Sentences with phrase «illegal trading of cryptocurrency»

The FSS promised to make publicly available all findings on the case of illegal trading of cryptocurrency by its staff members.

Choi Heung - sik, governor of the FSS, said the regulator — an executive arm of the Financial Services Commission — will make public any findings on the allegations of illegal trading of cryptocurrency by one of its staff members.

The South Korean Financial Supervisory Service (FSS) has already started an investigation of this case and promised to make all findings on the case of illegal trading of cryptocurrency by its staff members publicly available.

Choi Heung - sik, governor of the FSS, said the regulator - an executive arm of the Financial Services Commission - will make public any findings on the allegations of illegal trading of cryptocurrency by one of its staff members.

Not exact matches

«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.

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.

The regulator added that cryptocurrencies currently only trigger potentially harmful side effects such as market manipulation, fraud, heightened speculative trading, illegal practices of capital funds raising, and cybercrimes associated with cryptocurrency theft.

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.

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».

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.

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.

As per the latest reports coming from China, the top authorities of National Internet Finance Association (NIFA) has issued a serious warning for illegal cryptocurrency trading activities.

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.

Customs service has been closely looking at illegal foreign exchange trading using cryptocurrency as part of the government's task force.

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.

«[The] Customs service has been closely looking at illegal foreign exchange trading using cryptocurrency as part of the government's task force,» a statement announced.

While the majority of the ministries continue to support cryptocurrency activities, the South Korean government is doing its best to prevent illegal trading proceedings.

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.

Reuters further explained, «Illegal foreign currency trading of 472.3 billion formed the bulk of the cryptocurrency crimes, Customs said, but gave no details on what action authorities were taking against the rule breaches.»

«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.

The South Korea Customs Service reported more than $ 600 mln of illegal trading in cryptocurrencies, promises to investigate in the future.

As it turns out, despite Jaitley's insistence on the illegal status of cryptocurrencies, his speech didn't include anything that would make crypto trading legally unacceptable.This ambiguity has empowered businesses like Unocoin, Zebpay and other crypto exchanges operating within the country to go about their business as usual.

v3.co.uk - Asia has been the epicentre of the 2017 - 18 cryptocurrency craze South Korea won't be banning cryptocurrency trading after all, the country's finance minister has confirmed, despite claiming to have uncovered «illegal trades» worth around $ 600 million.