Category: Crypto Ban

Nigeria upgrades CBDC as crypto restrictions cripple fintech industry

May 10, 2022

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Nigeria’s central bank has upgraded its eNaira to steer the country away from crypto even after a UN report stated that restrictions on digital currencies are stifling the nation’s fintech sector. 1193 Total views 5 Total shares The Central Bank of Nigeria (CBN) is moving ahead with plans to upgrade the country’s central bank digital […]

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Argentina’s central bank steps in to block new crypto offerings from banks

May 6, 2022

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Only four days have passed since two of Argentina’s biggest banks opened up to crypto trading, but now the central bank has stepped in to block the offerings. 1472 Total views 31 Total shares The central bank of Argentina (BCRA) has put the kibosh on financial institutions offering crypto trading only days after two of […]

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Ireland bans political crypto donations on foreign interference fears

April 19, 2022

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A raft of new political and electoral integrity laws proposed in Ireland will see the banning of donations made in crypto to political parties in the country. 247 Total views 15 Total shares Donations made to political parties using cryptocurrencies will be banned in Ireland under new political integrity laws drafted due to concerns around […]

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Ukraine finds unlikely ally in efforts to bar Russian access to crypto: The Central Bank of Russia

March 4, 2022

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It appears both countries want crypto to be banned in Russia following the nation’s recent war efforts. 4738 Total views 33 Total shares Recently, Ukraine has called for “sabotage” of everyday Russians’ crypto assets due to an ongoing war between the two countries. Among many, its European allies have also voiced mounting concerns that Russia may […]

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Pro-crypto Congressman stacks, anti-crypto Congressman receives $100K from TradFi

July 7, 2021

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Alabama congressman Barry Moore has snapped up ETH, ADA, and Doge over the past two months, but his holdings have taken a significant hit amid the crypto downturn. 1509 Total views 4 Total shares News of two contrasting approaches to crypto from U.S. members of congress surfaced this week. Alabama Congressman Barry Moore has been […]

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Hong Kong regulators set to ban retail Bitcoin trading

May 21, 2021

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Only millionaires will be allowed to trade Bitcoin and cryptocurrencies in Hong Kong if the FSTB proposal is passed by the city’s legislature. 29286 Total views 87 Total shares Hong Kong regulators have moved to ban retail trading in Hong Kong after months of intense speculation about a likely prohibition. According to a report by […]

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Nigeria’s SEC says central bank’s crypto ban disrupted the market

April 16, 2021

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The Securities and Exchange Commission of Nigeria says it is working with the central bank to create a legal framework for cryptos and digital assets. 7715 Total views 29 Total shares Lamido Yuguda, the director-general of Nigeria’s Securities and Exchange Commission has said the central bank’s crypto ban has caused significant disruptions to the market. […]

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No crypto ban in India: Finance Minister predicts “very calibrated” stance

March 6, 2021

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No blanket ban on the horizon, with an open “window” for experimentation in India says Nirmala Sitharaman 2187 Total views 21 Total shares Yet another “crypto ban” turns out to be temporary FUD. In an interview with CNBC this morning, Indian Finance Minister Nirmala Sitharaman said that reports of a blanket ban on cryptocurrencies are […]

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Bitcoin has made the Naira almost useless, says Nigerian Senator

February 11, 2021

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A cross-section of Nigerian senators have reacted to the recent Bitcoin ban enacted by the country’s central bank. 5952 Total views 32 Total shares As previously reported by Cointelegraph, the Central Bank of Nigeria issued a circular banning banks from servicing crypto exchanges. Reacting to the news during the Thursday plenary session, Senator Sani Musa […]

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Binance Suspends Deposits in Nigeria Following Central Bank Directive

February 5, 2021

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Nigeria’s central bank told financial institutions they couldn’t provide crypto companies or users with services on Friday. Feb 5, 2021 at 10:08 p.m. UTC Binance Suspends Deposits in Nigeria Following Central Bank Directive Binance has temporarily suspended deposits in Nigerian naira – the country’s local fiat currency – in response to a Friday letter from […]

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