Sentences with phrase «local financial regulator»

Bing explained that the suspension on ICOs and the government's declaration of ICOs as an illegal fundraising method are only temporary until local financial regulators introduce necessary regulatory frameworks and policies for both ICO investors and projects.

Bing holds the opinion that the ban shall be in place until regulatory policies and frameworks for both projects and ICO investors are introduced by local financial regulators which surely will serve as a bridge over troubled waters caused due to illegal money laundering and other associated activities which use ICO as a safe haven.

In his interview with CCTV translated by Box Mining, Bing explained that the suspension on ICOs and the government's declaration of ICOs as an illegal fundraising method are only temporary, until local financial regulators introduce necessary regulatory frameworks and policies for both ICO investors and projects.

On September 15, the Chinese government and local financial regulators officially requested Chinese exchanges and trading platforms to shut down by the end of September.

UK and Malaysian financial regulators have issued statements suggesting that many ICO token sales may fall under the jurisdiction of local financial regulators, and highlighting the risks associated with ICO investment.

Local financial regulators clarified that they do not intend to ban bitcoin as a whole and some analysts in Beijing expect the bitcoin exchange ban to be temporary until the PBoC releases a licensing program for trading platforms.

Some speculate that if Chinese President Xi Jinping becomes re-elected in November of 2017, President Xi, who is widely known as an avid advocate for free markets, could indirectly encourage local financial regulators to re-enable bitcoin trading and other cryptocurrency - related activities such as ICOs.

OKCoin and Huobi, two of the largest bitcoin exchanges in China that have been responsible for around 75 percent of bitcoin trades in the Chinese market, were given leeway by local financial regulators to operate until the end of October.

It has a license from the local financial regulator, the Cyprus Securities and Exchange Commission (CySEC).

Leading bitcoin exchanges in China such as OKCoin, BTCC and Huobi have expressed their skepticism toward the initial report of a bitcoin exchange ban, because they have strictly complied with every request and regulation established by PBoC and local financial regulators.

There's more talk about regulation from Abu Dhabi, where the local financial regulator is considering embracing regulations for the cryptocurrency industry, per CCN.

However, the local financial regulator has no love for

However, the local financial regulator has no love for initial coin offerings.