Sentences with phrase «ban trading of bitcoin»

Is «any action... being considered to ban the trading of bitcoin currency or cryptocurrency...?»

This time Mr. Shanmugaratnam was asked if the government was considering any action to ban the trading of bitcoin and what measures would be taken to protect consumers against losses from investing in unregulated currency.

It is too early to say if they will succeed», he said answering questions from lawmakers about the possibility to ban the trading of bitcoin and its alternatives.

China plans to ban trading of bitcoin and other virtual currencies on domestic exchanges, dealing another blow to the $ 150 billion cryptocurrency market after the country outlawed initial coin offerings last week.

Malaysia's second finance minister has said the government will not ban the trading of bitcoin and other cryptocurrencies, though it will remain cautious on the technology.

Bitcoin price took a huge fall on Friday after Caixin, a Chinese financial magazine, reported that Chinese Central Bank officials are working on rules to ban the trading of Bitcoin and all other cryptocurrencies on Chinese exchanges.

Not exact matches

From a halt to virtual currency trading on domestic exchanges to banning initial coin offerings, regulators have taken a proactive role in shaping the stratospheric rise of Bitcoin and its peers.

Crypto crackdown China, home to the world's biggest community of Bitcoin miners, is cracking down on cryptocurrency activity, haling trade of virtual currencies on domestic exchanges and banning initial currency offerings.

China cracked down on cryptocurrencies in September 2017, with authorities banning bitcoin trading and initial coin offerings after the People's Bank of China said such activities could pose major financial risks to the world's second - largest economy.

It's only a matter of time before China lifts its ban on cryptocurrency exchanges, according to the entrepreneur behind what was once China's longest - running bitcoin trading operations.

Worried over risks of speculative trading, in September South Korea banned initial coin offerings, or raising money through bitcoin or other virtual currencies.

Earlier in 2018, the price of bitcoin fell overnight, following reports that South Korea had decided to ban cryptocurrency trading.

photo steemit.com Event Tuesday: Coinbase helps users with tax payments; South Korea will for the lifting of the ban ICO; In Thailand there is a law on supervision of trade kryptowalutami; the European Central Bank appreciates Bitcoin, but chooses the old road; the Japanese electricity supplier will use Blockchain; Little changes on the stock exchanges.

Stranger things have happened in a week when Goldman Sachs officially launched its bitcoin trading desk and South Korea is pushing to legalize initial coin offerings instead of banning them.

The confidence in Bitcoin may break as a result of unexpected changes such as: unfavorable legal regulations, banning electronic legal tenders, introducing the prohibition on trading in virtual currency in specific areas, imposing high taxes, creating competitive alternative currencies, deflation, and other factors which may significantly affect the shaping of the exchange rate of Bitcoin against other currencies.

Reports that Iran developed its own blockchain - based cryptocurrency also garnered some attention, as the news came just days after the country's central bank banned bitcoin trading amid escalating concerns on money - laundering and volatility of such digital coins.

Neil Wilson, a senior analyst at ETX Capital, said in an email on Tuesday morning: «Bitcoin faces a regulatory crunch sooner or later and increasingly we see signs of this starting to bite following South Korea's tentative plans to ban trading on cryptocurrencies and China's move to shutter mines.

This ban is a little bit surprising as Jack Dorsey, the CEO of Twitter, is also the CEO of Square, which has recently added Bitcoin trading to its platform.

Some feel it was perhaps heavy handed with ICO's being banned, bank accounts being frozen, bitcoin miners being kicked out and nationwide banning on the internet of cryptocurrency trading related sites.

A ban of this nature would be significant because, at a particular stage in 2017, they made up over one - quarter of the entire trading activity for bitcoin.

Prior to the imposition of a nationwide ban on Chinese exchanges, the Chinese bitcoin exchange market accounted for around 10 to 13 percent of global bitcoin trades.

«It's impossible to ban bitcoin and cryptocurrency trading because the more you regulate, the more it will become popular,» Francesco Nazari Fusetti, co-founder and chief executive officer of blockchain technology company Aidcoin said, as quoted by the Express.

The price of bitcoin and other cryptocurrencies dropped significantly today off the back of «news» that South Korea's government might ban trading exchanges.

There's also been plenty of speculation around Korea's plans to regulate crypto, although the government has since clarified it doesn't plan an all - out ban on bitcoin and crypto trading.

Banning cryptocurrencies like Bitcoin is unfeasible, but the Dutch government wants to regulate the trade in cryptocurrency internationally to address the improper use of these digital coins, Minister Wopke Hoekstra of Finance wrote in a letter to parliament, NU.nl reports.

Other than implicating a ban on Bitcoin cash trading it also gained negative publicity with its announcement of not allowing customers holding Bitcoin to transfer the same into equivalent amount of Bitcoin Cash following the splitting of Bitcoin on August 1 2017.

