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Experts Predict Future Regulation of Crypto Exchanges by 2025, With Split Opinion on Similarity to Traditional Finance

February 4, 2023 by DIGIT

Following finder.com’s reports on bitcoin and ethereum predictions, the product comparison site polled 56 specialists in the fintech and cryptocurrency industry to gauge their thoughts on future regulation of crypto exchanges. The experts predict that virtual currency trading platforms will be regulated, but not until 2025 or 2030. When regulation does occur, 76% of Finder’s … Read more

Binance’s SWIFT banking partner set to ban USD transfers below $100K

January 22, 2023 by DIGIT

Binance stressed that credit and debit card payments will continue to be accepted and that non-USD bank transfers would still be processed through the SWIFT payment system. Go to Source Powered by WPeMatico

SBF reveals what was behind FTX’s reopening of Bahamian withdrawals

November 30, 2022 by DIGIT

The former FTX CEO has explained why the exchange only reopened withdrawals for Bahamian citizens shortly after it filed for bankruptcy on Nov. 10. Go to Source Powered by WPeMatico

Plaid suspends FTX.US access to user data after ‘concerning’ reports

November 13, 2022 by DIGIT

United-States-based Twitter users had been reporting suspicious data access requests from FTX.US to their bank accounts. Go to Source Powered by WPeMatico

Nigeria’s SEC in Talks With Central Bank of Nigeria Over Crypto Regulation— 2020 Crypto Guidelines Still Suspended

April 17, 2021 by DIGIT

Nigeria’s Securities and Exchange Commission (SEC) has revealed that talks with the Central Bank of Nigeria (CBN) regarding the regulation of cryptocurrencies are ongoing. The securities regulator also reiterated that due to a CBN directive that was issued on February 7, 2021, the crypto guidelines it issued in September 2020 remain suspended. Crypto Guidelines Set … Read more

Lawyer Files Class Action Complaint to Stop Argentinean Central Bank from Collecting Crypto Users Data

April 8, 2021 by DIGIT

The idea of the Argentinean central bank asking local banks for information on customers who deal with cryptocurrencies is generating controversy in the local industry. A new chapter in this story has been written, as a local lawyer has filed a class-action complaint before a national court to overturn such a ruling. Argentinean Central Bank … Read more

Argentinean Central Bank Asks Local Banks for Information on Customers Who Deal With Cryptocurrencies

April 5, 2021 by DIGIT

As cryptocurrencies keep gaining adoption in Argentina, there are discussions on how the national regulatory bodies should regulate the industry. The Central Bank of Argentina (BCRA) seems to have taken a step forward in making the picture clearer. Banks Should Provide Data Such as National Identification Numbers and Home Addresses According to Infobae, the BCRA … Read more

Chilean Court Orders Two Major Banks to Keep Open Checking Accounts of Crypto Exchange Buda

January 5, 2021 by DIGIT

Chile’s Free Competition Defense Court (TDLC) ruled in favor of the Latin American cryptocurrency exchange Bud after their checking accounts were closed by two major banks in the midst of a lawsuit related to a Ponzi scheme unrelated to the exchange. Chilean Court Rejected Petitions From Two Banks to Keep Checking Accounts Closed From Crypto … Read more

China Freezes Thousands of Bank Accounts Tied to OTC Crypto Trading

June 11, 2020 by DIGIT

China will always remain a controversial country when it comes to handling cryptocurrencies. This is primarily due to all of the illicit activities taking place within its borders. In a new crackdown against illegal crypto money streams, the Chinese government has taken a different approach. China Targets Crypto Bank Accounts Rather than collecting data for … Read more

Nigerians Can Now Buy Bitcoin With Cash From Stores and ATMs That Take Naira

March 8, 2020 by DIGIT

If there’s a place where cryptocurrencies draw significantly more attention than anywhere else right now, it has to be Nigeria. Africa’s largest economy is driven by its oil exports, expanding manufacturing, financial services, communications and information technology sectors, but also by a tech-savvy generation that asks Google about Bitcoin more than its peers in other … Read more