Crypto Ban

Russia has been uncertain about crypto regulation in the country for so many years. The country has not yet finalized its major crypto legislation, known as ‘On Digital Financial Assets’. Senior Russian official warns that a pending bill on digital assets will include a ban on crypto.  The ban comes as a huge blow for cryptocurrency enthusiasts looking to capitalize on resurging BTC prices.  Meanwhile, the Bank of Russia is prioritizing a pilot tokenization project to rival traditional digital assets. …

A banking ban by the Reserve Bank of India (RBI) on crypto in India has finally been lifted by the country's Supreme Court. The Supreme Court ruled this RBI decision to ban crypto in an ongoing case as unconstitutional. The Court concluded its hearing on the case on the 28th of January 2020, after more than a year of hearing proceedings. An extensive hearing of the arguments by the counsel for the Internet and Mobile Association of India, Ashim Sood…

Qatar Financial Centre, QFC, says Qatar residents can no longer utilize any virtual asset, including cryptos, this year. The new law bans whatever is of value, acting as a substitute for currency, capable of getting traded or transferred digitally, and usable for payment or investment purposes. There will be no promotion of any invention within the features above, even if they are not blockchain-based. For instance, gift cards and coupons have the characteristics described by the new law. In this…