The new buy limits are intended to better “protect crypto investors” and make them “more aware of the risks” associated with crypto assets, according to one of the exchanges.
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Credit Cards Should Not Be Used for Crypto Transactions, Taiwan’s Financial Watchdog Says
The financial regulator of Taiwan has asked local banks not to allow the use of cards for payments in transactions involving cryptocurrencies, local media revealed. The authority says these assets are risky while associated cash flows are hard to monitor. Taiwanese Regulator Urges Banks Not to Allow Crypto-Related Payments With Bank Cards Taiwan’s Financial Supervisory […]Powered by WPeMatico
Ukraine’s Largest Bank Suspends Money Transfers to Crypto Exchanges
Privatbank, the largest commercial bank in Ukraine, has temporarily halted transfers in national currency to digital asset exchanges. The financial institution explained the move with restrictions imposed by the country’s central bank under the current martial law. Leading Bank in Ukraine Bans Clients From Sending Hryvnia to Crypto Trading Platforms Ukraine’s largest bank in terms […]Powered by WPeMatico
Bank Raided, Arrests Made but RBI Still Restricts Withdrawals
The crisis has elevated at the cooperative bank recently placed under regulatory restrictions by India’s central bank. Multiple branches have been raided and several arrests were made. However, the RBI continues to impose a withdrawal limit, preventing bank customers from accessing their savings. The bank has 137 branches across India. Also read: RBI Ban Stops […]
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New Evidence Escalates Panic as RBI Still Limits Bank Withdrawals
Customers of a cooperative bank with 137 branches across India still do not know the fate of their money, which was restricted by the central bank. Evidence of alleged bank fraud has since surfaced, but the RBI still insists that India’s banking system is safe, despite many citizens being unable to withdraw their money. Also […]
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Indian Supreme Court Confirms New Date for Crypto Case
The Supreme Court of India has set a new date to hear the crypto case. News.Bitcoin.com has learned what happened in the latest hearing when the government was expected to deliver crypto regulation and why the case was adjourned within minutes. Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request Crypto Case Update […]
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Indian Supreme Court Takes Too Long on Crypto Case – Another Exchange Shuts Down
The inaction of India’s supreme court to end the prolonged banking restriction has forced another cryptocurrency exchange to shut down. The exchange has given its users 30 days to withdraw funds at increased fees, prompting several other exchanges to offer to refund these fees for customers switching to them. Also read: Indian Supreme Court Set […]
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Indian Government Confirms Cryptocurrency Regulation in Final Stages
The government of India has told the country’s supreme court that the committee tasked with drafting crypto regulation is in the final stages of deliberations. The court plans to hear the petitions against the banking ban by the central bank after the government produces crypto regulation. Also read: Indian Supreme Court Gives Government 4 Weeks […]
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Google Play Store Forces Samourai Wallet to Remove Security Features
Samourai Wallet has announced that, due to the Google Play Store’s “new extremely restrictive policies,” a number of security features are being removed from the wallet. The developers have applied for an exemption to the new rules, but Google has rejected their application. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations […]
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Abkhazia Temporarily Shuts Down 15 Mining Farms
Authorities in Abkhazia have cut off 15 mining facilities from the territory’s electrical grid. The short-term measure is meant to alleviate power shortages during the cold winter months. The operators of the farms have fully cooperated with the local electric utility. Also read: Two Mining Companies Among Georgia’s Major Electricity Consumers 8,950 kWt of Mining […]
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