Australia’s largest bank has banned its customers from buying cryptocurrencies like bitcoin using its credit cards, starting today. Citing a lack of regulation and high volatility of cryptocurrencies, the Commonwealth Bank of Australia (CBA) has discontinued credit card purchases of cryptocurrencies. The curb will also extend to Perth-based Bankwest, a bank…
Posts published in “Cryptocurrency”
The South Korean government has confirmed that it completely refuses any plans to tightly regulate the crypto currency market through bans and plans to focus on improving trade transparency. Today, South Korean Minister Hon-Ki Ki published on the official website of the government a report on the further development of…
Bitcoin looks set to test the $10,000 mark soon, as per technical analysis, although some investors fear the Lunar New Year may play spoilsport. Ahead of New Year holidays (starting Feb. 15), Chinese and South Koreans often exchange bitcoin for fiat currencies (to fund increased spending), and bitcoin (BTC) tends…
The problems with the opening of bank accounts and the receipt of services of fiat deposits did not become an obstacle to the opening of new crypto-exchanges in South Korea. Since the introduction of the new real-name system, only customers of the four largest Korean crypto-birts can enter and withdraw…
It is also the largest cryptocurrency farm in Japan. The Japanese e-commerce company DMM started the launch of such a farm. According to representatives of DMM, their mining projects are the best in the Japanese market. Now the company plans to create similar mining enterprises around the world. In addition,…
Christine Lagarde, head of the International Monetary Fund, has stated that international regulatory action on cryptocurrencies is “inevitable.” Lagarde, who is the managing director of the international organization that aims to foster global financial stability, said that the IMF’s concerns over cryptocurrencies stem largely from their potential use in illicit…
BEIJING, Feb. 2 (Xinhua) — China announced Friday that it will allow direct trading between the Chinese yuan and the Thai baht on its interbank foreign exchange market beginning Monday. The move aims to boost bilateral trade and investment, facilitate the use of the two currencies in trade and…
2017 was the year of ICO, 2018 has every chance to become a year of crypto-currency regulation. Today, many countries are trying to determine the place in the world for crypto currency, and how to treat it. Some countries show a peace-loving attitude, others – they keep their ears open.…
February 4, Beijing (Xinhua News)- According to the People’s Bank of China, Chinese cryptocurrency investors have headed to offshore crypto activities since the ICO ban last September, considering the various risks of offshore transactions, China is taking a series of regulatory measures. Last year, Chinese regulators make continuing effort to…
China has been taking ever-increasing actions to clamp down on all things cryptocurrency. Starting off by banning ICOs, China ordered a bank account freeze associated with exchanges, kicked out bitcoin miners, and instituted a nationwide ban on internet and mobile access to all things related to cryptocurrency trading. The People’s…