Facebook eases restrictions on cryptocurrency ads and related content

Facebook Inc on Tuesday decided to allow certain ads promoting cryptocurrency and related content from pre-approved advertisers, but would continue its ban on those tied to binary options and initial coin offerings. Facebook had in January banned ads that promote financial products and services that are frequently associated with misleading or deceptive promotional practices. “We… Read More Facebook eases restrictions on cryptocurrency ads and related content

U.S. launches investigation into bitcoin price manipulation

​The U.S. Department of Justice has launched a criminal probe into whether traders are manipulating the price of bitcoin and other digital currencies, Bloomberg reported on Thursday. The investigation concerns illegal practices that can influence prices such as spoofing, or flooding the market with fake orders to trick other traders, Bloomberg said, citing four people… Read More U.S. launches investigation into bitcoin price manipulation

Iranian central bank bans all cryptocurrencies transactions

Iran’s central bank has banned the country’s banks from dealing in cryptocurrencies, including Bitcoin, over money-laundering concerns, the state news agency IRNA reported on Sunday as the country tries to halt a currency crisis. “Banks and credit institutions and currency exchanges should avoid any sale or purchase of these currencies or taking any action to… Read More Iranian central bank bans all cryptocurrencies transactions

Twitter bans cryptocurrency advertising in bid to curb cyber fraud

​Twitter Inc will start banning cryptocurrency advertising from Tuesday, joining Facebook and Google in a clampdown that seeks to avoid giving publicity to potential fraud or large investor losses. The prohibition will cover advertising of initial coin offerings (ICOs), crowdfunding used to raise cash by creating new coins, as well as token sales, the San… Read More Twitter bans cryptocurrency advertising in bid to curb cyber fraud

Google set to ban ads on crytocurrencies, related products

Alphabet Inc’s Google said on Wednesday it will ban advertisements for cryptocurrencies and related content starting in June. Under the new policy, the company will ban ads for unregulated or speculative financial products like binary options, cryptocurrency and financial spread betting among others. In a separate blog post, Google said it took down 3.2 billion… Read More Google set to ban ads on crytocurrencies, related products

Japan sanctions seven cryptocurrency exchanges for lack of strong cyber security

​Japan punished seven cryptocurrency exchanges, ordering two of them to suspend business, in an effort to shore up consumer protection after a $530 million theft of digital money from Tokyo-based Coincheck Inc. earlier this year. The Financial Services Agency (FSA) criticized the exchanges for lacking the proper internal control systems, and ordered them to make… Read More Japan sanctions seven cryptocurrency exchanges for lack of strong cyber security

Central Bank of Nigeria cautions citizens on cryptocurrency investments

The Central Bank of Nigeria (CBN) has again cautioned Nigerians to be wary of investments in crypto currency as they are virtual currencies that are not legal tender in Nigeria. Acting Director, Corporate Communications, Isaac Okoroafor, gave the warning in a statement on Wednesday. He noted that crypto currencies such as Bitcoin, Ripples, Monero, Litecoin,… Read More Central Bank of Nigeria cautions citizens on cryptocurrency investments