Sentences with phrase «facilitating trading in the cryptocurrency»

The RBI's decision could deal a death blow to India - based exchanges that facilitate trade in cryptocurrencies such as bitcoin and ethereum as people won't be able to use money in their bank accounts or digital wallets to buy or sell these virtual assets.

The move is a slight departure from Coinbase's main business of facilitating trading in the cryptocurrency market.

Not exact matches

Thailand's central bank has instructed financial institutions in the country not to engage in a variety of practices relating to cryptocurrency, including investing in them and facilitating their trade.

The Financial Services Agency (FSA) have recently developed new strategies and requirements for cryptocurrency exchanges to follow, in the wake of the devastating Coincheck hack in January, evidence that the government are keen to facilitate cryptocurrency activity within its borders but are equally keen to ensure that trading remains above board, legal and safe.

In mid-January of 2018, the PBoC prohibited payment providers from facilitating cryptocurrency trades.

It worthy to note that bitcoin exchange and trading play a vital role in promoting the cryptocurrency by facilitating its use hence most bitcoin users perform their transactions through an exchange.

A cryptocurrency exchange facilitates the trading of cryptocurrencies, in exchange for other assets such as fiat money or another digital currency, and delivers the coins to the customer's crypto - wallet.

Specifically, concerns are raised that the «white papers» often used to provide some disclosure regarding ICOs should comply with Canadian securities law requirements, that those engaged in soliciting and facilitating these trades need to be properly registered as gatekeepers and that the online exchanges that facilitate secondary trading in cryptocurrencies need to be formally recognized as a «marketplace» under Canadian securities laws.

From the perspective of the Russian state, encouraging bitcoin - based trading could facilitate growth in Russian fintech firms like Alpari — allowing such to cash in on the growth of cryptocurrency without promoting the disruptive potential of free and direct cryptocurrency trading, or risking encouraging direct competitor to the national cryptocurrency that Russia has announced it is developing.

Then this weekend the PBOC reportedly ordered payment providers in Beijing stop facilitating cryptocurrency trading altogether.

While the report acknowledges that cryptocurrencies can be used to facilitate remittances and other consumer payments, by trading into and out of fiat currencies, it said that «due to the lack of a legal premise, the bank is unable to endorse such activities in Namibia at the moment.»

The Business Administration Department of the People's Bank of China (PBoC) has reportedly issued a document today requiring payment providers in Beijing to stop facilitating cryptocurrency trading activities.

The fastest evolving free economic zone in UAE levying zero percent corporate and personal income tax has recently started issuing licenses to cryptocurrency firms for facilitating their trading functionalities.

Familiarizing these institutions with cryptocurrencies with allow them to more easily make and facilitate trades in crypto markets.

Issuers or financial intermediaries of the ICO would also be subject to licensing requirements of the Singaporean legislation, and will also have to comply with the requirements for countering money laundering and financing of terrorism.It is worth mentioning also that the Singapore regulator also speaks about licensing of cryptocurrency exchanges, where tokens of projects will be traded after ICO: «In addition, platforms facilitating secondary trading of such tokens would also have to be approved or recognised by MAS as an approved exchange or recognised market operator respectively under the Securities and Futures Act.»

That's according to a report in Shanghai - based publication Yicai, which said that the department in charge of supervising the country's public communications networks had begun closely monitoring offshore cryptocurrency exchanges, in addition to domestic websites used by traders and investors to facilitate peer - to - peer (P2P) trades.

However, in January of 2017, the People's Bank of China (PBOC) started cracking down on domestic exchanges facilitating cryptocurrency trades within the country.

Ripple is the catchall name for the cryptocurrency platform, the transactional protocol for which is actually XRP, in the same fashion as Ethereum is the name for the platform that facilitates trades in Ether.

Yet, in interpreting the statement from the People's Bank of China in September on banning initial coin offerings (ICOs), financial columnist and a TV personality Li Cangyu went so far as to state the the feature tries to bypass law enforcement and violates the specific rule whereby the PBoC prohibited any exchange from facilitating the trading between cryptocurrency and fiat currency.