'Cryptocurrency is not legitimate money,' says Nigeria's central bank governor

Nigeria’s central bank is doubling down on its anti-cryptocurrency stance. Godwin Emefiele, governor of the Central Bank of Nigeria, has defended the apex bank’s decision to ban banks from servicing cryptocurrency exchanges in the country. Appearing before a joint Senate Committee on Banking, Insurance and Other Financial Institutions; ICT and Cybercrime; and Capital Market, Emefiele remarked that the CBN ban was in the best interest of Nigerians. According to a report by media outlet Punch, while addressing the Senate committee, Emefiele remarked: “Cryptocurrency is not legitimate money.

Cryptocurrencies Are a Major Concern Says RBI Governor as India Contemplates Crypto Ban

RBI sees the cryptocurrency industry as a major thorn and has sent its concerns to the government, which examines legislation to ban private digital assets.

India’s Warren Buffett Wants Regulators to Ban Bitcoin and Focus on Digital Rupee

Indian billionaire Rakesh Jhunjhunwala, sometimes referred to as the Warren Buffett of India, says that the government should ban bitcoin.

The ‘Indian Warren Buffett’ Urges Regulators to Ban Bitcoin

One of India's most prominent investors, Rakesh Jhunjhunwala, dubbed "Warren Buffett of India," said that regulators should ban Bitcoin.

Indian banks put crypto traders' accounts under the microscope

HSBC, HDFC and Citi are now requiring crypto traders in India to provide information about their activities or risk losing their funds. Cryptocurrency traders and investors in India are among the latest casualties in an increasing trend of personal account closures by global banking operations.  India’s parliament is currently contemplating a nation-wide crypto ban which local industry critics, such as former Coinbase CTO Balaji Srinivasan have compared to “banning the internet for five years.” The Economic Times reports that customers of private banks in India, such as HDFC, HSBC and Citi, have been receiving notices this year asking them to clarify crypto-related transactions, often requiring them to visit their local bank branch in person.

Here's why this billionaire wants regulators to ban Bitcoin in India

As regulators in India mulling over a bill that could ban cryptocurrencies, an Indian billionaire is looking forward to the same.  Rakesh Jhunjhunwala, who has a $3.8 billion net worth, called for The post Here's why this billionaire wants regulators to ban Bitcoin in India appeared first on AMBCrypto.

India’s Warren Buffet says Bitcoin hangover will be worse than the party

The man known as India's Warren Buffet is eager for a blanket ban on all cryptocurrencies and believes the Bitcoin “party” will result in a terrible hangover for investors. The billionaire investor known as India’s Warren Buffet, Rakesh Jhunjhunwala, has voiced his support for India’s impending cryptocurrency ban, warning that the hangover from Bitcoin (BTC) mania will be worse than the party itself.

India's Regulator Tells Companies to Sell Bitcoin Prior to IPOs: Report

While India contemplates a ban on Bitcoin, its financial regulator has already started putting pressure on companies that own Bitcoin.

Crypto market too big to ignore, says Nigeria SEC

Nigeria’s Securities and Exchange Commission says it is committed to creating a clear-cut regulatory framework for cryptos in the country. Having recently suspended its planned crypto regulations in the wake of the central bank ban, Nigeria’s Securities and Exchange Commission has clarified its position on cryptocurrencies in the country. According to a report by Premium Times, both the SEC and the Central Bank of Nigeria will work collaboratively on devising a concrete regulatory framework for cryptos in Nigeria. For Timi Agama, the commission’s registration, exchanges, market infrastructure, and innovation head, regulators in Nigeria cannot afford to ignore the $1.74 trillion crypto market. Speaking at a virtual conference organized by the Association of Capital Market Academics of Nigeria in the capital, Abuja on Sunday, Agama remarked: “Part of the desire of the SEC even in the future is to provide a regulatory framework that will take care of all these challenges that we have seen internationally and the entire world is grappling with in terms of cryptocurrency and digital assets.

India: Sebi asks IPO promoters to sell their cryptos

India has been among the countries still deliberating a ban over cryptocurrencies.

Inside the Fight Against India’s Proposed Crypto Ban

As the Indian government’s crypto ban draft bill looms large, Indian crypto businesses are coordinating efforts to convince the government that regulation is the better approach.

