Sentences with phrase «banning cryptocurrency trading in the country»

South Korea had previously threatened to ban cryptocurrency trading in the country.

Bitcoin prices plunged as much as 13 % on Thursday after South Korean government said it was planning to ban cryptocurrency trading in the country.

India does not regard Bitcoin as legal tender, China is cracking down on digital currencies, while Korea is planning a bill that would ban all cryptocurrency trading in the country, as pointed out by The Verge.

The company has faced an uphill battle to grow since being effectively ousted from their homeland base in Shanghai, China in September due to Chinese government banning cryptocurrency trading in the country.

Conflicting reports today, Jan. 11, have led to confusion after a South Korean minister announced plans of a bill intended to ban cryptocurrency trading in the country.

Mass confusion after reports broke that South Korea is planning to ban cryptocurrency trade in the country, local reporters call fake news, say «nothing is finalized»

However, South Korea - based Cointelegraph contributor Joseph Young reported on his personal Twitter today, citing local sources, that the South Korean Ministry of Strategy and Finance does not agree with the proposal from the Ministry of Justice to ban cryptocurrency trade in the country.

Not exact matches

DUBAI, April 28 - Iran has developed an experimental local cryptocurrency, a government minister said on Saturday, days after the country's central bank banned trading in digital currencies including bitcoin.

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.

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.

DUBAI (Reuters)- Iran has developed an experimental local cryptocurrency, a government minister said on Saturday, days after the country's central bank banned trading in digital currencies including bitcoin.

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.

We assess that as South Korea responds to these attempted thefts by increasing security (and possibly banning cryptocurrency trading) they will become harder targets, forcing North Korean actors to look to exchanges and users in other countries as well.

Iran has developed an experimental local cryptocurrency, a government minister said on Saturday, days after the country's central bank banned trading in digital currencies including bitcoin.

Tighter Cryptocurrency Regulations The South Korean government was the cause of major turmoil in the global cryptocurrency market as rumors spread that they were planning to ban cryptocurrency trading acrosCryptocurrency Regulations The South Korean government was the cause of major turmoil in the global cryptocurrency market as rumors spread that they were planning to ban cryptocurrency trading acroscryptocurrency market as rumors spread that they were planning to ban cryptocurrency trading acroscryptocurrency trading across the country.

And although there was some market clamor in September when China banned initial coin offerings (ICOs) and moved to shut down crypto exchanges in the country, the market for cryptocurrency trading has diversified significantly, and as such, the markets took far less time to recover.

The vice governor of China's central bank is reportedly seeking a wider ban on services related to cryptocurrency trading in the country.

The South Korean government was the cause of major turmoil in the global cryptocurrency market as rumors spread that they were planning to ban cryptocurrency trading across the country.

The National Bank of Kazakhstan wants to ban all trading and mining of cryptocurrencies in the country.

On Monday, media reported that Chinese authorities were considering further reinforcement of its regulation framework banning both domestic and foreign cryptocurrency trading platforms in the country, several months after Beijing's crackdown on initial coin offerings (ICOs) in September.

People living in countries which ban cryptocurrency trading sites, can still use them anonymously by using a VPN.

While the Chinese government has implemented various bans around cryptocurrency trading and use in the country this year, it appears to be more open to development in Blockchain technology as a whole.

Now, trying to tame the wave of wild cryptocurrency speculation in the country, South Korea is imposing trade bans for minors and looking for ways to impose taxes on investment returns.

On March 21, local cryptocurrency - focused media outlets reported that the NHN funded OKCoin — formerly the biggest cryptocurrency exchange in China prior to the country's cryptocurrency trading ban in 2017 — was to launch OKCoin Korea.

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

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

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.

A senior official at the People's Bank of China is reportedly calling for a wider ban on services related to cryptocurrency trading in the country.

Later, South Korea's presidential office confirmed that the government has «not finalized» on any such decision about banning cryptocurrency trading activities in the country.

Over the past 48 hours, the global cryptocurrency market struggled to rebound from a major correction triggered by South Korea Ministry of Justice head Park Sang - ki's premature statement on a cryptocurrency trading ban, which was refuted by the country's Ministry of Strategy and Finance, and the Blue House, the executive office of President Moon Jae - in.

For instance, South Korean authorities announced upcoming rules yesterday to ban anonymous cryptocurrency trading in the country, now among the largest crypto - trading markets in the world.

Recently, the news of a South Korea cryptocurrency trading ban, which was ultimately refuted by the country's government and the Blue House, the executive office of President Moon Jae - in, caused markets to rapidly decline.

However, in the past 24 hours, the price of Bitcoin Cash increased from $ 995 to $ 1,250, with volume heavily concentrated on OKEx, the Hong Kong - based cryptocurrency exchanges operated by OKCoin, formerly the largest cryptocurrency exchange in China prior to the country's cryptocurrency trading ban in September 2017.

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.

CoinDesk The vice governor of China's central bank is reportedly seeking a wider ban on services related to cryptocurrency trading in the country.

The cryptocurrency market is eyeing a cautious recovery after financial regulators in South Korea publicly stated that they do not agree with the cryptocurrency trading ban that has been proposed by the country's justice minister.

Cryptocurrencies have taken the world by storm in the past few years and that has led to larger countries like Russia and China imposing bans on their trade.

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.

In stark contrast to its neighbors China and South Korea, who are increasing efforts to ban ICO's and the trade in digital currencies, The Financial Services Agency (FSA) in Japan approved 11 companies to operate cryptocurrency exchanges in the countrIn stark contrast to its neighbors China and South Korea, who are increasing efforts to ban ICO's and the trade in digital currencies, The Financial Services Agency (FSA) in Japan approved 11 companies to operate cryptocurrency exchanges in the countrin digital currencies, The Financial Services Agency (FSA) in Japan approved 11 companies to operate cryptocurrency exchanges in the countrin Japan approved 11 companies to operate cryptocurrency exchanges in the countrin the country.

Countries like Algeria, Morocco, Bolivia, Ecuador, Kyrgyzstan, Nepal, Vietnam and Bangladesh have issued all bans — or at least begun the process — either trading of Bitcoin or cryptocurrencies in general, in order to combat tax evasion and irresponsible trading.

It is difficult to measure the impact of the foreigner cryptocurrency trading ban initiated by the South Korean government on the global cryptocurrency market given that the majority of cryptocurrency investors and traders in the South Korean market are the country's citizens.

The price of bitcoin, the world's most popular cryptocurrency at present, took a beating Thursday after reports said South Korean Justice Minister Park Sang - ki was planning a ban on cryptocurrency exchanges in the country, which is a global hub for such trading platforms.

Earlier today, on January 11, we along with several mainstream media like CNBC and Reuters reported about South Korea planning to ban cryptocurrency trading activities in the country.

Despite the Chinese government banning all domestic cryptocurrency trading in September last year, and finalizing its full ban on foreign cryptocurrency exchanges and Initial Coin Offerings (ICO) in early February of 2018, Blockchain - based tech is still seeing widespread development in the country.

South Korea took the first step in regulating cryptocurrency and it threatened to ban crypto trading altogether within the country.

This time it was related to a possible cryptocurrency trading ban in the Asian country.

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.

The global cryptocurrency market is down nearly $ 100 billion following news that South Korea, one of cryptocurrency's biggest markets, is considering a ban on all crypto trading in the country.

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.

Per The Cointelegraph, South Korean media outlet The Hankyoreh reports that the country won't enforce a ban on cryptocurrency trading nationwide in the near future.