limits – DIGIT INFO

Uzbekistan Allows Foreign Firms to Deposit Funds From Crypto Trading, Restricts Other Operations

DIGIT — Thu, 16 Feb 2023 21:00:21 +0000

The Central Bank of Uzbekistan has permitted foreign-based businesses to open domestic bank accounts and deposit funds received from cryptocurrency trading. These companies will also be able to transfer the money abroad, but operations in the country will be restricted. Uzbekistan Updates Rules for Operations With Proceeds From Crypto Exchange Transactions The Central Bank of […]

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Crypto Exchange Bybit to Add New Restrictions for Unverified Users, Update Withdrawal Limits

DIGIT — Mon, 12 Dec 2022 11:30:04 +0000

Cryptocurrency exchange Bybit has announced upcoming changes to its know-your-customer (KYC) policy that will limit certain operations for unverified customers. The stricter requirements concern coin purchases with fiat money, NFT transactions, and withdrawal limits. Bybit to Limit Services for Traders Who Have Not Passed Identity Verification Crypto exchange Bybit will restrict some services that are […]

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Santander UK Limits Cryptocurrency Exchange Transactions, Bank Says Investing in Crypto ‘Can Be High Risk’

DIGIT — Thu, 03 Nov 2022 19:30:07 +0000

On Nov. 3, Santander UK, the subsidiary of the Spanish financial giant Banco Santander, S.A., published a notice that says “investing in cryptocurrency assets can be high risk.” Furthermore, the British bank also imposed a limit on cryptocurrency exchanges using the firm’s mobile and online banking services. Santander UK Limits Crypto Exchange Transfers to ‘Protect’ […]

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Israel Prohibits Cash Deals for Amounts Starting as Low as $1,700

DIGIT — Sat, 30 Jul 2022 20:00:35 +0000

New legislation introducing tighter restrictions on payments with large sums of cash will enter into force in Israel on Monday. The goal, as stated by the country’s tax authority, is to improve the fight against organized crime, money laundering, and tax evasion. Critics doubt the law will achieve that. Authorities in Israel Go After Cash […]

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Ukraine’s New Fiat Restrictions to Boost Popularity of Crypto, Industry Says

DIGIT — Sun, 24 Jul 2022 06:00:23 +0000

The central bank of Ukraine has adjusted the fixed exchange rate of the national currency in U.S. dollars and introduced stricter limits on hryvnia transactions for citizens. The measures are likely to turn more Ukrainians to cryptocurrencies, according to a representative of the local crypto sector. War-Time Hryvnia Limits Expected to Increase Interest in Cryptocurrency […]

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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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Kazakhstan Imposes Purchase Limits on Retail Crypto Investors

DIGIT — Fri, 05 Nov 2021 11:30:07 +0000

Authorities in Kazakhstan have introduced restrictions on the amounts of cryptocurrency retail investors can buy on local exchanges. Officials explained the decision citing the need to protect private individuals from exposure to the risks associated with digital financial assets. Investors in Kazakhstan Can Buy up to $1,000 in Crypto a Month Without Declaring Income Kazakhstan […]

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Sending Cash to Friends and Family Through Bitcoin ATMs Is Safer Than Crowding Bank Offices During Pandemic

DIGIT — Mon, 16 Mar 2020 09:15:03 +0000

Transferring money over traditional channels may involve a lot of queuing in lines these days. Authorities around the world are trying to prevent large groups of people gathering in confined spaces to reduce the risk of transmitting the coronavirus infection. Remittances are a lifeline for people in many countries and cryptocurrency ATMs provide a way […]

The post Sending Cash to Friends and Family Through Bitcoin ATMs Is Safer Than Crowding Bank Offices During Pandemic appeared first on Bitcoin News.

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Utorg Exchange Grants Access to Traders With Limited Verification

DIGIT — Tue, 24 Dec 2019 17:00:13 +0000

Utorg.io is a digital asset exchange based in the U.K. that allows users in Europe and around the world to trade cryptocurrencies with stablecoins and fiat money. What sets the new platform apart from many incumbents is the simplified verification procedure for traders who don’t exceed а daily limit of $1,000. Its decision to provide […]

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Poloniex Restores Unverified Accounts With Unlimited Trading

DIGIT — Sun, 22 Dec 2019 03:34:41 +0000

In times of mounting pressure on crypto companies to comply with expanding due diligence requirements, Poloniex has taken a step in the opposite direction. The exchange is lifting restrictions that applied to unverified users in response to customer demand. New and current accounts will enjoy access to unlimited trading and deposits. Also read: P2P Crypto […]

The post Poloniex Restores Unverified Accounts With Unlimited Trading appeared first on Bitcoin News.

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