The Financial Authority of Singapore, the central financial institution of the nation, has cracked down on cryptocurrency ATMs with rules that ban cryptocurrency companies from promoting providers in public locations, web sites and social networks. In consequence, cryptocurrency ATMs needed to shut down their operations final week, in keeping with a report by Cointelegraph.
Cryptocurrency ATM operators akin to Daenerys & Co. have been reportedly shocked by the information because the nation had beforehand been comparatively pleasant to cryptocurrency operators.
Different international locations are additionally starting to crack down on cryptocurrency with Spain now requiring crypto companies to submit promoting campaigns for regulatory approval, in keeping with the report.
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