Bitcoin Trading in Chinese Currency Drops Below 1% of World Total

Bitcoin trading in renminbi (RMB) has dropped to less than 1 percent of the global total, the central bank of China announced. The People’s Republic banned yuan-crypto trade last year, prompting the exodus of hundreds of Chinese crypto businesses, including some of the world’s leading trading platforms.     Also read: Crypto Exchange Binance Expects up … Read more

Associations Challenging Crypto Ads Ban to Proceed with Lawsuit

Facebook’s recent decision to partially lift the ban on crypto ads will not stop a planned legal action against the measure. Crypto associations and businesses from several countries announced earlier this year their intentions to sue internet giants imposing such restrictions. The claimants want to proceed with filing the lawsuit, despite the policy update. Also … Read more

Another Indian Company Challenges Ban on Crypto Banking

RBI’s ban on crypto-related banking services has been challenged again. Maharashtra-based Flintstone Technologies has turned to the High Court in Delhi to seek withdrawal of the April 6 circular issued by the Reserve Bank of India, calling it “arbitrary, unfair and unconstitutional.” The company points out that the central bank has not provided any reasons … Read more

Russia’s Supreme Court Overturns Decision to Block Bitcoin Website

The Supreme Court of the Russian Federation has struck down the ban imposed on the Bitcoininfo.ru portal. The outlet is one several dozens of crypto-related websites that have been taken offline by the Russian authorities in the past few years. The decision sets a precedent which and is likely to determine the faith of many … Read more

P2P Trade Spikes in Canada Amid Bank Restrictions on Crypto Transactions

The volume of P2P bitcoin trade in Canadian dollars has increased significantly since leading banks in the country imposed bans on crypto-related transactions. Toronto-Dominion Bank, the Royal Bank of Canada, and more recently the Bank of Montreal have limited or prohibited the use of their services and products to acquire cryptocurrencies. As a result, the … Read more

More Communities Join the Legal Action against Crypto Ads Ban

Cryptocurrency associations and businesses from Switzerland, Kazakhstan and Armenia have joined the initiative to sue Internet corporations over restrictions on crypto-related advertisements. The class action lawsuit will be filed in New York. Legal costs will be covered with funds raised through donations to a wallet registered in Estonia.   Also read: Twitter Confirms Restrictions on ICOs … Read more

Here’s Why Kazakhstan Won’t Ban Mining and Cryptocurrencies

This is an Op-ed article. The opinions expressed in this article are the author’s own. Bitcoin.com does not endorse nor support views, opinions or conclusions drawn in this post. Over the past few days, crypto media have been stirred up by the news that the government of Kazakhstan is considering a ban on cryptocurrency mining. … Read more

Companies Outsource Marketing to India Amid Ban on Crypto Ads

The outsourcing of advertising is becoming a promising opportunity for many marketing firms in India. Restrictions on crypto ads, imposed by giants like Facebook and Google, are forcing crypto businesses to seek alternative ways to reach customers and investors. The high cost of these services globally is pushing more companies towards the Indian market.  Also … Read more

Russian, Chinese, Korean Associations to Sue Internet Giants Over Banned Crypto Ads

Cryptocurrency and blockchain associations from Russia, China and South Korea plan to file a class action against internet corporations banning crypto ads. The lawsuit will challenge restrictions imposed by Facebook, Google, Twitter and Yandex. An agreement to take the matter to court in the US has been reached at a crypto conference in Moscow. Also … Read more

Twitter Confirms Restrictions on ICOs and Cryptocurrency Token Sale Ads

Twitter has confirmed the reports from earlier this month that it will ban ads for Initial Coin Offerings (ICOs) all around the world. From now on any project that is conducting a token sale will only be allowed to run ads on the social network if it can prove it is legally regulated in the … Read more