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Nigeria’s Central Bank Orders Banks to Close Accounts of All Crypto Users

5.2.2021
Any breaches of the order would face "severe regulatory sanctions," the central bank warned

Analysis Shows Bitcoin Whales Are Stockpiling, but ‘BTC Ownership Is Not Highly Concentrated’

4.2.2021
During the last few months, a few reports from mainstream media (MSM) outlets tried to prove that a large sum of bitcoin is controlled by a small group of people. Recently, Bloomberg claimed that “2% of accounts control 95% of all bitcoin,” a claim that doesn’t hold weight...

Call Of Duty: Warzone Bans Over 60,000 Accounts For Cheating

3.2.2021
Activision banned over 60,000 accounts in Call of Duty: Warzone yesterday. In a statement, the publisher cited use of cheat software in the battle royale. The bans follow several months of community frustration about aimbot and wallhack cheats that players blatantly use in both casual matches...

Asia accounts for almost half of global crypto trading: Messari report

20.1.2021
Crypto activity in Asia is equivalent to that in the U.S. and Europe combined

Australian Bitcoin Trader Sues Banks for Systematic Discrimination

19.1.2021
An Australian bitcoin trader has filed a lawsuit against two of the country’s biggest commercial banks, accusing them of systematic discrimination when they closed his accounts on short notice. Allan Flynn is demanding compensation of AU$250,000 ($193,000) from ANZ and Westpac banks...

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...

Russian Banks Given Power to Freeze or Block Crypto-linked Accounts

11.1.2021
New Russian banking regulations will allow financial institutions to freeze or block the bank accounts of individuals or companies they think are associated with crypto activities. The rule change have been imposed by the nation’s Central Bank, which has outlined changes it will make to...

Chilean Court Orders Two Major Banks to Keep Open Checking Accounts of Crypto Exchange Buda

5.1.2021
Chile’s Free Competition Defense Court (TDLC) ruled in favor of the Latin American cryptocurrency exchange Bud after their checking accounts were closed by two major banks in the midst of a lawsuit related to a Ponzi scheme unrelated to the exchange. Chilean Court Rejected Petitions From...

Russia's Central Bank tries to stem the tide of rubles leaving bank accounts

4.1.2021
With the declared intent of reducing risk, the moves look to cut new investors off from opportunities to get out of the ruble

Economics Professor Tyler Cowen Says Cryptos Useful as Hedges or Forms of Payments – ‘Not Both’

4.1.2021
Tyler Cowen, an economist and professor at George Mason University, has suggested that the key use cases of cryptocurrencies are mutually exclusive. He argues that cryptos can either be important inflation hedging tools or useful forms of payment but not both. The Regulation Threat The professor...

FinCEN to Impose New Regulation for Crypto Holdings at Foreign Exchanges

1.1.2021
The Financial Crimes Enforcement Network (FinCEN) has announced that it will soon propose new regulation affecting cryptocurrency holdings at foreign exchanges. This proposal is separate from the one FinCEN recently proposed on cryptocurrency wallets. FinCEN’s New Crypto Rules FinCEN,...

Physical Crypto Bank Opens in India — These 14 Locations Offer In-Person Banking, Lending, Crypto Exchange

30.12.2020
A crypto bank has begun opening physical branches in India through a joint venture between Cashaa and United Multistate co-op society. Customers can open bank accounts, buy and sell cryptocurrencies, obtain crypto-backed loans, as well as learn about crypto. Crypto Bank Opens Physical Branches...

Visa Grants Principal Membership to Crypto Payments Platform Wirex

24.12.2020
London-based crypto-payments platform Wirex can now issue Visa accounts and process transactions autonomously, as the firm became a principal member of the payments giant. Crypto Payments Platform Wirex Gets Principal Membership From Visa to Issue Cards Autonomously According to the announcement...

Indian Police Bust International Bitcoin Extortion Rackets, 96 Arrested

23.12.2020
Ninety-six people have reportedly been arrested in India for allegedly extorting bitcoin from foreigners. They set up illegal call centers, posed as police officers, and told the victims that their bank accounts had been used in illegal transactions. They also threatened to immediately arrest...

South African Regulator’s Probe Into Mirror Trading International Unearths Previously Undeclared Losses and Missing Bitcoins

19.12.2020
South African financial regulator, the Financial Sector Conduct Authority (FSCA), has filed criminal charges with local law enforcement against Mirror Trading International (MTI), the alleged online bitcoin trading scam. The regulator says its decision to press charges follows an investigation into...

Brazil Revenue Collector’s Data Shows Cryptocurrency Volumes Exceed $6 Billion Between January and September

15.12.2020
Raw data from the Federal Revenue of Brazil (RFB) shows that crypto traded volumes in the country exceeded $6 billion between January and September this year. According to the data, bitcoin dominates as it accounts for over 80% of traded volumes. Still, other cryptos like bitcoin cash, dai,...

France Approves New Cryptocurrency Measures to Fight Anonymous Transactions

14.12.2020
The French council of ministers has approved a series of new measures to combat the anonymity of cryptocurrency transactions. Anonymous accounts are banned at crypto exchanges which must now impose stricter know-your-customer requirements. France’s Finance Minister Bruno Le Maire says...