Sentences with phrase «domestic bitcoin exchanges»

The inspections, which will be overseen by the Financial Services Commission (FSC), seek to determine whether banks have complied with anti-money laundering policies when servicing domestic bitcoin exchanges, which have reportedly deposited more than 2 trillion won ($ 1.8 billion) at Korean banks.

China plans to shut down domestic Bitcoin exchanges, anonymous sources told The Wall Street Journal today.

Dramatic financial news site ZeroHedge reported on 3rd November that Chinese regulators «are considering policies including restricting domestic bitcoin exchanges from moving the cryptocurrency to platforms outside the nation and imposing quotas on the amount of bitcoins that can be sent abroad.»

The reported curbs come within days off South Korean authorities conducting onsite inspections of multiple domestic bitcoin exchanges following the December 19th hack of Youbit, a Seoul - based exchange that declared bankruptcy soon after.

The recent lethargic price action in bitcoin is mainly due to investors waiting on the sidelines as they seek clarity out of China on the fate of its domestic bitcoin exchanges.

First reported by Bloomberg, the news source is said to have published a report detailing how Chinese officials could soon prohibit domestic bitcoin exchanges from moving certain volumes of bitcoin and other digital currencies abroad.

Reports that China may soon take actions to limit domestic bitcoin exchanges caused notable market activity today.

The trade on the decentralised crypto marketplace has rocketed after the People's Bank of China issued a warning to domestic bitcoin exchanges.

The sky has fallen today in the cryptocurrency segment, as China took huge steps towards closing its domestic Bitcoin exchanges, in line with the recently surfaced rumors.

Bitcoin activists on Reddit agreed that the growth is the result of the recent actions of Chinese central bank, which has started enforcing anti-money laundering and foreign currency regulation on domestic bitcoin exchanges.

The National Police Agency of South Korea claims that their unfriendly neighbor may be specifically targeting domestic bitcoin exchanges.

However, its domestic bitcoin exchanges had found a workaround for this issue by accepting payment into corporate accounts.

The end - of - the - year price correction is not viewed as a sign of a bubble as much as imposition of new regulations on domestic bitcoin exchanges in South Korea, a bitcoin trading hub.

China's central bank is reportedly set to issue findings from its inspections on domestic bitcoin exchanges.

In March, the PBoC announced that it will subject domestic bitcoin exchanges to current banking and anti-money laundering laws, prompting the exchanges to immediately introduce new guidelines.

In the wake of China's recent ban on initial coin offerings (where you raise funds for a new cryptocurrency), Wall Street Journal sources understand that Chinese officials are ordering the shutdown of domestic bitcoin exchanges.

Further, the industry saw the People's Bank of China, the country's central bank, take on a more active role as a watchdog of the domestic bitcoin exchange ecosystem.

January's defining markets storyline was the growing involvement of the People's Bank of China, China's central bank, in the domestic bitcoin exchange space.

Not exact matches

From a halt to virtual currency trading on domestic exchanges to banning initial coin offerings, regulators have taken a proactive role in shaping the stratospheric rise of Bitcoin and its peers.

Crypto crackdown China, home to the world's biggest community of Bitcoin miners, is cracking down on cryptocurrency activity, haling trade of virtual currencies on domestic exchanges and banning initial currency offerings.

Although bitcoin could run into regulatory hurdles in key markets like China, where domestic exchanges reportedly risk being closed, some investors are betting that it will only get more popular.

News of the crackdown sent bitcoin prices to a low of $ 5,400 on domestic exchanges.

«For the first time in bitcoin's short six - year history, potential investors can trade bitcoin on a fully regulated domestic platform partly owned by the largest stock exchange in the world, the NYSE,» he noted.

«Bitcoin offers tremendous benefits as a medium of exchange for both our domestic and international customers.

Assuming that you're confident after performing your research and want to proceed with participating in the ICO, then you should open a fiat - accepting cryptocurrency exchange account to convert your domestic fiat currency into popular cryptocurrency of Bitcoin (BTC) or Ether (ETH).

At press time, it appears the country's bitcoin exchanges are following through with earlier promises to shut down domestic trading operations, though the lack of major price movement indicates the bearish news has now been priced in.

