Sentences with phrase «authority over the cryptocurrency»

This signals that, as of now, the court endorses the CFTC's regulatory authority over cryptocurrencies and their kind.

It has the authority over the cryptocurrency space in Germany due to a current lack of specific legislations.

Market regulators have voiced concerns about the lack of a centralised authority over the cryptocurrency, which makes it difficult to control or monitor transactions.

Not exact matches

Currently, no federal regulator has direct authority over the cadre of exchanges that trade cryptocurrencies in the spot market.

BTCChina said its decision was based on a Sept. 4 directive from Chinese authorities that expressed concern over investment risks involved in cryptocurrencies and ordered a ban on so - called initial coin offerings, or ICOs — the practice of creating and selling digital currencies or tokens to investors to finance start - up projects.

Last month, India's income tax authorities said they sent notices to tens of thousands of people dealing in cryptocurrency such as Bitcoin after a nationwide survey revealed transactions of more than $ 3.5 billion over a 17 - month period.

BTCChina said its decision was based on a Sept. 4 directive from Chinese authorities that expressed concern over investment risks involved in cryptocurrencies and ordered a ban on so - called initial coin offerings, or ICOs — the practice of creating and selling digital currencies or tokens to investors to finance start - up projects.

The price of bitcoin dipped below $ 3,000 in early trading Friday, shedding some $ 2,000 over the course of two weeks as Chinese authorities began cracking down on cryptocurrencies and J.P. Morgan CEO Jamie Dimon dubbed bitcoin a «fraud,» arguing that it was a matter of time before world governments began taking action against digital coins.

The FSC believes that the cut in the regulations on cryptocurrencies by the authorities may lead to more jobs as well as lower service charges, giving examples of fintech business improvements like offering customers the opportunity to buy investments over video chat and using crowdfunding for small businesses.

In December last year, India's income tax authorities had sent notices to thousands of people dealing in cryptocurrency such as Bitcoin after nationwide raids revealed transactions of more than $ 3.5 billion over a 17 - month period.

The plan is also in line with China's positive public stance on blockchain adoption, even though authorities have clamped down cryptocurrency - related investment activities including initial coin offerings and trading over the last year.

As Indian authorities continue to be perfectly ambiguous over guidelines or regulations for cryptocurrency adopters and the industry respectively — bitcoin and cryptocurrencies are neither legal nor illegal, nor regulated in India — the country's official taxation department is perfectly clear on its foray to collect taxes from individuals in the country.

The actions of governments and regulatory authorities in Asia have been a hot topic in the cryptocurrency space over the last few weeks.

The FSA's move comes a week after South Korean authorities opted to fine six major cryptocurrency exchanges over poor security after an investigation and white hat hack demonstrated similar lapses.

South Korean authorities on Wednesday indicted over two dozen people associated with a cryptocurrency operation for their involvement in a multimillion dollar scam.

Mid-December, South Korean authorities indicted over two dozen people over a multimillion - dollar scam associated with a cryptocurrency mining operation.

Most analysts attribute the recent fall of bitcoin to news from South Korea and China, where the authorities intend to tighten control over the cryptocurrency market.

For a while, due to Bitcoin's explosive growth, French authorities have been mulling over how to regulate the cryptocurrency.

Spanish tax authorities have sent requests for information on cryptocurrency investors to over 60 companies, a source at the country's tax agency confirmed...

Attempting to launder too many tokens at one time will not only place too much downward pressure on the NEM price but could also trigger red flags at cryptocurrency exchanges, who would then most likely freeze the funds and turn them over to authorities.

Texas authorities are increasing their regulatory scrutiny over activities related to cryptocurrency.

Six of South Korea's biggest banks are under surveillance by authorities this week as pressure mounts over cryptocurrency exchange services.

Although cryptocurrencies are legal tender in Japan, Coincheck is not registered with the country's Financial Service Authority, raising concerns over whether the lost funds will be insured if the tokens can not be retrieved.

«In order to make the exchanges more secure, cryptocurrency has been handed over to the authority of the FSA,» explains the Coincheck blog this past June.