Search Results for "ban"
Japanese Multinational’s Blockchain App Taps India’s Tech Talent Pool Neglected By Trump’s Visa Ban
NEC Corporation, a Japanese multinational information technology and electronics company, has partnered Persol Career, a job-hunting firm, to pilot its blockchain app to help corporate Japan recruit Indian tech engineers. Nearly 2000 Indians are expected to be hired via the app in the next three years,
The Adoption of Bitcoin May See Considerable Increase if the Proposed Cash Ban in Australia Activates
Under the new bill being considered by the Australian Parliament, people could be jailed for two years and pay a fine of $ 25,200 for just using more than $10,000. If this bill is passed, it will force its citizens to look away from traditional fiat currencies and go for decentralized digital currencies such as Bitcoin.
India Considers New Law to End Crypto Trading Despite Numerous Overturns by the Supreme Court
The Indian government is planning to bring in a new law to ban cryptocurrency trading, following the prohibition of banks and financial services to provide services related to crypto.
India Considers Banning Crypto Trading Which Could Impact 1.7 Million Dependent Local Traders
The federal cabinet in India is expected to discuss a new bill that could once again ban cryptocurrency trading in the nation.
Russia’s Largest Bank Sberbank Buys 5,000 Blockchain ATMs Despite Authorities' Plan to Ban Crypto
Sberbank, Russia’s largest bank, is purchasing more contactless ATMs that are powered by blockchain. The banking giant is making such a move despite an upcoming bill that aims to penalize individuals and firms that use and trade cryptocurrencies in financial transactions. Sberbank’s ATMs have nothing to do with cryptocurrencies as they do not act as BTMs (Bitcoin ATMs). The banking institution just intends to cut the need for physical contact associated with the use of bank debit/credit cards amid the coronavirus pandemic. Throughout the COVID-19 epidemic, Sberbank has been preferring to cut down the use of plastic cards because of health concerns.
Congress Members “Express Concern” Over Treasury’s Potential Crypto Wallet Regulations
Four members of Congress have expressed concerns in a letter to the US Treasury Secretary Steven Mnuchin, over their rumored self-hosted crypto wallet regulation ban.
The OCC is Focused on "Not Killing" Bitcoin and Crypto says Acting Comptroller Brian Brooks
Brian Brooks has affirmed that the OCC is not planning any ban or stringent regulation on Bitcoin or other cryptocurrencies.
Is Bitcoin in India about to Boom? Paxful Survey Projection
Paxful, the peer-to-peer bitcoin marketplace, has released a survey that indicates India’s enthusiasm for Bitcoin has been reignited following the landmark decision to lift the ban on crypto trading.
Indian Crypto Exchanges Seek Clarity on Legal Status and Taxability from the Reserve Bank of India
Crypto exchanges and companies in India are still seeking regulatory clarity and tax status from the Reserve Bank of India following a Supreme Court ruling in favor of the crypto industry earlier this year. India’s Supreme Court reversed the ban placed by the central bank on financial institutions offering crypto-related banking services. It is two months after lifting the ban, crypto exchanges and firms are now seeking clarification regarding the nature of their operations.
Russia Restricts Anonymous Cash Deposits to Online Wallets
The Russian Government has put strict limits on anonymous deposits made to online wallets. While it is not a complete ban, the initiative by lawmakers is promoted as a step to deter illegal activity such as money laundering and illicit drug transactions and could affect up to 10 million users.
Facebook, Google, Twitter Face $600 Million Class Action Lawsuit Over Cryptocurrency Ad Ban
The trio of Facebook, Google and Twitter have been slammed by a $600 million class-action lawsuit by a group of companies and individuals backed by Sydney based JPB Liberty
South Korea Passes Comprehensive Law Officially Legalizing Cryptocurrency Trading And Holding
A day after India’s Supreme Court lifted the ban on cryptocurrencies, South Korea has followed in their footsteps as the nation’s National Assembly has amended the Act on Reporting and Use of Specific Financial Information. This move fully legalizes cryptocurrencies in South Korea.