Chinese Bitcoin Mining Continues to Dominate 55% of Global Hashrate Despite Crypto Ban
China controls 55% of the global #Bitcoinhashrate despite a ban, while #USBitcoinmining pools gain ground, managing 40% of the network. #China #CryptoBan
crypto ban
UK Debates Banning Cold Calls for Crypto Amid Rising Fraud Concerns
With rising fraud concerns, a comprehensive anti-fraud strategy is in the works. đź“žđźš«đź“Š #CryptoFraud #UKRegulation
India’s Central Bank Seeks to Ban Cryptocurrencies in India
he Government of India wants to ban cryptocurrencies in the country. FM Sitharaman told the parliament that the RBI was concerned about the effects of crypto in the country. Earlier this year, India imposed 30% tax on crypto transactions and profits. The turmoil of cryptocurrency has been rising in India after its government said the central bank of India demanded cryptocurrencies to be forbidden in the country. On Monday, India’s finance minister Nirmala Sitharaman told the parliament that the Reserve Bank of India has suggested “framing the legislation” on the crypto sector and was looking to “prohibit” cryptocurrencies. The statement
Think-Tank Infrawatch PH Request To Suspend and Ban Binance PH
Think-tank Infrawatch PH wrote to the central bank of the Philippines to suspend and ban Binance. The think-tank agency stated that the request was due to the exchange’s action to operate without Virtual Asset Services Provider (VASP) license. Last week, Binance said the company is processing its VASP and EMI license in the country. Think-tank Infrawatch PH wrote to Banko Sentral ng Pilipinas, central bank of the Philippines, on Wednesday asking to “suspend and ban” the leading crypto exchange Binance for operating in the country in the absence of a Virtual Asset Services Provider (VASP) license. The letter’s opening as
Nigeria’s P2P Bitcoin Trades Continue to Soar Despite Crypto Ban
Nigeria’s peer-to-peer Bitcoin trading continues to soar. It is up by over 16% despite the country’s central bank ban. The price of Bitcoin (BTC) continues to climb steadily. Nigeria’s citizens continue to show their faith in Bitcoin and cryptocurrencies. In detail, the country’s peer-to-peer (P2P) Bitcoin trades have continued to rise. Specifically, the P2P Bitcoin trading in Nigeria has gone up by over 16%. To highlight, this is a significant statistic as it shows that the people of Nigeria have continued to use Bitcoin despite the central bank enforced ban from last year. From the tweet above, we can see
