Posts Tagged ‘ban’

Amirsan Roberto on China’s ICO Ban and Why You Should Ignore It

According to Amirsan Roberto, a serial entrepreneur and ICO advisor who has lived in China and embedded himself in its startup ecosystem for the past five years, the harshness of the ICO ban has not turned away investors. Individuals with an appetite for crypto assets have been using neighboring Macau, Hong Kong and Singapore to […]

Corporations Bypassing Korean ICO Regulations With Overseas Subsidiaries

An increasing number of corporations in South Korea are establishing cryptocurrency and blockchain subsidiaries abroad due to restrictive regulations. They are seeking opportunities in countries like Japan, Switzerland, Singapore, and Gibraltar. For example, the parent companies of the two most popular chat apps, Line’s Naver and Kakao Corp, have established crypto and blockchain subsidiaries in Japan. Hyundai BS&C, […]

How Some Companies Are Bypassing Facebook’s ICO Ad Ban

The Facebook crypto ad ban is proving surprisingly easy to circumvent. Apparently using the word ‘c-currency’ instead of ‘cryptocurrency’ is quite enough to bypass the ad ban on the popular social media platform. And while this is just an example, the implications are clear – all you have to do to promote your ICO on Facebook, despite […]

Alibaba’s Taobao Bars Crypto and ICOs in Policy Update

Taobao, the internet shopping site owned by e-commerce giant Alibaba, has updated its list of prohibited goods and services to include cryptocurrency-related products. The site has now formally banned individual stores on its platform from providing services related to ICOs, such as technological development, marketing, and business proposal writing, among others. Read more

Pakistan’s Central Bank Prohibits Crypto Dealings with a Circular

The State Bank of Pakistan (SBP) has issued a circular on the “prohibition of dealing in virtual currencies.” Commercial banks and payment providers have been told to stay away from crypto operations. They should not facilitate transactions of virtual currencies and tokens, the document states. According to Pakistani media, SBP has also warned citizens against using […]

India Bans Banks from Processing Cryptocurrency Purchases

Indian residents can no longer purchase cryptocurrency through their bank accounts, according to new measures adopted by the Reserve Bank of India (RBI). The sweeping policy prohibits RBI-regulated institutions from allowing their customers to purchases cryptocurrencies, and it also bars banks from providing services to businesses dealing with or settling virtual currencies. The RBI statement acknowledges that blockchain […]

Chinese Investors Use Wechat Brokers to Bypass ICO Ban

China’s ICO ban has given rise to an industry of agencies providing brokerage services to Chinese investors seeking to invest in ICOs. Said cryptocurrency middle-men are reported to be promoting their services via popular social messaging app Wechat, and are charging a significant premium for the service. For example, An Hui Tian Ce Blockchain charges […]

The Cryptocurrency Industry Might Actually Benefit From an Ad Ban

Cryptocurrency startup founders who want to advertise their new companies can no longer rely on the internet’s largest platforms to help spread their message. But entrepreneurs and researchers committed to the future of blockchain tech largely say they’re getting along just fine—and that the ban might even be a good thing. While the advertising ban can feel […]

Chinese Government Official Warns of ICO Fraud

Xuewen Huo, Chief of Beijing Municipal Bureau of Finance, delivered a speech at the Museum of Fintech in Beijing to warn investors of ICO scams. In his speech, Huo asked nine questions regarding the reasons why the Chinese government had to ban ICOs. What is blockchain, Bitcoin, ICO, and tokens? What is its value? Where is its […]

Email Service MailChimp to Block ICO, Crypto Marketing

Email distribution company MailChimp will bar marketing campaigns for cryptocurrencies and ICO. The company will no longer allow its service to be used for crypto campaigns because they are “too frequently associated with scams, fraud, phishing, and potentially misleading business practices.” The policy change will take effect on April 30. Read more