cryptoshastri.com

Tag: Banking

  • Amidst confusion, Central Bank of Iran’s Governor Reminded Crypto Trading or Investing Not Legal in Iran

    Governor of the Central Bank of Iran, Ali Salehabadi, in a statement said that the crypto trade or investment is banned and does not intend to make crypto payments legal in Iran. Except for the authorized entities and individuals can mine for any international payments. 

    Iranian companies are legally allowed to make payments for imports in cryptocurrencies. Even, the Islamic Republic of Iran has purchased goods worth $10 million using crypto currencies. 

  • Philippines’s UnionBank Adds Support For Crypto Transaction With New App

    While OTC crypto trading has been available for quite some time, Goldman Sachs, a major US bank, becomes the first bank to trade an over-the-counter crypto transaction. 

    However, the Philippines’ UnionBank, one of the largest banks, announced the launch of a crypto service for its clients. The announcement has made them the first bank to do so.

    According to the Bank, it will allow its customers to buy and sell bitcoin, ether, and other virtual digital assets. Though, the App is available to randomly selected users.