Sentences with phrase «ban on anonymous trading»

And as we reported earlier, South Korea has implemented a limited trading ban on anonymous trading accounts.

It seems that with last month's ban on anonymous trading accounts regulators now feel they have done enough.

It comes just a day after the South Korean government implemented a ban on anonymous trading accounts.

Take the example of South Korea, which has imposed a ban on anonymous trading to restrain illicit trading and money laundering.

Yeon's positive comments about Blockchain and cryptocurrencies come after a period of harsher restrictions on crypto investing and exchanges in South Korea, with the country's ban on anonymous trading of cryptocurrencies and a false scare of an overall crypto ban making the markets dip.

As reported in late December, Korean authorities first set upon enforcing a ban on anonymous trading of cryptocurrencies like bitcoin as a means to crack down on financial fraud, tax evasion and money laundering.

Amid this environment of high speculation, the South Korean government has been enacting various regulations for the crypto market, like a ban on anonymous trading that began at the end of January, or the more recent prohibition on government officials holding and trading crypto.

On Tuesday, federal regulators announced a ban on anonymous trading accounts beginning Jan. 30.

South Korea cryptocurrency exchanges are complaining of unfair treatment as the country's ban on anonymous trading begins Tuesday.

A ban on anonymous trading took effect on Jan. 30, after which cryptocurrency transactions must be conducted via accounts attached to users» identities.

Not exact matches

Bloomberg (among others) reports that exchange operators decided to close down after in - person meetings with PBOC officials, and the Wall Street Journal reports — based on anonymous sources — that the PBOC has prepared a set of «draft instructions» that would ban cryptocurrency trading altogether.

New regulations have already banned anonymous trading on domestic exchanges and barred foreigners from participating in the market.

On Dec. 28, the South Korean government announced its plans to ban the use of anonymous virtual accounts for cryptocurrency trading in an effort to «curb virtual currency speculation», local news agency Yonhap reported.

The new regulations banning anonymous accounts should make it harder for the North to turn a profit on cryptocurrency trading.

Hacked reported earlier that central authorities were looking to shut down anonymous trading on domestic exchanges, not ban cryptocurrencies entirely.

Since last week, a wave of controversy has arisen in South Korea over the government's attempts to more strictly regulate crypto markets, like the banning of the use of anonymous virtual accounts connected to crypto exchanges, forbidding underage citizens and foreigners to invest in crypto markets, and falsey announcing a total blanket ban on cryptocurrency trading.

South Korean policymakers have taken some measures, such as banning cryptocurrency trading from anonymous accounts and they also plan to implement a tax on the digital assets.

As reported earlier in January, South Korea moved to enforce its ban on anonymous bank accounts used in cryptocurrency trading on January 30.

Various options remain on the table after Korea enacted an anonymous trading ban Jan. 30, including a licensing scheme for exchanges similar to those in New York and Japan.

The vice chairman of the Financial Services Commission, Kim Yong - beom announced several measures that would «ban anonymous trading on domestic exchanges, while foreigners and minors would be completely banned from trading through cryptocurrency accounts.

Having banned ICOs back in September 2017, the government is now cracking down on anonymous Bitcoin trading in the country.

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.

Bloomberg (among others) reports that exchange operators decided to close down after in - person meetings with PBOC officials, and the Wall Street Journal reports — based on anonymous sources — that the PBOC has prepared a set of «draft instructions» that would ban cryptocurrency trading altogether.

Korea's financial regulator announced on Tuesday that the government will support «normal transactions, The Korea Herald reports, some three weeks after it banned trading via anonymous accounts.

South Korea, which is well known for the high public use of cryptocurrencies, also implemented a crypto ban of anonymous trading on cryptocurrency exchanges this year.

The D - day is finally here and as earlier said, South Korea has finally implemented a ban on anonymous cryptocurrency trading from today onwards.

By banning anonymous trading, regulators hope to put a cap on speculation in a market that has ballooned significantly in just over a year.

The South Korean Financial Services Commission (FSC) has issued swift bans on new trading accounts on domestic exchanges, and has barred anyone from opening anonymous trading accounts.

From blanket bans to restrictions on anonymous trading, legislators are putting the cryptocurrency market under stricter scrutiny than in times past.

Korean officials rounded off the month of January by announcing on January 23, 2018, that anonymous accounts would be banned from trading cryptocurrencies as of January 30, 2018.

South Korea's financial watchdog has set a deadline for the ban on anonymous cryptocurrency trading accounts within the country.

As of February, South Korea has mandated a ban on anonymous cryptocurrency trading, a scheme which was rushed through at the end of January and continues to cause bureaucratic difficulties of its own as the ecosystem struggles to cope.