Limit – DIGIT INFO

Court Upholds $1,000 Cap on Daily Crypto ATM Withdrawals in California

DIGIT — Wed, 04 Sep 2024 22:10:48 +0000

A California Superior Court has upheld the Digital Financial Assets Law, which includes a $1,000 daily withdrawal limit for cryptocurrency ATMs. The law also requires crypto ATM operators to obtain licenses and comply with fee limits and new disclosures. California Court Upholds Bitcoin ATM Withdrawal Limit The California Department of Financial Protection and Innovation (DFPI) […]

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Major Australian bank to decline ‘certain’ payments to crypto exchanges

DIGIT — Thu, 08 Jun 2023 05:26:39 +0000

James Roberts, Commonwealth Bank General Manager of Group Fraud Management Services cited a huge scale of “investment scams” involving crypto exchanges.

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Binance Reportedly Removes Restrictions on Russian Users

DIGIT — Thu, 27 Apr 2023 07:00:07 +0000

The world’s largest crypto exchange, Binance, has lifted certain restrictions on Russian users, local crypto media unveiled. According to multiple reports, Russians can once again use their bank cards to make deposits and the trading platform has canceled a limit on their balances which was introduced in compliance with European sanctions. Russian Cards, Including Visa […]

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Treasury Secretary Yellen Urges Swift Action to Increase Spending Limit, Avert Default on US Obligations

DIGIT — Sat, 14 Jan 2023 19:30:02 +0000

Janet Yellen, the U.S. secretary of the Treasury, sent a letter to Congress on Friday urging lawmakers to increase the spending limit. Yellen stressed that the country would reach its statutory debt limit on Jan. 19, 2023. She warned that “failure to meet the government’s obligations would cause irreparable harm to the U.S. economy, the […]

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ECB Economists Suggest Limiting Access to Digital Euro to Protect Banks

DIGIT — Fri, 29 Jul 2022 22:30:24 +0000

A group of economists evaluating the potential effects of a digital euro have insisted that restricting access to the upcoming currency is necessary to preserve the current financial system. Their study follows an earlier proposal to limit digital euro deposits at the European Central Bank (ECB) to €3,000 per person. Limited Availability of Digital Euro […]

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Ukraine Central Bank Limits Cash Withdrawals Amid Russian Assault

DIGIT — Thu, 24 Feb 2022 20:30:37 +0000

The central bank of Ukraine has capped withdrawals of cash in national fiat and banned those in foreign currency. The monetary authority says the measures aim to ensure the functioning of the nation’s financial system under the martial law introduced in response to Russia’s military offensive. National Bank of Ukraine Restricts Hryvnia Withdrawals, Fixes Exchange […]

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Main Opposition Candidate for President of South Korea Pledges Support for Crypto Tax Exemptions

DIGIT — Thu, 20 Jan 2022 10:00:21 +0000

The leading presidential candidate of the opposition in South Korea has promised voters to ease the tax burden on crypto-related profits through exemptions. In a recent statement, Yoon Suk-yeol indicated that crypto investors will be treated like those who put money into stocks. Presidential Candidate Looks to Attract Young Voters With Crypto Tax Cuts Yoon […]

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Brazilians Who Held $1,000 in Crypto Last Year Must Report It on Tax Returns by End of May

DIGIT — Sun, 30 May 2021 14:00:30 +0000

Taxpayers in Brazil have only a couple of days left to file their annual tax returns. Investors who had more than 5,000 reals worth of cryptocurrency in 2020, a little less than $1,000, are obliged to report the funds on their income tax declarations this year. Brazilians who fail to do that on time face […]

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Bank Raided, Arrests Made but RBI Still Restricts Withdrawals

DIGIT — Sun, 06 Oct 2019 07:05:10 +0000

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 […]

The post Bank Raided, Arrests Made but RBI Still Restricts Withdrawals appeared first on Bitcoin News.

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New Evidence Escalates Panic as RBI Still Limits Bank Withdrawals

DIGIT — Wed, 02 Oct 2019 10:05:49 +0000

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 […]

The post New Evidence Escalates Panic as RBI Still Limits Bank Withdrawals appeared first on Bitcoin News.

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