Sentences with phrase «from local cryptocurrency exchanges»

«Various scenarios such as the imposition of value - added tax, a capital gains tax, or both on trade,» another anonymous source is quoted, «and the collection of corporate tax from local cryptocurrency exchanges, as well as the initiation of authorized exchanges with licenses are being discussed,» adding transparency between ministries and banks will allow capital to be better monitored.

Various scenarios such as the imposition of value - added tax, a capital gains tax, or both on trade; and the collection of corporate tax from local cryptocurrency exchanges, as well as the initiation of authorized exchanges with licenses are being discussed.

The South Korean government also said this week that it is planning to collect corporate and income taxes at a collective rate of 24.2 percent from local cryptocurrency exchanges this year.

this week that it is planning to collect corporate and income taxes at a collective rate of 24.2 percent from local cryptocurrency exchanges this year.

Meanwhile, Yonhap reported South Korean authorities will collect a hefty tax from local cryptocurrency exchanges.

«Various scenarios such as the imposition of a value - added tax, a capital gains tax, or both on trade; and the collection of corporate tax from local cryptocurrency exchanges, as well as the initiation of authorized exchanges with licenses are being discussed.»

Not exact matches

South Korea's new management - minded approach is a dramatic turnaround from its energetic regulatory crackdown on cryptocurrency exchanges this past year, alarmed at a heated market that saw local prices of Bitcoin and other virtual currencies in South Korea trade for higher than international levels.

On April 25, 2018, cryptocurrency exchange platform «Everyone's Bitcoin» (みんなのビットコイン) published a notice (Japanese) regarding a business improvement order, which it recently received from the Kanto Local Finance Bureau (a regional department of Japan's Ministry of Finance).

Seoul To Regulate After «Sufficient Consultation» After the South Korean justice minister caused «confusion and anger» last week by saying the government would ban cryptocurrency exchanges, local news media report, the latest statements from Seoul indicate a significant U-turn.

While China strictly banned initial coin offerings (ICOs) and cryptocurrency exchanges platforms and Macau's monetary regulator barred local firms from providing ICO - related financial services, Hong Kong has emerged as something as an ICO hub.

And even private trading of cryptocurrency arranged through chat - apps like Telegram and WeChat, for example, could fall under scrutiny, according to the Wall Street Journal.This much stricter stance on Bitcoin, beyond just exchanges but also concerning Bitcoin itself, seem consistent with comments from PBOC Counselor Sheng Songcheng, as reported by local news sources like Shanghai Securities News.

Japanese cryptocurrency exchange Coincheck has announced that it plans to allow users to start withdrawing local currency from their accounts next Tuesday.

A major bank in Thailand has reportedly terminated the bank account of a local cryptocurrency exchange, following an announcement by the central bank prohibiting financial institutions from...

According to Yonhap News, a South Korean mainstream media outlet, KCSC alongside the Ministry of Science, Technology, and Information, and the South Internet Development Agency launched a full investigation into local cryptocurrency exchanges from October 10 to December 28 in 2017.

When China closed its local cryptocurrency exchanges late last year, an underground ecosystem of bitcoin «mules» and peer - to - peer platforms sprung up to allow bitcoin trading to thrive, away from regulators» watchful eyes.

South Korean cryptocurrency exchange Korbit has barred non-citizens from depositing local currency — the Korean won — on its platform.https: / / www.coindesk.com/korean-crypto-exchange-korbit-halting-deposits-from-non-citizens/ ...

The Russian Ministry of Finance has drafted a bill to legalize the trading of cryptocurrencies on approved exchanges, according to a report from local media.

According to Reuters, officials from the National Tax Service raided the offices of both local cryptocurrency exchange Coinone and Bithumb, which is the second largest virtual currency operator in the country.

Emerging Markets After the Chinese government banned local bitcoin exchanges from operating in the country some industrious people have begun going abroad to buy the cryptocurrency and reselling it in China for a premium...

SHANGHAI / SINGAPORE — When China closed its local cryptocurrency exchanges late last year, an underground ecosystem of bitcoin «mules» and peer - to - peer platforms sprung up to allow bitcoin trading to thrive, away from regulators» watchful eyes.

In addition to trading the dominant cryptocoins, one of CryptoHawk's primary essence also lies in further establishing and promoting the acceptability of cryptocurrencies as a means of payment in the society across all industries and sectors; from the standard trading of cryptocurrency on exchanges to making a purchase in the local retail store using any recognized coin.

But in September, its central bank banned initial coin offerings (ICOs) and stopped cryptocurrency exchanges from serving local customers.

