Sentences with phrase «prohibit cryptocurrency use»

At any time a sovereign state like the United States may ban or prohibit cryptocurrency use and trading and thus render all contracts immediately worthless.

Not exact matches

The Central Bank of Iran has not prohibited the use of cryptocurrencies by law and only sought to warn people of the potential risks inherent in them, as the regulator has yet to announce its official stance.

After appreciating their business, the receiver of Cryptocurrency Warning was scolded: «While reviewing your account, we noticed that your activity involves the trading or transfer of crypto currency which is prohibited under our Acceptable Use Policy.

The company's acceptable use policy was updated on March 29th to include the following line which appears in the prohibited content section: ``... we can not allow businesses involved in any aspect of the sale, transaction, exchange, storage, marketing or production of cryptocurrencies, virtual currencies, and any digital assets related to an Initial Coin Offering, to use...

The country prohibited local companies from conducting initial coin offerings (ICOs) in September and required cryptocurrency investors to use bank accounts linked to their real names in January.

Vietnam's central bank is prohibiting the use of bitcoin and other cryptocurrencies in payments.

While Nigerian banks are prohibited from handling virtual currencies, the central bank is working on a white paper which will draft its official stance on use of cryptocurrencies as a payment method.

However a former official from the Finance Ministry of the country has insisted hard to prohibit the use of these cryptocurrencies.

While the option of banning cryptocurrency exchanges has not been fully ruled out, Hong explained in the video that South Korea's prime minister had recently indicated that prohibiting the use of cryptocurrency exchange is just one of many possibilities, and the government currently is currently not considering the most serious scenario.

Several major banks, including JP Morgan Chase, Citigroup, and Bank of America, prohibited the use of credit cards for purchasing digital currencies, while South Korea recently banned unknown cryptocurrency trading accounts.

According to the central bank, the issuance and use of Bitcoin and other cryptocurrencies for payment purposes was prohibited.

The statement was reinforced by Russia's Federal Tax Service declaring in November that the use of cryptocurrencies was in no way prohibited by Russian legislation and from the fiscal point of view was the same as foreign currency transactions.

Ray emphasized that the statement of India's Finance Minister Arun Jaitley was misinterpreted by the media which reported it as a ban on cryptocurrencies when Jaitley simply noted that the use of cryptocurrencies in illegal activities will be prohibited and restricted.

In January South Korea prohibited using anonymous accounts for cryptocurrency exchange customers to prevent digital assets from being used for money - laundering purposes.

With Danske bank not prohibiting buying the virtual currencies using credit cards, do you think at some point they will resume offering full services in the cryptocurrency market?