Bloomberg reported at least 19 foreign blockchain companies applied for a Japanese license after China's recent
crackdown on cryptocurrency exchanges.
The publication also cites the decision to allow China's major cryptocurrency exchanges to reopen following PBOC investigations, implying that the recent
crackdown on cryptocurrency exchanges is temporary, and should not be interpreted as a general prohibition on cryptocurrency.
News.Bitcoin.com China's major exchanges have found a legitimate means through which to continue operations despite the Chinese government
crackdown on cryptocurrency exchanges.
Having topped out at a spectacular all - time high of $ 5,013 on September 1, prices have since continued to drop amid likely profit - taking by traders and, more recently,
the crackdown on cryptocurrency exchanges by the People's Bank of China and other authorities in the country.
China's major exchanges have found a legitimate means through which to continue operations despite the Chinese government
crackdown on cryptocurrency exchanges.
Chosun, one of South Korea's largest mainstream media outlets, reported that local financial authorities and law enforcement have begun to
crackdown on cryptocurrency exchanges with deceptive marketing and fraudulent operations.
With the recent
crackdown on cryptocurrency exchanges in China, it remains to be seen whether the government will introduce more regulations on cryptocurrency trading in the country.
Chinese authorities are quietly stepping up
a crackdown on cryptocurrency exchanges to include «market - making» platforms and similar services, according to anonymous sources cited by Bloomberg in an article Monday, Jan. 15.
Despite
the crackdown on cryptocurrency exchanges, China could still lead the blockchain industry when it comes to business services.
The biggest piece of Ethereum news today is the potential Chinese
crackdown on cryptocurrency exchanges.
HONG KONG (Reuters)-- Hong Kong regulator the Securities and Futures Commission (SFC) said on Friday it would
crackdown on cryptocurrency exchanges that operate in the Asian financial hub without a...
Hong Kong regulator the Securities and Futures Commission (SFC) said on Friday it would
crackdown on cryptocurrency exchanges that operate in the Asian financial hub without a license or violate local securities laws.
While the SEC has issued subpoenas and information requests around initial coin offerings, lawyers and analysts who spoke with CNBC Wednesday generally did not expect an immediate, broad
crackdown on cryptocurrency exchanges in the U.S.
South Korea's new management - minded approach is a dramatic turnaround from its energetic regulatory
crackdown on cryptocurrency exchanges this past year, alarmed at a heated market that saw local prices of Bitcoin and other virtual currencies in South Korea trade for higher than international levels.
Not exact matches
The
crackdown on Seoul - based operators of some of the world's busiest virtual currency
exchanges comes as the government attempts to calm frenzied demand for
cryptocurrency trading in Asia's fourth largest economy.
The country is inspecting some banks in a
crackdown on related money laundering and is considering closing
cryptocurrency exchanges.
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 People's Bank of China announced a ban
on token offerings (ICOs) in September 2017 and shortly thereafter its broad
cryptocurrency crackdown effectively prevented travel by
exchange executives.
Prices of major
cryptocurrencies tumbled more than 9 percent Wednesday
on a new round of regulatory
crackdowns in the U.S. and Japan and rumors that popular
cryptocurrency exchange Binance has been hacked.
SEC Begins to
Crackdown on Cryptocurrency The SEC or Securities and
Exchange Commission is charging two companies with the charges of defrauding investors with the use of initial coin offerings...
The UK and EU are planning a
crackdown on cryptocurrency trading, and in the US, the Securities and
Exchange Commission (SEC) has enforced actions against ICOs believed to be related to fraud.
on Monday, January 15, 2018, that the Chinese government is escalating its
crackdown to include domestic
cryptocurrency trading by planning to block access to online platforms,
exchanges, market - makers and mobile application platforms that cater to Chinese citizens.
The final straw for the China thesis were reports
on Monday, January 15, 2018, that the Chinese government is escalating its
crackdown to include domestic
cryptocurrency trading by planning to block access to online platforms,
exchanges, market - makers and mobile application platforms that cater to Chinese citizens.
The decision to propose traceable activity within India's domestic
exchanges follows a statement from the country's Finance Minister from earlier this month, in which he said that
cryptocurrencies aren't legal tender there (to be clear, no currency except the Indian Rupee is a legal tender in the country), and that there will be a
crackdown on the use of virtual currencies in financing illegitimate activities.
