BitFlyer released prepaid Visa cards

Now customers of the largest Japanese cryptoexchange will be able to prepaid Visa card with Bitcoins
08 October 2017   3229

The largest Japanese crypto exchange bitFlyer has provided users with the opportunity to use prepaid Visa cards. This is reported by Bitcoin.com.

A new option appeared thanks to the cooperation with the Vandle Card. Users will be able to replenish the card with bitcoins on the bitFlyer website or through third-party cryptowallets. Also, according to the representatives of the exchange, the first 1000 users of the new service will receive gifts. The opportunity to order a card appeared on October 6.

Holders of prepaid cards from bitFlyer will be able to pay for goods and services at any outlet that accepts Visa cards. Also, representatives of bitFlyer noted that the company will not charge fees for the issue and maintenance of the card. You can top-up the balance on the website of bitFlyer or via the mobile application. The currency of the card is displayed in Japanese yen.

As for the limits, within a month, 30,000 yen (about $ 267) can be added to the card, for the entire period of use - 1 million yen ($ 8879). In this case, the balance should not exceed 100 thousand yen. The card is valid for five years.

PBoC to Continue Anti-Crypto Propaganda

The regulator published a warning in its WeChat account called “Protection of the rights and interests of consumers of financial services”
23 March 2020   158

The People's Bank of China has returned to criticism of cryptocurrencies amid a worsening economic situation in the world.

On March 22, the regulator published a large-scale warning in its WeChat account under the heading “Protection of the rights and interests of consumers of financial services”. It describes three ways in which cryptocurrency service providers can mislead consumers.

First of all, the amount of fraud transactions with bots is serious. The average turnover rate of the top three overseas crypto currency exchanges is much higher than that of foreign licensed exchanges. Second, market manipulation exists in these exchanges where forced leveraged trading eventually causes the exchanges to explode. Third, money laundering is a big issue.

 

People's Bank of China

In addition, the Chinese Central Bank calls the opinion that Bitcoin may serve as a protective asset, erroneous. The regulator indicates its high volatility and recommends that citizens not follow the example of other investors and refuse to participate in cryptocurrency trading.