Iranian trade body issues 30 new block reward mining licenses
The new licenses are required for businesses hoping to mine digital currency in the country, a legal requirement in Iran since laws were introduced in July 2019.
Latest ban News
Plummeting hash rate: The good and bad news
Although the drop in hash rate will have a negative consequence on the digital currency markets in the short term, there are a few positive externalities that will come out of China’s ban on Bitcoin mining.
Iran seizes 7,000 block reward mining machines in latest raid
Police in the capital Tehran have seized the 7,000 block reward mining machines from an “an abandoned factory in the west of the capital,” according to reports.
South African bank bans purchases on Binance over non-compliance claims
Absa Bank has reportedly barred its clients from purchasing digital currencies on Binance, telling its clients that the exchange was non-compliant.
BTC hashrate and price drop as Chinese mining operations shut down
The BTC token price—and more importantly, the network's hash rate—has continued to plummet following a series of Chinese government actions.
Indonesia central bank sends field supervisors to enforce digital currency payments ban
The central bank of Indonesia has ordered supervisors to monitor banks in the country, in a bid to make sure the national ban on digital currency payments is being upheld in practice.
India lawmakers to review bill banning digital currency
The Cryptocurrency and Regulation of Official Digital Currency Bill was brought before parliament in early 2021, but the government failed to progress with the bill.
Thai regulator clamps down on NFTs, meme tokens on exchanges
The Thai Securities and Exchange Commission said the digital asset platforms were no longer able to trade meme-based tokens, NFTs and exchange-issued tokens effective immediately.
China social media platform Weibo bans digital currency-promoting influencers
In the latest crackdown on the embattled industry, the country’s popular microblogging social media platform Weibo suspended the accounts of several digital currency influencers.
Google updates advertising policy for digital currency firms
The revisions are the first overhaul to the rules since late 2018, when it loosened restrictions around advertising from previously stricter measures.
Inner Mongolia proposes harsh rules for BTC miners, including social credit blacklisting
The region has proposed tough measures for those caught mining digital currencies, including social blacklisting that would deny them basic services like access to credit and even public transportation.
Iran outlaws block reward mining—at least until September
Officials in the Iranian government have been quick to identify block reward mining as a source of the supply problems, citing the 85%+ of unlicensed mining activity thought to be going on across the country.