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.
Following the major
crackdown on the country's local Bitcoin
exchanges in China, the global market sentiment has absolutely turned negative and a bit of panic and fear is being witnessed within the investor community.Panic selling is being witnessed in the
cryptocurrency markets where Bitcoin price finally drops below $ 3000.
The timing of the launch comes at a time when the nation's government has issued restrictions
on cryptocurrency trading activities and is mulling a harsher
crackdown on exchange - based trading.
The half a billion dollar theft in Japan
on the Coincheck
Exchange could be a cautionary tale for Taiwan, which has been looking to possibly fill the
cryptocurrency void in Asia following the
crackdowns in China and South Korea.
A forum account tied to the
cryptocurrency exchange BTC - e has offered new details
on how it plans to revive the services weeks after it was taken offline following a
crackdown by US authorities.
The regulatory focus comes following China's recent
crackdown on bitcoin
exchanges, he said, adding that the authorities there considered
cryptocurrencies «fraudulent.»
Moreover, if China had accounted for a major portion of the global Bitcoin
exchange market, its
crackdown on cryptocurrency trading would have had a bigger impact
on the price of Bitcoin.
South Korea's Finance Minister confirmed Wednesday that his country has no intention of banning
cryptocurrency exchanges, extinguishing lingering fears about a harsher
crackdown on the digital asset class.
After facing
crackdowns in China and being issued a warning by regulators in Japan,
cryptocurrency exchange Binance is now seeking a home
on...
The search giant has revealed a
crackdown on all
cryptocurrency - related content, including adverts for ICOs,
exchanges, digital wallets, and trading advice.
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.
Throughout the past month, traders and investors in China have criticized the Chinese government's sudden
crackdown on local
cryptocurrency exchanges and trading activities.
CCN also reported that central bank officials are planning to block domestic access to
cryptocurrency trading platforms that are located off the mainland, widening its
crackdown on centralized trading that began last year when regulators ordered the shutdown of local
exchanges.
After facing
crackdowns in China and being issued a warning by regulators in Japan,
cryptocurrency exchange Binance is now seeking a home
on the crypto - friendly island...
However, with Russia's recent
crackdown on cryptocurrencies, through the banning of access to
exchanges, the iron - fisted government is also taking aim at miners.
As local
exchanges have done in the past, they intend to continuously support the government in its
crackdown on illicit activities surrounding
cryptocurrencies.
However, much of that optimism was blunted by the Chinese government's
crackdown on domestic
cryptocurrency exchanges.
The incorporation of virtual currencies into China's «General Principles of the Civil Law» legislation suggests that China's recent
crackdown on virtual currency
exchanges will not be expanded into a nationwide prohibition
on the use and possession of
cryptocurrencies.
Nonetheless, with the recent
crackdown by the Chinese government
on cryptocurrency exchanges and its regulations, we are only left with the option of waiting to see whether the government will enable a conducive environment for the coin.
The Chinese government is continuing to intensify its
crackdown on the
cryptocurrency market, Bloomberg reported, and is planning
on extending its ban
on crypto
exchanges to pursue alternative «online platforms and mobile apps that offer
exchange - like services.»
Bitfinex who are one of the largest
cryptocurrency exchanges in the world, they are reported to be integrating a new software to tackle potential manipulating activities, as they try to
crackdown this type of behavior
on their platform.
The recent Chinese government's
crackdown on cryptocurrency trading has also spurred other local
exchanges to seek greener fields in South Korea and Japan.
Surprisingly, amid a
crackdown on Bitcoin
exchanges in China and South Korea, their testimony wasn't as negative as many
cryptocurrency investors had feared.
The closure comes months after ViaBTC shut down its
cryptocurrency exchange in response to a
crackdown by Chinese authorities
on the country's
exchange ecosystem, a process that began just after the beginning of 2016.
n Russias recent
crackdown on cryptocurrencies, through the banning of access to Bitcoin
exchanges, sees the iron - fisted government also taking aim at miners.n
The recent brief correction was caused by a combination of four factors: Japan's
crackdown on small
exchanges, Binance hack rumors, SEC's announcement to
exchanges, and major
cryptocurrencies failing to meet key resistance levels.