Sentences with phrase «into local cryptocurrency exchanges»

According to Yonhap News, a South Korean mainstream media outlet, KCSC alongside the Ministry of Science, Technology, and Information, and the South Internet Development Agency launched a full investigation into local cryptocurrency exchanges from October 10 to December 28 in 2017.

Consequently, on January 31, it is likely that a massive amount of Korean won will flow into the local cryptocurrency exchange market.

The entrance of GMM into the local cryptocurrency exchange market of Japan will lead to a broader distribution of trading volumes, which is better for the market and for the investors.

Not exact matches

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 recent ban on initial coin offering (ICO), a cross-between crowdfunding and initial public offering, has forced local cryptocurrency exchanges into stricter self - scrutiny about their supervision mechanisms.

«The cryptocurrency approach shares the work with other companies because the actual exchange of local currency into or out of the cryptocurrency can be done by an exchange,» says Rosedale.

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South Korean law enforcement agencies are raiding local cryptocurrency exchanges to look into tax evasion, while the government is simultaneously considering banning the trade of virtual currencies there, reports Reuters.

Seoul previously said that it is considering shutting down local cryptocurrency exchanges, which threw the market into turmoil and hammered bitcoin prices.

Last year, Indian cryptocurrency exchanges assisted local enforcement in investigating into a bank theft that led to the loss of millions of dollars.

Small and medium - sized cryptocurrency exchanges are expected to suffer from the conversion into the real - name system, local media report, citing that banks are reluctant to issue new accounts for them and they can no longer use existing corporate accounts.