Sentences with phrase «by local financial regulators»

Bing holds the opinion that the ban shall be in place until regulatory policies and frameworks for both projects and ICO investors are introduced by local financial regulators which surely will serve as a bridge over troubled waters caused due to illegal money laundering and other associated activities which use ICO as a safe haven.

OKCoin and Huobi, two of the largest bitcoin exchanges in China that have been responsible for around 75 percent of bitcoin trades in the Chinese market, were given leeway by local financial regulators to operate until the end of October.

Not exact matches

Mauritian based Rainbow Insurance Co Ltd.'s registration was suspended in 2007 by The Mauritian Financial Services Commission (FSC), regulators of local insurance companies, for capital inadequacy, solvency and liquidity.

He was recently named to a nationwide debtor blacklist there, had more of his personal assets frozen, and was ordered to return to China by local regulators, all because of the financial failures of his company, LeEco.

In his interview with CCTV translated by Box Mining, Bing explained that the suspension on ICOs and the government's declaration of ICOs as an illegal fundraising method are only temporary, until local financial regulators introduce necessary regulatory frameworks and policies for both ICO investors and projects.

Earlier this week, the People's Bank of China (PBoC), the Chinese government, and its financial regulators have officially requested local bitcoin exchanges and trading platforms to halt their services by the end of September.

Earlier this week, the Chinese government, local authorities and financial regulators officially requested Chinese Bitcoin exchanges and trading platforms to halt their services by the end of September.

According to online leaked documents, the Chinese government is seeking an «orderly exit» from bitcoin mining operations in the coming months with the Leading Group of Internet Financial Risks Remediation, which happens to be the country's top internet - finance regulator, issuing a notice asking local governments to force mining operations out of business by resorting to measures such taxation, electricity pricing, property law and environmental regulations.

When we can secure the most important functionality of a financial network by computer science rather than by the traditional accountants, regulators, investigators, police, and lawyers, we go from a system that is manual, local, and of inconsistent security to one that is automated, global, and much more secure...