Sentences with phrase «on local cryptocurrency exchanges»

, South Korea's third largest cryptocurrency exchange Korbit told its users that foreigners will no longer be able to deposit or withdraw Korean won on local cryptocurrency exchanges once a new anti-money laundering (AML) system is integrated by the end of January.

This week, as CCN previously reported, South Korea's third largest cryptocurrency exchange Korbit told its users that foreigners will no longer be able to deposit or withdraw Korean won on local cryptocurrency exchanges once a new anti-money laundering (AML) system is integrated by the end of January.

Ever since the $ 500 million hack of Japan's Coincheck cryptocurrency exchange came to light earlier this year in January, Japan's financial watchdog The Financial Services Agency (FSA) has been seen cracking down the whip on local cryptocurrency exchanges.

Throughout the past month, traders and investors in China have criticized the Chinese government's sudden crackdown on local cryptocurrency exchanges and trading activities.

Earlier this week, there were reports that South Korea would begin enforcing corporate tax legislation on local cryptocurrency exchanges from the end of March 2018, requiring local exchanges to pay up to 22 % in corporate taxes by the end of March and 2.2 % in local income tax by the end of April, on 2017 earnings.

In January, reports surfaced that the South Korean government was planning to enforce corporate tax policy on local cryptocurrency exchanges from the end of March 2018.

Typically, Nigerians have been trading on local cryptocurrency exchanges such as NairaEx and ICE3X.

The cryptocurrency markets witnessed a major correction owing to two main reasons: first is the negative statement by Wall Street's one of the most powerful men and JP Morgan boss — Jamie Dimon on Bitcoin, and other because of Chinese regulatory bodies cracking - the - whip on its local cryptocurrency exchanges.

You can exchange US dollars (USD) for ADX tokens on local cryptocurrency exchange HitBTC.

Not exact matches

South Korea's new management - minded approach is a dramatic turnaround from its energetic regulatory crackdown on cryptocurrency exchanges this past year, alarmed at a heated market that saw local prices of Bitcoin and other virtual currencies in South Korea trade for higher than international levels.

Then it called on local exchanges to stop trading in cryptocurrencies and outlined proposals to discourage bitcoin mining — the energy - intensive computing process that makes transactions with the digital currency possible.

Remarks made by Philippine banking and regulatory officials on November 21, 2017, put cryptocurrency exchanges and crowdfunding via token offerings in the local spotlight.

«Icon's listing in local exchanges is significant itself as the coin is South Korea's first platform coin,» built on code that can be used for other applications, said Park Nok - sun, a cryptocurrency analyst at NH Investment and Securities.

On April 25, 2018, cryptocurrency exchange platform «Everyone's Bitcoin» (みんなのビットコイン) published a notice (Japanese) regarding a business improvement order, which it recently received from the Kanto Local Finance Bureau (a regional department of Japan's Ministry of Finance).

South Korea's government said on Thursday it plans to ban cryptocurrency trading, sending bitcoin prices plummeting and throwing the virtual coin market into turmoil as the nation's police and tax authorities raided local exchanges on alleged tax evasion.

China's recent ban on initial coin offering (ICO), a cross-between crowdfunding and initial public offering, has forced local cryptocurrency exchanges into stricter self - scrutiny about their supervision mechanisms.

And even private trading of cryptocurrency arranged through chat - apps like Telegram and WeChat, for example, could fall under scrutiny, according to the Wall Street Journal.This much stricter stance on Bitcoin, beyond just exchanges but also concerning Bitcoin itself, seem consistent with comments from PBOC Counselor Sheng Songcheng, as reported by local news sources like Shanghai Securities News.

Hong Kong regulator the Securities and Futures Commission (SFC) said on Friday it would crackdown on cryptocurrency exchanges that operate in the Asian financial hub without a license or violate local securities laws.

Monex Group Inc, a Japan - based online broker announced on Tuesday that it was considering buying Coincheck Inc, a local cryptocurrency exchange which lost $ 530 million in a high — profile theft earlier this year.

South Korean cryptocurrency exchange Korbit has barred non-citizens from depositing local currency — the Korean won — on its platform.https: / / www.coindesk.com/korean-crypto-exchange-korbit-halting-deposits-from-non-citizens/ ...

The Russian Ministry of Finance has drafted a bill to legalize the trading of cryptocurrencies on approved exchanges, according to a report from local media.

These user can use third - party gateways for payments, like, cryptocurrencies on Peer - to - peer exchanges like Local Bitcoins, Instashift and so on.

«Pantera Capital is staunchly committed to investing in local cryptocurrency exchanges across the globe because any regional market thrives on local leadership.»

