South Korean investigators are also reportedly taking a hard look at a separate virtual
currency exchange in the country, which is also suspected of criminal activity.
FinCEN's regulations define currency (also referred to as «real» currency) as «the coin and paper money of the United States or of any other country that [i] is designated as legal tender and that [ii] circulates and [iii] is customarily used and accepted as a medium
of exchange in the country of issuance.»
Japanese authorities said on Monday they would investigate all cryptocurrency
exchanges in the country for security gaps and ordered Coincheck to raise its standards after hackers stole $ 530 million of digital money from the Tokyo - based exchange.
This adds to three
other exchanges in the country closing their doors after regulators stepped up oversight in the wake of the late - January hack of Tokyo - based...
Japan's Financial Services Agency (FSA) has authorized the operation of four new virtual currency
exchanges in the country as of early December 2017.
Even though China has taken a firm stand against cryptocurrencies, banning ICOs and the operation of crypto
exchanges in the country last September, it is reportedly developing its own sovereign cryptocurrency.
According to Representative Park, Upbit is now the largest crypto
exchange in the country with a market share of 52.9 %, based on data over 6 days of last week.
Late last week, local media reported that Russia's finance ministry had officially drafted a bill that would legalize the trade of cryptocurrencies on
regulated exchanges in the country.
According to the South China Morning Post, the number of peer - to - peer
exchanges in the country surged from four in October to 21 by the end of November.
The news from China that one of the most
popular exchanges in the country will stop trading Bitcoin by October has the world's most popular cryptocurrency losing some of its recently gained ground.
In the past, major
exchanges in the country braced themselves and were ready to undergo all sorts of regulatory and compliance steps should financial regulators in the country decide to take action.
By uniting all
licensed exchanges in the country, the association said it will make efforts to develop comprehensive rules regarding customer protection and internal controls, and will seek compliance from member companies.
State Attorney General Eric Schneiderman, at a recent rally to preserve the ACA, said New York has built «one of the best health
care exchanges in the country.»
International
telephone exchanges in all countries could install gateway circuitry, which converts calls from one type of videophone to a common exchange standard, but this would be very expensive.
Yahoo isn't the original source for all this information, it is the legal body which oversees the firms listed on the
stock exchanges in a country (i.e. SEC in US).
To strengthen oversight, the FSA is expected to expand inspections to all cryptocurrency
exchanges in the country over the next few months, according to a source familiar with the plan.
Through partnerships with Japan's SBI Group and an unnamed partner in South Korea, Huobi is expecting its
new exchanges in those countries to be running by March of this year.
Recently, even the largest crypto
exchange in the country Bithumb has experienced security issues and looking at all the exchanges that exist today, only a handful haven't experienced some sort of security breaches.
The South Korean government said it would impose regulations on what it considers an «irrationally overheated» bitcoin market and even shut down
exchanges in the country if necessary.
Huobi to Support Altcoins As the moratorium on cryptocurrency withdrawals is expected to soon end in China,
exchanges in the country seem to be turning their attention to alternative cryptocurrencies.
Optimism in the market comes from recent news from Japan that over ten companies are planning to open digital currency
exchanges in the country amid surging demand from investors and a favorable regulatory landscape.
Presently, among the most pressing contradictions among regulatory bodies in Russia is that surrounding cryptocurrency
exchanges in the country between the Central Bank of Russia and the Ministry of Finance.
According to a report from Japan's Nikkei, the country's Financial Services Agency (FSA) is looking to inspect several more cryptocurrency
exchanges in the country starting as soon as this week, following its visits to Coincheck in the days after its recent major hack.
As reported previously by CoinDesk, South Korea had long been
allowing exchanges in the country to offer trading services for investors via anonymous accounts, which, according to the South Korean customs agency, helped facilitate unregistered mvement of over $ 600 million in capital.
Ever since the Chinese government demanded in September that bitcoin
exchanges in the country shut down, China's on - exchange bitcoin trading volume has all but disappeared.
Namibia's central bank stated that it was going to ban the use of bitcoins for payments of any kind and prohibit cryptocurrency
exchanges in the country in a public statement released last month.