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: Regulatory
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 […]
No More Crypto Exchanges Servicing Banks in Nigeria
Nigeria’s commercial banks are prohibited from providing account services to cryptocurrency exchanges. Nigeria’s central bank had taken this decision while cryptocurrency adoption growth increasing in Nigeria. The Central Bank of Nigeria has issued a circular which contains the prohibition and mentioning the previous warnings from the bank about risks that can be occurred with digital […]