Nigeria Crypto Ban: Bitcoin Sells for $76K as Deposits on Centralized Exchanges Plummet

According to a website that tracks the price of bitcoin across the globe, the crypto asset’s selling price in Nigeria as of February 18 stood at $ 76,000.

Bitcoin selling at 36% premium in Nigeria

In the wake of the recent ban on Nigerian banks' servicing of crypto exchanges, Bitcoin's price in the country has seemingly spun out of control. It's been roughly 11 days since the Central Bank of Nigeria banned all regulated financial institutions from providing services to cryptocurrency exchanges in the country.

Bluezelle is Resisting Censorship with a New Developer Grant: Interview with Neeraj Muraka

Online censorship has taken front and center since the sweeping ban of former US President Donald Trump from every social outlet he’s been a part of.

Nigeria Crypto Ban: Stakeholder Body, Politicians Assail Central Bank’s Directive to Financial Institutions

A body representing cryptocurrency and blockchain stakeholders in Nigeria has joined other crypto industry players in assailing the recent Central Bank of Nigeria (CBN) directive to banks.

The economic cost of a bitcoin & crypto ban in India

Balaji Srinivasan, former CTO of Coinbase, is of the opinion that a crypto ban in India would reverse the nation’s economy and cost it trillions of dollars.

India crypto ban is like banning internet, says former Coinbase CTO

Former Coinbase CTO Balaji Srinivasan has warned that India's impending ban on Bitcoin and other cryptocurrencies would be like banning the "financial internet." Former Coinbase CTO Balaji Srinivasan thinks India’s impending cryptocurrency ban would be akin to banning the internet and could cost the country trillions in potential profits. Speaking in an interview with The CapTable, Srinivasan said a blanket ban on Bitcoin (BTC) and other cryptocurrencies would simply redirect trade revenue into nearby Asian markets, amounting to a “trillion-dollar” mistake for India: “It’s really important that the ban (India’s plan to ban owning, trading, mining or investing in cryptocurrency) should not go through.

Exchanges warn that Hong Kong's crypto retail trader ban could backfire

Crypto industry concern mounts ahead of the likely introduction of a bill to ban retail traders from cryptocurrency activities in Hong Kong. Crypto industry actors in Hong Kong have been trying to push back against a forthcoming law that would restrict legal cryptocurrency trading to professional investors, locking out 93% of the local population from the market. In comments to the South China Morning Post published on Feb.

Happy Bull’s Year, North Korean Hackers!

In this episode, Anna Baydakova and Danny Nelson discuss North Korea reportedly stealing your crypto to create nuclear weapons, Tesla rattling markets at an opportune time and Nigeria trying to ban crypto.

Why Mark Cuban believes Ethereum is becoming a better store of value than Bitcoin

Mark Cuban - the billionaire tech investor has often made contrasting remarks about cryptocurrency, once stating that he would rather “have bananas than Bitcoin” and later revealing a DeFi portfol The post Why Mark Cuban believes Ethereum is becoming a better store of value than Bitcoin appeared first on AMBCrypto.

More harm than good? Nigerian crypto users in disbelief over CBN ban

Crypto and blockchain stakeholders in Nigeria have criticized the central bank’s decision to ban banks from servicing crypto firms. The Central Bank of Nigeria has banned banks from servicing crypto exchanges in the country in a move that echoes actions taken by its Indian counterpart back in 2018.

Stablecoin adoption and pivot to DeFi drive Algorand (ALGO) price higher

Algorand rallied to a multi-year high after the network emerged as a possible choice for central bank digital currencies and the team revealed its DeFi plans. In the past few months cryptocurrencies have become a frequent topic of discussion among the mainstream media and traditional investors partially because of the Bitcoin evangelism of well-known influencers like Elon Musk, Mark Cuban and Michael Saylor.  One platform that has benefited from increased attention on the cryptocurrency sector is Algorand (ALGO), a scalable, secure, and decentralized digital currency platform. Since the start of 2021, ALGO price has steadily grown from $0.33 on Jan.

India’s Crypto Community Fights Back As Ban Bill Turns Into Tiresome Soap Opera

Crypto enthusiasts in India have run out of patience with unsourced reports of the government’s alleged forthcoming crypto crackdown – and have challenged New Dehli to come clean with its intentions. On Twitter, Indian crypto community members say that they are tired of the government allegedly leaking info to reporters about crypto “bans” – and want a

Nigerian Senators Blast Central Bank For Its Crypto Ban

Following the Central Bank of Nigeria’s (CBN) clampdown on banks facilitating crypto investments, a number of the country’s senators have voiced their outrage at the bank, calling on the Nigerian regulators to facilitate the further adoption of cryptocurrencies across the country.

