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China- The Chinese government and the People’s Bank of China has over the course of the past months maintained stiff regulations on Bitcoin and cryptocurrency related products; especially ICO’s. However in a much predicted turn of events as characteristic of the Asian big wig; the country’s high court (The Court of International Arbitration) has ruled in favour of Bitcoin and cryptocurrencies. This verdict by the Chinese court, was necessitated by a case brought to its attention,…

In the wake of the Chinese government’s all out ban and strict legislation on cryptocurrency exchanges, trading and Initial Coin Offerings (ICOs), investors as well as users look to have found a bypass over these barriers. The ban which extended to website blocks, ban on crypto promotional activities and other restrictions had surprised many especially as the government has continued to urge investors to utilize Distributed Ledger Technology(DLT/Blockchain) in research and development. That said, the…

The central bank of Iran has officially banned crypto from being used by banks and other financial institutions. This comes as a huge blow as exchanges will no longer be able to work alongside banks and unable to even open accounts. There have been a number of reasons cited for this decision including the suspicion of crypto use becoming rampant in the illegal money laundering schemes in operation in the country. “In a meeting with…

The Kazakhstan National bank hinted at a complete crypto ban as chairman Daniyar Akishev told Russian media about the dangers and future restrictions that may be placed on crypto use in the country. The chairman released the following as part of a statement to Sputnik News, where he discussed the potential future of cryptocurrencies like bitcoin in Kazakhstan. The future the chairman has envisioned for crypto is much harsher than what is currently implemented in a…

Snap INC, the company behind the likes of Snapchat has been identified as the latest company to initiate a ban on advertisements surrounding crypto ICO’s. As a culmination of policy changes, the platform has effectively separated crypto advertisements from those exclusively advertising ICO and investment opportunities to users (which will no longer be tolerated). Following on from the Securities and Exchange commissions reports and statements regarding recognition of Cryptocoins as securities, many platforms including Twitter…

Bitcoin prices have tumbled considerably shedding well over 16% of its value within 24 hours, With the majority of cryptocoins all showing red too, it seems markets have fallen like dominos as Bitcoin plummeted from the $14k range to barely above $11300 at the time of writing. We previously discussed the impact of Korean regulation on bitcoin when the position on bitcoin remained ambiguous allowing for a brief respite from bearish movements. However recently the…

With Vietnam having taken steps to essentially make bitcoin use illegal in the country, Vietnam has now following suit as the central bank deems the cryptocurrency illegal. In a similar stance as Vietnam, the bank emphasized transactions using Bitcoin are the main activity to be affected. Use of illegal means of payment (including bitcoin and other similar virtual currencies) will be subject to a fine of between VND 150 million and 200 million [approx. $9,000].…

As far as cryptocoin crackdowns go, some countries such as China have outright banned cryptocoin ICO’s. Following suit South Korea and Switzerland have followed suit and placed many restrictions on cryptocoin ICOs, but few countries have outright banned bitcoin use as a currency. As reported from the Central Bank of Indonesia, bitcoin does not meet the requirements to be sanctioned by the institution so is effectively illegal to use in any setting for any purpose.…

Ethereum has been hit hard recently with the official ban on ICO’s being enforced in China. Being one of the biggest markets for the coin, prices did dip significantly following the announcement, however having recovered, another blow was deal recently as South Korea too announced their intentions to ban ICO operations using any form of cryptocoin. “Raising funds through ICOs seem to be on the rise globally, and our assessment is that ICOs are increasing…

Bitcoin markets have rebounded spectacularly from the bearish trends seen last week to break the $4000 price point once again earlier today. Currently markets stand at $3888 as significant resistance is encountered at the $4000 figure. As markets are peaking above $4000 many believe current conditions can allow for the all time high to be achieved again. As seen on the graph below markets have come back fighting despite china announcing a huge ban on…