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Banks in India have been closing the accounts of customers they believe have made transactions involving cryptocurrencies. The majority of crypto users in the country, however, have reportedly found a way to avoid their accounts being closed by their banks which are complying with the crypto banking ban imposed by the country’s central bank. Also […]
The post How Indian Cryptocurrency Users Avoid Banks Closing Their Accounts appeared first on Bitcoin News.
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When societies discuss cryptocurrencies, the argument that the decentralized and unregulated nature of the crypto space leaves the door open to abuse, like money laundering and financial fraud, is often put forward by officials and authorities. However, a string of cases involving precisely these sins, and many, many banks, show that regulations are largely ineffective […]
The post More Banks Sanctioned for AML, Fraud-Related Violations appeared first on Bitcoin News.
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Inefficiencies in bank guarantees forms focus of blockchain pilot by Standard Chartered, Siemens and trade finance platform TradeIX
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