Latest Ban News

  • Blockchain Bites: Crypto’s Bailout Millions, Brazil’s Binance Ban, Lightning’s Bug
    Blockchain Bites: Crypto’s Bailout Millions, Brazil’s Binance Ban, Lightning’s Bug
    Crypto firms received at least $30 million in government-backed loans, Brazil bans Binance's derivatives trading and Mercedes Benz' parent tests blockchain.
  • Tiktok Ban: US May Join India in Banning Chinese Social Media Apps
    Tiktok Ban: US May Join India in Banning Chinese Social Media Apps
    The Trump administration is looking at banning Tiktok and other Chinese social media apps, according to Secretary of State Mike Pompeo.
  • Russia to Reportedly Investigate an Allegedly Fraudulent TON Offering in UK
    Russia to Reportedly Investigate an Allegedly Fraudulent TON Offering in UK
    Russian prosecutors are reportedly investigating a British firm that allegedly sold fraudulent Gram tokens. Shortly after lifting the country’s Telegram ban, Russian authorities began investigating potentially fraudulent offerings involving the company’s unlaunched token, Gram.
  • Crypto Investment App B21 Expands to India
    Crypto Investment App B21 Expands to India
    The Gibraltar-based company said the move was prompted by rising consumer interest and trading volumes in the nation after a ban on banking services for cryptocurrency firms was lifted.
  • Brazil Eases WhatsApp Ban — But It’s Still Suspended
    Brazil Eases WhatsApp Ban — But It’s Still Suspended
    Despite Brazilian regulators lifting a suspension on WhatsApp’s payments, the country’s central bank is still blocking the launch. The payments feature of the popular messaging platform WhatsApp remains suspended in Brazil, despite local regulators easing restrictions placed on its owner, Facebook. On June 24, Brazil’s Administrative Council for Economic Defense, known locally by its Portuguese acronym ‘CADE’ suspended an agreement between Facebook and Brazilian payment firm Cielo to process payments for WhatsApp. On June 30, it reversed the decision, however WhatsApp payments remain suspended as a result of parallel action taken by Brazil’s central bank. New information CADE reversed its sanctions on Facebook and Cielo after receiving information from the firms evidencing a substantial reduction in the risks initially identified by the watchdog. The firms sought to assure CADE that their deal would not compromise the competitive landscape of Brazil’s payments sector, with the documents asserting that Facebook and WhatsApp will merely “offer an additional channel for payments transaction between consumers and merchants.” CADE now accepts that the firms’ partnership “does not translate a closed payment system” noting that the deal allows “the possibility of aggregating other agents active in the payment instruments chain”. “There is evidence that the grounds that supported the decision to impose a precautionary measure do not exist, therefore it is necessary to revoke [it],” CADE concluded. Despite warming to the deal, CADE will continue to investigate the partnership, with the regulator emphasizing that any anti-competitive behavior will result in the reimposition of sanctions against the firms. Brazil’s central bank yet to budge In an announcement, Cielo’s president of finance Gustavo Sousa noted that the firm’s “operation[s] remains under the analysis of the Central Bank of Brazil and that transactions v
  • Central Bank Digital Currency Touted as Solution to US Economic Overhaul
    Central Bank Digital Currency Touted as Solution to US Economic Overhaul
    Talk of a US central bank digital currency (CBDC) dominated proceedings, as the US Senate Committee on Banking, Housing, and Urban Affairs conducted a virtual meeting yesterday.
  • Stefan Molyneux Gets $100K in Crypto Donations After YouTube Ban
    Stefan Molyneux Gets $100K in Crypto Donations After YouTube Ban
    White supremacist Stefan Molyneux received roughly $100,000 in donations following the removal of his YouTube channel. Online supporters have donated nearly $100,000 in cryptocurrency to white supremacist and alt-right activist Stefan Molyneux following his removal from YouTube for “fomenting violence and hatred.” After Molyneux posted a video to his Twitter account on June 29 stating YouTube had banned him from the platform, he issued a request for donations in cryptocurrency through his website.
  • Chances of Indian Crypto Ban Low Compared to 2019, Says Crypto Veteran
    Chances of Indian Crypto Ban Low Compared to 2019, Says Crypto Veteran
    The CEO of CoinSwitch shares his insights about the possibility of a cryptocurrency blanket ban in India. News about the Indian Ministry of Finance circulating a “note” for inter-ministerial consultations of cryptocurrency regulations spurred panic within the Indian crypto community.
  • Buzzfeed fires reporter behind Zero Hedge Twitter ban
    Buzzfeed fires reporter behind Zero Hedge Twitter ban
    Ryan Broderick accused financial blog Zero Hedge of doxing a Chinese scientist.
  • Indian Banks Act Slow to Accept Crypto Industry Despite RBI’s Approval
    Indian Banks Act Slow to Accept Crypto Industry Despite RBI’s Approval
    Indian banks are reluctant to work with crypto firms, even though RBI clears the air. The repeal of a blanket ban on cryptocurrencies in March by India’s central bank, the Reserve Bank of India, has been a boon to the thriving crypto industry in India — with the launch of new exchanges being a catalyst.  This is despite the country being one of the most severely affected nations by the COVID-19 pandemic, which has led to a deepening economic crisis across the nation.