Sentences with phrase «ban trading of cryptocurrencies»

Speaking to reporters at a financial crime conference in Kuala Lumpur, the governor of Bank Negara Malaysia (BNM) said it will decide «before the end of the year» whether to ban the trading of cryptocurrencies under its mandate as a domestic financial regulator.

South Korea is planning to ban the trading of cryptocurrencies like bitcoin through the country's financial exchanges, in a move which could further destabilize the already volatile currency.

After banning initial coin offerings last week, China is expected to ban trading of cryptocurrencies on domestic exchanges.

Just a month ago, the central bank indicated it make a decision on whether to ban the trading of cryptocurrencies «before the end of the year.»

South Korea's government announced that it may still go on to ban the trading of cryptocurrencies on exchanges, following apparently conflicting reports on the matter days earlier.

Previously, there were reports that South Korea would introduce a bill that would ban the trading of cryptocurrency.

South Korea might pass a new law that bans the trading of cryptocurrencies.

South Korea might pass a new law that bans the trading of cryptocurrencies.

Not exact matches

Ethereum and Ripple were both down heavily after reports South Korea and China could ban cryptocurrency trading, sparking worries of a wider regulatory crackdown.

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.

The move marked a recovery following downward pressure across most major cryptocurrencies Thursday after reports of South Korea preparing a bill to ban cryptocurrency trading.

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.

The Monetary Authority of Singapore, which is the country's central bank, has no plans to ban cryptocurrency trading at the moment, though MAS does intend to eventually regulate digital asset exchanges and other entities to ensure AML / CFT compliance.

In China, over the last several months, regulators shut down vast swathes of the cryptocurrency world, banning token offerings (ICOs) and demanding that trading on cryptocurrency exchanges cease.

He also pledged that Chinese authorities would continue to apply pressure to the trade of digital assets, which was significantly ratcheted up last year with bans on token offerings, colloquially known as ICOs, and on cryptocurrency exchanges, which had to either cease or dramatically reconfigure their operations, or move abroad.

Banks in Chile have closed the accounts for three of the country's cryptocurrency trading platforms, sparking fears of an outright blanket ban in South America's wealthiest nation.

Although the extent and the actual weight of the Chinese cryptocurrency trade ban are still questionable, the major coins outright crashed this week, accelerating the projected deep correction.

The issuance of new cryptocurrencies, which were banned in South Korea six months ago, has returned to the country via overseas listings for local trading.

Of course, it's important to remember that Chinese officials recently banned token offerings and the nation's cryptocurrency exchanges ceased trading just a few days ago.

In one of its Financial Services Policy updates, Google has decided to ban advertisements promoting cryptocurrencies and the related content which includes initial coin offerings (ICOs), cryptocurrency exchanges, cryptocurrency wallets, and cryptocurrency trading advice, starting from June this year.

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.

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.

South Korea's government has confirmed it has «no intention» of banning or «suppressing» cryptocurrency trading in fresh comments on the industry.

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

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.

Financial services group Nordea, which banned its employees from engaging in off - the - clock cryptocurrency trading earlier this year, said at the time that financial institutions often «restrict the personal account dealing of staff to prevent them taking positions in speculative investments, or which might expose them to a risk of financial loss and therefore impact their financial standing.»

The national ban on gambling may also partly explain the grip of cryptocurrency trading fever.

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.

The latest sign that China's regulators are actively scrutinizing cryptocurrency exchanges, the report further explained that the execution plan came into effect in September last year when People's Bank of China (PBoC) put out its ban on initial coin offerings (ICO) and ordered closure of fiat - to - crypto trading.

The decline is being largely attributed to fears of cryptocurrency trading ban at South Korean exchanges — a possibility that is looking less certain after new statements from the government.

Threats of a potential cryptocurrency trading ban in South Korea have scared many investors away, but some veterans of the young market are defiant, saying restrictions would be relatively easy to circumvent.

The country has banned anonymous trading accounts, the use of cryptocurrency exchanges abroad, and domestic ICOs.

China has taken a series of steps against digital currency trading, adding both foreign and domestic digital asset trading platforms to its Great Firewall, banning initial coin offerings (ICO) and cryptocurrency - related websites, as well as freezing numerous accounts of cryptocurrency exchanges.

Prices of cryptocurrencies climbed overnight during the Asian trading session, despite looming news reports out of China that virtual currency trading might be banned in the world's second - largest economy.

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.

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.

China, which at one time controlled nearly 80 percent of the world's cryptocurrency trading volume, placed a blanket ban on exchanges and Initial coin offerings.

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.

Parliament members Saktiandi Supaat, Lim Biow Chuan and Cheng Li Hui raised questions to the PM as to whether the government is reconsidering the drafting of a regulatory framework and the possibility of banning cryptocurrency trading in Singapore.

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.

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

Since governor Nam's statement was released, the South Korean government has officially denied the implementation of a cryptocurrency trading ban proposal introduced by the Ministry of Justice.

A law to ban the use or trade of cryptocurrencies in India has to come from either the elected governments (whether central or state) or the judiciary (Supreme Court of India or the State High Courts).

The Reserve Bank of India, the country's central bank, has all but banned cryptocurrency trading nationwide, with the release of its first monetary policy for the financial year.

The fall of cryptocurrencies has been largely triggered by efforts of China and South Korea to curb the cryptocurrency trading, as well as regulatory moves of major world banks, including Bank of America, JP Morgan, and Lloyds Banking Group, to ban cryptocurrency transactions.

Threats of a potential cryptocurrency trading ban in South Korea have scared many investors away, but some veterans of the young market are defiant, saying restrictions would be relatively easy to circumvent.

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