Sentences with phrase «by local cryptocurrency»

According to data collected by the Korean government, sales by local cryptocurrency exchange operators soared approximately 88-fold in 2017 compared to the previous year.

A KCSC spokesperson told Yonhap stated that the penalties received by local cryptocurrency exchanges are «far too small,» and the KCSC is aware of it.

Not exact matches

In another instance, the power demanded by cryptocurrency companies accounted for 33 percent of the local power company's load.

Remarks made by Philippine banking and regulatory officials on November 21, 2017, put cryptocurrency exchanges and crowdfunding via token offerings in the local spotlight.

This is the first known action taken by a local Japanese government entity against a non-compliant cryptocurrency exchange.

A reason for this may be the viewpoint that Russian cyber-criminals are left alone by Russian authorities, as long as they don't target fellow Russians, a reason why Russian - speaking criminal forums didn't bother supporting privacy - hardened cryptocurrencies, as they don't fear they'll be targeted by local law enforcement.

Seoul To Regulate After «Sufficient Consultation» After the South Korean justice minister caused «confusion and anger» last week by saying the government would ban cryptocurrency exchanges, local news media report, the latest statements from Seoul indicate a significant U-turn.

Our intention is to nurture the market, offering real life applications to various cryptocurrencies by enabling local stores and online merchants to accept payments in crypto.

Suddenly perforated with meetups, ICO startups, crypto cafes, bitcoin merchandise and trading chatter in pubs, cryptocurrencies have seemingly taken the city by storm — and Reuben Godfrey, co-founder of local incubator -LSB-...]

And even private trading of cryptocurrency arranged through chat - apps like Telegram and WeChat, for example, could fall under scrutiny, according to the Wall Street Journal.This much stricter stance on Bitcoin, beyond just exchanges but also concerning Bitcoin itself, seem consistent with comments from PBOC Counselor Sheng Songcheng, as reported by local news sources like Shanghai Securities News.

A major bank in Thailand has reportedly terminated the bank account of a local cryptocurrency exchange, following an announcement by the central bank prohibiting financial institutions from...

An exclusive coverage released by Asia Business revealed that Kakao's fintech application KakaoPay, which registered 3 million users within its debut month, will integrate cryptocurrencies into its local application to allow users to send and receive cryptocurrencies.

After a successful first installment of an EOS meetup run by Block One partner Ian Griggs, the local cryptocurrency community in Nairobi is holding a second...

Back in September, the financial regulatory bodies in China had a major crackdown on ICOs and cryptocurrency trading by asking all the local exchanges to shut down their operations with immediate effect.

Such a move by the Australian government instills some confidence in local cryptocurrency investors and shows that the government is serious to promote upcoming financial technologies in the country.

Other items on his agenda included having all local cryptocurrency exchanges and services register with the government and also abide by the Know - Your - Customer requirements by the end of 2019.

It was reported earlier that Kim Dong - yeon, the Minister of Strategy and Finance and Deputy Prime Minister of South Korea had declared that active investigation was carried out by the government for protecting customer assets, implementing stricter Anti-Money Laundering (AML) and Know your Customer (KYC) policies and ensuring consumer protection amongst investors of Bitcoin and local Cryptocurrencies.

The cryptocurrency markets witnessed a major correction owing to two main reasons: first is the negative statement by Wall Street's one of the most powerful men and JP Morgan boss — Jamie Dimon on Bitcoin, and other because of Chinese regulatory bodies cracking - the - whip on its local cryptocurrency exchanges.

As per the latest reports published by the National Police Agency of the Republic of Korea (South Korea), it has been confirmed that hacker from other side of the border have been targeting the local South Korean Bitcoin Exchanges with multiple attempts to steal the cryptocurrency.

Due to the numerous security issues faced by exchanges, chiefly hacking, many locals in South Korea are showing less trust in crypto exchanges when it comes to storing their cryptocurrencies.

According to a report by The Wall Street Journal, out today, the firm's Hong Kong office indicated that it accepted the payment in relation to work with local companies specializing in cryptocurrencies and blockchain technology.

«The cryptocurrency approach shares the work with other companies because the actual exchange of local currency into or out of the cryptocurrency can be done by an exchange,» says Rosedale.

Since 2013, when local cryptocurrency exchanges became operational, there has been growing enthusiasm for bitcoin spurred by the belief that cryptocurrency is an excellent way of safeguarding value.

Moon Jae - in's administration appears to have brokered a potential meeting between heads of state to avoid nuclear holocaust, and in more practical terms local media is widely reporting regional internet giant Kakao will deepen its involvement with cryptocurrency in South Korea by incorporating crypto into its various, hugely popular, platforms.

The South Korean local media has widely reported that the internet giant Kakao plans to deepen its involvement with cryptocurrency in the country by integrating crypto into it's various, widely known platforms.

