Tags : Ban

Regulation

“You’d have to shut down the Internet” to ban Bitcoin,

Any of the government’s efforts to ban Bitcoin would be “foolish,” said Hester Peirce (aka “Crypto Mom”), a very Bitcoin-friendly commissioner at the U.S. Securities and Exchange Commission (SEC), during a MarketWatch virtual conference earlier this week. “I think we were past that point very early on because you’d have to shut down the Internet,” […]Read More

Bitcoin

Norwegian billionaire buys Bitcoin after calling for its ban last

Norwegian kroner billionaire Øystein Stray Spetalen has invested “heavily” in both Bitcoin (BTC) and local crypto exchange MiraiEx—after lambasting the crypto just last week, Finansavisen reported on Friday. Per the publication, Spetalen has recently bought an undisclosed amount of BTC as well as invested in Norwegian cryptocurrency exchange MiraiEx. By its own admission, the platform […]Read More

Bitcoin

Billionaire investor sees “good probability” of a Bitcoin ban

Billionaire investor and founder of Bridgewater Associates Ray Dalio warns that there’s a “good probability” that governments will move to ban Bitcoin. Bitcoin represents a threat to the monopoly of the supply of money The end of 2020 saw Dalio blast Bitcoin on several fronts, including a view that it’s a poor medium of exchange […]Read More

Cryptocurrency

Bitcoin drops 10% after Indian government proposes new crypto ban

Today, Bitcoin dropped more than 10% after the Indian government proposed legislation for banning Bitcoin, according to Reuters. The government already had plans to ban cryptocurrencies since January — but now it’s become clear that the goal is to strictly regulate profiting with Bitcoin, which includes holding or trading. $1 Billion in Positions Liquidated According […]Read More

Bitcoin

Bitcoin Weekly Outlook: India Ban Scare, FOMC Meeting in Focus

Key Bitcoin Takeaways Bitcoin slipped on Monday after logging a record high above $61,000 during the weekend session. Fears of a crypto ban in India and recovering US dollar and bond yields pressured the cryptocurrency. More clues about the market bias to come from this week’s Federal Open Market Committee’s meeting. Bitcoin fell more than […]Read More

Regulation

Hong Kong’s Bitcoin trading ban could see users turn to

Hong Kong’s crypto users could shift to “unregulated” and riskier venues to trade their digital assets should the government move forward with tighter controls on the rising sector, a group of crypto exchange owners said over the weekend. The way out of regulation The statements came months after Hong Kong’s Financial Services and the Treasury […]Read More

Market

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

India’s cryptocurrency investors were caught off-guard and left confused after news broke Friday that the country’s Parliament will be considering a government-backed bill that would ban “private” cryptocurrencies. Given the ruling party controls both houses of Parliament, the bill’s chances of becoming law are good. The Cryptocurrency and Regulation of Official Digital Currency Bill 2021 […]Read More

Market

India Would Ban Private Cryptocurrencies Under Proposed Legislation

The Indian Parliament will consider a government-introduced bill that would ban private cryptocurrencies in its upcoming budget session. According to the Lok Sabha Bulletin published Friday, the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, seeks to prohibit all cryptocurrencies in India and provide a framework for creating an official digital currency to be […]Read More

Bitcoin

Jack Dorsey defends his ban of Donald Trump and advocates

The Twitter founder is a known Bitcoin advocate. But a recent action saw his platform getting embroiled in controversy. Why ban Trump? Twitter founder Jack Dorsey took to his platform this morning to explain banning the account of incumbent US President Donald Trump, a move that sparked controversy. I do not celebrate or feel pride […]Read More

Regulation

India Plans Bitcoin Ban Even as Its Banking System Gradually

The Indian government is planning to introduce a law that would effectively ban Bitcoin. Local media reports that the Ministry of Finance has moved the proposal for inter-ministerial consultation. India’s decision to ban cryptocurrencies surface even as it faces one of its worst credit and banking crisis. The Indian government may ban Bitcoin. According to […]Read More