1.Lloyds Bank bans customers from buying bitcoins using credit cards
Lloyds yesterday told its nine million credit card users it will block any future bids to buy the digital currency
The banking giant, which includes Halifax, MBNA, and Bank of Scotland, is thought to be the first in the UK to ban credit card customers from borrowing to buy the cryptocurrency, which has more than halved in value in recent months.
Lloyds bosses now fear they could end up footing the bill for unpaid debt should the price fall any further. So credit card customers of Lloyds, which includes Halifax, Bank of Scotland and MBNA, are now blocked from buying the cryptocurrency online.
2.News from Chain Full Ban of Cryptocurrency Exchanges
Chinese authorities have decided to block internet access to overseas cryptocurrency exchanges, effectively cutting them off from the market in China like Google or Facebook. This comes after regulators determined that all their previous attempts to stop local investors from taking part in bitcoin trading and Initial Coin Offerings (ICOs) have failed in their mission so far.
3.Indian Strict On Bitcoin But They Love BlockChain
Indian finance minister Arun Jaitley has promised a crackdown on the use of cryptocurrencies such as bitcoin for illicit purposes, stressing that the government does not consider them to be legal tender."The government does not consider cryptocurrencies as legal tender or coin, and will take all measures to eliminate the use of these crypto assets in financing illegitimate activities," Mr Jaitley said during today's budget speech, as the government outlined measures to revive the country's flagging growth rate.
Bitcoin prices on Indian exchanges have been consistently higher than those prevailing internationally. This premium is due largely to India's capital control system, which makes it difficult for Indians to buy bitcoins abroad, and for foreigners to take advantage of the high Indian prices, according to Sathvik Vishwanath, founder of Indian bitcoin platform Unocoin.
4.Facebook bans the All Bitcoin Ads And Ico Ads
Facebook has banned ads that promote bitcoin and other cryptocurrencies in an effort to protect its users from “financial products and services frequently associated with misleading or deceptive promotional practices."
We want people to continue to discover and learn about new products and services through Facebook ads without fear of scams or deception,” Robert Leathern, a Facebook product management director, said in a company blog post. “That said, there are many companies who are advertising binary options, ICOs and cryptocurrencies that are not currently operating in good faith.”Concerns that Facebook is banning ads and major crypto exchanges shutting down have really silenced the hype and some people are probably having second thoughts about investing their hard-earned cash into digital currencies.”
5.New cryptocurrency rules just came into effect in South Korea
South Korean regulatory plans to tackle cryptocurrency speculation spooked investors earlier this month. But as the new rules take effect on Tuesday, participants in the market are sounding a positive note. South Korea's Financial Services Commission on Tuesday confirmed to CNBC that new measures outlined by the body earlier this month had been implemented, but a spokesperson said in an email that it was still too early to discuss any effects of those rules.In a document published on Jan. 23, the regulator said it would only allow trade in cryptocurrencies from real-name bank accounts beginning Jan. 30. Those rules enabled banks to comply with their KYC AML (know your customer, anti-money laundering) obligations, the document said.
Current Price Of Bitcoin is 6262$ as Writing this Blog
