Sentences with phrase «crypto market in the country»

Sucharitakul also revealed that the TSEC would be in charge of overseeing the regulation of the crypto market in the country.

It remains to be seen what the future holds for the crypto market in the country, but the prospects appear bleak at best.

As reported on Dec. 25, South Korea set up a task force to create legislation for the rapidly growing crypto market in the country.

Not exact matches

We can also see the value in the use of Bitcoin (and other crypto currencies) as an alternative to traditional currencies, particularly in countries or markets where there is little faith in the stability of the currency or where there are significant transactional restrictions in place.

With electricity demand from crypto miners set to exceed that from electric vehicles in coming years, the hunt for new markets is narrowing to Canada and a handful of Nordic countries, Bloomberg Intelligence analyst Elchin Mammadov said in a report.

South Korea has also been causing some concern in the markets as a result of rumors related to the potential banning of all crypto trading in the country.

In the later part of 2017, countries such as China and India both major markets for digital currencies made extensive moves to ban exchanges and ICO's while Japan and the U.S. both struggle with creating a regulatory balance that allows exchanges to do business while controlling fraud and crypto related criminal activity.

And although there was some market clamor in September when China banned initial coin offerings (ICOs) and moved to shut down crypto exchanges in the country, the market for cryptocurrency trading has diversified significantly, and as such, the markets took far less time to recover.

The alleged insider trading is said to have occurred prior to Korean regulators announcing new rules on cryptocurrency trading in the country - a move that has been, at least in part, linked to the recent slump in prices across the crypto markets.

Thailand joins the US, Japan, and other countries in levying stricter controls on the crypto market.

Bitcoin is up more than 8 % Wednesday morning, mirroring the broader cryptocurrency market, after the South Korean government appeared to backpedal on its reported plans to ban crypto mining and exchanges in the country.

To make things worse for an already volatile market, India's finance minister Arun Jaitley, also said that the country's government «does not consider cryptocurrencies legal tender or coin and will take all measures to eliminate use of these crypto assets in financing illegitimate activities or as part of the payment system.»

With the United States and South Korea, Japan integrates the top three podium of countries with the most activity in the crypto market.

From investing in other cryptocurrencies to easy and transparent access to web shops, the crypto - globalization of the Kuna would pop the isolated bubble Croatia has been in for so long, and push the country into the global market for real.

Yeon's positive comments about Blockchain and cryptocurrencies come after a period of harsher restrictions on crypto investing and exchanges in South Korea, with the country's ban on anonymous trading of cryptocurrencies and a false scare of an overall crypto ban making the markets dip.

In December 2017, crypto markets reacted to confusion regarding a rumored full ban on cryptocurrencies in the countrIn December 2017, crypto markets reacted to confusion regarding a rumored full ban on cryptocurrencies in the countrin the country.

The entire drama in the crypto - market boils down to the regulation threat imposed by South Korea, China and other countries that attempted to follow their footsteps.

For instance, South Korean authorities announced upcoming rules yesterday to ban anonymous cryptocurrency trading in the country, now among the largest crypto - trading markets in the world.

According to Representative Park, Upbit is now the largest crypto exchange in the country with a market share of 52.9 %, based on data over 6 days of last week.

The alleged insider trading is said to have occurred prior to Korean regulators announcing new rules on cryptocurrency trading in the country — a move that has been, at least in part, linked to the recent slump in prices across the crypto markets.

Chinese investors flooded the cryptocurrency market in other crypto friendlier countries like South Korea and India.

Among all the countries surveyed, only Indonesia had a higher percentage of respondents — 74 percent — who were bullish about bitcoin and the crypto market in general.

In a chat with CNBC, the official said that the bitcoin payment processing company's alliance with the heavyweight crypto exchange is in a bid to leverage the $ 200 billion remittance market by processing payments between South Korea and the western countrieIn a chat with CNBC, the official said that the bitcoin payment processing company's alliance with the heavyweight crypto exchange is in a bid to leverage the $ 200 billion remittance market by processing payments between South Korea and the western countriein a bid to leverage the $ 200 billion remittance market by processing payments between South Korea and the western countries.

Bad news awaits the Chinese blockchain community as regulators in the country expect to announce a further crackdown on Bitcoin and cryptocurrencies to stamp out speculation in the crypto market.

The global cryptocurrency market is down nearly $ 100 billion following news that South Korea, one of cryptocurrency's biggest markets, is considering a ban on all crypto trading in the country.