Sentences with phrase «cryptocurrencies in the country by»

The South Korean local media has widely reported that the internet giant Kakao plans to deepen its involvement with cryptocurrency in the country by integrating crypto into it's various, widely known platforms.

The South Korean local media has widely reported that the internet giant Kakao plans to deepen its involvement with cryptocurrency in the country by...

Russia's finance minister, Anton Siluanov, announced in September 2017 that his department will regulate the use of cryptocurrencies in the country by the end of 2017.

Not exact matches

Whereas traditional investment methods require a firm to list in one country and utilize (at least initially) one exchange, creating and selling its own cryptocurrency allows a firm access to finance from anyone, anywhere, outside the normal constraints imposed by state - issued currencies.

The RBI move is in line with the government's stance that cryptocurrencies are not legal tender and is also in sync with greater regulatory scrutiny by central banks of several other countries including the US, Japan, China and South Korea.

In February 2017, BSP implemented a regulatory framework for cryptocurrency exchanges and similar entities within the Philippines, which was approved by the country's Monetary Board.

At some point in 2018, Bank Indonesia (the country's central bank) will reportedly trial a state - issued cryptocurrency, which is being referred to by Indonesian media sources as the «digital rupiah.»

The flight toward cryptocurrencies in a nation where inflation in bolivar prices is projected to surpass 2,000 percent next year falls in line with what has happened in other countries stricken by war or economic collapse.

«No Intention To Ban» In comments Wednesday quoted by Reuters, finance minister Kim Dong - yeon, who earlier in January said that a shutdown was still a possibility, finally ended apprehension surrounding the future of cryptocurrency trading in the countrIn comments Wednesday quoted by Reuters, finance minister Kim Dong - yeon, who earlier in January said that a shutdown was still a possibility, finally ended apprehension surrounding the future of cryptocurrency trading in the countrin January said that a shutdown was still a possibility, finally ended apprehension surrounding the future of cryptocurrency trading in the countrin the country.

We assess that as South Korea responds to these attempted thefts by increasing security (and possibly banning cryptocurrency trading) they will become harder targets, forcing North Korean actors to look to exchanges and users in other countries as well.

However, Japan is miles ahead when it comes to cryptocurrency usage and mainstream awareness because Bitcoins are being used in the country for years now - even before the price boom of last year, Bitcoins were recognized by the banks of Japan.

This was followed by the country instructing government officials to declare their cryptocurrency investments, which was later followed by a regulation stating they can no longer be involved in cryptocurrency trade.

Given the fact that prior to the adoption of the decree the appeal cryptocurrency assets in the country is not governed by law, the document stipulates that legal persons have the right to own tokens, and, given the number of features to carry out certain operations.

A group of lawmakers led by a politician from Korea's ruling political party is drafting a bill to legalize the launch of new cryptocurrencies and ICOs in the country.

Unlike the fiat currencies that are subject to regulation by the central authorities of the country in which they issued, the CryptoBank cryptocurrency is decentralized, and therefore is not subject to geopolitical and age restrictions.

In comments Wednesday quoted by Reuters, finance minister Kim Dong - yeon, who earlier in January said that a shutdown was still a possibility, finally ended apprehension surrounding the future of cryptocurrency trading in the countrIn comments Wednesday quoted by Reuters, finance minister Kim Dong - yeon, who earlier in January said that a shutdown was still a possibility, finally ended apprehension surrounding the future of cryptocurrency trading in the countrin January said that a shutdown was still a possibility, finally ended apprehension surrounding the future of cryptocurrency trading in the countrin the country.

Cryptocurrency exchange Bithumb has partnered with Korea Pay's Services, a mobile payment operator in the country, in a move that could bring crypto payments to over 8,000 merchants across the country by the end of the year.

Anti-Money Laundering Cryptocurrency Regulations Qiu Taisan, the Justice Minister of the country says the laws should be in place by November 2018.

However, as the cryptocurrency is gaining momentum in a number of countries, the dominance of Bitcoin is being challenged by other cryptocurrencies.

The biggest cryptocurrency news of late has been the order by the Chinese government to all Bitcoin exchanges operating in the country to close down, as well as the banning of Initial Coin Offerings (ICOs) in China.

As such, Bitcoin traders have been betting on the cryptocurrency market believing it can provide the most stable currency in the future, precisely because it is not tied to any individual country and thus is not affected by socio - political events.

Statistics from a group study released by the Financial Services Agency (FSA) in Japan reveal some interesting numbers on the country's cryptocurrency climate.

The study was released in an effort to bring more transparency to the country's cryptocurrency space in light of the recent exchange hack of Coincheck, where $ 530 million worth of cryptocurrency was stolen by hackers.