Back in September, the financial regulatory bodies in China had a major crackdown on ICOs and cryptocurrency trading by asking all the local exchanges to shut down their operations with immediate effect.

Following the major crackdown on the country's local Bitcoin exchanges in China, the global market sentiment has absolutely turned negative and a bit of panic and fear is being witnessed within the investor community.Panic selling is being witnessed in the cryptocurrency markets where Bitcoin price finally drops below $ 3000.

Other items on his agenda included having all local cryptocurrency exchanges and services register with the government and also abide by the Know - Your - Customer requirements by the end of 2019.

Important global economies like China and Russia have also been recently seen hitting hard on its local trading bodies and exchanges while putting up a curtain on cryptocurrency trading.

Today, Monday 25 September 2017, on BitcoinFundi, the local Zimbabwean cryptocurrency exchange BTC traded for as much as $ 7,200 / BTC translating to an 85 % premium based on the Coinbase price of $ 3,900.

«Various scenarios such as the imposition of a value - added tax, a capital gains tax, or both on trade; and the collection of corporate tax from local cryptocurrency exchanges, as well as the initiation of authorized exchanges with licenses are being discussed.»

Earlier this month, China issued a blanket ban on fundraising methods involving token sales, or initial coin offerings (ICOs), and local cryptocurrency exchanges have indicated they will cease domestic trading following the ban.

Despite local Korean news outlets forecasting that a «shutdown» on the cryptocurrency exchange space was «not likely» Monday,

In addition to trading the dominant cryptocoins, one of CryptoHawk's primary essence also lies in further establishing and promoting the acceptability of cryptocurrencies as a means of payment in the society across all industries and sectors; from the standard trading of cryptocurrency on exchanges to making a purchase in the local retail store using any recognized coin.

On January 31, local cryptocurrency exchanges are expected to open account registrations to new users and six major local banks are set to provide banking services to cryptocurrency exchanges.

Consequently, on January 31, it is likely that a massive amount of Korean won will flow into the local cryptocurrency exchange market.

Seoul's state intelligence agency has found evidence North Korea was behind the recent hacking of South Korean cryptocurrency exchanges, according to local media on Saturday.

Japan's Financial Services Agency (FSA) will conduct on - site inspections of 15 cryptocurrency exchanges that are currently awaiting registration in the aftermath of the Coincheck hack, the local news outlet The Japan Times wrote today, Feb. 16.

Despite sweeping concerns of a ban on domestic cryptocurrency exchanges, proposed by Korea's justice ministry, the Korean government quashed such fears today while confirming wider regulatory moves for the local cryptocurrency ecosystem.

Japanese online broker Monex Group Inc said on Tuesday it is considering buying Coincheck Inc, the local cryptocurrency exchange hit by a high - profile $ 530 million theft earlier this year.

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China is also said to be planning a ban on access to foreign cryptocurrency exchanges from within its borders, according to a Bloomberg report from earlier this week; the country has already banned local exchanges.

Currently, cryptocurrencies like bitcoin remain unregulated in the country and Sithole cautioned traders on local exchanges to be careful as the Central Bank seeks opinions of experts on the issue.

South Korean police and tax authorities also raided the 2 of the biggest local cryptocurrency exchanges on allegations of tax evasion.

On March 21, local cryptocurrency - focused media outlets reported that the NHN funded OKCoin — formerly the biggest cryptocurrency exchange in China prior to the country's cryptocurrency trading ban in 2017 — was to launch OKCoin Korea.

The company reportedly announced on Friday that it is launching a cryptocurrency exchange, according to local publications.

Chosun, one of South Korea's largest mainstream media outlets, reported that local financial authorities and law enforcement have begun to crackdown on cryptocurrency exchanges with deceptive marketing and fraudulent operations.

Following announcements from other central banks including the UK and the US, India's central bank has been applying regulatory pressures on its national banks and local cryptocurrency exchanges.

Amidst all the hullaballoo currently going on in the South Korean cryptocurrency market, a local media publication Yonhap News has recently reported that the government has arrived at a decision to collect 24.2 % of local and corporate income tax from local exchanges this year as a «measure of tax enforcement».

Operated by OKCoin, formerly the largest cryptocurrency exchange in China prior to the local government's crackdown on trading, Hong Kong - based OKEx briefly became the biggest cryptocurrency exchange internationally, as reported by Cointelegraph, overtaking Binance in March 2018.

Cryptocurrency exchanges will be now required to pay corporate and local income tax on their yearly reported earning.

Blockstream Chief Strategy Officer Samson Mow went so far to say that even if China does ban bitcoin and its local exchanges, it will not work on Bitcoin and the cryptocurrency will continue to sustain its upward trend.