Sentences with phrase «local cryptocurrency market»

The Korean government is turning up its scrutiny on the burgeoning local cryptocurrency market to curb speculative investments in cryptocurrencies.

Japan's Financial Services Agency (FSA) is pressuring local cryptocurrency markets to delist privacy - centric altcoins like Monero, Zcash, and Dash.

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.

The agency will remain its negative stance towards the investor protection policies currently imposed on the local cryptocurrency market.»

Strict regulation of the market by the South Korean market will further stabilize the local cryptocurrency market.»

Previously, the South Korean government and its financial regulators were hesitant toward regulating the local cryptocurrency market, because doing so would provide legitimacy to the market.

After officially refuting the Justice Ministry's cryptocurrency trading ban proposal, the South Korean government has allocated significant resources to regulate the local cryptocurrency market and provide a more stable and robust infrastructure to investors within the market.

Starting this week, to counterbalance the mishandling of the false cryptocurrency trading ban by the Justice Ministry, the South Korean government and financial authorities have begun to regulate the local cryptocurrency market and businesses strictly.

In consideration of past events and the government's announcement that cryptocurrency trading ban will not implemented in the short - term, it is likely that the South Korean government will move towards regulating and fostering the local cryptocurrency market.

Coinsecure CEO Mohit Kalra also reassured investors within the local cryptocurrency market that the government is not banning cryptocurrencies and it exchanges will operate as usual.

In December, the South Korean government explained that it has decided to prohibit foreigners from trading cryptocurrencies within the local market to prevent overseas investors from taking advantage of the arbitrage opportunity in the local cryptocurrency market.

China has a new head for the People's Bank of China (PBoC), the country's central bank, which could positively affect the future of bitcoin and the local cryptocurrency market.

The South Korean government has started to focus on fostering and regulating the local cryptocurrency market to protect investors and ensure businesses have robust infrastructure to secure sensitive information.