What is the UK crypto ban?

The UK’s financial regulatory authority prohibited sales, marketing and distribution of crypto-based investment products to retail consumers. The UK ban, which comes into effect today, prohibits exchange-traded notes (ETNs) that reference certain types of crypto-assets to retail consumers.

Why are cryptocurrencies banned in Turkey?

Turkey’s reason for this ban is the lack of regulation and a central authority for the coins. They consider this a risk to investors who can’t recover any losses. India’s government has yet to pass anti-crypto regulations. However, a draft bill proposing the ban on private cryptocurrencies will soon go before the Indian parliament.

What's happening with Crypto after China ban?

Several other cryptos are also watching their prices plummet alongside the China ban news. That includes Ethereum (CCC: ETH-USD) falling 37.1%, and Dogecoin (CCC: DOGE-USD) dropping 35.1% over the last 24 hours.

Will India ban crypto in financial services?

Regulations against cryptocurrencies have been freshly renewed in India as the national government has taken steps to push a crypto ban in financial services as a protective measure. Although, in these reforms, the tokens created by the government will not be affected, which shows the true intentions of the regulation.