Sentences with phrase «ban on cryptocurrency trading»

That's very different from a blanket ban on cryptocurrency trading.

Liquidity has also become an issue for Chinese miners, as the Chinese government imposed a nationwide ban on cryptocurrency trading in October.

Exchanges enjoyed a lively and competitive market for most of last year, before the South Korean government began threatening restrictions and even an outright ban on cryptocurrency trading beginning in December.

Last week, CCN also reported that Huobi, formerly the largest cryptocurrency exchange in China prior to the imposition of a nationwide ban on cryptocurrency trading by the government, announced its expansion to Japan and South Korea through a partnership with SBI Holdings, one of the largest banks in Japan.

South Korea's presidential office has released the statement saying they have yet not finalized on the reports about a possible ban on cryptocurrency trading exchanges.

Stricter regulations for South Korea's cryptocurrency trading industry were announced Sunday, Jan. 14, amidst continued confusion in mainstream media about a proposed ban on cryptocurrency trading by the country's Justice Minister last week.

A press official at the justice ministry said the proposed ban on cryptocurrency trading was announced after «enough discussion» with other government agencies, including the nation's finance ministry and financial regulators.

Seoul is prepared to do much more to curb market volatility, including issuing an all - out ban on cryptocurrency trading, according to a top government official.

Investors and exchanges in South Korea were bracing themselves for what was understood as a potential government - issued ban on cryptocurrency trading; but conflicting reports from different parts of the government are now surfacing, leaving the global community rocking on its heels.

About a month ago, in September, the government of China as well as the People's Bank of China and a few government authoritative bodies, decided to put a nationwide ban on all cryptocurrency trading platforms.

South Korea preparing ban on cryptocurrency trading Cryptocurrencies ranging from bitcoin to ethereum and ripple were all down during the Asian trading session on Thursday, as...

This move toward higher valuations came to screeching halt as rumors began swirling that a potential South Korean ban on cryptocurrency trading was going to be imposed by the South Korean government.

As a result, an official ban on cryptocurrency trading in China would dramatically reduce the short - run Ethereum price forecast.

While this can't be called a middle - of - the - road approach to cryptocurrencies, it does seem like Putin will stop short of a China - style ban on cryptocurrency trading.

Rumors of following China's lead in shuttering cryptocurrency exchanges after the turn of the year were put to bed after the South Korean government — after a significant public backlash — confirmed there was no intention to issue a sweeping ban on cryptocurrency trading.

Evidently, bitcoin has survived through the abrupt ban on cryptocurrency trading by the Chinese government, achieving new all - time highs and breaking through the $ 7,000 region.

At that point, it appeared bitcoin (BTC) had found a bottom, but the ascent was cut short at $ 14,942 and prices fell further to $ 12,845 at 04:29 UTC — very likely on fears South Korea may soon announce an outright ban on cryptocurrency trading at exchanges.

China is not the only country to have imposed regulatory bans on cryptocurrency trading.

In other news, with the election of Yi Gang as the head of People's Bank of China (PBoC), the country's central bank, some market experts believe that the Chinese ban on cryptocurrency trading might be overturned.

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.

The current regulatory climate for cryptocurrencies and adopters in Korea is a markedly different from widely - reported whispers — since December — of a possible ban on cryptocurrency trading in the country.

«But, the government is still divided with many opinions ranging from an outright ban on cryptocurrency trading to bringing the institutions that handle the currency into the system,» Hong said, adding that the government will thoroughly review the industry within global norms.

South Korea's finance minister Kim Dong - yeon reportedly told local radio that an all - out ban on cryptocurrency trading was a «live option, but that government officials still need to «seriously review it.»

In September, the Chinese government, People's Bank of China (PBoC), and local financial authorities imposed a nationwide ban on cryptocurrency trading platforms, shutting down some of the largest cryptocurrency trading platforms including OKCoin, Huobi, and BTCC.

On Wednesday, January 10, 2018, reports from some journalists indicated that some of South Korea's authorities were planning a ban on cryptocurrency trading in the country.

On Thursday, January 11, 2018, reports from South Korea indicated that some of the nation's authorities are planning a ban on cryptocurrency trading in the country.

Kazakhstan's National Bank likely to advise the government to impose a ban on cryptocurrency trading and mining in the nation.

And down the road it is very likely China will lift its ban on cryptocurrency trading.»

At the time, the country's justice minister publicly spoke of considering a ban on cryptocurrency trading and quickly garnered a major backlash from the public and other ministries within the government.

Both businesses and individual investors have regained confidence in the local sector, as a ban on cryptocurrency trading is highly unlikely as of now.

According to the statement, stated by the press secretary of the South Korean president, in the near term it is not planned to impose a ban on cryptocurrency trading.

The imposition of fines against cryptocurrency exchanges for poor security measures is optimistic for the South Korean cryptocurrency market in the long run, because it has shown that the government has taken the approach of regulating the market and protecting investors, rather than issuing an outright ban on cryptocurrency trading.

The following month, China's central bank revealed plans to escalate its ban on cryptocurrency trading and initial coin offerings (ICOs) by prohibiting local access to international digital currency platforms.

Meanwhile, a report from The Korea Times indicated that the Ministry of Justice has already proposed a blanket ban on cryptocurrency trading.

For example, in mid-2017, the Chinese government made headlines by issuing a ban on all cryptocurrency trading.

Sorting «Good» From «Bad» ICOs Speaking at the Southeast Asia Blockchain Summit, Yang, who is also director of the Center for Financial Technology, further «denied» a blanket ban on cryptocurrency trading and ICOs would continue indefinitely.

But, the government is still divided with many opinions ranging from an outright ban on cryptocurrency trading to bringing the institutions that handle the currency into the system.»

Although the ministry of justice was the first one to suggest a ban on cryptocurrencies trading, this was not co-ordinated with the other branches of government.

As Hacked speculated earlier, no ban on cryptocurrency trading was announced.

The bitcoin trading volume at the Chinese segment of LocalBitcoins jumped two-fold from the previous levels after news about the ban on cryptocurrency trade on par with Chinese yuan.

First, there was the tangible effect of China's ban on cryptocurrency trading.

Chinese traders switched to Japanese and other Asian exchanges after the Chinese authorities announced a ban on cryptocurrency trading on par with Remnibi and forced China - based exchanges to stop receiving deposits in Yuan and to announce trading closures 30 September.

China's central bank has revealed plans to escalate its ban on cryptocurrency trading and initial coin offerings (ICOs) by prohibiting local access to international digital currency platforms.

As analysts have long argued, a blanket ban on cryptocurrency trading is unlikely to work in a country as technologically savvy as South Korea.

Unfortunately for investors, the rally hit a wall, in part due to conflicting reports that South Korea was planning to pursue a blanket ban on cryptocurrency trading.

However, since China's ban on cryptocurrency trading, Bitcoin has increased in value from $ 5,000 to $ 11,665.

In September, the government announced a ban on cryptocurrency trading and required all exchanges in the country to stop their operations.

Consequently, the Ministry of Strategy and Finance along with other member agencies of the South Korean cryptocurrency task force stated that they do not support or agree with the Ministry of Justice and its head Park Sang - ki's decision to impose a ban on cryptocurrency trading.

Choe's remarks today further cements a striking turnaround from a ban on cryptocurrency trading first proposed by Korea's Justice Ministry.