Sentences with phrase «ban on cryptocurrency transactions»

JPMorgan Chase and Bank of America have both placed a ban on cryptocurrency transactions via credit cards, according to Bloomberg reports.

Not exact matches

Is it possible we could see banks reverse course on their previous call to ban credit card transactions for cryptocurrencies?

«A blanket ban on the use of cryptocurrencies is not a very feasible solution as drug smuggling is a big problem, and in most cases, these transactions have nothing to do with use of cryptocurrencies.»

Specifically, the ban was meant to target the use of cryptocurrencies on domestic transactions.

A ban on anonymous trading took effect on Jan. 30, after which cryptocurrency transactions must be conducted via accounts attached to users» identities.

Russia's Finance Ministry said on Thursday it was working on legislation to regulate cryptocurrency transactions without fully banning them or legalising digital FX as a means of payment in Russia.

According to unnamed sources cited by Bloomberg, the ban on exchange - based cryptocurrency trades will not extend to over-the-counter (OTC) transactions.

On Monday, a South Korean top financial regulator announced that the South Korean Ministry of Justice is considering banning all types of cryptocurrency transactions in the country to protect people against scams, even though an estimated 1 million South Koreans own bitcoin.

President Donald Trump's administration issued an executive order on Monday that essentially bans «any transactions within the United States involving any digital currency issued by, for, or on behalf of the Government of Venezuela,» effectively making it illegal to purchase or use the oil - backed Petro cryptocurrency...

However one thing has been made certain and that is the upcoming ban shall not have a big impact on those individuals who wish to infuse the cryptocurrency mode into their transactions.

Bank of America is said to be launching its ban on Feb. 2, when transactions with known cryptocurrency exchanges will begin to be declined.

Bank of America is said to be launching its ban on Feb. 2, when transactions with known cryptocurrency exchanges are expected to be declined.

Following news of the impending ban, South Korean banks issuing new accounts for cryptocurrency transactions on the day of the ban.