Former People’s Bank of China member urges China to reconsider crypto ban
Huang Yiping, a former central bank official said that the current crypto ban in China although beneficial might cause missed opportunities in the long run so he urges the nation to reconsider its stance on the crypto ban. As a former central bank official contacted the nation to evaluate its harsh crypto regulations, the concept […]
Crypto Ban: Russia has no plans to follow in China’s lead by banning crypto outright
According to an Oct. 12 report from local news agency Interfax, Alexey Moiseev, the deputy finance minister of the Russian Federation said that Russia is not out to ban crypto like China. As part of a legislation that went into effect in January, Russia continues to impose a prohibition on cryptocurrency payments; nevertheless, the nation […]
China intends to add cryptocurrency mining to its blacklist of industries in which to invest
China has reaffirmed its stance on cryptocurrencies, despite the fact that crypto mining is prohibited in the nation, some have opted to operate illegally. China has added cryptocurrency mining to its ‘bad list’ of sectors. This latest initiative implies that investors may no longer participate in the crypto mining business. According to a Reuters storey […]
Despite the crypto ban, a Nigerian secondary school says it will accept crypto for payments
Although cryptocurrency-related activities have been banned in Nigeria, A secondary school in the country says it is ready to accept crypto as a form of payment.” A private secondary school near Kano, Nigeria, has declared it will accept cryptocurrency payments for school fees, despite the country’s central bank prohibiting financial institutions from providing services to crypto exchanges. The director of the New Oxford Science Academy in the Kano suburb of Chiranchi, according to a Thursday report from local news site Kano Focus, will allow students to pay tuition costs in cryptocurrency. Sabi’u Musa Haruna, who began working at the institution in 2017, has pushed the Nigerian government to embrace and regulate cryptocurrency, but he appears to be moving ahead with this current action. “We’ve decided to accept cryptocurrency as school fees because the world today is tilting towards the system,” said Haruna. “We believe one day digital money […]
The government imposed crypto ban won’t work – Kevin O’Leary
Kevin O’Leary in a recent interview said he believes there is no way a government-imposed crypto ban would work. Kevin O’Leary (Shark Tank) is a well-known television personality. Over the last year, the Canadian businessman has become a vocal supporter of Bitcoin. Despite his doubts at first, O’Leary seemed to be awed by the new […]