Sentences with phrase «cryptocurrency trading countries»

South Korea is one of the most important cryptocurrency trading countries.

The detainment of Coinnest employees represents the first time South Korea, the world's third - largest cryptocurrency trading country, has detained employees of a cryptocurrency - related business.

Not exact matches

DUBAI, April 28 - Iran has developed an experimental local cryptocurrency, a government minister said on Saturday, days after the country's central bank banned trading in digital currencies including bitcoin.

It was the first country to adopt a national system to regulate cryptocurrency trading after its exchanges were subject to some well - known breaches including Mt.Gox.

This followed reports that the country was considering a bill to ban all cryptocurrency trading via exchanges.

The country has remained one of the epicenters of bitcoin and other cryptocurrency trading even as regulators around the region crack down.

At least 3.5 million people were trading cryptocurrency on Japan's 17 domestic exchanges as of the end of March this year, according to Coindesk's translation of statistics from the country's Financial Services Agency (FSA).

While in South Korea for the Winter Olympics, CNBC's Carl Quintanilla takes a look at the surge in cryptocurrency trading in the country and what regulations could come from the government.

The South Korean Fair Trade Commission is conducting in - person investigations into 13 of the country's leading cryptocurrency exchanges.

The country's regulators may institute a capital gains tax on cryptocurrency and prevent youngsters from signing up for trading platforms.

According to a press release issued jointly by several South Korean government agencies on December 20, the country's Fair Trade Commission (FTC) has sent representatives on a three - day «field survey» of the country's 13 «major» cryptocurrency exchanges.

Thailand's central bank has instructed financial institutions in the country not to engage in a variety of practices relating to cryptocurrency, including investing in them and facilitating their trade.

The Monetary Authority of Singapore, which is the country's central bank, has no plans to ban cryptocurrency trading at the moment, though MAS does intend to eventually regulate digital asset exchanges and other entities to ensure AML / CFT compliance.

A Japanese financial watchdog has apparently pushed cryptocurrency trading platforms operating in the country to stop allowing customers to trade in several privacy coins.

The cryptocurrency exchange Kraken sent an email on April 17 to its Japan - based clients informing them that, starting on a yet - to - be-announced date in June, residents of the country will no longer be allowed to trade digital assets on the platform.

Banks in Chile have closed the accounts for three of the country's cryptocurrency trading platforms, sparking fears of an outright blanket ban in South America's wealthiest nation.

The issuance of new cryptocurrencies, which were banned in South Korea six months ago, has returned to the country via overseas listings for local trading.

The other thing the report touched is the lack of definitive regulation around cryptocurrency trading in the country.

DUBAI (Reuters)- Iran has developed an experimental local cryptocurrency, a government minister said on Saturday, days after the country's central bank banned trading in digital currencies including bitcoin.

Law enforcement in Bangladesh is actively hunting down users of Bitcoin as the use and trading of the cryptocurrency is still illegal in that particular country.

«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 country.

On Thursday, January 11, 2018, reports from South Korea indicated that some of the nation's authorities are planning a ban on cryptocurrency trading in the country.

Regulation surrounding both initial coin offerings (ICOs) and general cryptocurrency guidance by country remains hazy as regional trade practices continue to warrant scrutiny.

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.

Iran has developed an experimental local cryptocurrency, a government minister said on Saturday, days after the country's central bank banned trading in digital currencies including bitcoin.

Japanese cryptocurrency traders exceed 3 million: Japan is one of the most crypto - friendly countries out there with more than 3 million Japanese trading in cryptocurrency according to the latest figures from its Financial Services Agency (FSA).

Giving no quarter to cryptocurrencies: While China may be relaxed on blockchain research and implementation through their national system, it is tightening controls over cryptocurrency traded in the country.

Reports that Iran developed its own blockchain - based cryptocurrency also garnered some attention, as the news came just days after the country's central bank banned bitcoin trading amid escalating concerns on money - laundering and volatility of such digital coins.

It certainly seems that the Chinese government's actions have effectively ended all Bitcoin and cryptocurrency trading within the country.

With cryptocurrencies being adopted by developing countries it guarantees a chance for them to catch up to first world countries financial wise, as it allows the price of goods and services to drop, making trade within Africa more active and affordable.

The trend of bitcoin is gaining momentum in all the countries of the world and users worldwide are interested to trade in this growing cryptocurrency.

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.

Available in most of the countries, Bittrex is the leader in trading volume and cryptocurrencies listed on the market.

The country has no intention to ban cryptocurrency trading outright.

However, despite having a somewhat lenient stance on the crypto - trade going around in the nation, the country has been very strict on anyone who has been evading their taxes or using cryptocurrencies for illegal purposes.

In countries like South Korea, the cryptocurrency was traded at premiums closer to $ 4,000.

The Bitcoin Exchange and Trading Services (cryptocurrency and a digital payment system) industry is indeed a large internet based industry and pretty much active in countries such as United States of America, United Kingdom, France, Italy, Nigeria, South Africa Japan, China, Germany, and Canada et al..

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 country.

The country has banned anonymous trading accounts, the use of cryptocurrency exchanges abroad, and domestic ICOs.

Indian cryptocurrency exchanges are considering moving their operations outside the country and other options to carry on trading...

While there are indications that South Korea may try to ban cryptocurrency trading, and that China is cooling to cryptocurrency mining, that will just push more cryptocurrency business to the US and other countries that retain a light regulatory touch.

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).

At the time, the country's justice minister publicly spoke of considering a ban on cryptocurrency trading and quickly garnered a major backlash from the public and other ministries within the government.

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.

While this is good news for digital currency investors in the country, India could quickly follow China's footsteps and forcefully shut down all exchanges, effectively stomping out the easiest way for most investors to trade cryptocurrencies.

However, given Ripple's massive following in the South Korean market and the large daily trading volumes of XRP on UpBit and Bithumb, two of the country's largest cryptocurrency trading platforms, it is highly unlikely that the market valuation of Ripple would fall below $ 40 billion.

The Reserve Bank of India, the country's central bank, has all but banned cryptocurrency trading nationwide, with the release of its first monetary policy for the financial year.

Many countries, including the U.S., Japan and South Korea, tax all gains arising from selling, trading and purchasing items with cryptocurrencies, as well as gains accrued through mining and chain - splits.

Back in October of last year, Taiwan central bank governor Perng Fai - nan supported regulating cryptocurrency, stating that Bitcoin trading should be added into Taiwan's notification system for money laundering prevention law in a potential move similar to Japan that would legitimize cryptocurrency in the country.

However, Russia is now drafting a bill to allow cryptocurrency trading on permitted platforms in the country in the future.