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In an attempt to halt a currency crisis, and over concerns related to money-laundering, the Central Bank of Iran has banned the banks of the country from dealing in virtual currencies such as Bitcoin. The Central Bank of Iran (CBI) has moved to prohibit banks from taking transactions which enable the buying, selling, or the promoting of virtual currencies. The bank’s move was reported on Sunday by the Islamic Republic News Agency (IRNA). As reflected by Reuters: Banks and credit institutions and currency exchanges should avoid any sale or purchase…

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As India works on the bill to regulate cryptocurrencies, each government department has its own opinion on whether to ban the use of crypto, including bitcoin. The Finance Ministry, the Reserve Bank of India (RBI), the Income Tax Department, and the Special Investigation Team have voiced their opinions on the upcoming bill. Also read: Russian Regulators Draft Law to Restrict Crypto Mining, Payments, and Token Sales No Consensus Among Regulators India is preparing a bill on the regulation of cryptocurrency. “The bill has been drafted and consultation has been started with…

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The Reserve Bank of India (RBI) will soon be going to court. This comes after a crypto startup has put forward a petition contesting the bank’s conditional ban on cryptocurrency. Fickle is an apt term to describe India’s relationship with Bitcoin and cryptocurrencies in general. There’s no doubt that its population is all aboard the crypto train, showing a keen interest in the digital currency industry. India’s authorities? Not so much. The country’s Finance Minister has previously stated that cryptocurrency will not be seen as legal tender. More recently, the…

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The Russian government has officially provided a response to the bill that seeks to outline the legal framework for cryptocurrencies. Many flaws and inadequacies were pointed out including unjustified restrictions on Russian residents and foreign investors. Also read: Russian Regulators Draft Law to Restrict Crypto Mining, Payments, and Token Sales Response to Crypto Bill The Russian government published its official response on Saturday to the draft federal law no. 419059-7 “On Digital Financial Assets” which aims to regulate cryptocurrencies, crypto mining, as well as initial coin offerings (ICOs). The House of…

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This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. aXpire is excited to introduce its MatchBX product to the blockchain community. Coming in late Q2, MatchBX will allow blockchain-empowered freelance work, with individuals able to engage with each other or businesses to earn cryptocurrency (AXP) as a full time job. There has never been…

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UK consumer advice personality Martin Lewis is taking Facebook to court over “disgusting” fake advertising using his name to sell “get-rich-quick” financial schemes. Lewis Lambasts Paid-Up ‘Scams’ Lewis, who has amassed a $175 million fortune from resources such as MoneySavingExpert.com, which ironically helps consumers avoid unnecessary expenditure, said Facebook had not done enough to remove fake ads using his identity. “Today (Monday 23 April), I will issue High Court proceedings against Facebook, to try and stop all the disgusting repeated fake adverts from scammers it refuses to stop publishing with…

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The Finnish government has revealed the number of taxpayers who owe taxes from bitcoin-related income. The country’s Tax Administration claims to have “different ways to combine information and identify people” who owe taxes from crypto profits, which are now “well over ten times higher than last year.” Also read: Russian Regulators Draft Law to Restrict Crypto Mining, Payments, and Token Sales Most Finns Have Not Paid Taxes on Crypto Gains Most Finns have not reported income to the country’s tax department from the sale of cryptocurrencies in previous years, Kauppalehti newspaper…

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The Lightning Network has almost doubled the amount its capacity in two weeks this month as more and more users expand the protocol. Lightning: 2 Weeks, 2x Capacity Data showing current activity on Lightning’s Bitcoin mainnet implementation reveals a network capacity of $148 million, up from $80 million April 10. At one point, over 2000 active public nodes were available to process transactions, which can confirm almost instantly for a fee of less than one satoshi per byte.What’s more, the network has now reached 7000 active channels. “The universe keeps expanding…

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Iran’s central bank has issued a statement banning the country’s banks and financial institutions from dealing with cryptocurrencies such as bitcoin, citing money laundering and terrorism financing risks. However, the local crypto community in Iran believes that the ban will not affect them and some exchanges continue to operate normally. Also read: Russian Regulators Draft Law to Restrict Crypto Mining, Payments, and Token Sales Banned by Central Bank The Central Bank of Iran (CBI) has issued a statement on Monday banning the use of cryptocurrencies including bitcoin by banks and financial…

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Trading volume for Bitcoin and other cryptocurrencies may be down from its all-time highs, but the action for big-money, over-the-counter traders is starting to pick up. Big Money Movers As signs of life from Bitcoin begin to make waves in the broader cryptocurrency market, the amount of high-volume, off-exchange trades is starting to pick up. Circle’s chief executive, Jeremy Allaire, told Business Insider that Bitcoin trading at the firm’s over-the-counter (OTC) trading desk is heating up, causing the Goldman Sachs-funded company to double the size of its minimum cryptocurrency trade requirements…

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