Nigerian Firms Baffled by Bitcoin Ban, Says Dan Holdings CEO

Over-the-counter trading and peer-to-peer exchanges are booming in Nigeria.

Nigeria’s SEC Puts Plans to Regulate Crypto on Hold in Light of Central Bank Ban

Nigeria’s Securities and Exchange Commission (SEC) announced Thursday it has put plans to regulate cryptocurrencies on hold.

Nigeria's SEC suspends planned crypto regulations amid central bank ban

Nigeria’s securities regulator has backed the central bank’s crypto ban by suspending its planned regulatory framework for digital assets. The Nigerian Securities and Exchange Commission has put its plans for regulating cryptocurrencies on hold following the recent ban by the central bank prohibiting financial institutions from servicing crypto exchanges. In an emailed statement quoted by the Daily Post on Friday, the SEC stated: “For the purpose of admittance into the SEC Regulatory Incubation Framework, the assessment of all persons (and products) affected by the CBN Circular of February 5, 2021, is hereby put on hold until such persons are able to operate bank accounts within the Nigerian banking system.” As previously reported by Cointelegraph, the commission recognized digital assets back in September 2020.

India Will Ban Bitcoin, Says Senior Finance Ministry Official: Report

According to a report, India's draft bill that will ban Bitcoin and other cryptocurrencies in the region is set to be passed.

Jack Dorsey and Jay-Z to set up 500 BTC blind Bitcoin trust in India, Africa

Just hours after an anonymous source claimed India would issue a blanket ban on all cryptocurrencies, Jack Dorsey and Jay-Z announced a 500 Bitcoin development trust. Twitter CEO Jack Dorsey has announced the creation of a blind Bitcoin (BTC) development trust worth 500 BTC ($23.7 million), along with rapper Jay-Z, for teams working on the project in India and Africa.

Jay-Z & Jack Dorsey Give BTC 500 for Bitcoin Development, New India Ban Rumors Emerge

Jack Dorsey. Source: a video screenshot, Youtube, WIRED Bitcoin (BTC) bull, Twitter CEO Jack Dorsey said that he and Jay-Z, an American music megastar, are giving BTC 500 (USD 23.5m) to fund BTC development.

India's crypto ban is coming, hodlers to be given transition period: Bloomberg

An anonymous Indian official has claimed the country’s parliament will soon introduce a blanket bank on crypto assets, and give hodlers three-to-six months to liquidate. An anonymous source claiming to be a senior Indian Finance Ministry official has claimed that the use of crypto assets will soon be completely banned in the world’s second most populated country. Speaking to Bloomberg, the source claimed that the use of cryptocurrency in all its forms will be banned under a new law expected to soon be introduced in the parliament.

India Grants Crypto Holders Reprieve Ahead of Likely Ban: Report

The window of opportunity for investors to cash out to fiat is expected to be between three-to-six months.

Nigeria’s Senate Summons Central Bank Chief to Explain Crypto Ban

The Nigerian Senate wants Central Bank Governor Godwin Emefiele and chief securities regulator Lamido Yuguda to testify about cryptocurrencies.

Bitcoin has made the Naira almost useless, says Nigerian Senator

A cross-section of Nigerian senators have reacted to the recent Bitcoin ban enacted by the country’s central bank. 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 of the Niger East Senatorial District remarked: “Cryptocurrency has become a worldwide transaction of which you cannot even identify who owns what.

Indian Finance Minister Answers Questions on Cryptocurrency Plans and Ban Proposal

India’s Finance Minister Nirmala Sitharaman has answered some questions regarding cryptocurrency in Rajya Sabha, the upper house of India’s parliament.

Former British MP says central banks should ban Bitcoin

Nick Boles, who served as a Member of Parliament from 2010 to 2019, believes the world would be better off without Bitcoin.

Bitcoin ‘Can’t Be Stopped’: Nigerians Look to P2P Exchanges After Crypto Ban

Some Nigerians plan to continue using bitcoin (BTC) and other cryptocurrencies despite a directive issued by the Central Bank of Nigeria (CBN) last week ordering banks to close down accounts associated with cryptocurrencies.

