Russia Blocks PornHub, More Bitcoin Restrictions Soon?
Russia is not exactly known for its tolerance of free speech, adult content, and virtual currencies. In recent months, the Russian Internet watchdog Roskomnadzor has blocked access to various Bitcoin websites, as well as Wikipedia. But it looks like these woes are far from over, as Roskomnadzor has blocked access to various adult websites, including PornHub. It is important to note that Russian ISP’s have no infrastructure in place to block a specific portion of an internet domain. For example, if Roskomnadzor wants to restrict access to a certain page on Facebook, the entire Facebook.com....
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During the first week of September, the world’s largest adult web portal Pornhub expanded its payment options by adding bitcoin and support for three other cryptocurrencies. However, after Mastercard and Visa severed ties with Pornhub last week, the company’s premium services payment processor now defaults to cryptocurrency only. Pornhub is by far the largest adult website in the world, as the site provides pornographic video sharing services to billions of people across the globe. According to similarweb.com page ratings, the adult site is the 10th most trafficked site on the....
Global payment companies Mastercard announced on December 10, 2020, its official decision to ban their customers from using credit and debit cards to arrange purchases on one of the biggest adult websites. Visa has taken the same measure on a temporary basis. Mastercard Cuts Ties With Pornhub Following Accusations According to a statement sent through Bloomberg, Mastercard said that after investigating Pornhub “over the past several days,” which “confirmed violations of our standards prohibiting unlawful content on their site.” Another payment processor giant, Visa,....
The Central Bank of Russia has relaxed some limitations for Russian banks selling U.S. dollars and euros to the public. The increased supply of foreign cash may affect the crypto market in the country as currency restrictions have been a driver of increased demand for digital coins. Monetary Authority of Russia Expands Citizens’ Access to Foreign Cash The Central Bank of the Russian Federation (CBR) has lifted one of the restrictions on the sale of U.S. dollars and euros in cash to private individuals imposed amid Western sanctions over the war in Ukraine, the Interfax news agency....
The Monetary Authority of Singapore (MAS) has reiterated that cryptocurrency exchanges need to conform to restrictions on Russian users imposed over Moscow’s invasion of Ukraine. The reminder comes after researchers established that pro-Russia activists have raised millions of dollars in digital assets to support its war effort. Singapore Says Measures Targeting Russia Apply to All Financial Institutions, Including Crypto Exchanges Compliance with financial sanctions on Russia is a must for licensed cryptocurrency exchanges, the Monetary Authority of Singapore (MAS) commented for local....
Russia blocks one of the largest running cryptocurrency exchanges, BTCe, following BitStamp’s voluntary IP block of its Russian users. These developments are likely a preview of what is to come from enforcement of recent laws criminalizing blockchain technologies and ‘money substitutes’ in the Russian market. Russia Can’t Make Up its Mind on the Blockchain. More baffling still is the fact these moves to shut down Bitcoin exchanges are coming after last month’s announcement of a ‘clear road map’ to legalize cryptocurrency in Russia. This roadmap is a facet of a proposal to deregulate the IT....