Posts Tagged ‘ban’

China to block more than 120 offshore cryptocurrency exchanges as crackdown escalates

Authorities will block access in China to 124 websites operated by offshore cryptocurrency exchanges that provide trading services to citizens on the mainland.  Authorities will also continue to monitor and shut down domestic websites related to cryptocurrency trades and ICOs, and ban payment services from accepting cryptocurrencies, including bitcoin. Since the government crackdown began last September, a […]

Cryptocurrency mining apps banned on Play Store by Google

Google has banned cryptocurrency mining apps from the Android Play Store. The policy of Google is similar to Apple’s policy which still allows mining if the processing happens in the cloud. Though on-device mining on Android hardware has been banned now. The ban on cryptocurrency miners in the Play Store also follows a Google block on […]

Facebook Is Reversing Its Ban on Cryptocurrency Ads—But There’s a Catch

Back in January, Facebook announced a ban on cryptocurrency-related advertising on its platform—a move that was soon echoed by Google. Now Facebook is partially reversing its ban. The social network and advertising giant will still aim to block ads that promote ICOs and so-called binary options, but it will now again accept ads for cryptocurrencies […]

Wells Fargo Halts Credit Card Cryptocurrency Purchase

U.S. financial services company Wells Fargo and Company has announced that it will no longer allow customers to use bank-issued credit cards for cryptocurrency purchases. With this move, Wells Fargo joins the ranks of other major U.S. banks who have already prohibited the purchase of cryptocurrency with their credit cards — namely, JP Morgan Chase, Bank of America, […]

Google bitcoin ban: New policy on cryptocurrency is ‘heavy-handed’ and ‘unethical’, say experts

Google’s decision to ban all bitcoin and cryptocurrency adverts on its platforms is ill-thought-out and potentially even unethical, according to industry experts. The new policy, which has been announced in a blogpost in March, comes into effect this month. Both Google and Facebook have recently revealed their interest in cryptocurrencies and their underlying blockchain technology, leading […]

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 […]