Sentences with phrase «domestic cryptocurrency»

If exchanges come under the definition of dealers, then in case of closure of domestic cryptocurrency exchanges, buyers will start buying them from foreign exchanges, he said.

South Korean officials announced today that they're preparing a bill that will completely ban domestic cryptocurrency trading.

The South Korean government announced today it will move to prohibit domestic cryptocurrency exchanges from allowing users to make transactions through anonymous accounts, local news sources report.

Japanese authorities have penalized seven domestic cryptocurrency exchanges following inspections, including a month - long suspension for two exchanges.

Meanwhile, weeks of speculation of a proposed ban on domestic cryptocurrency exchanges in Korea were firmly quelled after the country's finance minister revealed the government had no intention of banning cryptocurrency exchanges.

The ongoing debacle of South Korean policymakers and officials delivering contrasting statements about the legality of domestic cryptocurrency trading just took another turn.

Speaking to reporters after a cabinet meeting on Tuesday, Japanese finance minister Taro Aso demanded the strengthening of management systems at domestic cryptocurrency exchanges while urging regulators to «appropriately monitor» the ecosystem to protect consumers.

South Korea and China each put its foot down on initial coin offerings, with China taking things one step further by banning domestic cryptocurrency exchanges.

As reported by CCN in August 2017, Australia's justice minister Michael Keenan announced the government's move in regulating domestic cryptocurrency exchanges, a first for the nation.

South Korea's finance minister, notably an advocate against a proposed ban for domestic cryptocurrency exchanges, has stated that blockchain technology can revolutionize and «change the world» during a ministerial trip to China.

Bermuda's Monetary Authority (BMA) says it is seeking public feedback on an anti-money laundering law that would regulate domestic cryptocurrency activity.

Upbit, a relatively new Korean crypto exchange that has quickly established itself as the country's biggest by trading volume, is launching the first domestic cryptocurrency index in a bid to help crypto investors better understand overall market trends.

South Korea's second largest and the world's fifth biggest cryptocurrency exchange, Upbit, has announced the launch of the countries first domestic cryptocurrency index.

on Monday, January 15, 2018, that the Chinese government is escalating its crackdown to include domestic cryptocurrency trading by planning to block access to online platforms, exchanges, market - makers and mobile application platforms that cater to Chinese citizens.

Last year the People's Bank of China stopped domestic cryptocurrency exchanges from dealing with trades tied to the country's legal tender, the renminbi.

Other factors likely shaping the market today are continued fears that China will move to close domestic cryptocurrency exchanges, a state of affairs that has already led at least one trading platform to freeze its operations.

Many bitcoiners connect the introduction of the fees with the Chinese regulator's recent actions towards domestic cryptocurrency trading platforms.

Australia's financial intelligence agency and watchdog has reminded domestic cryptocurrency exchanges of their new regulatory obligations that includes registration,...

China first issued the «Notice» of a sweeping ban on initial coin offerings on September 4, quickly followed by restrictions to effectively shutter domestic cryptocurrency exchanges, mandating them to completely stop trading activities by September 30.

Recent reports indicate that intelligence services in South Korea suspect that North Korea is behind additional attacks against domestic cryptocurrency exchanges, including market - leader Bithumb.

The People's Bank of China (PBOC) first cracked down on ICO projects by making them illegal, but then soon after the bank made domestic cryptocurrency exchanges close down their operations.

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.

The move comes at a time when the Japanese regulator has been scrutinizing domestic cryptocurrency exchanges regarding their anti-money laundering and business registration compliance.

Japan's Financial Services Agency has published domestic cryptocurrency trading statistics for the first time.

Mining 12 mins ago By Kevin Helms — 1380 0 Japan's DMM Launches Large - Scale Domestic Cryptocurrency Mining Farm and...

As reported before, the FSA has been stepping up its effort in inspecting domestic cryptocurrency exchanges regarding their business operation loopholes after the heist has previously stolen $ 500 million worth in the NEM token from Coincheck.

The tax agency source described the data requests as a prelude to potentially more formal investigation and monitoring, adding that the agency is already carrying out analysis on domestic cryptocurrency use.

Yet, the comment is notable given recently reported measures taken by Chinese authorities to clamp down on domestic cryptocurrency companies.

Also Read: Business Associations in Russia urges Govt to approve only domestic cryptocurrency — like CryptoRuble

Australia is moving to introduce a new bill that would extend the country's anti-money laundering laws to cover domestic cryptocurrency exchanges.

At press time, the statement is the latest to seemingly confirm China may be on the verge of a broader effort to curb domestic cryptocurrency activity, following yet another report by a local financial news source indicating that regulators are preparing a formal ban on domestic bitcoin exchanges.

Further, Pan also doubled down on China's recently reported clampdown on domestic cryptocurrency miners.

The new domestic cryptocurrency will be called G - Global and «will help the world get rid of monetary wars, black - marketeering and decrease volatility at markets,» Nursultan Nazarbayev said at the 10th Astana International Forum (AIF).

South Korean regulators conducted on - site inspections at other domestic cryptocurrency exchanges in the wake of the hack, and the country has since passed new rules designed to cool off the markets and protect investors.

South Korea's corporate watchdog has today reportedly ordered a dozen domestic cryptocurrency exchanges to revise their adhesion contracts to provide better protection to consumers.

Beijing's ongoing move to ban and censor access to domestic cryptocurrency businesses and international exchange platforms respectively comes within a week of China's internet finance association learning that previous measures to eradicate investments into cryptocurrencies have failed.

The news follows reports and clarifications about South Korea banning local exchanges there; regulators have confirmed that they won't block domestic cryptocurrency trading, but will investigate tax evasion and KYC protocols within these organizations.

On this pretense, the PBoC prohibited the initial coin offering (ICO) fundraising model, as well as domestic cryptocurrency trading.

Taking an overview, it would seem that the market fears caused by China's ICO ban in early Sept., and the voluntary closures of domestic cryptocurrency exchanges that followed, have now almost completely been shrugged off by the market.

In fact, according to South Korea news agency Yonhap, the country's financial regulator, the Financial Service Commission, was required to brief other 36 member states on its work bringing in anti-money laundering compliance rules for domestic cryptocurrency exchanges.

After a cabinet meeting on Tuesday, Japanese finance minister Taro Aso demanded the strengthening of management systems at domestic cryptocurrency exchanges while urging regulators to «appropriately monitor» the ecosystem to protect consumers.

A long - standing deliberate move to establish itself as a FinTech hub that embraces cryptocurrencies saw Australian authorities push for a legislative bill to include domestic cryptocurrency exchanges under existing laws.

The South Korean government announced today it will move to prohibit domestic cryptocurrency exchanges from allowing users to make transactions through anonymous accounts,...

South Korea's spy agency beileves a recent run of hacking attacks on domestic cryptocurrency exchanges is linked to North Korea.

Japan's Financial Services Agency has allegedly strengthened its position towards domestic cryptocurrency exchanges.

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

Australia's financial intelligence agency and watchdog has reminded domestic cryptocurrency exchanges of their new regulatory obligations that includes registration, effective today.

This is making domestic cryptocurrency exchanges and peer - to - peer trading platforms» volumes climb while digital currencies are also selling at a premium.

It banned domestic cryptocurrency exchanges last year after failing to regulate the fast growth of initial coin offerings, the virtual currency equivalent of an initial public offering.