The latest installment of FUD was caused by speculation that governments could be orchestrating a major
crackdown on cryptocurrency trading.
The recent Chinese government's
crackdown on cryptocurrency trading has also spurred other local exchanges to seek greener fields in South Korea and Japan.
The SEC and CFTC gave no indication of an overbearing
crackdown on cryptocurrency trading last Tuesday when their leaders testified before the U.S. Senate Banking Committee.
Unverified rumors on the South Korean government's potential
crackdown on cryptocurrency trading circulated around online Bitcoin communities over the past few days.
Unverified rumors on the South Korean government's potential
crackdown on cryptocurrency trading circulated around online Bitcoin communities.
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.
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.
Both Binance and OKEx were originally founded in China, and have found themselves having to adjust their operations in the aftermath of the Chinese government's
crackdown on cryptocurrency trading.
Japan's share of the market can be attributed perhaps mainly due to recent
crackdowns on cryptocurrency trading in South Korea and China, leaving Japan the lion's share of, if not just Asian Bitcoin business, then the world's.
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.
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.
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.
Europe's top markets watchdog may curb
trading in derivatives in Bitcoin and other
cryptocurrencies as part of a broader
crackdown on risky financial products available to retail investors.
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 market has experienced a huge setback this year
on threats of a regulatory
crackdown in South Korea, one of the world's largest hubs for
cryptocurrency trading.
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.
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.
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 Septembe
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 Septembe
on initial coin offerings (ICOs) in September.
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.
Since the beginning of this year, the crypto market has experienced increased pressure from regulators around the globe with
crackdowns focused
on cryptocurrency trading and initial coin offerings and this has played a major role
on the performance of the virtual currencies.
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.
As a result the Chinese government's
crackdown on both mining and
trading is expect to have minimal impact
on the global
cryptocurrency industry.
Yang Haipo has stated his belief that bitcoin and other
cryptocurrencies will continue to be
traded throughout China despite the
crackdown, emphasizing the challenges associated with attempting to enforce a ban
on bitcoin due to the fluidity of virtual currencies.
China is reportedly aiming to block all websites, both domestic and foreign, related to
cryptocurrency trading and initial coin offerings (ICOs) in what could be the country's final
crackdown on the industry.