Author: Samburaj Das

China Says It Has ‘Safely’ Shuttered ICOs, Cryptocurrency Exchanges

Chinese financial authorities, including the central bank and other regulators, are ramping up their broad crackdown on illegal fundraising activities. In a news conference in Beijing on Monday, Chinese authorities said they will keep a close watch on interest rates charged by companies and financial firms in the private sector to increase their scrutiny on

The post China Says It Has ‘Safely’ Shuttered ICOs, Cryptocurrency Exchanges appeared first on CCN

Iran Central Bank Bans Domestic Banks from Cryptocurrency Dealings

Citing money laundering concerns, the Central Bank of Iran (CBI) has banned the country’s banks from offering services to crypto firms or dealing in cryptocurrencies. The CBI’s supreme committee, also in charge of curbing money laundering and fighting capital flight in Iran, has issued a circular prohibiting banks and financial institutions from transactions that enable

The post Iran Central Bank Bans Domestic Banks from Cryptocurrency Dealings appeared first on CCN