Zimbabwe Central Bank Forbids Financial Institutions From Dealing in Cryptocurrencies

Zimbabwe’s central bank has recently forbidden financial institutions within the country from dealing in cryptocurrencies. Financial institutions have been ordered to stop serving cryptocurrency exchanges and liquidate all cryptocurrency-related accounts. The central bank official who issued the order cited the bank’s “obligation to safeguard the integrity of payment systems.” That’s a particularly ironic comment, given […]

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South Korea’s Largest Cryptocurrency Exchange Investigated for Fraud

UPbit, South Korea’s largest cryptocurrency exchange, has come under scrutiny from South Korean officials after allegations of fraud. The exchange’s head office was raided last week as part of an investigation into those allegations. The exchange is accused of selling customers cryptocurrency that it doesn’t actually hold. While the investigation is ongoing, Upbit claims that […]

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