Category: Ban


Abkhazia Seizes 6,000 Mining Devices but Fails to Disrupt Crypto Mining


Abkhazia Seizes 6,000 Mining Devices but Fails to Disrupt Crypto MiningAuthorities in Abkhazia have confiscated thousands of mining machines, closing down all large crypto farms, yet they have admittedly failed to put an end to illegal mining operations. The breakaway republic of Georgia has been struggling with power shortages blamed on underground miners. 30,000 Rigs Remain in the Hands of Miners, Government Says In recent […]


Indonesia Will Not Ban Cryptocurrencies Like China, Minister Says as Crypto Trade Soars


Indonesia Will Not Ban Cryptocurrencies Like China, Minister Says as Crypto Trade SoarsAuthorities in Indonesia do not intend to follow China’s example of imposing an outright ban on cryptocurrencies, a government official said, noting the country will limit itself to ensuring they are not used in illegal activities. The statement comes after local crypto exchanges registered a serious increase in turnover this year. Indonesia to Tighten Regulations […]




Iranian Lawmakers Oppose Crypto Restrictions, Call for Supportive Regulations


Iranian Lawmakers Oppose Crypto Restrictions, Call For Supportive RegulationsMembers of the Iranian parliament, the Majlis, have voiced concerns over Tehran’s restrictive policies towards innovations such as cryptocurrencies. Following the release of a study recommending a new approach towards the crypto industry, the lawmakers have called for the adoption of friendlier regulations. Iranian MPs Urge for Change in Crypto Policies After Research Some parliamentarians […]



Crypto Trading, Mining Are Illegal and Punishable, Nepal Central Bank Warns


Crypto Trading, Mining Are Illegal and Punishable, Nepal Central Bank WarnsMining and trading of cryptocurrencies are illegal in Nepal, the country’s central bank has reminded citizens of the Himalayan nation. The regulator also warned that participating in such activities would entail penalties as per the current legislation. Despite its position, however, the Nepalese have continued to invest in bitcoin, media reports reveal. Engaging in Illegal […]


Russia’s Roskomnadzor Watchdog Blocks 6 VPN Providers


Russia’s Roskomnadzor Watchdog Blocks 6 VPN ProvidersRussian 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 whitelisting certain VPN services that operate in accordance with the law and are used by Russian companies. Roskomnadzor Bans More VPN Platforms in Russia Russia’s […]


Bithumb to Ban Foreign Traders Failing Mobile Phone Identification


Bithumb to Ban Foreign Traders Failing Mobile Phone IdentificationSouth 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 with the country’s updated regulations coming into force later this month. Korean Exchange Bithumb Prepares to Register Under New Rules Foreign nationals who do not […]


Iranian Ministry of Industries Denies Power Shortages Are Caused by Illegal Crypto Miners


Iranian Ministry of Industries Denies Power Shortages Are Caused By Illegal Crypto MinersIran’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, has overestimated their role in the power deficit. Illegal Miners Burn Less Energy Than Tavanir Estimates, Ministry of Industries Says An official from the Iranian […]



Abkhazia Shuts Down 2 Crypto Farms, Seizes Mining Hardware


Abkhazia Shuts Down 2 Crypto Farms, Seizes Mining HardwareAuthorities 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 ban imposed by the government to mitigate electricity shortages. Over 80 Mining Rigs Confiscated From Crypto Farms in Abkhazia Dozens of mining rigs have been […]


Abkhazia Holds Talks With Russia to Ensure Electricity Supply for Crypto Miners


Abkhazia Holds Talks With Russia to Ensure Electricity Supply for Crypto MinersThe government of Abkhazia is negotiating with Russia to solve a problem that led to a ban on cryptocurrency mining. The partially recognized republic in the South Caucasus is now planning to legalize the industry and source sufficient power supplies from its energy-rich northern neighbor. Abkhazia Wants to Create Conditions for Cryptocurrency Mining The autonomous […]


China’s Anhui Province to Shut Down Crypto Farms as Grid Operator Issues Closure Notice, Reports


China’s Anhui Province to Shut Down Crypto Farms as Grid Operator Issues Closure Notice, ReportsAnhui has reportedly become China’s latest region planning to end cryptocurrency mining. The province is going to shut down all mining facilities due to power supply shortages, according to local media. Another source revealed that the state-run network operator has issued a closure notice for bitcoin farms across the country. Anhui to Halt Bitcoin Mining […]









TSB Bank Plans to Ban Cryptocurrency Purchases Due to Increasing Fraud Numbers: Report


TSBTSB, a British bank, is planning to ban cryptocurrency purchases due to fraud concerns. The company reported an alarming number of fraudulent transactions on cryptocurrency purchases. Reportedly, transactions involving Binance, the cryptocurrency exchange behemoth, are involved in two-thirds of these fraud reports. A Binance representative denies these claims and said the exchange deals with complaints […]


Tehran Government Bans Iran Blockchain Association


The Ministry of Interior of the Islamic Republic has suspended the Iran Blockchain Association (IBA). The measure comes after the organization allegedly breached government regulations. IBA unites participants in the country’s growing crypto sector who are engaged in blockchain technology development. Iranian Authorities to Review IBA Dealings With Crypto Exchanges The Iranian government has moved […]


Abkhazia Shuts Down 8 Crypto Farms Amid Ongoing Crackdown on Mining


Abkhazia Shuts Down 8 Crypto Farms Amid Ongoing Crackdown on MiningAuthorities 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 have disconnected more than 300 mining devices from the grid and fined an operator. Over 300 Mining Rigs Cut Off From Electricity Supply in Abkhazia […]


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