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Posts Tagged ‘Ban’

SEC Slaps ‘Fraudulent’ ICO Founder With $30K Fine, Lifetime Ban

The U.S. Securities and Exchange Commission (SEC) announced Tuesday that it had secured new prohibitions against the founder of a company behind an allegedly fraudulent initial coin offering (ICO). The agency said that it obtained officer-and-director and penny-stock bars against David Laurance and his company, Tomahawk Exploration LLC. Tomahawk, the SEC alleges, sought to raise funds…

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Korea’s Jeju Island Seeks to Become ICO Hub Despite Domestic Ban

South Korea’s Jeju island is seeking to become a free zone for initial coin offerings (ICOs) – a plan that, if approved, would allow crypto projects to conduct token sales in the self-governing province despite the country’s tough stance on the issue. As reported by Korean news outlet JoongAng Daily on Monday, the governor of…

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Google, Facebook Ad Ban Reversal Fuels Coinbase Acquisition Rumors

Google and Facebook appear to have cemented their promise to reverse a blanket ban on cryptocurrency advertising as Coinbase begins publicity moves. Coinbase ‘Whitelisted’ By Facebook A mock-up Facebook ad from CEO Brian Armstrong posted on Twitter July 20 confirmed the U-turn for Facebook, which originally hit the headlines late June. In the meantime, Google…

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Vietnam Central Bank Supports Call for a Ban on Cryptocurrency Miner Imports

The State Bank of Vietnam (SBV); the country’s central bank, has adopted the Finance Minister’s call for a prohibition on the importation of cryptocurrency mining rigs. SBV Sides with MoF and MoIT In June 2018, Vietnam’s Ministry of Finance (MoF) called for a ban on the importation of cryptocurrency mining rigs. The call came after…

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India’s Supreme Court Pushes Crypto Banking Ban Hearing to September

A Supreme Court decision on the Reserve Bank of India’s (RBI) efforts to bar cryptocurrency firms from receiving banking services will have to wait – for now. A final hearing on the ban’s merits has been deferred to September 11, local news outlet Inc42 reported Friday. The panel of judges overseeing the case want all arguments…

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Congressman’s Call for Crypto Ban Sparks Social Uproar

In the span of a few hours, it became Crypto Twitter vs U.S. Representative Brad Sherman. On Wednesday, Congress hosted a pair of back-to-back hearings on the topic of cryptocurrencies (read CoinDesk’s coverage here and here), which notably saw Rep. Sherman – no stranger to controversy among crypto circles – call for a blanket ban…

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Congressman Calls for Cryptocurrency Investigation, Another Wants to Ban It

A Democratic congressman has called for an investigation of the cryptocurrency industry following Robert Mueller’s indictment — while another has called for a ban on cryptocurrency mining and buying altogether.  On July 13th, 12 Russian operatives were accused of interfering with the 2016 U.S. Presidential election — purportedly having aimed to undermine the campaign of…

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