as pressure mounts from religious organizations.
VASPs must not advertise on public transport venues, broadcast media, third-party websites, or roadshows and must not turn to influencers on social media, according to Singapore’s central bank.
The State Bank of Pakistan is concerned about the use of digital currencies in crime, with a recent Binance-linked $100 million scam being cited as an example.
Kosovo is eliminating all non-essential energy needs, such as block reward mining, after winter-fueled blackouts led the nation to a state of emergency.
The Library of Congress report shows that the number of countries that banned digital currencies has doubled in three years; nine have an outright ban, while 42 have an implicit ban.
The Swadeshi Jagran Manch says Bitcoin must be banned or it could pose great danger to the financial market, but parliament is putting off regulations for now.