Russian Energy Ministry Proposes Periodic Crypto Mining Restrictions in Certain Regions

November 17, 2024 Bitcoin.com

How the US Fed thinks a Bitcoin ban could preserve deficit spending

November 1, 2024 Coin Telegraph

One week later: X’s future in Brazil on the line as Supreme Court reviews ban

September 6, 2024 Coin Telegraph

Brazilian Supreme Court Bans X, Imposes Fines for VPN Circumvention

September 1, 2024 Bitcoin.com

Venezuela blocks Binance, X amid presidential election dispute

August 12, 2024 Coin Telegraph

Bybit opens registration to Chinese nationals overseas

June 6, 2024 Coin Telegraph

Telegram Banned in Spain for Not Cooperating in Unauthorized Content Probe

March 25, 2024 Bitcoin.com

Singapore’s central bank slugs Three Arrows founders with 9-year ban

September 14, 2023 Coin Telegraph

3AC

Three Arrows Capital founders Kyle Davies and Zhu Su are barred from regulated activities or acting as top execs at any financial firm in Singapore.

Singapore's central bank has issued nine-year prohibition orders to Kyle Davies and Zhu Su over alleged violations of the country's securities laws at their co-founded crypto hedge fund Three Arrows Capital (3AC).

In a Sept. 14 statement, the Monetary Authority of Singapore (MAS) said Su and Davies will be banned from regulated activities during the prohibition period that started Sept. 13.

They also won't be permitted to manage, act as a director, or be a substantial shareholder of any capital market services business in Singapore.

In its decision to bar the pair, MAS said it found further securities law violations when it undertook further investigations into the bankrupt 3AC and its co-founders.

MAS claimed Su and Davies failed to notify the central bank that 3AC employed a new business representative, gave false information to the regulator, and failed to have an appropriate risk management framework in place.

Loo Siew Yee, MAS' assistant managing director of policy, payments and financial crime said “MAS takes a serious view of Mr Zhu’s and Mr Davies’ flagrant disregard of MAS’ regulatory requirements and dereliction of their directors’ duties."

"MAS will take action to weed out senior managers who commit such misconduct” she added.

Magazine: Asia Express: Tencent’s AI leviathan, $83M scam busted, China’s influencer ban

Nigeria central bank missed opportunity for blockchain regulation in 2021 — Convexity CEO

September 7, 2023 Coin Telegraph

Ban

Adedeji Owonibi stated that the Central Bank of Nigeria should have created a blockchain regulation strategy in 2021 instead of cutting ties between cryptocurrency exchange firms and local banks.

A group of Nigerian digital asset professionals took to the stage at the Stakeholders in Blockchain Technology Association of Nigeria (SIBAN)’s Digital Assets Summit 2023 in Abuja, to discuss the future of digital asset regulation in Nigeria.

In the panel titled The Future of Digital Assets: Regulatory Uncertainty and the Way Forward, the group discussed why implementing digital assets regulation and blockchain policy has been slow in Nigeria.

The developmental regulation created by The National Information Technology Development Agency (NITDA) is a big step toward understanding and creating a favorable environment for the blockchain and crypto industry, according to Adedeji Owonibi, CEO of Convexity. Owonibi stated that this step is what the Central Bank of Nigeria (CBN) should have taken back in 2021 instead of cutting ties between cryptocurrency exchange firms and local banks.

*The panel discussion on the Future of Digital Assets at the SIBAN Digital Assets Summit. Source: SIBAN*

Acknowledging NITDA’s strides in crafting a blockchain policy, Preye Itonyo, the deputy director of the agency’s Digital Economy Development Department, highlighted the regulatory hurdle posed by the decentralized nature of blockchain, resulting in a lack of understanding of blockchain and cryptocurrency concepts in Nigeria. He pointed out that this lack of understanding fueled the 2021 crypto-traditional finance ban.

In a recent global survey, Africa’s largest economy, Nigeria, was found to be the most cryptocurrency-aware population in the world and 90% of the Nigerian respondents expressed interest in investing in cryptocurrencies in the next year. However, there is a need for regulation in the industry to foster security while encouraging scalability.

In response to this, Itonyo stated that the already established blockchain policy is the first step Nigeria has taken towards ensuring the safety and protection of crypto investors. He went ahead to reveal that a steering committee has been set up by NITDA to facilitate the implementation strategies of the national blockchain policy. According to Itonyo, the CBN and the Nigerian Communications Commission (NCC) are members of the committee.

Collect this article as an NFT to preserve this moment in history and show your support for independent journalism in the crypto space.

Magazine: How to protect your crypto in a volatile market: Bitcoin OGs and experts weigh in

Apple’s 30% tax rules will stay for now, crypto and NFTs may have to wait

August 10, 2023 Coin Telegraph

App Store

A Supreme Court judge has rejected a request from Epic Games that would've immediately loosened Apple's App Store payment rules, to the potential benefit of crypto and NFT apps.

Crypto app developers hoping for a loosening of Apple's App Store rules will have to wait longer after a United States Supreme Court held off on granting a request to let apps direct users to payments outside of Apple’s ecosystem.

An Aug. 9 decision from Justice Elena Kagan declined to let a federal appeals court decision take immediate effect as Epic had asked — with no explanation for the decision.

Not surprisingly, the Supreme Court (by decision of Justice Kagan, who is the SCOTUS judge to whom such 9th Cir. matters are assigned) denied Epic Games' motion to enforce the injunction it won in district court 2 years ago.

Epic was right; legal standard favored Apple.

1/3 pic.twitter.com/UnpnphgapG
— Florian Mueller (@FOSSpatents) August 9, 2023

In April, the Court of Appeals for the Ninth Circuit ruled Apple violated California’s competition laws by not allowing apps to direct users to non-Apple linked payment solutions.

The ruling meant that developers such as Epic Games would be able to funnel users to alternative payment methods, giving them an option that circumvents Apple’s 30% tax on in-app payments.

The 30% Apple tax has also been a hurdle for crypto firms, including those that want to offer iOS users the ability to purchase non-fungible tokens.

At the moment, there exists no means to buy an NFT on an app listed on Apple’s App Store other than through its in-app payments system, which charges a 30% commission rate and only allows purchases using fiat.

Apple has REALLY tight rules regarding any app that is used on their devices. typically they require a 30% tax on all financial transactions, but bc that's impossible with crypto the way it is, they just ban the apps that have direct links/usage to swapping and trading.
— Caleeeb (@adacaleeeb) August 7, 2023

Apple’s guidelines don’t allow apps to take crypto to unlock app functionality or make in-app purchases using crypto.

This has led to most crypto apps offering only limited functionality, such as being able to view balances and assets only. Crypto exchange apps are unaffected.

Justice Kagan’s rejection of Epic’s request means Apple will get at least a few more months of reprieve from the ruling as it plans a Supreme Court appeal to the decision.

The Ninth Circuit ruling will come into effect if the Supreme Court refuses Apple’s appeal, however.

In its argument to lift the appeals court hold Epic claimed it applied a “lax legal standard” in granting the stay which would injure Epic and “innumerable consumers and other app developers for a significant period of time.”

Apple hit back saying the stay has been in place for two years already and doesn’t apply to Epic anyway. Apple booted Epic’s Fortnite off the App Store in August 2020 for attempting to workaround Apple’s in-app payments system.

NFT Collector: On-chain music sounds off with latest raise, artistic duo Hackatao find their lane

Ban

Share this video