Sentences with phrase «government on a cryptocurrency exchange»

That comes as Bitcoin was reportedly banned by the Chinese government on cryptocurrency exchanges — leading the digital coin down from its all - time high of about $ 5,000.

This incident marks the very first regulatory raid by the Japanese government on a cryptocurrency exchange.

Nonetheless, with the recent crackdown by the Chinese government on cryptocurrency exchanges and its regulations, we are only left with the option of waiting to see whether the government will enable a conducive environment for the coin.

Not exact matches

The country's prime minister has said that cryptocurrencies might corrupt the nation's youth, while the government warned in December that it would be conducting on - site investigations of exchanges.

The crackdown on Seoul - based operators of some of the world's busiest virtual currency exchanges comes as the government attempts to calm frenzied demand for cryptocurrency trading in Asia's fourth largest economy.

In the fall, the Chinese government clamped down on the frenzy by banning initial coin offerings, or ICOs, and by tightening controls on cryptocurrency exchanges.

Bitcoin was 10.47 percent lower at $ 13,332.24 on the Luxembourg - based Bitstamp exchange after South Korea's government said it plans to ban cryptocurrency trading.

According to a statement obtained by Reuters, the South Korean government plans on banning minors (young people, not those who mine) from opening accounts with cryptocurrency exchanges.

South Korea's government announced that it may still go on to ban the trading of cryptocurrencies on exchanges, following apparently conflicting reports on the matter days earlier.

According to a press release issued jointly by several South Korean government agencies on December 20, the country's Fair Trade Commission (FTC) has sent representatives on a three - day «field survey» of the country's 13 «major» cryptocurrency exchanges.

One source — it's unclear whether he is the same source who provided the above quote — said that other measures, such as value - added and capital gains taxes on cryptocurrency trades and corporate taxes on exchanges, are also being discussed in government circles.

After Japan's second largest cryptocurrency exchange, Coincheck, was hacked, the Japanese government began to place even more emphasis on security measures for the cryptocurrency market.

Investors and exchanges in South Korea were bracing themselves for what was understood as a potential government - issued ban on cryptocurrency trading; but conflicting reports from different parts of the government are now surfacing, leaving the global community rocking on its heels.

As South Korean exchanges harden their networks and the government imposes stricter regulatory controls on cryptocurrencies, exchanges and users in other countries should be aware of the increased threat level from North Korean actors.

The Japanese government is slapping penalties on several cryptocurrency exchanges in the country, after 58 billion yen ($ 530 million) of virtual coins were lost earlier this year from hacking.

Following raids on crypto exchanges, the South Korean government said Monday (Jan. 15) that it will make a decision on a cryptocurrency...

South Korea's government said on Thursday it plans to ban cryptocurrency trading, sending bitcoin prices plummeting and throwing the virtual coin market into turmoil as the nation's police and tax authorities raided local exchanges on alleged tax evasion.

China's second - and third - largest cryptocurrency exchanges Huobi and OKCoin have delayed their planned launches in Korea amid the tightening of government regulations here, according to industry sources on Jan. 3.

The US government insists that any business exchanging cryptocurrency with US customers must be licensed as a «money services business» on the grounds that it could be used for funds transmission and thereby (like a bank) for «money laundering.»

By not dealing with fiat currencies, it allows investors to readily exchange their cryptocurrency assets for other cryptocurrencies while isolating themselves from any pressure the government could put on them through the banking system.

The government has also signalled that it may start taxing cryptocurrency transactions, which would put it in a small group of countries that levy tax on cryptocurrency - cash exchanges.

Once you verify your account on the exchange using your government - issued ID documents, you can start to buy and sell cryptocurrencies.

Two cryptocurrency exchanges from Chile are reportedly calling on the government's regulatory association to clarify its position on the crypto industry.

However, while it appears that the exchanges have won the battle, the war is still on - and the fear in the markets is that the governments might outlaw cryptocurrencies and issue a blanket ban on them in the nation.

In the last few days, South Korea's Finance Supervisory Service (FSS) has signalled the government's co-operation in plans for self - regulation; the Swiss Financial Market Supervisory Authority (FINMA) has announced it is to treat some cryptocurrency offerings as securities; the Securities and Exchange Commission of Zambia has issued a public notice on cryptocurrencies; and Spain is reportedly drafting legislation that will help attract cryptocurrency and blockchain companies to the country.

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.

The price falls of bitcoin and other major cryptocurrencies — like ethereum, litecoin and ripple — have been attributed to a variety of factors, including news reports in South Korea and China about increased government regulation on exchanges, as well as the closure of the popular crypto platform Bitconnect.