The deVere CEO concludes: «Robust regulation that is devised, implemented and enforced by international financial regulators will mean further protection for the growing number of people using cryptocurrencies, the less likely it will be that criminals will use these digital payment methods, the less potential risk there will be for the disruption of global financial stability, and the more potential opportunities there will be for higher economic growth and activity in those countries which introduce it.»

With the exception of Bithumb, the largest cryptocurrency exchange in South Korea, which is also the second biggest trading platform in the global cryptocurrency market, the majority of cryptocurrency exchanges in the country have been fined by South Korea Communications Commission (KCSC).

The last two months in India has seen Bitcoin trading go down by about 90 percent, with most of the repercussions being felt by cryptocurrency exchanges in the country.

Amidst Russian Orthodox Bishop Hilarion's controversial views on cryptocurrency and President Vladimir Putin emphasizing blockchain's importance in the country, Russia plans to finalize cryptocurrency legislation by Jul. 1, 2018.

The move marks the latest effort to regulate cryptocurrencies in Thailand following two royal decree drafts that were previously passed by the Cabinet of Thailand, the executive branch of the country's government.

The world's second most populous country is finding its citizens more interested in Ethereum — the second - largest cryptocurrency by market capitalization — than Bitcoin.

A Japanese government official has revealed that the country will ask G20 members to strengthen security measures in an effort to prevent money laundering by way of cryptocurrency.

The doors have closed on two more cryptocurrency exchanges in Japan following investigations by the country's Financial Services Agency — raising questions as to whether or not most exchanges will be able to meet the regulatory authority's standards.

The country's formal relationship with cryptocurrency began in 2013 and has since evolved into a set of ICO rules that were provided to us 2/2018 by FINMA, the regulatory watchdog of Switzerland.

Chinese regulators are reportedly blocking social media accounts held by cryptocurrency exchanges that still offer services in the country.

When South Korean regulators threatened to curb the trade of cryptocurrencies in the country, bitcoin and ripple dropped by up to 13 %.

Yesterday, Russian President Vladimir Putin signaled the country's regulators to get the cryptocurrency regulations in place, at the very latest by July 2018.

Such a move by the Australian government instills some confidence in local cryptocurrency investors and shows that the government is serious to promote upcoming financial technologies in the country.

Russian Bussiness Association Nods In Favour Of CryptoRuble Just when Russian president Vladimir Putin expressed his formidable support towards issuance of the country's own centralized indigenous cryptocurrency popularised by the name of CryptoRuble, comes another...

Lawmakers and regulators in the United States could be doing a much better job attracting innovative fintech startups to the country, Coin Center Executive Director Jerry Brito said at a recent cryptocurrency - focused event hosted by the...

Those in opposition to petro stated that the cryptocurrency is subject to approval by Congress, something which seems unlikely considering the political and economic upheaval the country has experienced as of late.

According to a report by Edge Markets, Ranjit indicated that SC is working closely with the country's central bank, Bank Negara Malaysia (BNM), to sketch out a framework on cryptocurrencies that it expects to finalize in the coming months.

South Korea will seek to increase transparency in cryptocurrency trading by stamping out illegal activities, the Blue House, the country's equivalent to the US White House, has said.

The Chinese crackdown led to a crash in bitcoin's value, although some cryptocurrency analysts think it could be good for bitcoin in the long run, by proving that one country — no matter how large — can not sink the virtual currency.

Bitbank, one of the largest exchanges in the country, restarted bitcoin deposits and withdrawals on Monday afternoon, followed by Zaif and Fisco Cryptocurrency Exchange, and then Bitcoin Japan.

Foreign currency shortages in the country had provided a positive stimulus to the usage of cryptocurrencies which was till date processed by Golix, the solitary Bitcoin exchange platform in Zimbabwe.

The Italian central bank's statement has been cautiously welcomed by cryptocurrency businesses and activists in the country.

This second cryptocurrency was also a huge success, as confirmed by Carlos Vargas, Venezuela's cryptocurrency superintendent, who said that over 83,000 individuals from 127 countries participated in the sale.

That ban, as well as warnings by regulators in other countries, has driven fears of a wider crackdown and prompted a sell - off that has helped wipe almost $ 60 billion off the total value of cryptocurrencies since they hit record highs at the start of the month, according to industry website Coinmarketcap.

Notable points addressed included the need for security and investor compliance for U.S. cryptocurrency exchanges; the need for regulators to distinguish the difference between cryptocurrencies that are considered digitally scarce commodities and securities tokens; among other points, all in such a way that won't stifle domestic innovation by forcing investors and businesses to leave the country.

Putin has said that all other cryptocurrencies will be banned in the country when the CryptoRuble launches by the end of this year.

Regulations vary by country and also by your type of involvement in cryptocurrencies (mining, trading, receiving payment, investing etc..)