Jul 16, 2018 at 09:45
News
Australian Bank: Use of Home Equity Loans to Purchase Cryptocurrencies is Finally Banned
The Australian Bank of Queensland has put a ban on all property buyers using home equity to purchase cryptocurrencies, according to Financial Review on July 12. The Bank of Queensland is so far the latest financial institution to ban credit lines from loans in making leveraged purchases or used in crypto trading. The bank provided an acceptable explanation for the ban with the significant high-risk of these type of investments, showing that even though leveraged currency trades can be more profitable, a bad taken investment decision could turn out decimating.
Jul 14, 2018 at 09:56
News
Crypto to be Treated as a Commodity in India as Lifting of Ban is Underway
India's government official has revealed that the country's Authorities are more likely to consider cryptocurrency ban and start treating them as commodities. Citing a superior government official who is more involved in the currently happening regulatory discussion in the cryptocurrency periphery, India is more unlikely to oblige a blanket ban on cryptos regardless the latest-enforced central bank authoritative command that forbids banks from offering services to the various burgeoning sector.
Jul 13, 2018 at 09:37
News
U.S President Invested in Cryptocurrencies, That's the Reason He Isn't Banning Them
Far back in October last year, a large number of anti-bitcoin strong statements were made by the Donald Trump Administration, that alluded the U.S. President could go forward to put a ban on cryptocurrencies such as Bitcoin, Ethereum before his term of office ends. As per now almost completing 2018 and still have no official word from the President concerning cryptocurrency, we should begin to question why there is no ban has been set.