The Eastern province of Anhui in China has joined the growing list of Chinese regions to crack down on cryptocurrency mining companies and operations. According to local reports, authorities plan to shut down mining facilities in the province and prohibit new energy-intensive projects to manage the power deficit in the region. According to a local […]
“When I encounter traders who lack enthusiasm for trading, I know their foray into the financial markets will be short lived. They seem puzzled that their mediocre efforts, and a tendency to be pessimistic, haven’t led to a bank account full of gold.” – Louise Bedford Name: Greg CoffeyDate of birth: April 25, 1971Nationality: AustralianOccupation: […]
The behemoth payments company, Visa, announced on July 7 that it recorded over $1 billion worth of cryptocurrency expenditures in its customers across the globe through cryptocurrency-linked Visa cards in the first half of 2021. The multinational payments company noted that it is partnering with 50 top crypto platforms “to launch card programs that make […]
Only a few months after calling out Bitcoin for its immensely volatile nature and supposed impracticality, Bank of America (BofA) has now assembled a new designated research team with digital assets as its primary objective. Referencing an internal memo, Bloomberg recently reported that the behemoth multinational investment bank has become the latest of its class […]
The head of the French central bank, François Villeroy de Galhau, has cautioned that the European monetary sovereignty could come under significant pressure if the European Union fails to regulate cryptocurrencies. He noted that failure to act to thwart the role of the euro in the international scape. The governor of the Banque de France […]
Philippine’s national stock exchange, the Philippine Stock Exchange (PSE), is believed to have its eyes on cryptocurrency trading. The president of the PSE, Ramon Monzon, in an interview with CNN Philippines last Friday noted that the stock exchange should offer cryptocurrency trading for interested parties. Monzon noted that the suggestion was discussed in a top […]
Several Indian banks continue to suspend offering services to customers dealing in cryptocurrencies, despite the Reserve Bank of India’s (RBI) memo that its crypto ban was no longer valid. According to a recent report by Livemint, IDFC First Bank has joined the growing list of Indian commercial banks suspending their services to crypto-based companies. The […]
Following the Africrypt scandal, South Africa’s Financial Sector Conduct Authority (FSCA) has released a statement yesterday noting that it lacked regulatory jurisdiction over cryptocurrencies. The regulator also warned the public about the “high-risk nature of investing in crypto assets.” In addition to its worries over the “suitability of crypto assets as an asset class” and […]
New reports from South Korea reveal that several top cryptocurrency exchanges in the region have carried out mass delisting of many altcoins to stimulate a better relationship with the banks. According to local reports on Tuesday, these exchanges took this step to better their chances of partnering with banks that offer real-name accounts for their […]
