The government's ban on using anonymous accounts, effectively a mandate that exchange providers perform know - your - customer (KYC) due diligence, is seen as the latest move to curb the trading
activity around cryptocurrencies in the country.
After having shared their report findings with Twitter, the team received this response from the social media platform: «We are aware of coordinated spam
activity around cryptocurrencies and related software products.
The main difference with China and South Korea is that it has been regulating
the activities around cryptocurrencies.
Not exact matches
In a study, JP Vergne, a professor at Ivey Business School, discovered that the best indicator of the short - term price development of bitcoin and
cryptocurrencies, in general, is developer
activity around it.
We found that the best predictor of a
cryptocurrency's exchange rate is the amount of developer
activity around it.
The developments maybe prominence the continued drive to settle sidestep supports and other financial entities amidst a duration of heightened
activity in
cryptocurrency markets and growth
around the tech more broadly.
Along with the popularity of
cryptocurrencies, ICO
activities are being carried out
around the world, and many new
cryptocurrencies are added to the market.
As
cryptocurrency has become mainstream governments
around the world have taken the first steps towards
cryptocurrency regulations; Russia wants to create a robust tax regime, the UK and EU wants to force
cryptocurrency to comply with Know your Customer (KYC) and Anti Money Laundering (AML) legislation and the Trump administration has voiced concerns that «Bitcoin is being used for illicit
activity».
But, trading
activities and businesses
around the
cryptocurrencies can be regulated and so far, the Central Bank of Russia and the People's Bank of China have created a restricted and challenging environment for businesses and investors.
In a study, JP Vergne, a professor at Ivey Business School, discovered that the best indicator of the short - term price development of bitcoin and
cryptocurrencies, in general, is developer
activity around it.
Cryptocurrencies and the
activities around them have been calling the attention of several investors and individuals all over the world.
The decentralized nature of
cryptocurrencies means that the world
around it has become quite un-patrolled and at times rampant with different criminal
activities.
Subsequently, the mainstream adoption of bitcoin has drastically increased and trading
activities around leading
cryptocurrencies have grown rapidly.
The intention is to regulate illegal
activities around Bitcoin and
cryptocurrencies.
Regulators all
around the globe are in the process of creating the regulatory framework for
cryptocurrency exchanges and trading
activities — which could create additional volatility in prices and trading volume.
We believe that bitcoin and
cryptocurrency mining or
activity involving
cryptocurrency is a way for North Korea to generate funds and get
around some of the sanctions.
Facebook has bannedall adverts promoting
cryptocurrencies, including Bitcoin and initial coin offerings (ICO), in order to crack down on deceptive marketing
activity around the promotion of financial products and services.
It is clear that there should be regulations
around the
activities involving
cryptocurrencies and ICOs.