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Pakistan’s Central Bank Prohibits Crypto Dealings with a Circular

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The 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 … Read more

Bitcoin Price Watch: Currency Hits $7,000 Mark

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Bitcoin seems to be on an ascending path. After incurring a $300 jump yesterday and trading at roughly $6,900, the currency has hit the $7,000 point – a welcome move for many hungry enthusiasts. One of the reasons may be the recent influx of major financial players – some of which had originally turned their … Read more

PBOC Plans to Continue “Rectifying Cryptocurrency Activity” in China

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Last year the Chinese government cracked down on initial coin offerings (ICO) and stopped all domestic cryptocurrency exchanges from dealing with the renminbi. According to local reports and the central bank’s recent ‘2018 agenda,’ the People’s Bank of China aims to finish what it started in 2017 by “rectifying” all virtual currency operations, introducing new … Read more

Bitcoin Prediction Market Fairlay Sees Sizable Volumes

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In the cryptocurrency ecosystem, the concept of prediction markets is a topical subject. There are a few projects in the works hoping to build decentralized prediction markets such as Augur and Hivemind. One particular project, although not fully ‘trustless’ at the moment, Fairlay, has been moving a staggering amount of volume over the past few … Read more

Coindcx Launches Indian Crypto-to-Crypto Exchange Amid Regulations

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This week the Reserve Bank of India (RBI), the country’s central bank, has banned banks from dealing with cryptocurrency businesses. Indian financial institutions have three months to cease doing business with digital asset operations but some of them may stop facilitating INR settlements. News.Bitcoin.com spoke with Sumit Gupta the founder and CEO of a new … Read more

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