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Danish Court Upholds Nordea Bank Ban on Employees Owning Bitcoin

News A Danish court has ruled that Scandinavian financial services giant Nordea can bar its employees from owning Bitcoin (BTC) and other digital currencies. As BNN Bloomberg reported on Dec. 3, the court justified the restriction by citing the purported risks associated with cryptocurrencies. How..

Russia Reportedly Considers Ban on Using Crypto as Means of Payment

News Russia is allegedly preparing a ban on the use of cryptocurrencies to pay for goods and services. A report from Izvestia on Nov. 29 cites several sources allegedly familiar with ongoing discussions at the country’s central bank, financial regulator and Ministry of Finance in support of a ban...

Binance Buyout in India Takes Industry Fearful of Regulation to Hope

Analysis In April 2018, the Reserve Bank of India, the country’s central bank, initiated a major crackdown on the trade and purchase of cryptocurrencies such as Bitcoin within its borders. RBI Deputy Governor Bibhu Kanungo declared that all RBI-regulated entities are to “stop having business relat..

Why Bitcoin: China Testing Ban of Cash Transactions to Stave Off Crime

The need for a form of decentralized money like Bitcoin was just validated… again. The reason: one of the world’s largest economics has just announced that it will be restricting large cash transactions, seemingly to eliminate crime, control the capital of their citizens better, and to force centra..

Supreme Court of India Postpones Cryptocurrency Ban Hearing to November

News The Supreme Court of India has postponed a hearing that would consider the Reserve Bank of India’s (RBI) ban on providing services to cryptocurrency-related business. In an Oct. 16 session on the ban that prohibits banks and financial institutions from providing digital currency-related servi..

Major Exchanges Urge UK Regulator to Not Restrict Crypto Derivatives

News The World Federation of Exchanges (WFE), a global trade association of publicly-regulated exchanges, has appealed to the United Kingdom’s Financial Conduct Authority (FCA) to not restrict cryptocurrency derivatives for retail investors. The WFE made a statement on Oct. 7 in response to the Br..

Burundi Bans Cryptocurrency Trading Due to Lack of User Protection

News The Republic of Burundi in central Africa has banned the trading digital currencies in the country due to associated risks. As Bloomberg reported on Sept. 4, some Burundian citizens urged the government to take action regarding cryptocurrency trading after they lost money while dealing with v..

Indian Supreme Court Orders RBI to Answer Crypto Exchanges, New Date Set

After hearing the arguments against the banking restriction by the Reserve Bank of India (RBI) in detail, the Indian supreme court directed the central bank to reply to the representations filed by crypto exchanges. Since the RBI has not adequately answered them, the court set a new date to resume h..

RBI Defends Its Power Over Crypto in Indian Supreme Court

The Indian supreme court heard the case against the crypto banking restriction by the Reserve Bank of India (RBI) in detail Tuesday. After many arguments challenging the RBI’s power over crypto were presented, the counsel for the central bank began making the case against cryptocurrency. Also read:..

Crypto Regulation Outlook in 2019 — What Is the Global Scenario?

Crypto Map As the global investor community starts to become increasingly aware of what crypto has to offer, it appears as though this burgeoning asset class is becoming more and more accepted. This is probably best highlighted by the fact that after experiencing bearish conditions all through 201..

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