Tag: Bitcoin Ban

Zimbabwe Bans Commercial Banks from Processing Crypto Transactions 

The Reserve Bank of Zimbabwe has ordered all financial institutions in the country to stop engaging in all cryptocurrency transactions immediately. In a circular issued to institutions, the regulator ordered commercial banks to sever any and all financial relationships with crypto-related firms such as exchanges in the next 60 days. According to local media, the central bank took the measure to protect the public and safeguard the integrity and soundness …
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State Bank of Vietnam Moves to Ban Digital Currency Use

Without any prior warning, it appears the State Bank of Vietnam has recently submitted a legislative proposal to the country’s government meant to ban a wide range of digital currency-related activities. Expensive Fines to be given Recent reports indicate that starting January 1, the supply, issuance, and use of Bitcoin and other digital currencies as a method of payment will be subject to fines ranging from 150 million to 200 million dong, which is …
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It Looks Like Russia Isn’t Giving in to Bitcoin After All

We all know Russia’s history with bitcoin hasn’t been exactly fluid. A couple of months ago, it seemed like maybe Russia was next in line to jump on the crypto-currency band wagon. That’s not the case anymore. Earlier last week, the Russian Finance Ministry announced that there is no need to rush the bitcoin draft law. Also stated were their plans to once again bring the draft back for a …
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