Sentences with phrase «exchange licensing scheme»

What do you think about South Korea's plans for an exchange licensing scheme?

Neighboring South Korea is also considering an exchange licensing scheme for after elections in June this year, having previously stipulated all exchange users must tie their account identity to their bank account.

The central bank of the Philippines has seen little interest in its cryptocurrency exchange licensing scheme, according to a report.

A crypto exchange licensing scheme that began in April 2017 has now seen a total of 16 operators cleared to serve the Japanese market, these including major players such as SBI Group.

Not exact matches

Also Read: Australia's Blockbid Exchange Granted Cryptocurrency License by Austrac Digitalx Investments Digitalx Ltd (ASX: DCC), has launched a new crypto - assets investment fund that will focus primarily on leading cryptocurrencies while allowing diversification with regulated ICO tokens, crypto derivatives, fiat, and managed schemes.

Japan, too, recently started keeping cryptocurrency exchanges under a watchful eye in order to stop bitcoin's misuse, but its licensing scheme for exchanges also pointed to the cryptocurrency's slow move toward the mainstream.

And in an effort to curb cryptocurrency speculation, the authorities are working on increased oversight of exchanges (which could include a licensing scheme), although the governor of the Financial Supervisory Service has said the government will support «normal» cryptocurrency trading.

The timing of the statements follow revelations made by another government insider who hinted at a licensing scheme for cryptocurrency exchanges in becoming a reality post the June 2018 elections.

Various options remain on the table after Korea enacted an anonymous trading ban Jan. 30, including a licensing scheme for exchanges similar to those in New York and Japan.

South Korea is also considering a Bitcoin licensing scheme for exchanges, with Business Korea quoting a government official saying: «We are positively considering the adoption of an exchange approval system as the additional regulation on cryptocurrencies.»

Japan began operating a licensing scheme for cryptocurrency exchanges in 2017.

South Korea is reportedly considering a technology - specific licensing scheme as part of it proposed regulation of cryptocurrency exchanges.