Tag: ban

Infographics: countries which have banned Bitcoin

Bitcoin and other cryptocurrencies are polarizing phenomena. Economists and governments disagree on how to handle them. While countries such as Japan and Belarus want to take advantage of the new technology, other countries simply prefer to ban it. Today, we present you with an infographic of countries that have banned Bitcoin. We want to start by explaining our methodology. Although many countries, organizations, and important individuals are strongly opposed to cryptocurrency, relatively few of them have decided to take specific legal steps. We’ve therefore chosen countries that have introduced specific legal sanctions for the use of Bitcoin and other...

Read More

South Korea Bans Bitcoin Futures Trading

As some of the largest futures exchanges in the world start trading Bitcoin, South Korea has just unexpectedly shut that door. It seems to be part of a wave of regulation that has swept a country once open to cryptocurrencies. Almost two months ago, South Korean government announced plans to regulate crypto exchanges and tax crypto profits. Parliament recently banned ICOs too. Now South Korea’s Financial Services Commission (FSC) has issued an order to ban Bitcoin futures contracts as well. Korean Buyers Pay Extra South Koreans are aggressive Bitcoin buyers as BTC/KRW is one of the most popular currency...

Read More

Vietnam bans cryptocurrencies!

All of a sudden, Vietnam’s central bank has announced ban of usage of digital currencies in the country. The ban will start in early 2018 and since then any use of cryptocurrencies by organizations or individuals will be fined. Fines for cryptocurrency transactions State Bank of Vietnam, the central bank, has issued a new monetary law which is scheduled to be put into effect in the first quarter of 2018. The new monetary law includes a decree in which considers Bitcoin and other cryptocurrencies as unlawful. Because of that, their use is already prohibited, but any fines for its...

Read More

User accounts blocked at Bittrex – what’s next with the popular cryptocurrency exchange?

Recently, there have been reports stating that many users got their accounts blocked at Bittrex. Another important problem is also the lack of response to tickets, which causes frustration among the exchange clients. The block most often affects citizens of the USA and countries such as Iran, Russia, Turkey or even Australia. Is this the beginning of some more serious problems for Bittrex? It is worth noting, that this is not an individual user problem. From all over the world, there are reports of thousands of accounts blocked at Bittrex. The problems concern both empty accounts and those with...

Read More

Lisk – smart money or a nail to the coffin?

Keen interest Surely, many people got interested in the project due to the upcoming rebranding, which was supposed to take place in September. Rebranding usually means changing the logo and the homepage of the project. In the past, when other cryptocurrencies were rebranding, their value would rise even by a few hundred percent in a very short period of time. This is one of the reasons why there was a significant inflow of new capital into Lisk, which made its price shoot up by over 300%. The awaited rebranding and huge price gains tempted more investors, which resulted in...

Read More