Pakistan Central Bank Bans Banks from Cryptocurrency, ICO Transactions
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Updated February 07, The latest trigger for the crypto sell-off was a speech by India's finance minister Arun Jaitley on Thursday. The government "does not consider cryptocurrencies legal tender or coin and will take all measures to eliminate use of these crypto-assets in financing illegitimate activities or as part of the payment system", Mr Jaitley told parliamentarians in New Delhi. But he also said the Indian government would explore the potentials pakistan ban cryptocurrencybitcoinlatest news blockchain, the underlying technology behind bitcoin and its rival digital currencies.
This move echoes the South Korea's announcement that it plans to ban cryptocurrency tradingand China's ban on initial coin offerings ICOs — both events caused crashes in this volatile market. However, South Korean officials later clarified that an outright ban was only one of the steps being considered. Then on Wednesday, its finance minister Kim Dong-yeon confirmed his government has pakistan ban cryptocurrencybitcoinlatest news plans to pakistan ban cryptocurrencybitcoinlatest news a crackdown as severe as China's.
Investors continued to sell their crypto- holdings as Facebook announced its ban on cryptocurrency advertising mid-week. Facebook's new policy states that advertising cannot promote financial products and services that are "frequently associated with misleading or deceptive promotional practices".
Examples provided by Facebook include "binary options, initial coin offerings, or cryptocurrency". Over the next few weeks, Facebook will be pulling advertisements which violate this "intentionally broad" prohibition.
On the other hand, digital pakistan ban cryptocurrencybitcoinlatest news consultant Adriana Belotti believes this new policy is so broad that it will affect legitimate businesses who are not out to mislead or deceive. Ms Belotti, who manages marketing campaigns for ICOs, said: First posted February 02, If you have inside knowledge of a pakistan ban cryptocurrencybitcoinlatest news in the news, contact the ABC.
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By business reporter David Chau. Bitcoin and other cryptocurrencies plunged on news of Facebook's advertising ban and India's upcoming crackdown. South Korea flags ban on cryptocurrency trading, rattles market. Bitcoin value slides as China slaps fundraising ban on booming cryptocurrencies. The price of Bitcoin and other cryptocurrencies fell sharply in the last week India is the latest country to consider a crackdown on cryptocurrencies Facebook imposed a new policy banning cryptocurrency advertising.
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Connect with ABC News. Got a news tip? Editorial Policies Read about our editorial guiding principles and the enforceable standard our journalists follow. Cemeteries' new role By Connie Agius Would you have coffee in a cemetery or take your kids to play near a family member's final resting place? Debt and deficit, or defeat Talk about fortuitous timing. Don't blame VAR The imposition of refereeing pakistan ban cryptocurrencybitcoinlatest news has created a myth of decision-making infallibility, pakistan ban cryptocurrencybitcoinlatest news up by the video assistant referee's Pakistan ban cryptocurrencybitcoinlatest news grand final glitch, writes Richard Hinds.
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