Sentences with phrase «local cryptocurrency»

On local cryptocurrency exchanges, investors still can use conventional means of payments such as bank transfers and wiring to invest in the cryptocurrency market.
The Korean government is turning up its scrutiny on the burgeoning local cryptocurrency market to curb speculative investments in cryptocurrencies.
However, this might be one of the safest peer - to - peer local cryptocurrency exchanges with a reliable escrow service and encrypted communications.
Officials will also work with residents and local cryptocurrency miners over the next 18 months on the power issues.
News of the ban follows the raiding of local cryptocurrency exchanges by police and tax authorities over alleged tax evasion, as one of the key nations...
«Various scenarios such as the imposition of value - added tax, a capital gains tax, or both on trade; and the collection of corporate tax from local cryptocurrency exchanges, as well as the initiation of authorized exchanges with licenses are being discussed,» mentioned the second supply.
Earlier this week, there were reports that South Korea would begin enforcing corporate tax legislation on local cryptocurrency exchanges from the end of March 2018, requiring local exchanges to pay up to 22 % in corporate taxes by the end of March and 2.2 % in local income tax by the end of April, on 2017 earnings.
«Pantera Capital is staunchly committed to investing in local cryptocurrency exchanges across the globe because any regional market thrives on local leadership.»
Kraken pulled out of the New York market in 2015, Powell tweeted, after the state instituted the so - called BitLicense, which many local cryptocurrency businesses must obtain.
Thanks to a surge in optimism surrounding the cryptocurrency, the price of bitcoin shot as high as $ 5,855 early Friday, up 96 % since news that China was banning local cryptocurrency exchanges broke mid-September.
According to data collected by the Korean government, sales by local cryptocurrency exchange operators soared approximately 88-fold in 2017 compared to the previous year.
He also had the objective of promoting «Genesis Block» his trading startup which aims to deal with local cryptocurrency meet - ups, Over-the-counter sales, day trading and night time lectures.
After a lot of speculation for fishy trading activities going within the decentralized cryptocurrency world, financial regulatory bodies across the globe are working towards introducing regulatory frameworks for local cryptocurrency trading platforms and 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.
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.
Since 2013, when local cryptocurrency exchanges became operational, there has been growing...
As Cointelegraph reported, South Korea's Deputy Prime Minister and the Minister of Strategy and Finance Kim Dong - yeon announced that the government is actively investigating into methods of providing local cryptocurrency and Bitcoin investors with consumer protection, implementing stricter Know your Customer (KYC) and Anti-Money Laundering (AML) policies, and protecting customer assets.
Many investors, especially traders outside of the South Korean cryptocurrency exchange market, remain curious as to why local cryptocurrency exchanges like Bithumb and Korbit only list a few cryptocurrencies at a time.
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.
Japanese regulators are inspecting local cryptocurrency exchanges after Coincheck lost the equivalent of more than $ 500 million in digital currency to hackers in January.
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.
Japan's Financial Services Agency (FSA) is pressuring local cryptocurrency markets to delist privacy - centric altcoins like Monero, Zcash, and Dash.
Dbrain is a blockchain platform that labels data and builds AI apps, complete with their own local cryptocurrency, called the...
While local cryptocurrencies will have their roots planted firmly within a community, they may also be used and traded globally.
In a bid to boost cryptocurrency adoption in the Southern Africa nation, Golix — Zimbabwe's only local cryptocurrency exchange platform — has added bitcoin gold (BTG) and ether (ETH) to its trading platform.
That comes after the price of bitcoin shot as low as about $ 3,000 in mid-September, after Chinese authorities shuttered local cryptocurrency exchanges, while J.P. Morgan CEO Jamie Dimon dubbed bitcoin a «fraud.»
Speaking to Bloomberg, senator and Speaker of Parliament Kenneth Kedi revealed members voted to pivot away from its current fiat currently — the US dollar, toward an official local cryptocurrency.
South Korean police and tax authorities also raided the 2 of the biggest local cryptocurrency exchanges on allegations of tax evasion.
There will also be larger convention - style gatherings at the offices of two prominent local cryptocurrency companies, which will have free Bitcoin beer from the Lightning - enabled brewery and a Bitcoin food truck waiting outside.
The embracive stance toward blockchain technology is in stark contrast to China's crippling curbs against local cryptocurrency markets which has seen initial coin offerings (ICOs) outlawed and crypto exchanges phased out to effectively shutter domestic trading markets.
According to Korean news agency Yonhap, the government is turning up its scrutiny on the burgeoning local cryptocurrency market to curb speculative investments in cryptocurrencies.
Korea Joongang Daily added, «Shinhan Bank notified major local cryptocurrency exchanges such as Bithumb and Korbit that they should come up with measures to get rid of existing anonymous accounts.»
Similar motives guide another project presented by local cryptocurrency startup BitOasis.
After South Korean law enforcement agencies raided the offices of local cryptocurrency exchanges to investigate alleged tax evasion last week, various government bodies including the official residence of the President announced that trading wouldn't be banned in the country the next day.
Such a move by the Australian government instills some confidence in local cryptocurrency investors and shows that the government is serious to promote upcoming financial technologies in the country.
Stories about SEC demanding online tradition platforms to be regulated as exchanges and Japanese regulators coming down heavily on local cryptocurrency operators sent most virtual coins below crucial support levels.
Bitcoin slumped as South Korea's justice minister reiterated his proposal to ban local cryptocurrency exchanges, fueling concern that a government crackdown will erode one of the world's biggest sources of demand for digital currencies.
It will collaborate with local cryptocurrency exchanges to ensure that money laundering and fraudulent activities using cryptocurrencies do not occur in the local market, according to KFIU.
Mark Smargon (Tel Aviv) is the co-founder and CEO of Colu, a company that is offering technological solutions for local cryptocurrencies.
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.
«Various scenarios such as the imposition of a value - added tax, a capital gains tax, or both on trade; and the collection of corporate tax from local cryptocurrency exchanges, as well as the initiation of authorized exchanges with licenses are being discussed.»
Since 2013, when local cryptocurrency exchanges became operational, there has been growing enthusiasm for bitcoin spurred by the belief that cryptocurrency is an excellent way of safeguarding value.
Six major South Korean banks including Shinhan Bank, the second largest bank in the country, will officially begin providing local cryptocurrency exchanges with virtual bank accounts.
Many investors, especially traders outside of the South Korean cryptocurrency exchange market, remain curious as to why local cryptocurrency exchanges...
A KCSC spokesperson told Yonhap stated that the penalties received by local cryptocurrency exchanges are «far too small,» and the KCSC is aware of it.
SEJONG, Feb. 18 (Yonhap)-- Sales of local cryptocurrency exchange operators are presumed to have soared more than eightyfold in 2017 compared with a year earlier, data showed Sunday.
«Last week, at a joint meeting to review the progress of the (local cryptocurrency) project, it was announced that the experimental model was ready,» Azari - Jahromi added.
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.
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