Ban

Major South Korean banks are to ban cryptocurrency transactions

On Monday, November 27, Bitcoin has gone too far, touching another all-time high at $9,640. And it looks like it’s not the end.

Bitcoin and cryptocurrency exchanges have always been irregular in China, especially when it comes to LocalBitcoin. Every now and then the volume changes. Last week the nation set a new all-time trading volume record on the LocalBitcoins platform . This shows that the demand for Bitcoin ceases to slow down in China. Furthermore, this shows that issuing a permanent ban on Bitcoin will never be in China’s interest.

Bitcoin’s price managed to stand strongly against the punch from the authorities of China, who have banned ICOs, but another left hook from the head of JPMorgan Chase & Co., Jamie Dimon, who called cryptocurrencies a "fraud", has drawn Bitcoin down sharply.

The recent regulatory crackdown in China signals the end of crypto’s ‘Wild West’ ICO days, but DOVU are staying ahead of the curve.

A notice from the Banking Regulatory Committee led by the People's Bank of China today announced an immediate ban on ICOs. Starting September 4, all ICOs in China will be frozen.

Blockchain lottery TrueFlip has announced on June 2nd that the project’s website was listed as a website prohibited in the Russian Federation. The project has opted to comply with the blocking, however, they deem it erroneous.

On May 30, Bolivian authorities arrested 60 ‘cryptocurrency promoters’. Seems like the swan song of cryptocurrency markets in the country.

The Russian Ministry of Finance is against any "outright ban" of Bitcoin and cryptocurrencies.