Congressman Sherman, who’s from California, made the remarks May 9 at a meeting of the House Financial Services Committee.
Sherman says the ban is necessary because crypto threatens to undermine the U.S. dollar and is only useful for criminal activities like money-laundering, drug-dealing, and tax evasion. Continue reading Bitcoin-Bashing Democrat Calls for Blanket Ban on Cryptocurrencies
Tag Archives: Ban
Chinese Crypto Whales Avoid Ban with Premium OTC Trading to Buy Bitcoin
According to CNLedger, a recognized source of China-related cryptocurrency news, the Chinese over-the-counter (OTC) market has revealed strong buys as of late, indicating an overall rise in demand for bitcoin. Continue reading Chinese Crypto Whales Avoid Ban with Premium OTC Trading to Buy Bitcoin
South Korean Startup Presto to File Constitutional Appeal Against Local ICO Ban
A South Korean blockchain startup, Presto, will reportedly file a constitutional appeal over the county’s ban on Initial Coin Offerings (ICOs), South Korean economic media outlet Sedaily reports Dec. 6. Continue reading South Korean Startup Presto to File Constitutional Appeal Against Local ICO Ban
Chile Court Says Banks Can Ban Crypto Exchanges
On December 6, the Third Chamber of the Chilean Supreme Court officially sided with the state-owned BancoEstado after it banned a local crypto exchange by shutting down its bank account. Continue reading Chile Court Says Banks Can Ban Crypto Exchanges