Community members said CoinList recently banned department KYC accounts - Aliens: AI Crypto News & Markets Updates

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Community members said CoinList recently banned department KYC accounts

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Aliens

Wed, Nov 10, 2021

CoinList recently blocked KYC accounts. Some blocked users were temporarily unable to withdraw cash. The community stated that CoinList sent e-mails to relevant users to inform them about the ban on accounts. In addition, the CoinList website was shown to be unusable today.

Source: Block Beats

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Proposed legislation that would ban the use of cryptocurrencies as a method of payment in India also seeks to make those who infringe the law subject to arrest without a warrant and being held without bail, according to a source and a summary of the bill seen by Reuters. Prime Minister Narendra Modi's government has previously flagged that it plans to ban most cryptocurrencies - a move which follows measures by China this September that intensified its crackdown on cryptocurrencies. According the summary of the bill, the Indian government is planning a "general prohibition on all activities by any individual on mining, generating, holding, selling, (or) dealing" in digital currencies as a "medium of exchange, store of value and a unit of account".
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