BANS Archives | Digital Money Times

Taiwanese Candidate Accepts Crypto Donations, California Bans Them

September 22, 2018 By Mark Lyford Leave a Comment

Using cryptocurrency for political donations has been a hot topic in many societies. Two recent developments demonstrate different views on the matter. A Taiwanese politician who has accepted bitcoin from his supporters believes crypto donations can help keep his country’s political system clean and transparent. At the same time, the California campaign watchdog says cryptocurrency can raise questions about transparency and is hard to track.

Also read: Russian Law Won’t Mention ‘Cryptocurrency’, Russians Won’t Stop Trading Read more...

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Crypto Onslaught in China Continues as Guangzhou Bans Cryptocurrency Events

September 1, 2018 By Mark Lyford Leave a Comment

In an ongoing onslaught on the once-booming Chinese cryptocurrency industry, China’s Guangzhou Development District government has prohibited all physical venues from hosting digital currency-related promotions or events. Guangzhou Development District, which is one of China’s special economic zones, reportedly issued a circular to all local business on August 24 outlawing them from hosting any crypto-related activities. The new ban is meant to help “maintain the security and stability of the financial system,” the circular read. Read more...

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China Crackdown: After Beijing, Guangzhou Hub Bans Cryptocurrency Events

August 29, 2018 By Mark Lyford Leave a Comment

The Guangzhou Development District, a special economic zone in southern China with a close proximity to Hong Kong, has reportedly banned all promotional events related to cryptocurrency as the country’s crypto crackdown continues. One of China’s earliest special economic zones installed to encourage and foster businesses with less-restrictive laws, the Guangzhou Development District issued a

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N.Y. Judge Rules in Favor of CFTC, Permanently Bans Crypto Startup

August 27, 2018 By Mark Lyford Leave a Comment

A New York judge has issued a court order permanently banning a New York-based crypto promoter whose firm was accused of defrauding investors and failing to deliver on its promises. In his ruling, Judge Jack Weinstein stated that the crypto firm, CabbageTech Corp., had defrauded investors using false statements, and ordered its operator, Patrick McDonnell, to pay more than $ 1 million in restitution and penalties. The ruling brings to an end a process that kicked off in January when the U.S. Commodities and Futures Trading Commission charged McDonnell with fraud and misappropriation of funds. Read more...

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Google Bans Cryptocurrency Mining Apps From Play Store

July 27, 2018 By Mark Lyford Leave a Comment

In the Google’s latest move against virtual currencies, cryptocurrency mining apps have been banned from the Google Play Store. Despite the ban, Google has indicated that it will continue to permit mining apps that mine for cryptocurrency from outside of a device, such as cloud-based mining.

Also Read: Exchanges Round-Up: CME Volume Doubles Q2, Lawyer Predicts SEC Delays ETF Until March

Non-Cloud-Based Cryptocurrency Mining Apps Banned from Play Store

Google has updated the developer policies for its Play Store to prohibit several categories of apps, targeting cryptocurrency mining applications and alongside many others. Read more...

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Australian Bank Bans Use of Mortgage Funds for Crypto Speculation

July 14, 2018 By Mark Lyford Leave a Comment

One of Australia’s oldest financial institutions, Bank of Queensland, has prohibited the use of home equity loans for virtual currency speculation. The move has been attributed to concerns pertaining to the growing regulatory oversight of the cryptocurrency sector in Australia.

Also Read: Tether Announces Appointment of New Chief Compliance Officer

Bank of Queensland Cracks Down on Customers Using Mortgage Funds to Trade Crypto

Bank of Queensland has banned its customers from using loans that are leveraged against home equity for the purposes of cryptocurrency speculation due to concerns pertaining to the increasing regulatory oversight of cryptocurrency activities in Australia. Read more...

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Russian Court Bans Telegram, Founder Pavel Durov Defiant

April 14, 2018 By Mark Lyford Leave a Comment

Russian security services ordered Telegram to hand over access to encrypted user messages, but the messaging application (app) refused. Founder Pavel Durov didn’t bother to send lawyers to Moscow’s Tagansky court, and the court dutifully ruled against his company, taking less than 20 minutes in decreeing an immediate ban.

Also read: CBS’s NCIS Los Angeles Weaves Stolen Bitcoin Into Script, LL Cool J Is on the Case Read more...

