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Over the past few weeks, regulators and financial institutions have been reacting to the worldwide popularity of bitcoin and other cryptocurrencies. In another regulatory-related matter, this week in Kuala Lumpur, Malaysia, the trading platform Luno had its bank account frozen by the country’s tax officials. Also read: Federal Reserve Chair: “Fed Doesn’t Really Play Any […]
The post Luno Exchange Bank Account Frozen by Malaysian Tax Officials appeared first on Bitcoin News.
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The central bank of Indonesia warns all citizens against cryptocurrency use, taking a harsher tone than previous advisory statements. #NEWS
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Bank Indonesia, Unitary State of the Republic of Indonesia’s central bank, has issued perhaps its bluntest statement yet on curbing the use of cryptocurrency, affirming a hardening stance on the popularity of what it refers to as “virtual currency” such as bitcoin. Also read: Ditch University and High Transaction Fees! Bank Indonesia Warns All Parties […]
The post Bank Indonesia: Do Not Sell, Buy, Trade Cryptocurrency appeared first on Bitcoin News.
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Brazil’s Securities and Exchange Commission announced on Friday that local investment funds are prohibited from investing in cryptocurrencies. The country’s regulators are currently working on crypto regulation; seven public hearings have already been held to discuss this subject. Also read: South Korea Urges 23 Countries, EU, and IMF to Collaborate on Curbing Crypto Trading No Crypto […]
The post Brazil Regulator Prohibits Funds from Investing in Cryptocurrencies appeared first on Bitcoin News.
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The Russian Ministry of Finance is drafting a bill to legalize cryptocurrency trading at approved exchanges. The ministry is already preparing a list of approved trading platforms. Also read: Russian Regulators Draft Law to Restrict Crypto Mining, Payments, and Token Sales Some Exchanges Will be Legalized The Russian Deputy Finance Minister Alexei Moiseev told reporters that […]
The post Russia Drafts Bill to Legalize Cryptocurrency Trading on Approved Exchanges appeared first on Bitcoin News.
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Investors in Thailand can now trade bitcoin futures listed on the Chicago Mercantile Exchange and the Chicago Board Options Exchange. The country’s financial authorities say that these instruments should be offered in Thailand and one company is already offering them to their customers. Also read: South Korea Urges 23 Countries, EU, and IMF to Collaborate on […]
The post Thailand’s Regulators Allow Bitcoin Futures Trading appeared first on Bitcoin News.
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Central banks all over the world are looking for ways to counter the Bitcoin “threat” these days. Although the issuance of Bitcoin regulation will not do much in this regard, it’s still an option being considered. The Bank of England had plans to issue its own digital currency not that long ago, but it seems this idea has been put on ice indefinitely. That’s due to the potential instability such a currency might cause. Bank of England Reverses Course There have been various rumors regarding the Bank of England issuing its own digital currency at some point in the future. This financial institution is not the only onePowered by WPeMatico
Less than a week since it started licensing blockchain businesses, Gibraltar has received bad news from the United Kingdom. A leading British bank has refused to process orders from crypto firms based in the overseas territory. Gibraltan banks are now on the lookout for another UK banking partner. Also read: Britain: Where You Can Bet […]
The post British Bank Says “No” to Crypto Firms from Gibraltar appeared first on Bitcoin News.
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Concerned about the US dollar’s predicted drop in value, and many African countries relying on USD cash reserves, vice president of Groupe Nduom, a leading financial holding company, Papa-Wassa Chiefy Nduom, has taken to Linkedin and Twitter to make the case for less reliance on greenbacks and more investment in bitcoin. Also read: Jimmy […]
The post African Holding Company VP Urges Central Bank to Buy Bitcoin and Ditch Dollar appeared first on Bitcoin News.
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The Ho Chi Minh City Customs Department has revealed the number of known mining rigs imported into Vietnam in 2017. Over 7,000 rigs were brought into the country, mostly from China, with over 5,000 entering since November. While Vietnam is clamping down on the use of bitcoin as a means of payment, mining rigs are […]
The post Cryptocurrency Mining Soars in Vietnam – Over 7000 Rigs Imported appeared first on Bitcoin News.
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