Why India will Face an Uphill Battle Banning Cryptocurrency

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It is no longer news that the India plans to place an outright ban on cryptocurrency. However, what is clear is that the implementation of the ban is no tea party. Therefore, the government cautioned that it would take a tough line on anyone caught dealing in cryptocurrency or its ilk. Perhaps someone should remind … Continue reading “Why India will Face an Uphill Battle Banning Cryptocurrency”

No Need For Supreme Court to Intervene in Crypto Ban: RBI

Posted on Categories Banking, Bitcoin, Blockchain, Cryptocurrency, Exchanges, General, News, Regulations, Technology, UncategorizedTags , , , , , , Leave a comment on No Need For Supreme Court to Intervene in Crypto Ban: RBI

The RBI (Reserve Bank of India) filed an affidavit with the Supreme Court. This was in response to one of the petitions against the crypto banking ban instituted by the RBI. The Ban The central bank said that it enforced the ban in accordance with its power. It said that none of the petitioners provided … Continue reading “No Need For Supreme Court to Intervene in Crypto Ban: RBI”

Despite Ban, Chinese Traders Still have Access to Cryptocurrencies

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Despite the crackdown on cryptocurrencies, Chinese traders are still trading them with Virtual Private Networks (VPNs). VPNs + Tether: Cryptocurrency Trading In fact, Chinese traders have been successfully using the tether (USDT) stablecoin to successfully enter and exit crypto markets without a problem. One US dollar backs every token issued for the Tether cryptocurrency. This is … Continue reading “Despite Ban, Chinese Traders Still have Access to Cryptocurrencies”

Baidu Joins China’s Cryptocurrency Blockade

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As China moves to crackdown on cryptocurrencies, major companies are quickly distancing themselves from digital currency. In fact, Baidu just joined a growing list of companies doing so. Baidu is now filtering, deleting and banning any cryptocurrency-related publications on its Reddit-like Baidu Tieba forum platform. Already, cryptocurrency content on the forums has “disappeared without a … Continue reading “Baidu Joins China’s Cryptocurrency Blockade”

China Crackdown Forbids Hotels, Malls, Offices from Cryptocurrencies

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The empire struck crytpocurrencies exactly when they were just struggling to recover from the blow of the altcoin apocalypse. China has opted to continue its relentless crusade against the digital assets universe this week. Zheping Huang of South China Morning Post verified online documents speaking of continuing crackdowns by the Beijing government on cryptocurrencies. The … Continue reading “China Crackdown Forbids Hotels, Malls, Offices from Cryptocurrencies”

Cryptocurrencies Crackdown Continues in China

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Beijing just intensified its clampdown on cryptocurrencies. All thanks to increased fears of financial insecurity. Authorities will block access to another 124 websites operated by offshore cryptocurrency exchanges that provide trading services to citizens.  It will also monitor and shut down domestic websites related to cryptocurrency trades and initial coin offerings (ICOs). Then, it’ll ban … Continue reading “Cryptocurrencies Crackdown Continues in China”