On April 22, 2021, A meeting was held by National Assembly’s policy committee South Korea. During the meeting, South Korea’s chief financial services regulator, Eun Sung-soo, mentioned that the agency has yet to receive any Virtual Asset Service Provider (VASP) applications required under a recently amended law effect later in 2021. According to South Korea’s anti-money […]
Tag: Ban
Central Bank of Turkey is to Ban The Use of Cryptocurrencies
According to a recent announcement by the Central Bank of the Republic of Turkey, the bank will ban the use of cryptocurrencies through out the country. But the bank mentioned the term, “Payments“ The announcements has been broadcasted on 16th April, 2021. It includes, crypto-assets cannot be used directly or indirectly for payments. And no […]
“Companies Must Disclose Cryptocurrency Assets” Government of India
Indian government’s cryptocurrency regulations become tighter and tighter. This time, the Ministry of corporate affairs shared a new rule including, companies that have traded or invested in cryptocurrency and digital currency are required to detail financial statements. In February 2021, the Indian government put a complete ban on using cryptocurrencies and gave a transition period […]
No More Cryptocurrencies in India. Here’s Why
Indian parliament will soon be introducing a complete ban on cryptocurrencies claimed by an anonymous source has to be a member of the senior Indian Finance Ministry. This is not a good thing for the whole cryptocurrency industry because India is the world’s 2nd largest country by popularity. According to a report by Bloomberg, while […]
