Sentences with phrase «forced local cryptocurrency exchanges»

China's recent ban on initial coin offering (ICO), a cross-between crowdfunding and initial public offering, has forced local cryptocurrency exchanges into stricter self - scrutiny about their supervision mechanisms.

Not exact matches

To Debate «Exchange Approval System» As local news media outlet Business Korea reports Monday, lawmakers from a dedicated «cryptocurrency task force» are examining the option of following in the footsteps of New York and Japan in vetting exchange operators before allowing them markeExchange Approval System» As local news media outlet Business Korea reports Monday, lawmakers from a dedicated «cryptocurrency task force» are examining the option of following in the footsteps of New York and Japan in vetting exchange operators before allowing them markeexchange operators before allowing them market entry.

The Cointelegraph noted that Justice minister Park Sang - ki, who said earlier this week that the government is working on a bill to ban Bitcoin trading on domestic exchanges, is at risk of losing his job, as more than 60,000 citizens signed a petition voicing their support of his removal; minister Park is said to have acted independently and without having consulted the local task force in charge of regulating cryptocurrencies, or even the Ministry of Strategy and Finance (also a part of the task force that's currently being set up).