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Category: withdrawal limits
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Reddit User Finds 127 Old Bitcoins at Grandpa’s House – Pockets Over $4 Million After Selling
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Egypt Limits Bank and ATM Withdrawals Citing Rampant Cash Outflow and Coronavirus Fears
On Sunday, the Central Bank of Egypt (CBE) announced it had instructed financial institutions in the country to put withdrawal limits in place for cash. Regional reports disclose that Egyptian residents can only withdraw 10,000 Egyptian pounds ($640) and businesses can only withdraw 50,000 pounds ($3,200). The CBE cited concerns over the covid-19 outbreak and […]
The post Egypt Limits Bank and ATM Withdrawals Citing Rampant Cash Outflow and Coronavirus Fears appeared first on Bitcoin News.
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US Cash Crisis: Withdrawal Limits Spark Bank Run Fear
The entire world has been focused on the economy as the coronavirus outbreak has devastated global markets. While stocks, commodities, and barrels of oil plunge in value, there’s been considerable demand for cold hard cash in certain countries. According to reports, Wall Street’s elite has been trying to withdraw $30-50K per person as they flee […]
The post US Cash Crisis: Withdrawal Limits Spark Bank Run Fear appeared first on Bitcoin News.
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Lebanon Fights for Separation of Money and State as Residents Use Bitcoin to Evade Capital Controls
Mass unrest in Lebanon due to allegations of political corruption and heavy handed capital controls has carried over into the new year, with reports pointing to a notable uptick in bitcoin trading from the embattled nation. As residents seek to preserve as much value as they can while government falters, some traders are calling for […]
The post Lebanon Fights for Separation of Money and State as Residents Use Bitcoin to Evade Capital Controls appeared first on Bitcoin News.
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Bank Closures and Withdrawal Restrictions Anger Lebanese Citizens
Lebanese citizens have been dealing with economic hardship, as the country’s central bank imposed customer withdrawal limits last October. The problems have continued over the last two months, as ATMs have stopped dispensing cash and bank branches close doors in fear of angry clients. Regional reports disclose Lebanese bank customers often wait for hours in […]
The post Bank Closures and Withdrawal Restrictions Anger Lebanese Citizens appeared first on Bitcoin News.
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Bithumb to Lower Withdrawal Limit for Crypto Traders Not Using Real-Name System
One of South Korea’s largest cryptocurrency exchanges, Bithumb, has reportedly announced that it will gradually lower the withdrawal limit for any accounts that have not been converted to real-name ones, citing risks of financial crimes. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Lowering Withdrawal Limit Bithumb reportedly said on Monday that it has “decided […]
The post Bithumb to Lower Withdrawal Limit for Crypto Traders Not Using Real-Name System appeared first on Bitcoin News.
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