The government plans to require cryptocurrency exchanges to share users» transaction data with banks, in a potential move to impose taxes on the transactions, an official at financial authorities said on Jan. 21.

On 3rd April, 2018, the Australian government fabricated new set of legislative guidelines for cryptocurrency exchanges.

Those statements were walked back by the presidential office (The Blue House) later in the day, when a spokesperson relayed that the government has not yet decided on shutting down cryptocurrency exchanges.

China's second - and third - largest cryptocurrency exchanges Huobi and OKCoin have delayed their planned launches in Korea amid the tightening of government regulations here, according to industry sources on Jan. 3.

on Monday, January 15, 2018, that the Chinese government is escalating its crackdown to include domestic cryptocurrency trading by planning to block access to online platforms, exchanges, market - makers and mobile application platforms that cater to Chinese citizens.

The final straw for the China thesis were reports on Monday, January 15, 2018, that the Chinese government is escalating its crackdown to include domestic cryptocurrency trading by planning to block access to online platforms, exchanges, market - makers and mobile application platforms that cater to Chinese citizens.

But before people jump to conclusions about the dangers of anonymous wealth, it's important to remember governments can subpoena account information on third - party platforms and cryptocurrency exchanges like Coinbase.

Ajeet Khurana, head of the Blockchain and Cryptocurrency Committee of the Internet and Mobile Association of India (IAMAI), told the Economic Times that the group (which counts seven cryptocurrency exchanges among its members) plans to submit a proposal to the government, in which the concerned agencies will be able to look up purchase data for all buyers and sellers on domestic exchanges and trace their activity through their Aadhaar ID or Permanent Account Cryptocurrency Committee of the Internet and Mobile Association of India (IAMAI), told the Economic Times that the group (which counts seven cryptocurrency exchanges among its members) plans to submit a proposal to the government, in which the concerned agencies will be able to look up purchase data for all buyers and sellers on domestic exchanges and trace their activity through their Aadhaar ID or Permanent Account cryptocurrency exchanges among its members) plans to submit a proposal to the government, in which the concerned agencies will be able to look up purchase data for all buyers and sellers on domestic exchanges and trace their activity through their Aadhaar ID or Permanent Account Numbers (PAN).

Reuters reported Justice minister Park Sang - ki said the government is preparing a bill to ban cryptocurrency trading on domestic exchanges.

Other items on his agenda included having all local cryptocurrency exchanges and services register with the government and also abide by the Know - Your - Customer requirements by the end of 2019.

The timing of the launch comes at a time when the nation's government has issued restrictions on cryptocurrency trading activities and is mulling a harsher crackdown on exchange - based trading.

China's central bank is conducting research to issue the country's own sovereign digital currency, a move in parallel with similar efforts ongoing in Russia, even as the government has doubled down on banning the use and exchange of bitcoin and other cryptocurrencies.

On last Thursday, Bitcoin Price took a 4 % fall as a result of Japanese Government implementing stringent regulations on popular cryptocurrency exchange BinancOn last Thursday, Bitcoin Price took a 4 % fall as a result of Japanese Government implementing stringent regulations on popular cryptocurrency exchange Binancon popular cryptocurrency exchange Binance.

Bitcoin and the whole cryptocurrency industry has taken quite a hit with a surprising ban on large exchange trading issued by the Chinese government.

Kim went on to say that South Korea's customs service has been «closely looking at illegal foreign exchange trading using cryptocurrency» as part of the government's recently established crypto task force.

Likewise, it's not clear which exchanges are in active talks with the Maduro government, though a report by regional news source Panorama on Feb. 21 quoted Maduro as saying that 36 of «the main cryptocurrency exchange houses in the world» are working with the government there.

And in an effort to curb cryptocurrency speculation, the authorities are working on increased oversight of exchanges (which could include a licensing scheme), although the governor of the Financial Supervisory Service has said the government will support «normal» cryptocurrency trading.

Most of the countries» governments are taking stringent measures to impose ban on the use of cryptocurrency exchanges and ICO's.

It suggests that the cap will exist at the outset, under the auspices of Venezuela's cryptocurrency superintendency, before going on to say that the government may modify the limit after the first 90 days of the exchanges» operations.

Still, the document offers a window into the Venezuelan government's thinking on exchange oversight and how it might build an ecosystem around its cryptocurrency.

For example, in January 2018 the South Korean justice minister said the government might ban cryptocurrency trading on domestic exchanges.

As South Korean exchanges harden their networks and the government imposes stricter regulatory controls on cryptocurrencies, exchanges and users in other countries should be aware of the increased threat level from North Korean actors.

South Korea's justice minister says the government is preparing to ban cryptocurrency trading on domestic exchanges.