While the world has been discussing the ban
on cryptocurrency trading activities that is still being considered in South Korea and that has caused a significant cryptocurrency market fall, the country has provided new information to talk about.
The news, first reported by Securities Times, a state - owned media outlet launched by the Communism Party mouthpiece the People's Daily, said the document requires payment companies to start internal investigations to ascertain
if cryptocurrency trading activities are being conducted via their payment services.
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.
With these latest changes, Livecoin stands true to its commitment to making it easy for the traders, irrespective of their experience levels to indulge
in cryptocurrency trading activity.
A self - regulatory association in China focused on digital finance has issued a new warning on
cryptocurrency trading activities.
Interestingly, most of
the cryptocurrency trading activity comes from Asian markets, resulting in the region playing a significant role in the success of the digital currency ecosystem in 2017.
Moreover, the company will make sure
its cryptocurrency trading activities and account holders follow Liechtenstein and European (EU / EEA) laws.
When in December 2017 Bitcoin's price first surged 100 percent to $ 20,000 and then nose - dove 50 percent in value, bringing down the prices of all other cryptocurrencies in its wake, Banco Santander - Portugal, the fourth largest Portuguese bank, shuttered their customer's
cryptocurrency trading activity.
The next day, both exchanges modified their announcements respectively to include a plan to end
all cryptocurrency trading activities.
The publication elaborated that the law will be applied to any public officials found engaging in
cryptocurrency trading activities.