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Category: Bitcoin Usage

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Bitcoin business are being shot down in Hong Kong as many see banks turning away their business. Despite the Monetary Authority insisting that account creation policies are unaffected by those dealing with cryptocoin’s, the South China Morning post reported many business including the Gatecoin exchange which is based in the area, are having their bank […]
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The NDIC, Nigeria Deposit Insurance corporation, has announced to civilians its stance on cryptocoin transactions. While the corporation provides the bulk of insurance services for fiat banking institutions, cryptocoin transactions will not be covered as the company warned users all risk will fall on the parties involved. The announcement was made at the 12th Abuja […]
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The Bank of Namibia has reiterated its position on digital currencies such as bitcoin and Litecoin in a paper released recently. Effectively deeming such currencies as illegal, the paper emphasized laws such as the Namibia’s Exchange Control Act of 1966 which prohibits digital currency exchanges from being established in the country. Also the paper went […]
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