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Tag Archives: Crackdown

Vietnam Internet Crackdown Damages Plans to Become Blockchain Hub

Vietnam legislators approved a cybersecurity bill on June 12 putting tighter rules on tech companies from the start of 2019. Vietnam has been recognised as a potential hub for blockchain activity but doubts still remain over regulatory uncertainty. New Cybersecurity Bill Approved The new bill requires tech companies to hold important personal data locally which means they will need to ...

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Analysts Call Crypto Crackdown a Good Thing for the Industry

CNBC Africa Host Ran Neu-Ner has taken a position gaining a lot of acceptance recently that bringing clear regulation into the cryptocurrency marketplace at this time is a positive move for both entrepreneurs and investors. Regulation Will Open the Flood Gates Neu-Ner who hosts the CNBC Africa Crypto Trader appeared on the networks popular investment show Fast Money where he encouraged regulatory ...

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SEC Chair Jay Clayton Applauds US-Canada ICO Scam Crackdown

Join our community of 10 000 traders on Hacked.com for just $39 per month. Jay Clayton, chairman of the U.S. Securities and Exchange Commission, praised state-level regulators across the United States and Canada for cracking down on cryptocurrency fraud through their joint task force — “Operation Crypto Sweep.” “I applaud our fellow regulators in the United States and Canada who ...

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Indian Cryptocurrency Exchanges Undeterred By Central Bank Crackdown; New Players Still Entering The Market

Join our community of 10 000 traders on Hacked.com for just $39 per month. A famous quote says “Water always finds a way,” and this seems to be the motto of beleaguered Indian cryptocurrency exchanges, who are circumventing the Reserve Bank of India’s (RBI) blanket ban on digital currencies by a flurry of methods. Central Bank Tries To Shut Industry ...

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Calm before the Storm? The Coming Crackdown on ICOs

Join our community of 10 000 traders on Hacked.com for just $39 per month. In the last two weeks, there have been a couple of events worth noticing.  The first went by almost unnoticed and did not spark the interest and comments that it should have.  The second just happened on May 3rd and will probably start raising some attention ...

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Japan’s FSA Crackdown on Anonymous Cryptocurrency, Decentralized Exchanges

Japan is a very peculiar when it comes to cryptocurrency. Despite legalizing this form of money in 2017, there is growing hostility toward anonymous currencies. More specifically, the Japanese FSA wants to see exchanges delist Monero, Dash, and ZCash. It is a very controversial decision which may hurt merchant adoption for those currencies as well. Japan’s FSA Dislikes Anonymity Despite ...

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China Continues Bitcoin Mining Crackdown by Seizing 600 Computers

China is a country which has a growing dislike for cryptocurrency and all related activities. The PBoC officially forbade CNY-based trading several months ago. It now appears the government is extending its crackdown to domestic Bitcoin mining operations. A total of 600 computers and other pieces of hardware were confiscated in Tianjin earlier this week. Illicit Bitcoin Mining in China ...

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Indian High Court Set to Debate Whether Cryptocurrency Crackdown is Constitutional

India’s recent problems with cryptocurrencies and the exchanges that trade them has caused investors a lot of stress, both locally and globally. Fortunately for crypto-enthusiasts, dealings have now reached the country’s high courts. Challenging Royal Bank of India’s Crackdown Yesterday, April 22nd, the Delhi high court issued a notice to the Reserve Bank of India (RBI) after a petition was ...

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Central bank of Iran Enforces Nationwide Crackdown on Bitcoin Trading

Various countries are contemplating how to regulate Bitcoin and other cryptocurrencies. The Iranian government has decided to take a harsh stance in this regard. As of last week, the local banks are banned from partaking in cryptocurrency transactions. The new rules are enforced by the central bank of Iran. Given the region’s currency crisis, this decision is not unexpected. Central ...

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Despite India’ Crypto Crackdown, Users Can Buy Bitcoin on P2P Exchanges Like Paxful

The Reserve Bank of India’s recent ban on financial institutions transacting with companies using or offering cryptocurrency services will certainly have consequences for the nation. However, thanks to peer-to-peer exchanges like Paxful, one of these is unlikely to be cryptocurrency usage and adoption in general. Paxful Offers Users Exposure to Cryptocurrency Whilst Completely Bypassing the Banks On April 5, the ...

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