Bolivia’s Central Bank Lifts Ban on Crypto, Bitcoin Transactions
Bolivia’s central bank has withdrawn its ban on Bitcoin and crypto payments, enabling financial entities to use digital asset transactions to modernize its payment system. The central bank stated that the decision was taken to assist Bolivia in enhancing its economically depressed state and to ensure it complies with Latin American crypto regulations. Terminating the […]
Mainland Chinese Investors Can’t Buy ETFs Due to Crypto Ban
Mainland Chinese citizens cannot purchase Hong Kong’s spot Bitcoin and Ether exchange-traded funds (ETFs) following the crypto ban in mainland China. On April 30, three Chinese asset managers—China Asset Management, Harvest Global Investments, and Bosera—established spot crypto ETFs via their Hong Kong subsidiaries after Hong Kong authorizes spot BTC and ETH ETFs. Despite maintaining solid […]
Paytm Payments Bank Ban May Hurt Crypto Users in India
The RBI has imposed sanctions on the Paytm Payments Bank, banning it from accepting deposits or top-ups. This move could affect the crypto market in India, as Paytm is a popular mode of payment for crypto purchases. Crypto users may have to look for alternative payment methods and banks. The Paytm Payments Bank, a subsidiary […]
Nigeria’s Central Bank Lifts Crypto Ban, Issues New Bank Guidelines
The Central Bank of Nigeria has lifted its ban on crypto transactions and issued new guidelines for banks to manage their relationship with crypto service providers. The move follows the global trend of crypto regulation and compliance. The apex bank has changed its position on crypto assets in the country and instructed banks to disregard […]
Yellow Card Exchange to Seek Licensing as Nigeria Lifts Crypto Ban
The Central Bank of Nigeria (CBN) has lifted its ban on cryptocurrency transactions for banks in the country. Pan-African cryptocurrency trading platform Yellow Card Exchange is looking into obtaining a license in the most populous country in Africa, following the Central Bank of Nigeria’s (CBN) decision to lift the restriction on cryptocurrency transactions for banks […]