Japanese cryptocurrency exchange Coincheck has announced that it plans to allow users to start withdrawing local currency from their accounts next Tuesday.

From more local bitcoin exchanges that enable users to buy and sell cryptocurrencies using local currency to bespoke blockchain solutions such as the ChamaPesa app, more local startups are expected to develop value - adding blockchain - based solutions for Africa.

As per the latest reports published by the National Police Agency of the Republic of Korea (South Korea), it has been confirmed that hacker from other side of the border have been targeting the local South Korean Bitcoin Exchanges with multiple attempts to steal the cryptocurrency.

At otc.huobi.pro, people from different countries can exchange their local currency to bitcoins and other cryptocurrencies.

In January, reports surfaced that the South Korean government was planning to enforce corporate tax policy on local cryptocurrency exchanges from the end of March 2018.

Japan's Financial Services Agency (FSA) has ordered the suspension of two more cryptocurrency exchanges and sent a business improvement notice to another, following a series of inspections after the January hack of around $ 534 mln in NEM from Japanese crypto exchange Coincheck, local news outlet Nikkei Asian Review reports today, April 6.

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China is also said to be planning a ban on access to foreign cryptocurrency exchanges from within its borders, according to a Bloomberg report from earlier this week; the country has already banned local exchanges.

Seoul To Regulate After «Sufficient Consultation» After the South Korean justice minister caused «confusion and anger» last week by saying the government would ban cryptocurrency exchanges, local news media report, the latest statements from Seoul indicate a significant U-turn.

After the South Korean justice minister caused «confusion and anger» last week by saying the government would ban cryptocurrency exchanges, local news media report, the latest statements from Seoul indicate a significant U-turn.

The tax authorities requested information about Spanish residents who bought or sold cryptocurrencies from 60 local financial institutions, including banks, cryptocurrency exchanges, and stock companies.

Following announcements from other central banks including the UK and the US, India's central bank has been applying regulatory pressures on its national banks and local cryptocurrency exchanges.

Amidst all the hullaballoo currently going on in the South Korean cryptocurrency market, a local media publication Yonhap News has recently reported that the government has arrived at a decision to collect 24.2 % of local and corporate income tax from local exchanges this year as a «measure of tax enforcement».

Few days later, rumours started to come in from China suggesting that the People's Bank of China (PBoC) is looking to shut down all the local cryptocurrency exchanges.

Earlier this week, there were reports that South Korea would begin enforcing corporate tax legislation on local cryptocurrency exchanges from the end of March 2018, requiring local exchanges to pay up to 22 % in corporate taxes by the end of March and 2.2 % in local income tax by the end of April, on 2017 earnings.

This week local Japanese news outlets report that the exchange Coincheck, who suffered from a $ 530Mn USD loss of the cryptocurrency NEM, is facing a class...

The prohibition of debit and credit card usage on cryptocurrency exchanges and marketplaces can be considered as a measure the central bank of India took to prevent local investors from investing in the cryptocurrency market with debt.

The comment by Kim Dong - yeon on Wednesday comes as traders at home and around the world have been spooked by conflicting comments from government officials in South Korea, a major hub for cryptocurrency trade, that Seoul was planning to ban local digital coin exchanges.

China blocked local investors from accessing cryptocurrency exchanges on Friday.

Litecoin price crashes along with the broader cryptocurrency market after China blocks local investors from accessing foreign cryptocurrency exchanges.

South Korean prosecutors raided three cryptocurrency exchanges this week over suspicions that staff embezzled funds from customers» accounts, according to local news reports.

Pakistan's announcement on Friday follows one by India's central bank from having any links to virtual currency dealers, which immediately slashed cryptocurrency prices on local exchanges.

Small and medium - sized cryptocurrency exchanges are expected to suffer from the conversion into the real - name system, local media report, citing that banks are reluctant to issue new accounts for them and they can no longer use existing corporate accounts.

Initially, local exchanges planned to prohibit foreigners from trading cryptocurrencies by January 20.

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.

Since trading prices of most cryptocurrencies in the South Korean market are at least 15 percent higher than global average prices, the government requested both cryptocurrency exchanges and banks to disable foreigners from trading cryptocurrencies in the local market.

From the beginning of 2016, a growing number of cryptocurrency enthusiasts have begun to invest in app coins, or local blockchain - based tokens, hoping to secure some short - term profits on cryptocurrency exchanges.

Last week, major cryptocurrency exchanges in the local market including Korbit and Bithumb announced that starting Jan. 30, anonymous traders will be prohibited from investing in the market.