On Friday, the Turkish central bank introduced a ban on performing payments with cryptocurrencies, citing several concerns such as their possible use for illegal activities. The ban will go into effect on April 30th. The Turkish lira has hit record lows in purchasing power over the past months, putting pressure

Miami Mayor Francis Suarez plans to turn the region into a Bitcoin mining hub. Speaking during an episode of the Unchained Podcast on March 26th, Suarez explained that he believes the United States can and should provide more opportunities to Bitcoin miners, and could make this industry cleaner from an

Turkey residents flee to Bitcoin as a change in the leadership of the local central bank spurs fears of inflation. Al Jazeera reported on March 20 that Turkey's President Recep Tayyip Erdogan issued a decree firing the central bank governor Naci Agbal. Agbal had held this position for

India is set to propose a law banning Bitcoin, again. According to a March 15th Reuters report, a local government official said that the upcoming bill is one of the world’s strictest policies against bitcoin and other digital assets. The new rules would criminalize the possession, issuance, mining, trading

An official from the Central Bank of the Russian Federation announced that the institution plans to develop a prototype of a digital ruble and test it by the end of 2022. Russian news outlet Prime reported on March 10 that Deputy Chairman of the Central Bank Alexei Zabotkin announced at

Iran should engage in large-scale Bitcoin mining and could use digital assets to circumvent international sanctions, according to the research arm of the Iranian President's office. Local news outlet IranWire reported on March 2nd that the Iranian Presidential Center for Strategic Studies has published a research report suggesting

Authorities in China's Inner Mongolia region plan to stop local bitcoin mining activities. According to an energy-saving plan published by the Inner Mongolia Development and Reform Commission on Feb. 25, local authorities will stop all ongoing bitcoin mining operations and prevent new ones from being established. These new

Obi Nwosu is the CEO and co-founder of Coinfloor, the UK's longest-running Bitcoin exchange. He has over 20 years’ experience building online marketplaces and bringing virtual currencies to tens of millions of people. Obi writes The Road to Bitcoin Hegemony, a weekly recap of some of the most