Key Takeaways Indonesia Religious council rules that crypto is forbidden for Muslims. The National Ulema Council, or MUI, has considered cryptocurrency as haram or banned. MIU is a government-funded organization, and hence its latest decision is not legally binding in…
Key takeaways: According to the Swedish Financial Supervisory Authority, Bitcoin and Ethereum mining or the proof of work endangers Paris Climate Agreement. Cryptocurrency mining consumes a lot of electricity. Thus some miners have switched to sustainable energy sources in the…
Key takeaways: Steam has officially prohibited any “blockchain-based apps that issue or facilitate the trading of cryptocurrencies or NFTs.” Steam’s latest move is most likely needed in order to safeguard its customers from any fraud. Steam, an online platform from…
Key takeaways: Customers in Mainland China will no longer be able to trade over-the-counter (OTC) using Bitget. Huobi to ban All Chinese Users, Binance Halts New User Registration in Mainland China The Chinese Yuan will no longer be used as…
Key Takeaways: Binance terminates the use of the Chinese Yuan as a FIAT currency. Further, Binance will no longer cater its services to Chinese traders. Earlier this week, Bitman announced that it will no longer supply Bitcoin mining equipment to…
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