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Tehran Government Bans Iran Blockchain Association

20.6.2021
The Ministry of Interior of the Islamic Republic has suspended the Iran Blockchain Association (IBA). The measure comes after the organization allegedly breached government regulations. IBA unites participants in the country’s growing crypto sector who are engaged in blockchain technology...

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...

Indian Government May Regulate Crypto as Asset Class: Report

13.6.2021
India may be regulating crypto as an asset class under the purview of the Securities and Exchange Board of India (SEBI). In addition, a crypto bill is likely to be introduced during the Monsoon session of parliament, local media reported. Indian Government Reportedly Considers Regulating Crypto...

Thailand Bans Meme Coins, Fan Tokens, NFTs From Trading on Crypto Exchanges

12.6.2021
The Thai Securities and Exchange Commission (SEC) has enacted new rules for cryptocurrency exchanges operating in the country. Certain types of cryptocurrencies, including meme coins, fan coins, and non-fungible tokens (NFTs), are prohibited to trade on crypto exchanges. Thailand Sets New Rules...

The CBN Says Nigeria Will Have a Digital Currency Before End of Year

12.6.2021
Nigeria is likely to have its own central bank digital currency (CBDC) by the end of the year, an official with the Central Bank of Nigeria (CBN) has said. In his remarks following the bankers’ committee meeting, Rakiya Mohammed, who is the director of information technology at CBN, also...

Russian Court Bans Websites Explaining How to Trade Bitcoin

11.6.2021
A court in Russia’s Perm region has decided to block a number of websites describing how to exchange cryptocurrency for fiat cash. Local prosecutors claim the dissemination of this type of information is against the law in Russia as it may facilitate the laundering of illicit funds. Kungur...

Iran Seizes 3,000 Crypto Mining Devices in a Week

10.6.2021
Authorities in Iran have confiscated 3,000 units of mining hardware in just one week as part of a push to curb illegal crypto mining amid power shortages and blackouts. In a single year, Iranian law enforcement has shut down over 180 crypto farms in Tehran Province alone. Over 500 Crypto Mining...

China’s Qinghai Province Instructs Bitcoin Mining Operations to Shut Down

10.6.2021
Following the report that indicates specific Chinese miners in the Xinjiang region were told by officials to shut down, another agency in Qinghai has informed miners to cease operations in a recently published government mandate. Similarly, the Qinghai Industry and Information Technology...

Rainy Season Will Test Just How Watertight China’s Bitcoin Mining Ban Is

8.6.2021
Some Chinese provinces appear to be cagey about whether they will ban crypto miners from operating during the country’s rainy season – a time of the year when rivers swell and hydropower stations typically produce high quantities of surplus electricity. Per reports from the 21st Century Business...

A Brief History on China’s Bitcoin Ban

8.6.2021
What’s happening right now with Bitcoin in China? It’s important because, as one of the world’s largest superpowers, China has the capability to move markets in particular ways. It’s also home to the majority of Bitcoin mining activity, which is essential for this emerging...

South Korea To Ban Exchange Insiders from Trading on Own Platforms

8.6.2021
The top South Korean financial regulator is set to launch a fines system for insider trading, and will move to block exchange staff from using their own platforms to perform crypto trades. Per Chosun, the regulatory Financial Services Commission (FSC) is “pushing” the government to accept its plan...

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