The South Korean local media has widely reported that the internet giant Kakao plans to deepen its involvement with cryptocurrency in the country by...

In this case, the local traders may fulfil a pertinent need by being the only buyer / seller open to other cryptocurrency users.

Despite sweeping concerns of a ban on domestic cryptocurrency exchanges, proposed by Korea's justice ministry, the Korean government quashed such fears today while confirming wider regulatory moves for the local cryptocurrency ecosystem.

Japanese online broker Monex Group Inc said on Tuesday it is considering buying Coincheck Inc, the local cryptocurrency exchange hit by a high - profile $ 530 million theft earlier this year.

Through its Crypto - Nigeria arm, local meet ups have been arranged in order to tackle criminal activities by collaborating with government agencies and relevant bodies in fighting against crypto - related crimes, such as HYIP and Ponzi schemes that use bitcoin and other cryptocurrencies for payment.

Both, however, have been criticized by members of the local cryptocurrency community and it is unlikely that these projects will raise a notable amount of funds during their token sales.

Seoul To Regulate After «Sufficient Consultation» After the South Korean justice minister caused «confusion and anger» last week by saying the government would ban cryptocurrency exchanges, local news media report, the latest statements from Seoul indicate a significant U-turn.

After the South Korean justice minister caused «confusion and anger» last week by saying the government would ban cryptocurrency exchanges, local news media report, the latest statements from Seoul indicate a significant U-turn.

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.

Suddenly perforated with meetups, ICO startups, crypto cafes, bitcoin merchandise and trading chatter in pubs, cryptocurrencies have seemingly taken the city by storm - and Reuben Godfrey, co-founder of local incubator Crypto Coast reckons this momentum will only continue.

Last week, several fake cryptocurrency exchanges were exposed by the local Bitcoin community and financial authorities.

As CCN reported, India - based cryptocurrency trading volume had already plummeted by 90 percent in recent months as banks themselves had already begun to restrict the ability of cryptocurrency exchanges to secure access to financial services and locals to trade with funds stored in Indian bank accounts.

According to a survey carried out by South Korean central bank the Bank of Korea (BOK), young citizens in their 20s and 30s are not only familiar with cryptocurrencies, but are also willing to invest in them amidst the country's digital currency frenzy, local news outlet Yonhap reported Tuesday, March 27.

Specifically, local financial authorities disclosed that several cryptocurrency exchanges in South Korea are unregulated but are operating as legitimate businesses by utilizing the branding of leading financial institutions, like BitKRX.

Operated by OKCoin, formerly the largest cryptocurrency exchange in China prior to the local government's crackdown on trading, Hong Kong - based OKEx briefly became the biggest cryptocurrency exchange internationally, as reported by Cointelegraph, overtaking Binance in March 2018.

Earlier this week, there were reports that South Korea would begin enforcing corporate tax legislation on local cryptocurrency exchanges from the end of March 2018, requiring local exchanges to pay up to 22 % in corporate taxes by the end of March and 2.2 % in local income tax by the end of April, on 2017 earnings.

But it certainly could be a competitor to Bitcoin in Venezuela, and I think the fact that the term cryptocurrency was used in the announcement provides an important signal about the government's intention to compete with growing interest in cryptocurrencies in Venezuela, which is largely driven by the economic crisis and devaluation of the local currency there, that's currently ongoing.

According to news reported by Telesur TV a local news outlet, the «Granja Laboratorio Petro» will take place just days after the launch of the first state - backed cryptocurrency.

The integration of bitcoin by a major commercial bank in South Korea will likely lead to the imposition of regulatory frameworks by local financial authorities on bitcoin and cryptocurrency businesses, which will further increase the demand for bitcoin from the traditional finance industry.

Due to the small amount of cryptocurrencies listed by South Korean exchanges, the debut of UpBit was highly anticipated by local investors and within months, it has become the second largest cryptocurrency exchange in the market behind Bithumb.

The comment by Kim Dong - yeon on Wednesday comes as traders at home and around the world have been spooked by conflicting comments from government officials in South Korea, a major hub for cryptocurrency trade, that Seoul was planning to ban local digital coin exchanges.

Starting this week, to counterbalance the mishandling of the false cryptocurrency trading ban by the Justice Ministry, the South Korean government and financial authorities have begun to regulate the local cryptocurrency market and businesses strictly.

Residents are doing everything they can to make sure that even if the Trump administration goes ahead with its threats to stop funding sanctuary cities, then Berkeley will still be able to sustain itself with a cryptocurrency backed by local government municipal bonds.

Thailand's awaited tax framework for cryptocurrencies has been announced this week by the Thai Finance Minister, local news outlet Nikkei Asian Review reported Friday, March 30.

T > said on Tuesday it is considering buying Coincheck Inc, the local cryptocurrency exchange hit by a high - profile $ 530 million theft earlier this year.