RBI Restricts Banks From Doing Business With Crypto Related Services

This Thursday, The Reserve Bank of India (RBI) announced that all banks and financial institutions under its supervision would be barred from dealing with cryptocurrency exchanges and other related services. According to the official statement made by RBI, “It has been decided that, with immediate effect, entities regulated by RBI shall not deal with or…

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MailChimp to Ban Cryptocurrency Ads

MailChimp, one of the leading email automation service provider, has just updated their terms of services, banning the promotion of ICOs and cryptocurrencies through its service. The updated policy states that the company “[will not allow] businesses involved in any aspect of the sale, transaction, exchange, storage, marketing or production of cryptocurrencies, virtual currencies, and…

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Aussie Lender Bans Crypto Purchases with Credit Cards

With no regulation surrounding virtual and cryptocurrencies, it is common for banks to ban usage of credit cards to procure them. Commonwealth Bank of Australia(CAB) today released a statement stating that it is banning the use of credit cards for purchasing crypto-currencies such as bitcoin using credit cards. This comes as no surprise to many who…

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