Sentences with phrase «from trading cryptocurrencies»

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.

He added that for many years, Coinbase has had a policy in place that prevents employees, their families, and friends from trading cryptocurrencies on material nonpublic information.

Earlier this month, the FSC, the Fair Trade Commission (FTC) and the Financial Supervisory Service (FSS) advised their employees to refrain from trading cryptocurrencies during work hours, Yonhap noted.

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

In December, the South Korean government explained that it has decided to prohibit foreigners from trading cryptocurrencies within the local market to prevent overseas investors from taking advantage of the arbitrage opportunity in the local cryptocurrency market.

However, at the beginning of 2017, the country's central bank stopped mainland exchanges from trading cryptocurrencies with the national tender the renminbi.

Korean officials rounded off the month of January by announcing on January 23, 2018, that anonymous accounts would be banned from trading cryptocurrencies as of January 30, 2018.

The government wants full identification and also plans to impose a ban on minors and foreigners from trading cryptocurrencies so this should not be mistaken for a complete ban on all cryptocurrency related activities.

Thus, it is far - fetched to claim that the prohibition of foreigners from trading cryptocurrencies in the local market caused the global cryptocurrency market to experience a minor correction.

Given that it is not appropriate for a government official to trade cryptocurrencies, the agency will encourage its employees to prevent from trading cryptocurrencies in the short - term.»

This, among other things, means that from January 20, South Korea will be banning foreigners and underage investors from trading cryptocurrencies.

Disallow foreigners and underaged investors from trading cryptocurrencies Properly regulate cryptocurrency exchanges as legitimate financial service providers.

Given that it is not appropriate for a government official to trade cryptocurrencies, the agency will encourage its employees to prevent from trading cryptocurrencies i the short - term.»

In addition to restricting certain customers from trading cryptocurrencies, the exchanges have stopped issuing new virtual accounts in accordance with the regulators» real - name requirements.

Elsewhere, the Bank of Korea (the country's central bank), the Financial Supervisory Service (the financial watchdog) and the Fair Trade Commission (the regulator for economic competition), have all banned their employees from trading cryptocurrencies during work hours, urging them to trade during their off - duty hours instead.

The uncertainty and potential negative regulatory impacts have now been cited as the cause for marketwide sell - offs on Red Tuesday as well as on January 30, 2018, when Korean officials began enforcing a January 23, 2018, rule disallowing anonymous accounts from trading cryptocurrencies.

A recent article by Trustnodes reported that one of South Korea's major cryptocurrency exchanges, Korbit, would ban foreign residents from trading cryptocurrencies.

Several South Korean exchanges have announced that they will ban foreign residents from trading cryptocurrencies.

The Northern European financial services group Nordea recently announced it is banning employees from trading cryptocurrencies privately, using their own money.

Sweden's Financial Supervisory Authority will not take any action in response to a Scandinavian bank's recent decision to ban its employees from trading cryptocurrencies, even when they are off the clock.

This is the advantage you get from trading cryptocurrency off of the Dank Signals brokerage platform.

Not exact matches

Money is sent from wallets, which store cryptocurrencies, to other wallets or an exchange, where people trade cryptocurrencies.

The investments are separate from the $ 9.1 billion hedge fund firm, and Brevan Howard does not trade cryptocurrencies, said the people.

The system only allows exchanges that have applied for a license, known as a «Bitlicense,» from New York State's Department of Financial Services to trade cryptocurrencies.

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.

London - headquartered Revolut began as a no - fee foreign exchange card, linked to an app, but has rapidly expanded to offer everything from travel insurance and property investment to cryptocurrency trading.

Cryptocurrencies traded using an online exchange or bought with funds from a bank account can be easier to trace and value.

Rules from South Korea around cryptocurrency trading are a welcome development, Bitspread Founder and CEO Cedric Jeanson tells CNBC.

The Dutch family of five is in the process of selling pretty much everything they own — from their 2,500 - square - foot house, to their shoes — and trading it in for the popular cryptocurrency.

A head of the European Union's watchdog said a short - term strategy could be to focus on applying anti-money laundering and terrorist financing rules, warning consumers of the risk of trading in cryptocurrencies and preventing banks from holding them.

«But, the government is still divided with many opinions ranging from an outright ban on cryptocurrency trading to bringing the institutions that handle the currency into the system,» Hong said, adding that the government will thoroughly review the industry within global norms.

Since then, the value of the cryptocurrency has come off its all - time highs and trades for around C$ 13,000, but remains up significantly from where it was a year ago.

Autonomous NEXT recorded a record high of 226 global hedge funds focused on trading cryptocurrencies, up from 110 global hedge funds as of October 18.

At least 3.5 million people were trading cryptocurrency on Japan's 17 domestic exchanges as of the end of March this year, according to Coindesk's translation of statistics from the country's Financial Services Agency (FSA).

LONDON — Online trading platform Plus500 raised its profit forecasts for the year on Wednesday, saying it has benefitted from the booming popularity of cryptocurrencies like bitcoin.

South Korea, on the other hand, has implemented rules that allow cryptocurrency trading only from real - name bank accounts.

The fog of frenzied cryptocurrency trading looks like it may soon dissipate, leaving markets and society with more of the good that's resulted from its foundational technology — frictionless, secure, and efficient virtualized transaction settlements — and less of the bad — highly speculative cryptocurrency trading.

While in South Korea for the Winter Olympics, CNBC's Carl Quintanilla takes a look at the surge in cryptocurrency trading in the country and what regulations could come from the government.

Chinese bitcoin exchange BTCChina said on Thursday that it would stop all trading from Sept. 30, setting off a further slide in the value of the cryptocurrency that left it over 30 percent away from the record highs it hit earlier in the month.

A Colorado legislator has introduced a measure to the House of Representatives that would define as gross income gains worth over $ 600 from the sale or trading of cryptocurrency.

The South African government's tax collection agency is taking steps to better understand the ways and means of cryptocurrency trading, apparently eying tax revenue from digital asset holders.

The bank also warned these entities against offering cryptocurrency - related investment or trading advice to clients, and banned them from allowing customers to purchase digital assets with credit cards.

Big Money Movers As signs of life from Bitcoin begin to make waves in the broader cryptocurrency market, the amount of high - volume, off - exchange trades is starting to pick up.

The country's regulators may institute a capital gains tax on cryptocurrency and prevent youngsters from signing up for trading platforms.

Nevertheless, the bank received enough interest from hedge funds, endowments, and other institutional investors that its board of directors voted to approve the move that will see it become the first major US bank to use its own funds to trade cryptocurrencies or cryptocurrency derivatives.

Earlier in March, it was revealed that South Korea's government had banned all its officials from holding and trading cryptocurrencies.

Trading volume for Bitcoin and other cryptocurrencies may be down from its all - time highs, but the action for big - money, over-the-counter traders is starting to pick up.

While retail investors may be eligible to waive the VAT if they are trading through a cryptocurrency exchange after the law goes into effect, they will still face the liability if they have no capital gains from crypto trading, according to the Post.

So make absolutely sure that you fully understand the risks associated with trading cryptocurrencies and possibly get advice from an independent, competent person or organization before you start trading.

Global banking giant Goldman is setting up up a trading desk focused on bitcoin and other cryptocurrencies, according to a report from Bloomberg.