The one - month long suspension of only two of the many domestic cryptocurrency exchanges may have a short - term effect on Bitcoin prices, but it shouldn't last in the long run.

Bitcoin prices briefly fell below $ 13,000 on Saturday amid news that South Korea was moving to regulate domestic cryptocurrency exchanges.

A Bloomberg report yesterday suggested that China is preparing to block domestic internet users accessing international bitcoin exchanges.

With a US - only customer base for buying and selling bitcoin, Coinbase is the leading domestic exchange in the United States.

Bitcoin.com.au offers both online and physical bitcoin exchange services in Australia, in partnership with domestic retailers financial firms.

China's oldest bitcoin exchange has released new details on how it will end yuan trading following a crackdown by the domestic government.

A trend is unfolding: global bitcoin exchanges are becoming wholesalers, whereas their domestic counterparts are catering to local needs.

Japan's largest bitcoin exchange by volume has announced a new round of fundraising backed by three domestic financial giants.

SHANGHAI / BEIJING (Reuters)- China's largest bitcoin exchanges are awaiting clarification from the government following more media reports that Beijing is planning to ban trading of virtual currencies on domestic exchanges, but markets were largely subdued on Monday.

China plans to ban trading of bitcoin and other virtual currencies on domestic exchanges, dealing another blow to the $ 150 billion cryptocurrency market after the country outlawed initial coin offerings last week.

The new announcements are the latest indication that China's central bank, the People's Bank of China (PBOC), may be following through on its decision to more actively enforce prior rulings related to how domestic financial service providers can interact with the bitcoin exchanges.

During August of last year, Turkey's sole bitcoin exchange, BTCturk, announced that it would cease operations due to its inability to find a banking partner — suggesting that despite bitcoin's legal status within Turkey, domestic financial institutions are hesitant to partner with cryptocurrency businesses.

Following news from last week that the exchange would add 0.2 % to both sides of domestic bitcoin trades, BitVC said it will enact the same pricing for international users as other major bitcoin exchanges including BTCC, Huobi and OKCoin.

While both bitcoin and litecoin took a hit after the early September statement from Chinese regulators - followed by domestic cryptocurrency exchanges voluntarily ceasing to offer services in the aftermath - bitcoin quickly recovered and neared record highs against the US dollar this week.

Bitcoin exchanges continue to operate in China, although not at the volumes they did before 2014, and the Chinese domestic currency, the yuan or renminbi, can't be used to add or withdraw funds from a Bitcoin account.

INDODAX, which is based in Bali enables domestic users to make fiat currency — bitcoin purchases and also crypto to crypto exchanges where one can swap Bitcoin for other crypto coins like Ethereum, Litecoin, Dash, Ripple and many bitcoin purchases and also crypto to crypto exchanges where one can swap Bitcoin for other crypto coins like Ethereum, Litecoin, Dash, Ripple and many Bitcoin for other crypto coins like Ethereum, Litecoin, Dash, Ripple and many others.

Korbit, the third largest bitcoin and cryptocurrency exchange in the South Korean market behind Bithumb and Coinone, has announced that non-Korean nationals or foreigners will not be allowed to deposit Korean won at any domestic cryptocurrency exchanges.

Following the strengthening of regulations and secret meetings with «big three» Bitcoin exchanges, BTCC, Huobi and OKCoin; on Feb 9, 2017 The People's Bank of China issued a statement warning nine domestics startups dealing in Bitcoins.

The Cointelegraph noted that Justice minister Park Sang - ki, who said earlier this week that the government is working on a bill to ban Bitcoin trading on domestic exchanges, is at risk of losing his job, as more than 60,000 citizens signed a petition voicing their support of his removal; minister Park is said to have acted independently and without having consulted the local task force in charge of regulating cryptocurrencies, or even the Ministry of Strategy and Finance (also a part of the task force that's currently being set up).

Bithumb remains the largest bitcoin exchange with approximately 76 % of the domestic market share.

A resurgent bitcoin price saw its rally grind to a halt on Monday following a report that South Korean regulators tasked with combating money laundering and terrorist financing would probe bank accounts belonging to domestic cryptocurrency exchanges.