India’s Government Preparing to Fast-Track Law That Could Ban Cryptocurrency: Report

A bill that could ban the use of private cryptocurrency in India is reportedly being fast-tracked by the country’s government.

India's crypto ban: How alarmed should Indians Bitcoin traders be?

The Indian cryptocurrency scene is currently waiting on an imminent Crypto Bill, which may define the future of digital assets in the country.

Potential India Crypto Ban, Worldwide Darknet and Virgil Griffith’s Saga Continues

Crypto restrictions in India, fresh darknet market research from Chainalysis and the newest chapter in Virgil Griffith’s North Korea saga.

Clubhouse Is Now Inaccessible for Many Chinese Users

Users of the popular video conferencing app claim they can’t access the platform anymore, sparking concerns about a possible ban.

A turn for the worse? India’s crypto plan unsettling to local industry

The Indian crypto industry sees a brief panic over the government’s plans to ban “private cryptocurrencies” and explore the need for a CBDC. The Indian Crypto community has been involved in discussions with the government about how it should perceive cryptocurrencies and blockchain technology before finding ways to regulate the industry ever since the government placed a now-defunct blanket ban on banks servicing crypto firms in April 2018.  In the latest update, on Jan.

Indian parliament reportedly considering fast-tracking crypto bill

Government officials may be planning to introduce the law potentially banning crypto “within a month” of the ordinance clearing. The Indian government may be taking a legislative shortcut to pass a bill recently proposed to regulate digital currencies in the country. According to a report from news outlet CNBC-TV18, the Indian government may take the “ordinance route” to ban the use of private cryptocurrencies in the country as well as create a regulatory framework for a digital rupee issued by the Reserve Bank of India.

Central Bank of Nigeria Bans Cryptocurrency Transactions, Says Crypto Breeds Illegal Activities

The Central Bank of Nigeria (CBN) has once again doubled down on its efforts to ban cryptocurrency transactions stating they are a breeding ground for illegal activities.

Nigerian Central Bank Says Its Ban on Crypto Accounts Is Nothing New

The Central Bank of Nigeria said its warning to banks on Friday was not a new position, but a reiteration of its 2017 stance on cryptocurrencies.

Nigeria Crypto Ban Will Drive Users to P2P Exchanges, Say Experts

Nigeria’s central bank yesterday cracked down on cryptocurrency.

Coinbase outage caused crypto purchase issues, not an intentional ban

Coinbase posted an in-depth explanation of its Jan.

Bitfinex Repays USD 550m to Tether, Nigerian Ban, Dorsey's Bitcoin Node + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Exhanges news Bitfinex said that, in January, it repaid the remaining balance of USD 550m of the outstanding revolving loan facility to its sister company Tether, the issuer of the most popular stablecoin, tether (USDT).

Central Bank of Nigeria Orders Banks to Discontinue Servicing Bitcoin Clients

The Central Bank Bank of Nigeria has reportedly imposed a ban on cryptocurrency trading activities according to a circulating memo.

Indian Exchanges Launch Campaign Seeking to Avert Potential Crypto Ban

The exchanges have set up websites helping supporters email members of parliament.

Central Bank of Nigeria bans banks from servicing crypto exchanges

Nigeria's central bank has prohibited commercial banks from providing account services to crypto exchanges. The Central Bank of Nigeria has placed a ban on all regulated financial institutions from providing services to crypto exchanges in the country. The prohibition was contained in a circular issued by the CBN on Friday.

Indian Crypto Industry Launches Campaign Urging Lawmakers to Dismiss Crypto Ban Bill

Indian crypto exchanges have pooled their resources together and launched a campaign to gain support from as many parliament members as possible about cryptocurrency regulation.

Following GameStop, South Korea Financial Regulator Extends Ban on Short Sales

Caving to pressure from retail traders, South Korea's ban on short-selling has been extended through May 2021.

India Minister Suggests Modi Government Not Planning Outright Crypto Ban

A recent bulletin from India's lower house had once more raised fears of an total cryptocurrency ban.

India's Budget Proposed Today But No Word On Banning Crypto (Yet)

India's budgets session has started, but so far there seems to be no word on the much-discussed crypto ban.

