カテゴリー: Crackdown

China Targets ‘Disguised’ ICOs in Crypto Crackdown Update

China Targets 'Disguised' ICOs in Crypto Crackdown UpdateThe People’s Bank of China (PBOC) has discussed the regulation of cryptocurrencies and initial coin offerings (ICOs) in a recently published report that highlights its plan to crack down on “airdrops,” while laying the groundwork to potentially issue its own virtual currency. Also Read: Venezuela’s Supreme Court Orders Payment in National Cryptocurrency Report Highlights Plan to […]

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BTCC Launching Cryptocurrency Exchange in South Korea

BTCC Launching Cryptocurrency Exchange in South KoreaHong Kong-headquartered cryptocurrency exchange BTCC is reportedly launching services in South Korea this month. In addition to a cryptocurrency exchange, the company will offer a wallet service, a mining pool, and a consumer payments service, according to its Korean website. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals BTCC Expanding Into South […]

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Mainstream Media Narrative Sensationalizes Chinese Crypto Crackdown

Mainstream Media Narrative Sensationalizes Chinese Crypto CrackdownAn American academic has written an article criticizing dominant media narratives surrounding China’s regulatory actions pertaining to cryptocurrencies. The article’s author, Nicholas Krapels, asserts that “most casual observers of Chinese politics do not understand” that “by design, Chinese law maintains a grey area” and get caught up in the “clickbait-oriented sensationalist echo chamber” of contemporary […]

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The Daily: Chinese Crackdown Continues, ICO Head Faces 15 Years in Prison

The Daily: Chinese Crackdown Continues, ICO Head Faces 15 Years in PrisonIn today’s edition of Bitcoin in Brief we cover stories about the latest development in the ongoing Chinese government crackdown on online crypto forums, an ICO head who faces up to fifteen years in a US prison for securities fraud, and more. Also Read: Investor Portal Launches Jobs Board for Cryptocurrency Industry Chinese Crackdown Continues […]

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The Daily: China Escalates Crackdown, Russia Chases Shadows, UK Warns of Scams

The Daily: China Escalates Crackdown, Russia Chases Shadows, UK Warns of ScamsFollowing the closing of social media accounts of crypto news organizations and after forbidding hotels from hosting crypto-related events, China has turned its attention to banning payments to trading platforms based outside the country. We’ve covered the escalation of the crackdown in The Daily. Also, Russia’s Interior Ministry wants to introduce criminal liability for shadowy […]

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Funds Frozen, Account Closed: UK Banks Target Cryptocurrency Owners

In a chilling but sadly all-too-familiar sequence of events, UK banks have been targeting cryptocurrency owners. Individuals who have cashed out large amounts of cryptocurrency – legitimately – have had their assets frozen and accounts locked without warning, fueled by fears of money laundering and a general distrust of bitcoin. One victim even claims to […]

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Bitcoin Businesses Denied Banking Services in Ireland

Bitcoin Businesses Denied Banking Services in IrelandLeading companies from the crypto sector in Ireland have complained they are being denied services by some of the country’s major financial institutions. Among the affected businesses are bitcoin exchange Bitcove, winner of the bank-sponsored “Best Business Startup” award, and Ireland’s “longest running” bitcoin broker, Eircoin.   Also read: Swiss Crypto Company Acquires License to […]

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Bitcoin Businesses Denied Banking Services in Ireland

Bitcoin Businesses Denied Banking Services in IrelandLeading companies from the crypto sector in Ireland have complained they are being denied services by some of the country’s major financial institutions. Among the affected businesses are bitcoin exchange Bitcove, winner of the bank-sponsored “Best Business Startup” award, and Ireland’s “longest running” bitcoin broker, Eircoin.   Also read: Swiss Crypto Company Acquires License to […]

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70+ Investigations: 40 Regulators Crack Down on Suspicious Crypto Schemes

70+ Investigations: 40 Regulators Crack Down on Suspicious Crypto SchemesForty regulators in the US and Canada are reportedly collaborating in the largest coordinated crackdown on cryptocurrency scams to date by state and provincial officials. The operation has triggered over 70 investigations so far, with 35 cases completed or pending. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Mass Crackdown The North American Securities […]

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RBI Crackdown Triggers Migration of India’s Cryptocurrency Industry

RBI Crackdown Triggers Migration of India's Cryptocurrency IndustryThe Reserve Bank of India (RBI)’s prohibitive policies regarding India’s cryptocurrency industry has reportedly comprised the catalyst for a migration of Indian cryptocurrency entrepreneurs in search of more amenable regulations. Also Read: Indian Ponzi Scheme-Funded Cryptocurrency Mine Raided by Police RBI Crackdown Drives Crypto Businesses Overseas The crackdown on cryptocurrencies initiated by the RBI has reportedly […]

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