Bitcoin is an open ecosystem, and open protocol, meant to free people and their money.
Coinbase, the largest Bitcoin exchange, just gave Bitcoin's openness a giant middle finger by banning Gab, the free speech social network, from their platform.
Bitcoin is supposed to be anti-censorship. But it can't be that if the on-ramps into Bitcoin are controlled by biased gatekeepers who ban people they don't like.
And worse yet, they're setting a precedent that other bitcoin businesses may follow. How long until you get banned?
If you agree this is a dangerous precedent to set, contact @coinbase on Twitter and let them know won't be using them unless they reinstate Gab's account.
submitted by /u/Ginger322
Bitcoin – The Currency of the Internet
Consumers with a Wells Fargo credit card may no longer use it to buy bitcoin and other cryptocurrencies. A spokesperson with the California bank …
Google Alert – bitcoin
Iran’s central bank has issued a statement banning the country’s banks and financial institutions from dealing with cryptocurrencies such as bitcoin, citing money laundering and terrorism financing risks. However, the local crypto community in Iran believes that the ban will not affect them and some exchanges continue to operate normally.
Also read: …
It appears that the Iranian people are losing trust in the rial as it continues to depreciate in value. In response, the government of Iran is trying to prevent them from getting their hands on foreign currency, providing another example of the need for bitcoin. We should expect to see a growth in local bitcoin use as this situation develops, just as has happened in Venezuela and elsewhere.
Also Read: …
Leading Danish bank, Danske Bank, has published a document announcing that the company does not wish to “support the investment environment surrounding cryptocurrencies.” Danske bank will “phase out the possibility of” its customers purchasing financial instruments comprising cryptocurrency derivatives. Despite the bank’s concerns pertaining to the risks associated with cryptocurrencies, Danske customers will still be able to purchase virtual currencies via credit card.…
In what amounts to a major clampdown down on bitcoin and other cryptocurrencies, the Reserve Bank of India (RBI) announced in a press release today, April 5, 2018, that it is banning banks and regulated financial entities from dealing with digital currencies.“In view of the associated risks, it has been decided that, with immediate effect, entities regulated by RBI shall not deal with or provide services to…
If banks, e-wallets and any other entities regulated by RBI are not allowed to facilitate sale or purchase of cryptocurrencies, individuals will not be able to transfer money from any bank account in India into a Bitcoin wallet like Bitpay, nor will they be able to fund purchases of cryptocurrencies on an …
Google Alert – bitcoin