China has banned token distribution events and Japanese regulators just suspended two
crypto exchanges due to non-conformity.
In addition, the demand for experienced IT personnel spiked at
crypto exchanges due to a recent government order for «the establishment of a security and trading system at virtual currency exchanges with a level equal to that of financial institutions,» the publication described.
Not exact matches
One of the largest
exchanges for digital
crypto - currency bitcoin had to suspend operations this week
due to a security breach.
With this in mind, once the legislation is applied at the European Union level,
crypto exchanges alongside wallet providers will be required to introduce specific
due diligence procedures for their customers.
The purported reason for the omission is that
crypto prices are significantly higher on South Korean
exchanges than elsewhere, primarily
due to local demand.
This is just a week after Ripple rose to a second place on the
crypto market, partly
due to an increased trading volume on South Korean
exchanges.
The most widely - used social media platform in China, WeChat, had also seen its
crypto exchange accounts closed
due to the crackdown of the government on all - things -
crypto.
Johari also added that once the
crypto regulation takes shape, national
exchanges dealing in the digital token shall have to apply for KYC registration and follow all
due diligence procedures.
Digital
exchange Coinbase has warned customers that,
due to recent changes to the Merchant Category Code (MCC), credit card companies are now able to charge additional «cash advance» fees on
crypto purchases.
Cryptocurrency liquidity is low, extremely low,
due to a number of factors including high failure rates among
crypto -
exchanges, taxation on conversion from
crypto to fiat, and speculation
due to high price volatility.
Due to complaints received, the Ontario Securities Commission in Canada is in the process of investigating
crypto exchanges in a bid to ensure that they are adhering to the country's securities laws.
Recently, it came to light that Poloniex, a
crypto exchange that was acquired by Goldman Sachs backed Circle, had reviewed their intent to become a Broker Dealer and then in
due course a regulated ATS with the SEC.
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.
While cryptocurrencies such as bitcoin, ether, and litecoin all declined
due to South Korea's intention to shut down anonymous trading at
crypto exchanges and tighten regulations.
Finally, on August 24, the SEC issued a suspension order against American Security Resources Corp. (renamed to Bitcoin
Crypto Currency
Exchange Corp.)
due to statements in press releases «concerning, among other things, the company's business transition to the cryptocurrency markets and early adoption of blockchain technology.»
Also,
due to its native
crypto - token BNB, Binance is one of the cheapest
exchanges to trade
cryptos.
Although WeSellCrypto is currently down for the count
due to banking issues (a few days ago at the time of this writing), it has been a widely loved and supported
crypto -
exchange that also supports quick PayPal transactions for coins.
He also went on to acknowledge that people are worried about their capital
due to past instances of security breaches at
crypto exchanges.
It will also be exciting to see whether
crypto -
exchanges are being bought up by larger financial institutions
due to their potential revenue growth.
In fact, losing money
due to hacks or operational issues on
exchanges is a much more common occurrence for
crypto investors than people may think.
Due to launch in December, the LBX app offers full trading functionality and will include Sterling to
crypto exchange across four major digital currencies (Bitcoin, Litecoin, Ripple and Ethereum)-- with more added in the new year.
However,
due to the
crypto - friendly nature of the government, the rest of the
exchanges, which includes Coincheck, have been allowed to function on the provisional authorization as they existed before the passing of the law that required registration, and were allowed to trade until their applications are being processed.
Exchanges are often in the news, either
due to listing of new
crypto / ICO token; customer service issues or loss of
crypto due to hacking.
In February, digital
exchange Coinbase warned customers that,
due to changes to the Merchant Category Code (MCC), credit card companies, such as Visa, can charge additional «cash advance» fees on
crypto purchases.
Most serious
crypto traders end up using centralized cryptocurrency
exchanges due to the many benefits they offer.
Therefore, a false alarm caused the recent
crypto market dip
due to coin market cap's temporary exclusion of South Korean
exchanges from their platform.
All 260,000 users of the Japanese
crypto -
exchange Coincheck, who lost their funds
due to the January hack attack, received refunds.
In addition, the ban could take away potential revenue to the government from
crypto exchanges, and instigate a
crypto market price drop «
due to the knee jerk reaction in which prices got impacted».
What's clear is that executives over at Coinbase are going to lose more than a little sleep (and money)
due to this new entrant into the mobile
crypto -
exchange space.
Škorić wants the next 20 Croatian ICOs to be based in Croatia, citing the example that Blockchain - based companies that the Zagreb Stock
Exchange has a stake in need to use legal entities in Estonia, as opposed to Croatia,
due to a lack of clear
crypto legislature in the country.
A lot of
crypto exchanges and operations are making their way to Japan
due to clampdowns in countries like China.
The lack of a similar drop in the
crypto markets may be
due to the lifeline it received after the The Commodities and Future Trading Commission and the US Securities
Exchange Commission joint hearing on Tuesday.