Australian banks not
banning cryptocurrency transactions is yet another hope for the community.
The South Korean government's official announcement came after a massive backlash and criticism against the Ministry of Justice, which independently announced its plans of
banning cryptocurrency trading.
Then the «India is
banning cryptocurrency» story broke loose.
Jung further explained that the cryptocurrency regulation task force, created by the government, will instead alter the original proposal of
banning cryptocurrency in order to regulate the market more efficiently.
The comments are a direct response to lawmakers Saktiandi Supaat, Lim Biow Chuan and Cheng Li Hui, who questioned the PM over possibility of
banning cryptocurrency in Singapore, according to an order paper prior to a parliament meeting on Feb. 5.
Later, South Korea's presidential office confirmed that the government has «not finalized» on any such decision about
banning cryptocurrency trading activities in the country.
It is important to note that this year, every dip in Bitcoin price was recovered in less than a week — whether it be due to China
banning cryptocurrency exchanges or fears over chain split.
South Korean policymakers have taken some measures, such as
banning cryptocurrency trading from anonymous accounts and they also plan to implement a tax on the digital assets.
The chat groups now risk being shut down as a new development shows that after
banning cryptocurrency exchanges, traders are still trading in the chat platforms.
Kazakhstan's national bank decided to «protect» its citizens by
banning cryptocurrency, despite a high level of corruption, rigged elections and blatant disregard of basic human rights prevalent in the country.
What is rather intriguing is how Guofeng made no mention of
banning cryptocurrency exchange activity.
This method of capital raising has been growing at a feverish pitch recently but now Beijing suggested it may also be
banning cryptocurrency as well.
Twitter Inc will start
banning cryptocurrency...
South Korea's Finance Minister confirmed Wednesday that his country has no intention of
banning cryptocurrency exchanges, extinguishing lingering fears about a harsher crackdown on the digital asset class.
While the option of
banning cryptocurrency exchanges has not been fully ruled out, Hong explained in the video that South Korea's prime minister had recently indicated that prohibiting the use of cryptocurrency exchange is just one of many possibilities, and the government currently is currently not considering the most serious scenario.
Google follows Facebook in
banning cryptocurrency related advertising on its platform.
Yet, Hong's video today perhaps indicates that instead of
banning cryptocurrency trading, the government is focusing more on a strict implementation of anti-money laundering activities for the time being.
Just recently, Mailchimp jumped onboard with Google, Twitter and Facebook
banning cryptocurrency ads.
Elsewhere this week, there was an increased crackdown by mainstream social media platforms, further
banning cryptocurrency ads.
Regarding
banning cryptocurrency advertisements, the social networking company's news page wrote «We want people to continue to discover and learn about new products and services through Facebook ads without fear of scams or deception.
But Google has a far bigger task than
banning cryptocurrency mining extensions in Chrome.
Regarding the latter, both Facebook and Google are
banning cryptocurrency advertising on their ad networks and now another social media giant, Twitter, is thinking of following suit.
Like other digital currencies, BCH has struggled under the weight of speculation that South Korea was moving toward
banning cryptocurrency trading.
Capital One Financial and Discover have followed suit,
banning all cryptocurrency purchases with their credit cards, with Discover CEO David Nelms describing virtual money users as «crooks... trying to get money out of China or wherever.»
This week Google announced they'd be
banning all cryptocurrency and Initial Coin Offering (ICO) advertisements.
We have written before about Google
banning cryptocurrency and Initial Coin Offering related advertisement.
Internationally, China is blocking offshore crypto platforms to protect against illicit issuance and fraud, while South Korea is trying to outlaw anonymous accounts but has no intention of
banning cryptocurrency trading.
Twitter revealed last Monday that it was following Google and Facebook by
banning cryptocurrency ads, and that ban is now set to come into effect.
But rather than
banning cryptocurrency trading, such regulators asked the exchanges to maintain separate customer funds, capital reserves and implement KYC procedures in its dealings.
On Monday, Twitter announced it would follow Google and Facebook's lead in
banning cryptocurrency advertising.
China, one of the hardest countries towards cryptocurrencies has decided to keep
banning cryptocurrency activities.
Overseas, China is blocking offshore crypto platforms to protect against illicit issuance and fraud, while South Korea attempts to outlaw anonymous trading but says it has «no intention» of
banning cryptocurrency trading.
Such actions of regulatory houses should not be viewed as a stand in favour of
banning the cryptocurrency but just a lookout so that these startups do not use the money raised from self - created tokens in a manner which can be detrimental for investors.
$ 80 Billion Exits Crypto Market Amid South Korean Jitters, but Seoul Is Not
Banning Cryptocurrency
A few days later, e-mail distribution platform MailChimp also joined the fray,
banning cryptocurrency and ICO ads, in order to put a complete stop on «scams, fraud, phishing, and potentially misleading business practices.»
The social media site will start
banning cryptocurrency ads from Tuesday, including initial coin offerings and token sales.
Facebook argued that
banning cryptocurrency ads makes sense as such content is «frequently associated with misleading or deceptive promotional practices.»
Bitcoinist reported several weeks ago that Twitter was reportedly set to begin
banning cryptocurrency ads on a global scale.
A growing number of internet companies are
banning cryptocurrency advertising, fearing reputational damage if their users are duped or left penniless, even as regulators struggle to get to grips with the fast - emerging industry.
Facebook is
banning all cryptocurrency - related ads, including those involving bitcoin, claiming that such ads are «frequently associated with misleading or deceptive promotional practices».
Parliament members Saktiandi Supaat, Lim Biow Chuan and Cheng Li Hui raised questions to the PM as to whether the government is reconsidering the drafting of a regulatory framework and the possibility of
banning cryptocurrency trading in Singapore.
Earlier in February, a group of United States and United Kingdom - based banks announced they were
banning cryptocurrency purchases on their credit cards.
Kazakhstan National Bank is considering a conservative move of completely
banning any cryptocurrency - related operations in the country.
- Monero developers have changed the PoW algorithm to prevent DoS attacks by ASIC devices - Santander UK will launch an international money transfer app in partnership with Ripple - Kakao establishes a blockchain subsidiary, Ground X - LitePay ceases all operations - Twitter will starts
banning cryptocurrency advertising... [Read more...] about Crypto news in brief (March 27, 2018): Monero, Antminer X3, Santander UK, Ripple, Kakao, LitePay, Litecoin, Charlie Lee, Twitter
MailChimp added its name to the growing list of digital services and platforms
banning cryptocurrency and initial coin offering promotions this past week.
Twitter is the latest entry on a growing list of internet sites that are
banning cryptocurrency ads.
Despite Russia's attempts at
banning cryptocurrency, user adoption has been increasing.
On Monday, Twitter announced it would follow Google and Facebook's lead in
banning cryptocurrency advertising.
Do you think Twitter is doing the right thing, or are in the wrong, by
banning cryptocurrency ads?
The third leg of the recent correction came Wednesday after Google said it was
banning all cryptocurrency - related advertising.