Sentences with phrase «cryptocurrency trading in the country»

A lot of confusion has been built around in the past two weeks about regulating cryptocurrency trading in the country.

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

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.

The agency is reportedly in talks with leading international technology companies to find an efficient method to track cryptocurrency trading in the country for tax proposes.

On Wednesday, January 10, 2018, reports from some journalists indicated that some of South Korea's authorities were planning a ban on cryptocurrency trading in the country.

The company has faced an uphill battle to grow since being effectively ousted from their homeland base in Shanghai, China in September due to Chinese government banning cryptocurrency trading in the country.

The Chinese government is reportedly preparing to allow the resumption of cryptocurrency trading in the country in the coming months, with the required anti-money laundering (AML) systems and licensing programs in place.

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.

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.

The Beijing government announced in September that they will prohibit cryptocurrency trading in the country over growing concerns that the

Officials are also looking at ways to reduce risks associated with cryptocurrency trading in the country, which could include shutting down institutions that use such currencies, Choi said.

The central bank intends to enforce the anti-money laundering and foreign exchange legislation upon cryptocurrency trade in the country.

It is expected that Russia will legalize and regulate cryptocurrency trade in the country by July 2018, while mining and trading crypto will also be taxed.

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.

«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.

Responding to lawmakers» questions, Singapore's deputy prime minister has said there's «no strong case» to ban cryptocurrency trading in the country.

The China - based mining pool previously ran an exchange in the world's most populous nation, shutting it down after regulators moved to prohibit cryptocurrency trading in the country.

A huge volatility and sell - off have recently gripped the cryptocurrency market majorly due to a lot of uncertainty over South Korean government's decision to control and regulate cryptocurrency trading in the country.

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.

However, what the court did do was decide that right now there is no legal prohibition on cryptocurrency trading in the country — as long as it maintains complete transparency and doesn't break any statutory laws.

The vice governor of China's central bank is reportedly seeking a wider ban on services related to cryptocurrency trading in the country.

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.

«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.

South Korea had previously threatened to ban cryptocurrency trading in the country.

With the recent crackdown on cryptocurrency exchanges in China, it remains to be seen whether the government will introduce more regulations on cryptocurrency trading in the country.

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 drop in the price of Bitcoin in South Korea has been led by weeks of speculation and misinformation about the South Korean government's stance on cryptocurrency trade in the country.

A senior official at the People's Bank of China is reportedly calling for a wider ban on services related to cryptocurrency trading in the country.

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.

South Korea's justice minister said on Thursday that a bill is being prepared to ban all cryptocurrency trading in the country.

South Korea's government announced tougher measures to crack down on cryptocurrency trading in the country and said it is considering shutting down the nation's bitcoin exchanges,...

Late Wednesday night, South Korea's justice minister announced a bill that would ban cryptocurrency trading in the country.

Bitcoin prices plunged as much as 13 % on Thursday after South Korean government said it was planning to ban cryptocurrency trading in the country.

India does not regard Bitcoin as legal tender, China is cracking down on digital currencies, while Korea is planning a bill that would ban all cryptocurrency trading in the country, as pointed out by The Verge.

As Korea's Justice Ministry makes an effort to put an end to cryptocurrency trading in the country, the Cheong Wa Dae (the Presidential Blue House)-- the executive office and official residence of President — has issued its own remarks on the proposed hardline ban after fielding over 1,000 public petitions against the shutdown of cryptocurrency exchanges, on its website.

Conflicting reports today, Jan. 11, have led to confusion after a South Korean minister announced plans of a bill intended to ban cryptocurrency trading in the country.

Mass confusion after reports broke that South Korea is planning to ban cryptocurrency trade in the country, local reporters call fake news, say «nothing is finalized»

However, South Korea - based Cointelegraph contributor Joseph Young reported on his personal Twitter today, citing local sources, that the South Korean Ministry of Strategy and Finance does not agree with the proposal from the Ministry of Justice to ban cryptocurrency trade in the country.

The current regulatory climate for cryptocurrencies and adopters in Korea is a markedly different from widely - reported whispers — since December — of a possible ban on cryptocurrency trading in the country.