カテゴリー: shut down

Thai Cryptocurrency Exchange Determined to Stay Open After SEC Orders Shutdown

Thai Cryptocurrency Exchange Determined to Stay Open After SEC Orders ShutdownThe Thai Ministry of Finance has rejected the last cryptocurrency exchange application it had been reviewing. The exchange, which has been ordered to close down business and return customer funds, is determined to stay operational. “Shutting down is not an option for us,” its chief strategy officer reportedly said. Also read: Indian Supreme Court Moves Crypto […]

The post Thai Cryptocurrency Exchange Determined to Stay Open After SEC Orders Shutdown appeared first on Bitcoin News.

Nigeria’s Union Bank Threatens to Shut Down Cryptocurrency-Related Accounts

Nigeria's Union Bank Threatens to Shut Down Cryptocurrency-Related AccountsA large commercial bank in Nigeria has threatened to shut down an undisclosed number of cryptocurrency-related accounts without explanation. Lagos-based Union Bank claims that any decision to do so would be in line with the Central Bank of Nigeria’s (CBN) past warnings about cryptocurrency trading. Also read: Malaysian MP “Concerned About Threat” From Cryptocurrencies to Government […]

The post Nigeria’s Union Bank Threatens to Shut Down Cryptocurrency-Related Accounts appeared first on Bitcoin News.

Nigeria’s Union Bank Threatens to Shut Down Cryptocurrency-Related Accounts

Nigeria's Union Bank Threatens to Shut Down Cryptocurrency-Related AccountsA large commercial bank in Nigeria has threatened to shut down an undisclosed number of cryptocurrency-related accounts without explanation. Lagos-based Union Bank claims that any decision to do so would be in line with the Central Bank of Nigeria’s (CBN) past warnings about cryptocurrency trading. Also read: Malaysian MP “Concerned About Threat” From Cryptocurrencies to Government […]

The post Nigeria’s Union Bank Threatens to Shut Down Cryptocurrency-Related Accounts appeared first on Bitcoin News.

Korean Exchange Terminating After Regulator Crackdown

Korean Exchange Shuts Down After Regulator Cracks Down on Its Cryptocurrency FundCryptocurrency exchange Zeniex has announced that it is terminating all services after South Korea’s financial authorities started cracking down on unauthorized crypto funds. The exchange is asking its customers to withdraw their cryptocurrencies before the end-of-service date. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Terminating Services and Fund Zeniex, an exchange launched in May, […]

The post Korean Exchange Terminating After Regulator Crackdown appeared first on Bitcoin News.

ECB Shuts Down Maltese Bank Over Schemes to Launder Money and Evade US Sanctions

ECB Shuts Down Maltese Bank Over Schemes to Launder Money and Avoid US SanctionsMalta’s Pilatus Bank has been shut down by the European Central Bank (ECB). Its banking license was revoked after its chairman was charged in the U.S. with money laundering and organizing a scheme to evade U.S. sanctions. The bank had also been accused by a murdered journalist of processing corrupt payments. EU authorities now want new […]

The post ECB Shuts Down Maltese Bank Over Schemes to Launder Money and Evade US Sanctions appeared first on Bitcoin News.

India’s Zebpay Shuts Down Exchange Activities

India’s Zebpay Shuts Down Exchange ActivitiesOne of the largest cryptocurrency exchanges in India, Zebpay, is shutting down its exchange activities due to the crypto banking ban imposed by the country’s central bank. “At this point, we are unable to find a reasonable way to conduct the cryptocurrency exchange business,” Zebpay wrote. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, […]

The post India’s Zebpay Shuts Down Exchange Activities appeared first on Bitcoin News.

PBOC Provides Update on Its Crypto Prevention Efforts

PBOC Provides Update on Its Crypto Prevention EffortsThe People’s Bank of China (PBOC) has issued a statement detailing its efforts to stop and prevent crypto and initial coin offering activities in the country. The bank outlines measures against the widespread of overseas exchanges servicing domestic users such as blocking trading platforms and closing down 3,000 trading accounts. Also read: 160 Crypto Exchanges Seek […]

The post PBOC Provides Update on Its Crypto Prevention Efforts appeared first on Bitcoin News.

Venezuela Shuts Down Two Cryptocurrency Exchanges

Venezuela Shuts Down Two Cryptocurrency ExchangesThe government of Venezuela has taken action against two cryptocurrency exchange operators in the country. Both of them allow customers to convert between a number of cryptocurrencies and bolivars and send remittances abroad. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Operation Paper Hands The Venezuelan government’s “Operation Paper Hands” began a new phase […]

The post Venezuela Shuts Down Two Cryptocurrency Exchanges appeared first on Bitcoin News.

Another Thai Bank Shuts Down Accounts of Local Crypto Exchange

Another Thai Bank Shuts Down Accounts of Local Crypto ExchangeAnother major Thai bank is reportedly terminating transactions involving cryptocurrencies through the bank accounts of a local crypto exchange. This decision follows a similar move by another major Thai bank, Bangkok Bank, to terminate the same exchange’s bank accounts. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten Second Bank Closes Account of Crypto […]

The post Another Thai Bank Shuts Down Accounts of Local Crypto Exchange appeared first on Bitcoin News.

South Korea Considers Bitlicense-Style System for Cryptocurrency Exchanges

South Korea Considers Bitlicense-Style System for Cryptocurrency ExchangesThe South Korean government is considering introducing an approval system for cryptocurrency exchanges based on the Bitlicense model, developed by the New York State Department of Financial Services. Also read: Japan Cracks Down on Foreign ICO Agency Operating Without License Bitlicense Comes to Korea The South Korean regulators are considering introducing an approval system for cryptocurrency […]

The post South Korea Considers Bitlicense-Style System for Cryptocurrency Exchanges appeared first on Bitcoin News.