high risk – DIGIT INFO

British Bank Natwest Implements New Limits on Cryptocurrency Payments to Combat UK Crypto Scams

DIGIT — Wed, 15 Mar 2023 18:00:35 +0000

On March 14, 2023, the U.K.-based bank Natwest Group announced new limits on cryptocurrency payments, citing crypto scams that cost U.K. consumers £329 million annually. The limit imposed on crypto exchanges is £1,000 daily ($1,215), with a 30-day limit of £5,000 ($6,077). Natwest’s Cautious Approach Towards Crypto Assets Prompts Another Transfer Limit Amid the banking […]

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Report: Kenya Central Bank Governor Reiterates His Opposition to Cryptocurrencies

DIGIT — Fri, 25 Mar 2022 09:30:41 +0000

The Kenyan central bank governor has once again told Kenyans to be wary of the risks that are associated with cryptocurrency transactions and trading. The governor also warned financial institutions supporting cryptocurrency transactions that they risk losing their licenses. Crypto Trading Beneficial to a Few The governor of the Central Bank of Kenya (CBK), Patrick […]

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Korean Exchanges Delist High-risk Coins as They Face Tough Regulations

DIGIT — Thu, 17 Jun 2021 04:00:20 +0000

Crypto trading platforms in South Korea are delisting certain digital currencies as they move to comply with stricter rules for the industry. The trading of some high-risk coins has been either halted or completely suspended on several Korean exchanges this week. South Korean Exchanges Wipe Trading Lists of Risky Digital Assets Trying to meet Seoul’s […]

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South African Regulator Zeroes in on Scams and Unregulated Firms in Its Second Crypto ‘Health Warning’

DIGIT — Mon, 29 Mar 2021 11:00:50 +0000

South African regulator the Financial Sector Conduct Authority recently issued its second crypto “health warning” after it noticed increased reports of crypto-related losses suffered “in the past three months.” In the warning, the regulator reminds investors that since cryptocurrencies are “not regulated by the authority or any other body,” there will be no legal recourse […]

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UK Watchdog Bans Bitcoin Advert for ‘Irresponsibly’ Promoting Investments in the Crypto Asset

DIGIT — Fri, 19 Mar 2021 17:30:51 +0000

The United Kingdom’s Advertising Standards Authority (ASA) has banned Coinfloor’s bitcoin advert for “irresponsibly” promoting investments in the crypto asset. The watchdog claimed the crypto exchange’s marketing campaign had targeted pensioners who were “unlikely to know” much about the topic. ASA’s ruling comes after the regulator received two complaints concerning the advert. According to a […]

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South African Regulator Warns Crypto Investors to ‘Be Prepared to Lose All’ Following Collapse of Bitcoin Trading Company MTI

DIGIT — Fri, 05 Feb 2021 19:30:26 +0000

The Financial Sector Conduct Authority (FSCA) has issued what it terms crypto health warning after receiving many complaints from South African victims of crypto scams. In the warning, the FSCA reminds prospective investors that crypto-related investments are currently not regulated. Therefore, investors have no recourse against anyone should they get duped. Cryptocurrencies Are High-Risk Assets […]

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The Importance of Risk Management and Psychology When Trading Crypto

DIGIT — Sun, 03 Feb 2019 19:15:34 +0000

In 2017, as crypto mania escalated, we witnessed extreme cases where individuals decided to make huge bets on bitcoin. Some liquidated all their assets and invested their life savings. Most of these investors were subsequently gored by the same bull that had led them and then rekt during the ensuing bear market of 2018. Knowing your […]

The post The Importance of Risk Management and Psychology When Trading Crypto appeared first on Bitcoin News.

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Fomo3D and PoWH3D Dominate Ethereum DApp Volume

DIGIT — Tue, 24 Jul 2018 20:00:45 +0000

First sparked by CryptoKitties, the Ethereum community has taken a liking to a motley crew of decentralized applications (DApps) built on the network. Recently, the network has seen huge volume spikes due to an unlikely niche: Ponzi DApps. At the time of writing, Fomo3D and PoWH3D were leading 24-hour DApp activity by a massive margin, with approximately ... Read more

Dutch Bank That Once Called Bitcoin ‘High Risk’ Considers Building Crypto-Wallet

DIGIT — Fri, 02 Mar 2018 00:59:09 +0000

A Dutch multinational financial provider, Rabobank has announced the possible introduction of a ‘cryptocurrency wallet’ tethered to the company’s banking services. The news follows the bank’s recent ‘high risk’ profiling of account holders that participated in bitcoin trading. Also Read: Israeli Supreme Court Forbids Bank From Denying Service to Bitcoin Exchange Rabobank Investigates the Idea of […]

The post Dutch Bank That Once Called Bitcoin ‘High Risk’ Considers Building Crypto-Wallet appeared first on Bitcoin News.

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