Sentences with phrase «in cryptocurrency trading in the country»

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.

Not exact matches

DUBAI, April 28 - Iran has developed an experimental local cryptocurrency, a government minister said on Saturday, days after the country's central bank banned trading in digital currencies including bitcoin.

The South Korean Fair Trade Commission is conducting in - person investigations into 13 of the country's leading cryptocurrency exchanges.

Thailand's central bank has instructed financial institutions in the country not to engage in a variety of practices relating to cryptocurrency, including investing in them and facilitating their trade.

A Japanese financial watchdog has apparently pushed cryptocurrency trading platforms operating in the country to stop allowing customers to trade in several privacy coins.

The cryptocurrency exchange Kraken sent an email on April 17 to its Japan - based clients informing them that, starting on a yet - to - be-announced date in June, residents of the country will no longer be allowed to trade digital assets on the platform.

Banks in Chile have closed the accounts for three of the country's cryptocurrency trading platforms, sparking fears of an outright blanket ban in South America's wealthiest nation.

The issuance of new cryptocurrencies, which were banned in South Korea six months ago, has returned to the country via overseas listings for local trading.

The other thing the report touched is the lack of definitive regulation around cryptocurrency trading in the country.

DUBAI (Reuters)- Iran has developed an experimental local cryptocurrency, a government minister said on Saturday, days after the country's central bank banned trading in digital currencies including bitcoin.

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.

«No Intention To Ban» In comments Wednesday quoted by Reuters, finance minister Kim Dong - yeon, who earlier in January said that a shutdown was still a possibility, finally ended apprehension surrounding the future of cryptocurrency trading in the countrIn comments Wednesday quoted by Reuters, finance minister Kim Dong - yeon, who earlier in January said that a shutdown was still a possibility, finally ended apprehension surrounding the future of cryptocurrency trading in the countrin January said that a shutdown was still a possibility, finally ended apprehension surrounding the future of cryptocurrency trading in the countrin the country.

On Thursday, January 11, 2018, reports from South Korea indicated that some of the nation's authorities are planning a ban on cryptocurrency trading in the country.

We assess that as South Korea responds to these attempted thefts by increasing security (and possibly banning cryptocurrency trading) they will become harder targets, forcing North Korean actors to look to exchanges and users in other countries as well.

Iran has developed an experimental local cryptocurrency, a government minister said on Saturday, days after the country's central bank banned trading in digital currencies including bitcoin.

Japanese cryptocurrency traders exceed 3 million: Japan is one of the most crypto - friendly countries out there with more than 3 million Japanese trading in cryptocurrency according to the latest figures from its Financial Services Agency (FSA).

Giving no quarter to cryptocurrencies: While China may be relaxed on blockchain research and implementation through their national system, it is tightening controls over cryptocurrency traded in the country.

The trend of bitcoin is gaining momentum in all the countries of the world and users worldwide are interested to trade in this growing cryptocurrency.

This was followed by the country instructing government officials to declare their cryptocurrency investments, which was later followed by a regulation stating they can no longer be involved in cryptocurrency trade.

Available in most of the countries, Bittrex is the leader in trading volume and cryptocurrencies listed on the market.

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.

In countries like South Korea, the cryptocurrency was traded at premiums closer to $ 4,000.

The Bitcoin Exchange and Trading Services (cryptocurrency and a digital payment system) industry is indeed a large internet based industry and pretty much active in countries such as United States of America, United Kingdom, France, Italy, Nigeria, South Africa Japan, China, Germany, and Canada et al..

In comments Wednesday quoted by Reuters, finance minister Kim Dong - yeon, who earlier in January said that a shutdown was still a possibility, finally ended apprehension surrounding the future of cryptocurrency trading in the countrIn comments Wednesday quoted by Reuters, finance minister Kim Dong - yeon, who earlier in January said that a shutdown was still a possibility, finally ended apprehension surrounding the future of cryptocurrency trading in the countrin January said that a shutdown was still a possibility, finally ended apprehension surrounding the future of cryptocurrency trading in the countrin the country.

With the exception of Bithumb, the largest cryptocurrency exchange in South Korea, which is also the second biggest trading platform in the global cryptocurrency market, the majority of cryptocurrency exchanges in the country have been fined by South Korea Communications Commission (KCSC).