Lawmakers in India Considering New Ban on Bitcoin and Cryptocurrency: Report

Lawmakers in India are planning to introduce a bill that aims to ban Bitcoin and other crypto assets while seeking to create the country’s official digital currency.

The Bitcoin bull run checklist for 2021

Apart from the on-chain factors that drive Bitcoin's bull run, a few external indicators that precede every bull run have made the headlines yet again such as a bill on a probable cryptocurrency ban i The post The Bitcoin bull run checklist for 2021 appeared first on AMBCrypto.

Indian government looking to crack down on crypto scams with proposed ban: Cashaa CEO

Kumar Gaurav said "there is no way any government" can outright ban crypto given its nature as a global and decentralized system.

India Plans to Ban Private Cryptos like Bitcoin in Favor of National Cryptocurrency

India plans introducing a new bill to ban private cryptocurrencies as well as introduce a national digital currency.

India’s Proposed Crypto Ban Has Investors Nervous, May Feed Anti-Bitcoin Narrative

The move is bound to make potential and current crypto investors outside the country uneasy as well.

India Proposes Cryptocurrency Ban

The Indian government has proposed a plan to “ban all private cryptocurrencies" and introduce a central bank digital currency (CBDC).

India Would Ban Private Cryptocurrencies Under Proposed Legislation

A ban on cryptocurrency had been in effect for almost two years before it was overturned by the Supreme Court in March 2020.

WallStreetBets vs Robinhood: Users Sue Over GameStop Ban

Robinhood has prevented its users from buying GameStop and other "meme stocks." Users are not happy.

Reserve Bank of India 'exploring the possibility' of a digital currency

The bank still claimed that government bodies and regulators in India are both “skeptical” and “apprehensive” about crypto. Less than a year after the Indian supreme court overturned the Reserve Bank of India’s ban on crypto businesses, and the bank’s position on digital assets is looking slightly more bullish. According to a booklet on payments released today by the Reserve Bank of India, or RBI, the bank is “exploring the possibility as to whether there is a need for a digital version of fiat currency.” The bank added that if it found a need, it would look into ways to put digital currency into use. The RBI booklet acknowledged the popularity surrounding cryptocurrencies worldwide, but claimed that Indian regulators and local government bodies are both “skeptical” and “apprehensive” about them.

Crypto Fund Managers Infuriated with UK Watchdog's Recent Ban on Crypto Derivatives

Crypto fund managers have released an angry response to the UK financial regulator's recent ban on the sales of crypto derivatives to retail consumers.

UK Crypto-Skeptic’s Anti-Bitcoin Petition Looks Set for a Sad Fate

An outspoken British financial advisor’s petition to ban bitcoin (BTC) and crypto transactions in the UK has garnered just 124 signatures despite widespread media coverage.

British financial advisor calls on the gov’t to ban crypto transactions

Veteran financial advisor Neil Liversidge came to the UK Government and Parliament with a petition to ban crypto transactions. Neil Liversidge, a veteran financial advisor, has called on the government of the United Kingdom to ban transactions in cryptocurrencies like Bitcoin (BTC). Liversidge, the owner of the independent financial advisory firm West Riding Personal Financial Solutions, started a petition urging local financial authorities to stop crypto transactions in the UK The petition reads: “Legislate to prohibit the payment by or acceptance of cryptocurrencies by UK resident businesses or individuals, and require UK regulators (the FCA and PRA) to prohibit transactions by UK financial institutions in cryptocurrencies such as Bitcoin.” Liversidge cited a common anti-crypto narrative, arguing that cryptos like Bitcoin have no intrinsic value and “can be a destabilising influence on society, and often used for criminal activity.” The advisor also thinks that cryptocurrency mining is “harmful to the environment.” According to the UK Government and Parliament website, the petition’s deadline is July 7, 2021.

Jack Dorsey Calls Bitcoin ‘Foundational Internet Technology’ While Explaining Twitter’s Trump Ban

Twitter CEO and co-founder Jack Dorsey is calling Bitcoin a blueprint for the future of the internet.

Bitcoin bubble will pop sooner or later, says famous Russian BTC critic

Anatoly Aksakov of the Russian State Duma suggested that global jurisdictions should ban Bitcoin as a payment method. Anatoly Aksakov, a member of the Russian State Duma, has reiterated his negative stance on Bitcoin (BTC) shortly after the cryptocurrency briefly retouched $40,000 on Jan.