Broker - based OTC trades are typically high - volume in nature, so the effect of the rumored ban would be to shut out regular Chinese bitcoin users, by making it impossible for them to buy or sell the virtual currency.

German Gref, the former Russian Minister of Economy and Trade and currently President of Sberbank, the largest bank in Russia and Eastern Europe, stated that bitcoins should not be banned.

Prior to the ban on ICOs and bitcoin brokers, Chinese investors were responsible for a quarter of all BTC trades.

The ban will keep the firm's nearly 17,000 financial advisers from suggesting Bitcoin - related investments and advises against client requests to invest and trade in the cryptocurrency, which has a history of fluctuating wildly despite producing massive gains over the past year.

Banning of ICO and restricting Bitcoin trading in China shocked investors around the globe.

Following false fears of a Bitcoin ban in India, the FUD storm continues as China looks to completely eradicate cryptocurrency trading — but can they succeed?

Right after returning to the $ 1000 mark on the first day of the year, China cracked down on multiple bitcoin exchanges; margin trading was banned, which caused the price to plummet back down to 70 %.

Possibly hinting at tighter rules, the head of the ISA, Shmuel Hauser, said the regulator will seek to ban any company that has major involvement in bitcoin trading from listing on the Tel Aviv Stock Exchange (TASE).

Otitoju agrees, adding that while Bitcoin could well be the future of open, unregulated trade, it still has its share of controversies: «It's had a bit of a shaky start, with Silk Road, the volatile trading of the past few months, and the Chinese government banning the official trading of Bitcoin there.»

The perspective is increasingly rare; South Korea is in the midst of a U-turn on its proposed crypto trading ban after it was described as «ridiculing» the population, while in the US, JP Morgan CEO Jamie Dimon publicly admitted regretting calling Bitcoin a «fraud» last year.

Within a week since the announcement of PBoC was released, state - owned financial news publication Caixin reported that PBoC has been planning to ban all of the local bitcoin exchanges and trading platforms.

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.

According to Reuters, the head of the Israel Securities Authority (ISA) Shmuel Hauser said in a business conference on Dec. 26 that a proposal will be presented to the ISA board next week, which seeks to ban any company that has a major involvement in bitcoin trading from the Tel Aviv Stock Exchange (TASE).

The chairman of the Israel Securities Authority (ISA), Shmuel Hauser, has announced that he would propose to the ISA board next week to ban companies based on any cryptocurrency, including Bitcoin, from trading on the Tel Aviv Stock Exchange (TASE).

With weekly help from News.Bitcoin.com «s Kai Sedgwick, the current round of news he labeled good, bad, and bizzare, noting Facebook's crypto ad ban and whether that's a positive; Square's continued love for bitcoin; more South Korea news; the entrance of Samsung into the ecosystem; Tether's troubles; initial coin offering scams; El Petro's white paper from Venezuela's executive; and the Japanese app Line's launching of crypto trading.

SHANGHAI / BEIJING (Reuters)- China's largest bitcoin exchanges are awaiting clarification from the government following more media reports that Beijing is planning to ban trading of virtual currencies on domestic exchanges, but markets were largely subdued on Monday.

Update: It's possible that South Korea's government may not impose a blanket ban on Bitcoin trading in the country, but only seek to regulate activity and clamp down on unlicensed exchanges, according to Ran Neuner, host of CNBC's Cryptotrader show.

However directives issued by Chinese government to ban bitcoin trading and ICO dealings with an aim to safeguard investors from its volatility and unregulated functioning left crypto aficionados worldwide heartbroken and the price of Bitcoin getting derailed from its growth path for sombitcoin trading and ICO dealings with an aim to safeguard investors from its volatility and unregulated functioning left crypto aficionados worldwide heartbroken and the price of Bitcoin getting derailed from its growth path for somBitcoin getting derailed from its growth path for some time.

However, Chinese authorities have not banned bitcoin trading itself or blocked access to foreign websites, including those run out of Singapore and Hong Kong.

Sept. 22, The Paper news agency reported that the Chinese regulators not only banned the exchange between Bitcoin and other cryptocurrencies and the Chinese Yuan, but they also called for all trading of cryptocurrency to any fiat currency to end.

Several of the country's largest bitcoin trading exchanges announced that they would be closing by the end of this month following legislation from the Chinese government banning digital currencies as well as initial coin offerings.

A package of regulatory announcements from Korea's Financial Services Commission this week served to ban Bitcoin futures trading, something which Japan conversely has said it will launch «as soon as possible» once relevant amendments are made to securities laws.

Second, in areas where trading Bitcoin is banned, Bitcoin futures allow investors to still speculate on the price of Bitcoin.

Prior to the nationwide ban on Chinese exchanges, the mainland market accounted for 10 - 13 % of global bitcoin trades.