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Cryptocurrency Regulation Update

by Chirag Sharma
Cryptocurrency Regulation Update

Sep 24th

The People’s Bank of China said services offering trading, order matching, token issuance and derivatives for virtual currencies are strictly prohibited. Overseas cryptocurrency exchanges providing services in mainland China are also illegal, the PBOC said.

Sep 22nd

UAE Securities & Commodities Authority signs agreement with Dubai World Trade Centre Authority to support trading of crypto assets

Sep 7th

El Salvador becomes the first country to adopt Bitcoin as legal tender

Jun 29th

Mexico bans crypto at banks after billionaire promotes Bitcoin

Apr 16th

Turkey bans crypto payments,at%2007%3A41%20UTC%3A%20updates%20throughout%20the%20entire%20text.

Mar 18th

Thai central bank sets a precedent by banning Baht pegged Stablecoin

Feb 12th

Nigerian senators blast central bank for its crypto ban

Jan 6th

UK’s crypto derivatives ban starts

What do you think?

Should cryptocurrencies be...?

  1. Banned

  2. Regulated

  3. Physically asset backed

  4. Unregulated as currently