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In a Blow to Bitcoin, India Bans Banks from Dealing in Cryptocurrencies

April 5, 2018 By Mark Lyford Leave a Comment

In what amounts to a major clampdown down on bitcoin and other cryptocurrencies, the Reserve Bank of India (RBI) announced in a press release today, April 5, 2018, that it is banning banks and regulated financial entities from dealing with digital currencies.

“In view of the associated risks, it has been decided that, with immediate effect, entities regulated by RBI shall not deal with or provide services to any individual or business entities dealing with or settling [virtual currencies],” India’s central bank said. Read more...

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RBI Bans India’s Financial Institutions from Cryptocurrency Related Business Dealings – Ulterior Motives at Play?

April 5, 2018 By Mark Lyford Leave a Comment

The Reserve Bank of India (RBI) has officially ordered all regulated entities to refrain from providing services to any and all businesses involved in the dealing of digital currencies — including, of course, Bitcoin.

Bitcoin Ban

The announcement comes via an official press release issued by The Reserve Bank of India (RBI).

Unsurprisingly, the RBI positions itself as merely looking out for consumers’ interests, while also citing the frequently used claims that cryptocurrencies are simply tools for criminals and those looking to undermine market integrity. Read more...

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Twitter Abruptly Bans Cryptocurrency Ads — Beginning Today

March 28, 2018 By Mark Lyford Leave a Comment

Twitter is a fast player. Less than two weeks ago, the social media giant announced it was developing new policies which would lead to the eventual ban of cryptocurrency and ICO-related advertisements on its platform. Bitcoin enthusiasts everywhere likely figured they had a little time to spare, as the changes weren’t expected to take effect until sometime in April at the earliest.

In addition, it was reported that Twitter would also be banning ads for cryptocurrency exchanges, though there would allegedly be exceptions to the rule. Read more...

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Google Bans Cryptocurrency Ads, But Bitcoin Not Affected

March 14, 2018 By Mark Lyford Leave a Comment

Following in the footsteps of Facebook, Google has announced it will ban cryptocurrency and initial coin offering (ICO) promotional material from its ad platform.

Google Cracks Down on Sketchy ICOs & Crypto Ads

Alphabet Inc.’s Google explained the new policy will go into effect in June of this year, affecting its search engine, advertisements on YouTube, and and its display-ads network.

Google’s crackdown is intended mainly to “prevent consumer harm” and follows Facebook, which adopted a similar policy in late January.

Google’s announcement reads: Read more...

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Chinese Entrepreneur Warns Against Mining and ICO Bans

February 27, 2018 By Mark Lyford Leave a Comment

Angel investor and Founder of Chinese app Meitu, Cai Wensheng, has published criticisms of the central government’s expanding regulatory crackdown on cryptocurrencies via Wechat. Mr. Wensheng warns that heavy-handed regulatory policies may squander the opportunity for China to maintain a significant presence in the burgeoning global cryptocurrency sector, in addition to arguing that many of the challenges faced by cryptocurrencies are indicative of the typical “development process” experienced by emerging monetary forms.

Also Read: Cryptocurrency Exchange Poloniex Has Been Bought by Circle

Meiti Founder Argues Mining Could Comprise Major Chinese Export Industry

Bitpay Bans Payments to Merchants of Explicit Content, Cloud-Mining and Gambling

February 26, 2018 By Mark Lyford Leave a Comment

Bitcoin was originally created to free people’s money from the control and censorship of regulators, banks and governments. Companies in the ecosystem are supposed to be infused with this ethos, but as they strive to become more mainstream some, like Bitpay apparently, adopt the more prevailing standards in the business world.

Also Read: Nasdaq-Listed “Blockchain” Companies Hit With New Legal Troubles

Terms and Conditions

Bitpay, the digital asset service provider based in Atlanta, Georgia, updated its Terms of Use agreement on February 2. The binding contract states that the use of the company’s services is subject to several important restrictions, including the sale of explicit sexual content. Read more...

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China BANS 🚫 all ICOs?? / EOS Dapps To Provide Free Cloud ☁ Hosting via IPFS (The Cryptoverse)

November 15, 2017 By Mark Lyford 40 Comments

**On today’s episode of The Cryptoverse:**
News outlets are claiming that Chinese regulators have outright banned ICOs and EOS release an update and state that the development is ahead of schedule.

Learn how to make money with Bitcoin and cryptocurrencies at:

Home v3

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