The last two months in India has seen Bitcoin trading go down by about 90 percent, with most of the repercussions being felt by cryptocurrency exchanges in the country.

While this is good news for digital currency investors in the country, India could quickly follow China's footsteps and forcefully shut down all exchanges, effectively stomping out the easiest way for most investors to trade cryptocurrencies.

However, given Ripple's massive following in the South Korean market and the large daily trading volumes of XRP on UpBit and Bithumb, two of the country's largest cryptocurrency trading platforms, it is highly unlikely that the market valuation of Ripple would fall below $ 40 billion.

Back in October of last year, Taiwan central bank governor Perng Fai - nan supported regulating cryptocurrency, stating that Bitcoin trading should be added into Taiwan's notification system for money laundering prevention law in a potential move similar to Japan that would legitimize cryptocurrency in the country.

However, Russia is now drafting a bill to allow cryptocurrency trading on permitted platforms in the country in the future.

In other words, the country's Financial Services Commission (FSC), Financial Supervisory Service (FSS) and the Korea Financial Intelligence Unit (KoFIU) want to make sure that cryptocurrency investment and trading comes under the umbrella of traditional financial structures, rather than remaining on a decentralized, anonymized platform which prompted the growth of Bitcoin.

Tighter Cryptocurrency Regulations The South Korean government was the cause of major turmoil in the global cryptocurrency market as rumors spread that they were planning to ban cryptocurrency trading acrosCryptocurrency Regulations The South Korean government was the cause of major turmoil in the global cryptocurrency market as rumors spread that they were planning to ban cryptocurrency trading acroscryptocurrency market as rumors spread that they were planning to ban cryptocurrency trading acroscryptocurrency trading across the country.

A number of countries with large cryptocurrency markets — in terms of private exchanges and individuals who trade on them — have been considering regulation of the industry.

When South Korean regulators threatened to curb the trade of cryptocurrencies in the country, bitcoin and ripple dropped by up to 13 %.

And although there was some market clamor in September when China banned initial coin offerings (ICOs) and moved to shut down crypto exchanges in the country, the market for cryptocurrency trading has diversified significantly, and as such, the markets took far less time to recover.

The vice governor of China's central bank is reportedly seeking a wider ban on services related to cryptocurrency trading in the country.

With the decree in place, cryptocurrency business activities, initial coin offerings (ICOs), smart contract issuances, exchange services and cryptocurrency are all legal in the country, with no restrictions in storing issuing or trading digital tokens.

The alleged insider trading is said to have occurred prior to Korean regulators announcing new rules on cryptocurrency trading in the country - a move that has been, at least in part, linked to the recent slump in prices across the crypto markets.

OKCoin, BTCC China, and Huobi, the three leading cryptocurrency exchanges in the Chinese market which had accounted for nearly 90 percent of the country's daily trading volume, rebranded as OKEx, BTCC, and Huobi Pro.

The South Korean government was the cause of major turmoil in the global cryptocurrency market as rumors spread that they were planning to ban cryptocurrency trading across the country.

In 2018, cryptocurrencies like bitcoin will be utilized for international trade on a moderate basis because the high returns as an investment will encourage a «hold» strategy for G7 countries.

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.

The National Bank of Kazakhstan wants to ban all trading and mining of cryptocurrencies in the country.

It has been reported that the agency is in conversation with the biggest international technology companies for finding out an effective method of tracking cryptocurrency trading for taxation purposes in the country.

News The Financial Services Authority of Japan has imposed penalties on three cryptocurrency exchanges following inspections of trading platforms in the country.

Markets and Prices The team behind the troubled Japanese cryptocurrency exchange Coincheck has decided to sell the company to one of the largest securities trading companies in the country.

Ripple News Update At a recent conference in South Korea, leaders of the country's cryptocurrency exchanges — which account for more than 47 % of XRP trading activity — said they were considering self - regulating before government officials can take a more aggressive approach.

Regulations vary by country and also by your type of involvement in cryptocurrencies (mining, trading, receiving payment, investing etc..)

On Monday, media reported that Chinese authorities were considering further reinforcement of its regulation framework banning both domestic and foreign cryptocurrency trading platforms in the country, several months after Beijing's crackdown on initial coin offerings (ICOs) in September.

«If trade in bitcoin intensifies with no resolution to the country's currency woes, we could witness the central bank and government revise its position by taking on a more active role in cryptocurrency trading.