Category: restrictions

Bank Of Russia To ‘Slow Down’ Payments To Crypto Exchanges, Curb Russians’ Impulsive Investments

Central Bank of Russia is now working with commercial banks in order to delay payments made to digital asset exchanges. The move aims to limit “emotional” cryptocurrency purchases made by…

Russia’s Roskomnadzor Watchdog Blocks 6 VPN Providers

Russian communications watchdog, Roskomnadzor, has restricted another six VPN providers. The agency says the platforms have facilitated access to information that is banned in the Russian Federation. Roskomnadzor is also…

Bithumb To Ban Foreign Traders Failing Mobile Phone Identification

South Korean crypto exchange Bithumb said it will deny access to foreigners unable to verify their identities via mobile phone. The decision comes as the trading platform moves to comply…

Iranian Ministry Of Industries Denies Power Shortages Are Caused By Illegal Crypto Miners

Iran’s Ministry of Industries, Mining and Trade has rejected claims blaming illegal cryptocurrency miners for the continuing electricity shortages in the country. The department believes the state-run utility company, Tavanir,…

Abkhazia Shuts Down 2 Crypto Farms, Seizes Mining Hardware

Authorities in Abkhazia have closed down two crypto mining farms that have been illegally connected to the power grid. The facilities were minting digital coins in violation of a mining…

New Bill To Ban Crypto Payments In Iran, Support Mining And Regulate Exchange

Urged by the growing popularity of cryptocurrencies, Iranian lawmakers have prepared new legislation to introduce comprehensive rules for the expanding industry. While the bill effectively bans crypto payments in the…

Ontario Crackdown On Crypto Exchanges Continues With Binance Leaving The Province

Cryptocurrency exchange Binance will no longer provide services in the Canadian province of Ontario. The decision comes amid ongoing regulatory pressure on digital asset trading platforms that has already affected…

Abkhazia Shuts Down 8 Crypto Farms Amid Ongoing Crackdown On Mining

Authorities in Abkhazia, the partially recognized South Caucasus republic, have discovered and closed down eight crypto mining farms in just two weeks. Since the beginning of June, law enforcement agents…