U.K. Bank NatWest Limits Daily Crypto Payments to $1,200
Customers will be limited to payments of 1,000 pounds ($1,218) per day and 5,000 pounds over a 30-day period. Original Source
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Limits
The metaverse is testing the limits of what is legally possible
It’s no secret that over the last few years, many physical events have digital iterations or have been wholly digitized into virtual reality.Recently, in Colombia, a local judge decided to hold a court hearing in the metaverse as an experiment with the technology. It was a civil case involving a traffic incident, which
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Bitcoin premium hits 60% in Nigeria as it limits ATM cash withdrawals
The price of Bitcoin (BTC) in Nigeria has skyrocketed to well above market levels amid continued efforts by the central bank to push its citizens into digitalized cash.At the time of writing, the price of 1 BTC on Nigerian crypto exchange NairaEX is currently 17.8 million Naira, equating to a
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US Federal Reserve Board Issues Policy Statement That Limits Banks’ Crypto Related Activities – Regulation Bitcoin News
The United States Federal Reserve Board said on Jan. 27 that both insured and uninsured banks will be subjected to limits on certain activities including those that are associated with crypto assets. The board’s latest action does not preclude a state member bank or prospective applicant from providing crypto-assets safekeeping
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Nigerian Central Bank Increases Cash Withdrawal Limits After Receiving ‘Feedback From Stakeholders’ – Africa Bitcoin News
Barely a month after announcing the restricting of cash withdrawals to under $50 per week, the Central Bank of Nigeria said on Dec. 21 that individuals will be able to withdraw an equivalent of $1,120 per week starting on Jan. 9, 2023. The central bank said individuals and corporate organizations
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FTX and Crypto Bust Show Capitalism’s Limits
We’re all astounded that FTX, now essentially worth nothing, was valued at $32 billion a few months ago, and that lending service Celsius Network clocked in at $3.5 billion before it went under. But we should be asking similar questions about the investments and deposits that poured into Binance, Coinbase,
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Chainlink Whale ‘Oldwhite’ Used More Than 150 Wallets to Avoid Staking Limits
Chainlink officials have claimed success in drawing broad participation in the new program, arguing that more than 3,300 “unique Community stakers staked a median amount of about 2,100 LINK.” Overall, about 7,800 addresses staked some amount of LINK tokens. Source
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Crypto Exchange Bybit to Add New Restrictions for Unverified Users, Update Withdrawal Limits – Exchanges Bitcoin News
Cryptocurrency exchange Bybit has announced upcoming changes to its know-your-customer (KYC) policy that will limit certain operations for unverified customers. The stricter requirements concern coin purchases with fiat money, NFT transactions, and withdrawal limits. Bybit to Limit Services for Traders Who Have Not Passed Identity Verification Crypto exchange Bybit will restrict
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DeFi Lender Compound Tightens Borrowing Limits After Aave Exploit Attempt
A botched exploit attempt on rival lending protocol Aave brought scrutiny to DeFi protocols’ borrow risks earlier in this month. Original Source
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Santander UK Puts Limits on Payments to Crypto Exchanges
"In recent months we've seen a large increase in U.K. customers become victims of cryptocurrency fraud," said the lender, adding, "The Financial Conduct Authority (FCA) has warned consumers about the risks of investing in crypto assets as money held in customers’ crypto wallets is unlikely to be protected by the
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