RBI Ban Stops Indian Police From Cashing Out Seized Crypto
The effects of banking restrictions by the Reserve Bank of India (RBI) have reached an Indian police department. The police sold some cryptocurrencies they seized only to find out that they cannot access the Rs 8.42 crore (~$1.2 million) proceeds due to the current RBI banking ban. Also read: India’s Popular ‘Who Wants to Be a Millionaire’ Show Gives Crypto a Boost Police Funds Locked Restrictions on banks placed by...
Global Law Enforcement Has Auctioned Massive Amounts of Bitcoin
Last month, the U.K. police auctioned off roughly $300,000 worth of cryptocurrencies after they were confiscated by the country’s Eastern Region Special Operations Unit (ERSOU). Since 2014, law enforcement agencies worldwide have been auctioning large sums of bitcoin seized during investigations. For some reason, governments don’t want the digital assets used in crimes and entities like the U.S. Marshals have auctioned...
Zimbabwe Bans Popular Mobile Money Services From Paying out Fiat Cash
Zimbabwe is once again showing the need to take away from politicians the power to control normal people’s money. The government there is now trying to cope with the results of mismanaging the economy by preventing citizens from using their fiat currency as they see fit. Also Read: Bittrex, Coinbase and Kraken Set up Crypto Rating Council Zimbabwe Bans Mobile Cash Transactions The Reserve Bank of Zimbabwe (RBZ) has issued a...
Ohio Removes Option to Pay Taxes With Crypto While Local SLP Project Presses Forward
The state of Ohio has become an unexpected center of American fintech focus in recent years, thanks to remarkable developments at the intersection of crypto, blockchain and government. That said, the online crypto portal that has allowed Ohio businesses to pay their taxes with bitcoin since last year, ohiocrypto.com, has just been suspended due to regulatory concerns. Meanwhile, a local city’s government is pushing forward...
DMCA Notice Confirms Trump Tweet Was Taken Down By Warner Music
President of the United States Donald Trump is well-known for his love of Twitter. He currently has well in excess of 65 million followers and regularly uses the platform to promote himself and attack his critics. Earlier today, Twitter erupted when a tweet by the President, which contained a video attacking the integrity of political rival Joe Biden, received some serious editing thanks to Twitter. While the words “LOOK AT THIS...
