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New World Bank Report: Nigeria’s Exchange Rate Policies Fueling Inflation, Affecting Food Prices
21.6.2021
Nigeria’s use of multiple exchange rates regimes may have contributed to a rise in the country’s inflation rate, the latest World Bank report has said. In addition, the report says ongoing restrictions on the use and movement of foreign exchange are “further pushing up prices...
Abkhazia Shuts Down 8 Crypto Farms Amid Ongoing Crackdown on Mining
16.6.2021
Authorities in Abkhazia, the partially recognized South Caucasus republic, have discovered and closed down eight crypto mining farms in just two weeks. Since the beginning of June, law enforcement agents have disconnected more than 300 mining devices from the grid and fined an operator. Over...
Cuba’s Central Bank Suspends US Dollar Deposits Nationwide – Officials Cite Embargo ‘Obstacles’
13.6.2021
The Republic of Cuba is suspending the use of U.S. dollars due to embargo restrictions with U.S. and foreign banks. The central bank of Cuba’s restrictions stems from the “obstacles that the U.S. embargo creates for the national bank system.” Cuba Bans USD Deposits, BCC Tells...
US-Sanctioned Actors Use Crypto in New Ways to Evade Restrictions - Report
28.5.2021
Sanctioned actors and jurisdictions worldwide are finding new ways to use cryptoassets to evade restrictions and continue their illicit activities, per a recent report by blockchain analytics firm Elliptic.
Some of the ways this is accomplished is using privacy coins, coinswap services, privacy...
Restrictions on Crypto Trading to Deprive Nation of Opportunities, Iranian Fintechs Warn
18.5.2021
Startups have spoken out against government attempts to curb the operations of crypto exchanges in Iran. Cryptocurrency trading is not illegal, Iranian fintechs insist, calling on lawmakers and regulators to develop rules that would allow the sanctioned country to continue to take advantage...
Official Remittance Inflows to Zimbabwe Surged to $1 Billion After Covid-19 Restrictions Forced Migrants to Use Formal Channels
13.5.2021
Cross border remittances into Zimbabwe surged to $1 billion in 2020, more than a 36% increase from the $636m that was recorded in 2019. This surge in remittances occurred despite the “steep decline in economic activity in host countries, which in turn made it difficult for migrants in...
P2P Bitcoin Traders in Nigeria Think Outside the Box in the Wake of CBN Restrictions
18.4.2021
After the Central Bank of Nigeria issued a directive targeting the country’s cryptocurrency industry, bitcoin and altcoin trade volumes on centralized exchanges immediately plunged. Nevertheless, the new regulations seem to have succeeded in boosting crypto trade volumes on informal markets...
Bridgewater’s Ray Dalio Warns Government Could Restrict Bitcoin Investments, Impose ‘Shocking’ Taxes
21.3.2021
The founder and chief investment officer of Bridgewater Associates, the world’s largest hedge fund firm, has warned that the government could “impose prohibitions against capital movements” into assets such as bitcoin. He added that regulators may also impose changes in taxes that...
Central Bank of Nigeria Official Reiterates Nigerian Residents Free to Trade Cryptos: Directive Only Applies to Banking Sector
21.3.2021
A senior executive with Nigeria’s central bank, Adamu Lamtek, has reportedly denied that his institution had placed restrictions on the use of cryptocurrencies. Instead, Lamtek, who is the deputy governor responsible for corporates services at the Central Bank of Nigeria (CBN), says...
Report: Covid-19 Caused 50% of Adults Aged Between 35 and 44 to Embrace Cryptocurrencies
16.3.2021
A new study, which was undertaken by the Slovakian internet security company Eset, finds 50% of 35 to 44-year-olds have become involved in cryptocurrencies since the pandemic. The figure, the highest for any age group, underscores the role Covid-19 restrictions had in forcing citizens from...
How To Get Around The PS5's Screenshot Restrictions
8.3.2021
Hitman 3 is a looker. But if you try to take a screenshot on PlayStation 5, you’ll run into an issue: Hitting the Create button causes Hitman 3 itself to pause, meaning you’ll only be able to get a screenshot of the game’s menu. It’s a lovely menu, for sure, but not exactly on par with...
Binance Suspends Ethereum and ERC-20 Token Withdrawals Before Quickly Reversing Course
23.2.2021
The rollercoaster-ride in cryptocurrency prices on Monday was accompanied by Binance’s fresh restrictions for ethereum and ERC-20 tokens. Ethereum Network Congestion Fingered as the Culprit for the Temporary Halt Through the official Binance Twitter account, one of the world’s largest...
Central Bank of Nigeria Denies It Has Placed New Restrictions on Cryptocurrencies — Uses Debunked Claims to Justify New Directive
10.2.2021
Following the outcry over the Central Bank of Nigeria’s latest directive that targets cryptocurrencies, the institution has reaffirmed its stance with another statement. In the latest five-page document, the CBN insists that this directive is intended to protect the country’s financial...
How Video Game Review Restrictions Work (And Don't)
4.2.2021
The recent Cyberpunk 2077 review fiasco has people asking (again) why reviews of big budget games are what they are. Let’s talk about it.Read more
Retail Traders Sue Robinhood Over Meme Stock Restrictions
28.1.2021
Robinhood faces suits in Chicago in New York just hours after it's GME buy freeze
Coinbase Issues a Public Apology to EU and UK Customers — Did Not Address Its Global Issues
15.1.2021
Cryptocurrency exchange Coinbase published a statement addressing their U.K. and E.U. customers, apologizing for system outages and account restrictions. The company also recognized their customer support “has not been at the levels” expected. High Flow of Incoming Customers According...
'Brotherhood Is Healing': When Men's Self-Help Groups Collide With Covid Restrictions
7.1.2021
Late last month, the self-help coach Jordan Maurice Bowditch posted a comedically wide-eyed photo of himself on Instagram and Facebook with a caption announcing that he had “survived” covid-19. “The week I likely got it, I connected with upwards of 100 people (and somewhere in there was unknowingly...
Power-starved Abkhazians Face Internet Restrictions in Crypto Mining Crisis
31.12.2020
After months of power shortages leading to blackouts, brownouts, planned multi-hour electricity shutdowns and a blazing inferno at a power substation, citizens in Abkhazia are now set to be restricted in their internet activities as the government wages a confused war against crypto mining.
After...
Rumored US crypto wallet restrictions: A step toward financial exclusion
18.12.2020
Without proper crypto regulation, the U.S. government might create a massive roadblock to financial inclusivity
Venezuelan Crypto-Friendly Freelancing Platform Emerges Amid Economic Crisis, US Sanctions
10.12.2020
More cryptocurrency solutions keep appearing on the scene for Venezuelan residents as U.S. sanctions weigh on Nicolás Maduro’s government, including heavy restrictions on the circulation of foreign exchange transactions, driving people to find on crypto a way to circumvent such hurdles...