Exchanges Round-Up: CME Rejects Altcoins, Waves DEX Hacked on Launch

Exchanges Round-Up: CME Rejects Altcoins, Waves DEX Hacked on LaunchIn recent news pertaining to cryptocurrency exchanges, the CEO of Chicago Mercantile Exchange (CME) has indicated that the company has no intentions of introducing derivative markets for alternative cryptocurrencies in the near futures; Waves’ decentralized exchange was hacked upon launch; and the founder Pakcoin has attributed Pakistan’s slow rate of cryptocurrency adoption to low literacy […]

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Pakistanis Find Ways to Trade Bitcoin Rendering Ban Ineffective

Pakistanis Find Ways to Trade Bitcoin Rendering Ban IneffectiveThe crypto ban in Pakistan is proving to be not as effective as expected. If anything, the State Bank has barred commercial banks and financial firms from dealing in cryptocurrency which, of course, makes life harder for local exchanges. Individual traders, however, are finding alternative ways to acquire or sell cryptocurrencies, defying the warnings and […]

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Pakistan’s Central Bank Prohibits Crypto Dealings with a Circular

Pakistan’s Central Bank Prohibits Crypto Dealings with a CircularThe State Bank of Pakistan (SBP) has issued a circular on the “prohibition of dealing in virtual currencies”. The measure comes right after a similar move by the central bank of neighboring India. Commercial banks and payment providers have been told to stay away from crypto operations. They should not facilitate transactions of virtual currencies […]

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