ViaBTC previously stated its intention to first target China's
domestic cryptocurrency trading market before seeking to expand to target overseas customers.
Not exact matches
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.
The final straw for the China thesis were reports 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.
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.
Russia's largest lender Sberbankplans to start
trading cryptocurrencies outside Russiain order to avoid violating
domestic rules, the bank's Head ofGlobal
Markets Andrey Shemetov said on Tuesday.
The group will determine which agencies will have jurisdiction over the
domestic crypto
market and create a system for collecting income taxes traced to
cryptocurrency trades.
The Korea Exchange, operator of the country's
domestic stock
market, reportedly told all employees to abstain from
cryptocurrency trading via a text message on Friday.
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 embracive stance toward blockchain technology is in stark contrast to China's crippling curbs against local
cryptocurrency markets which has seen initial coin offerings (ICOs) outlawed and crypto exchanges phased out to effectively shutter
domestic trading markets.
Just few months since its launch, Upbit became the country's main
cryptocurrency trading operator, now accounting for more than half of the
domestic trading market.