Crypto Ban

Singapore’s ByBit banned in Brazil.
ByBit, a Singapore-based crypto exchange, has been banned by the Brazilian Securities and Exchange Commission (CVM) from brokering securities. The CVM, in an official statement, ordered the suspension of the…

Electronic Frontier Foundation disagrees with US’s ban on Tornado Cash.
The Electronic Frontier Foundation (EFF) is the latest to voice against the US Treasury Department’s decision to ban the use of Tornado Cash, a crypto mixer, in the United States.…

Ban on Tornado Cash “unconstitutional”: Kraken CEO.
The US government’s ban on crypto transaction privacy tool Tornado Cash is “unconstitutional”, says Kraken CEO Jesse Powell. He believes people have a right to financial privacy and feels that…

UN body urges developing countries to prevent widespread use of cryptocurrencies.
The United Nations Conference on Trade and Development (UNCTAD) has called on developing countries to prevent the widespread use of cryptocurrencies. It has suggested a set of policy actions to…

Law Banning Payments With Digital Financial Assets Adopted by Russian State Duma.
The acceptance of digital financial assets is not universal. Similarly, Russia has shown sheer disappointment to accept these instruments for their economy. The prohibition of payment using financial instruments has…

Sitharaman’s statement on Cryptocurrency – says RBI seeks a crypto ban.
Earlier this month, the Finance Minister of India, Nirmala Sitharaman, revealed that the Reserve Bank of India (RBI) sought a ban on cryptocurrency in the country. According to Nirmala Sitharaman,…

Effective ban on Cryptocurrency, says Putin.
Cryptocurrency has always had a love-hate relationship with Russia. President Vladimir Putin called for an effective ban on the use of digital assets as a mode of payment for goods…

China appears unable to halt bitcoin mining.
When it comes to laws and regulations, China is universally acknowledged as one of the strictest countries. The crypto ban that China imposed in 2020 essentially meant an end for…

Argentina bans unregulated crypto transactions.
Taking a hardline approach to crypto, Argentina has imposed a ban on crypto transactions in traditional banks. The Central Bank of the Republic of Argentina said that financial institutions cannot…

Nepal: Regulator warns crypto activities are illegal.
The Nepal Telecommunications Authority (NTA) has warned the public against engaging in crypto activities as its illegal. Apps, websites, and online networks related to crypto activities are prohibited in Nepal.…
Market at a glance
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