Category: Regulation

Substratum answers censorship call No Comments

Web censorship is on the rise, according to research by Freedom on the Net, two-thirds of all internet users live in countries where criticism of the government, military, or ruling family is subject to censorship. The World Economic Forum reported that global internet freedom declined in 2016 for the sixth consecutive year, 2017 is likely to be even worse. Internet freedom in the US was deal...


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Singapore Mining Rig Manufacturer Reports Massive Surge in Sales No Comments

A small mining rig manufacturer in Singapore has reported a huge surge in sales in recent months. Dexter Ng of Mining.sg estimates that the company has gone from selling around 15 rigs each month in July to now selling over 100. He told Channel News Asia: Customers come in and order 50 rigs on their own. Compared to last time, probably one person only buys one or two. Now we get customers who buy...


market, bitcoin

Who remembers 2013? Bitcoin’s First Amazing Bull Run No Comments

For me, 2013 has long stayed in my memory as a year that affected me personally - a year where one key event happened which impacted me directly.  Looking back on it now though it seems that history has repeated itself. Firstly, though he wasn’t a new President, Obama was sworn in for his second term in the White House and once again this year we saw a new POTUS take charge.  Secondly, we a...


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India’s Bitcoin Party to End Early? No Comments

S. Ganesh Kumar, a director of the Reserve Bank of India, seems to have put an end to debate over cryptocurrency's future in the country. Speaking on Monday, he said that virtual currencies would not be allowed for use as a means of payment or settlement in India. Although this is not an immediate ban, the outlook certainly does not look good for Bitcoin in the planet's second most populated count...


Iran Preparing Cryptocurrency Infrastructure No Comments

According to the Iranian Deputy Minister of Information and Communication Technology, Amir Hossein Davaee, Iran have been conducting studies into how to prepare an infrastructure to use Bitcoin within the country. This could lead to greater adoption in the Middle-Eastern nation. To successfully integrate crypto, the deputy minister said that both infrastructural and economic issues needed to be...


Algeria Wants to Ban Bitcoin and other Cryptocurrencies No Comments

As different countries continue to regard Bitcoin in their own different ways, Algeria looks like it might be the next one to ban the cryptocurrency altogether. And it won't just be a case of establishments not accepting Bitcoin as an alternative form of payment; Algeria is actually looking to ban its use as well as possession. According to Algeria's 2018 Finance Bill, which is currently under ...


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Indonesian Bitcoin Exchanges Close Down amidst Regulatory Pressure No Comments

While Bitcoin continues to rise in terms of market value and spread in terms of awareness and usage in many different countries, things aren't going so well for it over in Indonesia. As of today, the local regulator has influenced two major Bitcoin payment platforms to shut themselves down, as it does not recognize Bitcoin as a valid means of payment, Deal Street Asia reports. Indonesian paymen...


india, regulations, bitcoin, Saudi Arabia

Saudi Arabia’s Regulators Not Looking to Regulate Bitcoin No Comments

The Saudi Arabian government has openly come out to say it is not considering regulating Bitcoin in the country. At a time when a lot of national governments are trying to hem the digital currency from growing, others are being careful not to get involved in regulating cryptocurrencies. However, there are those that want to be neutral on the issue. Saudi Arabia is one of those countries that want ...


Businesses in Zimbabwe are Forced to Embrace Bitcoin to Pay Bills No Comments

The financial situation in Zimbabwe is no joke these days. Without an official national currency, the entire region relies on the US Dollar. This also opens up new opportunities for other forms of money, including Bitcoin. While one BTC is valued at almost twice the marketplace, this is not due to speculation. Instead, businesses have bills to pay and they need Bitcoin to do so. A very surprising ...


XinFin CTO Karan Bhardwaj Discusses Their Upcoming Blockchain Trade and Finance Platform No Comments

In our constant lookout for the most interesting blockchain projects, we have come across many. Their ability to spot the drawbacks of traditional methods and provide efficient and cheaper solutions makes them unique. XinFin is one such project that caught our eye in the middle of a regular day. After going through their elaborately written whitepaper, we decided to reach out to their Chief Techni...


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