Sentences with phrase «fines against cryptocurrency»

The imposition of fines against cryptocurrency exchanges for poor security measures is optimistic for the South Korean cryptocurrency market in the long run, because it has shown that the government has taken the approach of regulating the market and protecting investors, rather than issuing an outright ban on cryptocurrency trading.

In what may emerge as a groundbreaking case of South Korean regulators imposing fines against a cryptocurrency exchange for data breach violations, BTC Korea.Com, operator of the Korea - based Bithumb exchange, has found itself in the crosshairs of the Korea Communications Commission (KCC).

U.S. prosecutors had filed charges against both Vinnik and BTC - e, with the Financial Crimes Enforcement Network (FinCEN) handing down a $ 110 million fine against the cryptocurrency exchange.