Financial Advisor Calls on UK Government to Ban Bitcoin

The managing director of West Riding Personal Financial Solutions is adamant that cryptocurrencies can have a destabilizing influence on society and should be restricted.

UK’s FCA crypto derivatives ban may push retail investors to riskier grounds

UK’s FCA banning retail investors from engaging with crypto derivatives takes away risk hedging opportunities. It has stated a variety of reasons for why the products cannot be “reliably valued” by retail consumers, such as financial crime, volatility and an inadequate understanding of crypto assets being the main ones.

Jack Dorsey Defends the Ban on President Trump’s Twitter Account and Praised Bitcoin

Jack Dorsey defended Twitter's decision to ban US President Donald Trump's account but said that the Internet might learn a lesson from Bitcoin.

Twitter CEO Jack Dorsey Expresses Passion for Bitcoin in Thread Justifying Twitter Ban of President Trump

Twitter CEO Jack Dorsey explained Twitter’s decision to ban President Donald Trump following last week’s attack on the Capitol, expressing his passion for decentralized Bitcoin.

Jack Dorsey cites Bitcoin as a better model for the internet in Trump ban explanation

Days after Donald Trump’s account was banned, Twitter CEO Jack Dorsey explained that it was the right decision, but still sets a dangerous precedent. Twitter CEO Jack Dorsey cited his passion for Bitcoin and decentralization in a 13-Tweet thread today explaining why the company banned US President Donald Trump from the platform last week.

Twitter CEO Dorsey Praises Bitcoin While Defending Trump Ban

Twitter CEO Jack Dorsey said last week's ban of Donald Trump was a necessary evil—and that the firm still supports decentralization.

Crypto Twitter Divided Following Trump's Social Media Ban

The President's deplatforming by social media firms has sparked debate among the crypto community over the sweeping powers afforded to tech companies.

Now Is the Time to Advance the Decentralized Web

After the US Capitol insurrection and Twitter's unilateral ban of President Trump, decentralizing the web has never been more necessary.

UK crypto community reacts as FCA derivatives ban goes into effect

The ban placed by financial regulators in the United Kingdom on the sale of crypto derivatives to retail traders is now in force. On Wednesday, the decision by the United Kingdom's Financial Conduct Authority to ban crypto futures and exchange-traded notes finally went into effect. The FCA initially announced the ban back in October 2020 following a year-long consideration of the matter.

Trump Signs Order to Ban Ma’s Alipay, Other Chinese Apps

US President Donald Trump signed an executive order on Tuesday banning the Alipay payment platform and seven other apps with links to the Chinese, saying the apps can access private information from their users.

FCA Ban on Crypto Derivatives Comes Into Force Today

A ban on crypto-based products issued by the UK’s financial services regulator comes into effect today.

UK’s Ban on Crypto Derivatives Goes Into Effect Today

The Financial Conduct Authority ban on the sale of derivatives and exchange-traded notes was passed in October.

Order Book Sharing Ban Could Shake South Korean Exchanges to the Core

New government regulations that will force South Korean crypto exchanges to cease order book sharing with overseas trading platforms could have a seismic effect on the crypto players in the country - and the issue is reportedly the main reason why major player Binance is set to close down its Binance Korea operations next month and only four out of 77 exchanges on

The CT blooper reel: our video team’s most unexpected moments of 2020

The CT video team’s 2020: getting bonked by the YouTube ban hammer, AK-47s and pure cringe. The Cointelegraph YouTube channel had some of its wilder moments in 2020: from getting hit with the YouTube ban hammer to witnessing firsthand the antics of crypto’s most eccentric personalities.

Bananas! Billionaire Shark Mark Cuban Calls Bitcoin More Religion Than Solution

Bitcoin is now beyond its former high of $20,000 but billionaire tech entrepreneur, “shark” investor, and owner of the Dallas Mavericks Mark Cuban, still won’t change his stance on the cryptocurrency.

Mark Cuban not impressed with Bitcoin, prefers bananas!

Mark Cuban, American television personality and entrepreneur, still remains unimpressed by the current Bitcoin rally.

