Sentences with phrase «illegal trading in cryptocurrencies»
The South Korea Customs Service reported more than $ 600 mln of illegal trading in cryptocurrencies, promises to investigate in the future.
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«The government's basic rule is to prevent any illegal acts or uncertainties regarding cryptocurrency trade, while eagerly nurturing blockchain technology,» Hong Nam - ki, minister of the office for government policy coordination, said in a statement.
South Korea said on Wednesday it will take firm action against illegal and unfair acts in cryptocurrency trading after a petition with 280,000 signatures was sent to the presidential Blue House.
Law enforcement in Bangladesh is actively hunting down users of Bitcoin as the use and trading of the cryptocurrency is still illegal in that particular country.
However, despite having a somewhat lenient stance on the crypto - trade going around in the nation, the country has been very strict on anyone who has been evading their taxes or using cryptocurrencies for illegal purposes.
Bitcoin market have been experiencing a rather tumultuous drive since the last few weeks in Russian periphery following the arrest of three businessmen who were charged for engaging in illegal trading of $ 9 million worth cryptocurrency or 500 million rubles of Bitcoin.
South Korea will seek to increase transparency in cryptocurrency trading by stamping out illegal activities, the Blue House, the country's equivalent to the US White House, has said.
China in September clamped down on cryptocurrency trading by banning Initial Coin Offerings (ICOs), with a recent ruling from the People's Bank of China labelling them «illegal».
Kalra's point is an oft - repeated one in the industry, that excluding cryptocurrencies as «legal tender» doesn't necessarily make their trade and usage illegal.
Representatives of the Indonesian central bank and the national police force on the island have teamed up to investigate cases of cryptocurrency trading deemed illegal by authorities in Jakarta.
Cryptocurrency trading in the current climate is tough enough without being subjected to illegal liquidations.
As noted by ZDNet, «The Blue House, Korea's equivalent to the US White House, said the country will seek to increase transparency in cryptocurrency trading by stamping out illegal activities» — meaning it «will prioritize transparency in trading of virtual currency within the boundaries of the current law, and block illegal and unfair activities.»
Furthermore, starting from 1 January 2018, issuing, trading and using illegal means of payment, including bitcoin and other cryptocurrencies, may be subject to prosecution, as amended to the penal code of Vietnam in 2017.
«The government will now either come out with a legislative mechanism or make suitable amendment in existing legislation to ensure that dealing and trading in cryptocurrency is made illegal and to penalise entities and individuals who are involved in their trade and circulation.
South Korea will prioritise transparency in cryptocurrency trading by preventing illegal and unfair activities, the Blue House said in response to a petition asking for less regulation in the emerging industry.
India is planning steps to ensure cryptocurrencies are illegal within its payments system, while at the same time appointing a regulator to oversee unregulated exchanges that trade in «crypto assets,» a finance ministry official said on Monday.
Startup companies use ICOs, which are usually Ethereum - based, to raise capital money through the issuance of new cryptocurrencies or digital tokens that can be traded online are now officially illegal in China.
While cryptocurrency is technically illegal to own / trade in Iceland, there are still a number of large - scale, well - known mining operations throughout the country.
Illegal foreign currency trading of 472.3 billion formed the bulk of the cryptocurrency crimes, it said in a statement, but gave no details on what action authorities were taking against the rule breaches.
In January, South Korea made it illegal to use anonymous trading accounts to purchase cryptocurrency.
South Korea said on Wednesday it will take firm action against illegal and unfair acts in cryptocurrency trading after...
In June 2016, the U.S. Commodities Futures Trading Commission fined Bitfinex $ 75,000 for offering «illegal» cryptocurrency transactions and failing to register as a futures commission merchant.
Real estate has always been an attractive destination to park illegal wealth in India and it still tops the list of businesses that have taken refuge in the virtual world where faceless and stateless cryptocurrencies are traded in exchange for handsome returns, according to brokers contacted by Sputnik.
«The customs office added that it would continue to monitor the use of cryptocurrencies in cases like illegal currency trading or money laundering,» Reuters explained.