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TerraUSD, Terra LUNA Price Drop As Algorithmic Stablecoins Face Ban


The USTC, LUNA and LUNC price are in the red today amid breaking news that a House stablecoin bill could see coins like TerraUSD banned for two years. Bloomberg, who obtained a copy of the proposed stablecoin bill, reported: Stablecoin legislation being drafted in the House would place a two-year...

South Korea’s Central Bank Calls for End to ICO Ban


South Korea’s blanket ban on initial coin offerings (ICOs) could finally be on the way out after the central Bank of Korea (BOK) spoke out in favor of policy change. The ban was first put into place in late 2017 as crypto fever took hold in the country and the government responded with a series...

Here’s Why Russia Has Issued a New ‘Crypto Payments Ban’


Vladimir Putin, the president of the aggressor state of Russia, has signed a new law that will ban the use of cryptoassets and other “digital assets” in the payments space – even though crypto pay is already illegal in the country. The use of cryptocurrencies as a means of payment was prohibited...

India Won’t Legalize or Ban Crypto at This Stage, Finance Minister Confirms


India’s finance minister has revealed the current status of crypto policy in India, including whether crypto will be legalized or banned in the country. The question surrounding the legitimacy of cryptocurrency was raised in parliament after the government announced that income from crypto...

Top Russian MPs Dismiss Central Bank’s Calls for a Crypto Ban


  The Russian political talk shop is open – or at least it is for crypto, with many leading lawmakers hitting back at the Central Bank’s calls last week for a blanket ban on cryptoassets and token mining.... Read More: Top Russian MPs Dismiss Central Bank’s Calls for a Crypto Ban

Russian Central Bank Proposes Crypto Use and Mining Ban


  The central Bank of Russia today proposed banning the use and mining of cryptoaassets on the country's territory. The proposed ban encompasses crypto exchanges too.  The bank is citing threats to financial stability, economic security, and monetary policy sovereignty to justify this...

Chinese Crypto Users Still Find Ways to Circumvent Ban


  Crypto users in Mainland China are still finding ways to trade while major exchanges are preparing to disable service for Chinese users by the end of the year.... Read More: Chinese Crypto Users Still Find Ways to Circumvent Ban

Bitcoin Hashrate Close to Full Recovery After China’s Mining Ban


  The hashrate, or the computational power of the Bitcoin (BTC) network is close to a full recovery after a massive migration of miners out of China following a ban on mining and other crypto-related activities there in May this year.  According to the latest data, the hashrate of the Bitcoin...

No, Facebook Has Not Reversed Its Crypto Ad Ban


Meta, the parent company of social media giants Facebook and Instagram, has recently updated its eligibility criteria for running crypto ads, adding a total of 24 more regulatory licenses to its list of accepted licenses. While the move marks progress in Facebook's long-standing policy that barred...

Major Swedish Power Company Defends Bitcoin Mining as Regulators Propose Ban


A joint statement from the directors-general of the Swedish Financial Supervisory Authority and the Swedish Environmental Protection Agency has called for a total ban on proof-of-work mining of cryptocurrencies, such as Bitcoin (BTC), within the EU. Meanwhile, Sweden’s state-owned power company...

Alternatives Emerge as Blockchain Gaming Industry Tries to Avert Steam Ban


The Enjin (ENJ) platform, advocacy groups the Blockchain Game Alliance and Fight for the Future, along with a group of 26 blockchain game businesses have called on US game developer Valve Corporation to scrap their ban on Web 3.0 technologies such as blockchain games and non-fungible tokens (NFTs)...

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