Bitcoin is 'more religion than solution,' says billionaire Mark Cuban

"No matter how much BTC fans want to pretend that it’s a hedge against doomsday scenarios, it is not." Mark Cuban, the billionaire who once said that bananas are a better medium of exchange than Bitcoin (BTC), has doubled down on his view that the asset is more like a collectible than a reliable financial instrument. In a Forbes interview conducted on Dec.

Mastercard Severs Ties With Pornhub — Is Mainstream Crypto Adoption Coming for the Porn Industry?

Global payment companies Mastercard announced on December 10, 2020, its official decision to ban their customers from using credit and debit cards to arrange purchases on one of the biggest adult websites.

France moves to ban anonymous crypto accounts to prevent money laundering

France is preparing new frameworks to prevent anonymity in crypto. French financial authorities are strengthening the country’s cryptocurrency regulations in a move to prevent illicit activities like money laundering and terrorism financing. On Dec.

Circle CEO joins appeal against US Treasury self-hosted crypto wallet ban

The crypto industry and regulators need time to collaborate on better regulations. Jeremy Allaire, CEO and co-founder of peer-to-peer payments firm Circle, sent a letter to senior staff of the United States Department of the Treasury on Dec.

Congress Members “Express Concern” Over Treasury’s Potential Crypto Wallet Regulations

Four members of Congress have expressed concerns in a letter to the US Treasury Secretary Steven Mnuchin, over their rumored self-hosted crypto wallet regulation ban.

Congresspeople tell Treasury to back off of rumored self-hosted wallet ban

Congressman Davidson, in particular, sees potential Treasury action as a bad idea for everybody involved. Several members of Congress have voiced opposition to a rumored blockade on self-hosted crypto wallets in the works at the US Treasury. In a Dec.

The OCC is Focused on "Not Killing" Bitcoin and Crypto says Acting Comptroller Brian Brooks

Brian Brooks has affirmed that the OCC is not planning any ban or stringent regulation on Bitcoin or other cryptocurrencies.

Nobody is going to ban Bitcoin says OCC’s Brian Brooks

The Acting Head of US Office of the Comptroller of the Currency (OCC), Brian Brooks, said regulators were “very focused” on “not killing” Bitcoin.

The US Won't Ban Bitcoin, Says OCC's Brian Brooks

The US Comptroller of the Currency promised “a lot of good news for crypto” by the end of Donald Trump’s term.

OCC leader Brian Brooks: ‘Nobody’s going to ban Bitcoin’

Forthcoming regulations are “going to be a lot less bad than people will worry about.” Brian Brooks, the head of the Office of the Comptroller of the Currency, said regulators are not looking to “kill” Bitcoin (BTC) but instead ensure its smooth integration into the financial system.  In an interview with CNBC’s Squawk Box on Friday, Brooks said: “We're very focused on getting this right.

OCC Head: Nobody Will Ban Bitcoin – Good News Are Coming By The End Of Trump’s Term

In response to recently emerged rumors of crypto regulations, the OCC chief said good things are coming by the end of the Trump administration.

The Australian Senate just voted to kill the $10,000 'cash ban' bill

A controversial bill to ban the use of cash for transactions over $10,000 has been voted out by the Australian Senate A bill proposed by Australian lawmakers to ban the use of cash for transactions over $10,000 has been killed by a unanimous Senate vote.  One Nation Senator Malcolm Roberts brought the motion to remove the bill today after more than a year of trenchant opposition to it from a cross section of the community, including cryptocurrency proponents.

Russian central bank opposes ruble-pegged stablecoins

Russia wants to follow China’s approach of banning private stablecoins pegged to its national fiat currency. Senior officials at the Bank of Russia have come out against the issuance of private stablecoins pegged to the Russian ruble. Sergei Shvetsov, a first deputy governor of the Russian central bank, said that the bank aims to ban private firms from offering stablecoins backed by the country’s fiat currency.  Russian crypto developers will only be able to use the Bank of Russia’s digital ruble, Shvetsov said.

Here's why a Bitcoin and crypto ban in India is unlikely

After the Supreme Court’s ruling to quash the ban on cryptocurrencies in India, activity in the crypto space has grown significantly, however, some rumors have still emerged about the uncertainty re The post Here's why a Bitcoin and crypto ban in India is unlikely appeared first on AMBCrypto.

US Regulator Wants to Put an End to Unfair Practices Against Crypto Businesses

A proposal shared by the Comptroller of the Currency of the US to ban discriminatory practices against crypto businesses is now under consideration