Sentences with phrase «of local cryptocurrency»

But, ultimately, due to strict capital controls, it is not possible for foreign traders to move South Korean won out of the local cryptocurrency sector.

The Israeli Supreme Court reached a decision today in support of local cryptocurrency exchange Bits of Gold.

However, it did not prevent the birth of the local cryptocurrency — auroracoin, whose creator bears the pseudonym Baldur Friggjar Óðinsson derived from Scandinavian mythology.

Both, however, have been criticized by members of the local cryptocurrency community and it is unlikely that these projects will raise a notable amount of funds during their token sales.

While the cash - reliant country is facing stern regulations, participants of the local cryptocurrency industry do not believe India can «ban» cryptocurrencies through regulations in the same way China has.

Bitcoin firm igot has expanded to Kenya following the acquisition of a local cryptocurrency exchange and integration with a mobile payments platform.

This is the first time employees of a local cryptocurrency business have been detained in South Korea.

So far, the only attempts to bring it to a halt were in China and South Korea (SK restricted new account creation for a few weeks, but have now allowed them), where national government ordered the shutdown of local cryptocurrency exchanges.

According to Reuters, officials from the National Tax Service raided the offices of both local cryptocurrency exchange Coinone and Bithumb, which is the second largest virtual currency operator in the country.

A major bank in Thailand has reportedly terminated the bank account of a local cryptocurrency exchange, following an announcement by the central bank prohibiting financial institutions from...

Regulation While some governments say they see the potential future benefits of a local cryptocurrency hub, more...

Two examples of local cryptocurrencies that have had some success are SIBCoin and AuroraCoin.

While the aim of local cryptocurrencies is not necessarily to be a vehicle for speculation, their growth does show a level of adoption and an ability to maintain a userbase.

Not exact matches

Even if Korean lawmakers push forward with an exchange ban, local investors are likely to find ways to keep buying cryptocurrencies, said Mike Kayamori, head of Tokyo - based exchange Quoine, which counts Koreans among its customers.

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.

Because of this heightened risk environment, cryptocurrency experts strongly discourage leaving tokens in the custodianship of exchanges, and instead using a local wallet.

South Korea's new management - minded approach is a dramatic turnaround from its energetic regulatory crackdown on cryptocurrency exchanges this past year, alarmed at a heated market that saw local prices of Bitcoin and other virtual currencies in South Korea trade for higher than international levels.

You will be able to accept a wide array of credit and debit cards and local payment options, including cryptocurrency like Bitcoin.

Japanese regulators are inspecting local cryptocurrency exchanges after Coincheck lost the equivalent of more than $ 500 million in digital currency to hackers in January.

Police in the north China city of Tianjin confiscated 600 computers used to mine bitcoin cryptocurrency after the local power grid operator reported abnormal electricity usage, Xinhua reported Wednesday.

The mayor - president of Lafayette thinks the local government needs a cryptocurrency, but is vague about what purpose it would serve.

In another instance, the power demanded by cryptocurrency companies accounted for 33 percent of the local power company's load.

The theft of the Coinsecure funds occurred four days after the Reserve Bank of India (RBI) barred local banks and financial institutions from dealing in cryptocurrencies, causing a mass panic on the Indian cryptocurrency market.

Kim Haw - joon, co-chief of the Korea Blockchain Association, predicted that local exchanges would begin handling more such foreign - issued cryptocurrencies as a way to reinvigorate cryptocurrency trading.

Local sources in Cairo are reporting that Egypt's grand mufti, Shawki Allam, issued a fatwā on New Year's Day that classifies the use of cryptocurrencies as incompatible with Sharia Law.

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.

Local media grossly estimates that the attacker made off with billions of won in cryptocurrency, but Bithumb never confirmed the exact amount of stolen funds.

«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.

On April 25, 2018, cryptocurrency exchange platform «Everyone's Bitcoin» (みんなのビットコイン) published a notice (Japanese) regarding a business improvement order, which it recently received from the Kanto Local Finance Bureau (a regional department of Japan's Ministry of Finance).

Iran's central bank last week prohibited local banks from dealing in cryptocurrencies due to concerns about money - laundering as the country tries to halt a currency crisis ahead of a possible return of crippling sanctions.

Additionally, South Korea's Financial Services Commission has been conducting onsite inspections of six local banks that offer cryptocurrency - related account services.

«We see a bright future for cryptocurrency across a number of industry verticals, and with BitX's strong management team and solid track record, look forward to leveraging Naspers» global platform and local knowledge to help them capitalise on these opportunities».

The country has signed a memorandum of understanding (MOU) with fledgling cryptocurrency startup Cardano that will see developers use its blockchain in the local agriculture industry.

KICKICO recently co-organized a cryptocurrency congress in Argentina, which took place from the 6th to the 10th of April in Cordoba and Buenos Aires.The event demonstrated a rapidly growing interest for blockchain technology and cryptocurrencies with a KIKCICO - led group of Russian specialists meeting local students, startups and government officials.

Local news outlet Entekhab reported that Firouzabadi sees the lack of regulation around cryptocurrency as one of the problems with letting Telegram continue to function in Iran:

Suddenly perforated with meetups, ICO startups, crypto cafes, bitcoin merchandise and trading chatter in pubs, cryptocurrencies have seemingly taken the city by storm — and Reuben Godfrey, co-founder of local incubator -LSB-...]

Specifically, Finance Minister Kim Dong - yeon had told a local radio station that the government would be coming up with a set of measures to clamp down on the «irrational» cryptocurrency investment craze.

And even private trading of cryptocurrency arranged through chat - apps like Telegram and WeChat, for example, could fall under scrutiny, according to the Wall Street Journal.This much stricter stance on Bitcoin, beyond just exchanges but also concerning Bitcoin itself, seem consistent with comments from PBOC Counselor Sheng Songcheng, as reported by local news sources like Shanghai Securities News.

AGB: «It's possible that I'm currently at a local peak, especially since some of the «frothy» interest in cryptocurrencies from three months ago has disappeared, and overall trading volume has decreased.

The preparation of a pilot project is underway in Russia to subsidize electricity costs to cryptocurrency mining farm owners, according to local publications.

That's in stark contrast to its stance back in Jan. 2017 when it warned local banks against trading in cryptocurrencies citing the danger of «money laundering and financing of terrorism.»

PLATTSBURGH Just hours after the PSC announced it would allow local authorities to charge cryptocurrency miners more for electricity, Plattsburgh Mayor Colin Read warned that the decision doesn't mark the end of the city's energy concerns.

Offshore forex broker FreshForex has expanded its expanded its payments options with the addition of deposits in BitCoin cryptocurrency and transfers via three new local online payment methods...

Offshore forex broker FreshForex has expanded its expanded its payments options with the addition of deposits in BitCoin cryptocurrency and transfers via three new local online payment methods — Bradesco, Itau and WebPay.

Wang Pengjie, member of the Chinese People's Political Consultative Conference (CCPPC), suggested to set up a national cryptocurrency trading platform and regulatory system as a way to control digital money, ICO and blockchain, according to Cointelegraph, citing a local news outlet Lie Yun Wang.

In a statement released on social media, governor Nam encouraged the South Korean government to approach regulation as a means of fostering the local cryptocurrency sector.

«I remember back in 2004, E-gold (a defunct cryptocurrency) was the only option anyone in Nigeria had to make online payments,» said Tim Akinbo, the founder of Tanjalo, a Nigerian exchange where people can buy Bitcoin with the local naira currency.

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.

«First, the government of South Korea will continue to struggle with anonymous accounts used for cryptocurrency trading and will punish market manipulations, money laundering, and fraudulent operations with investigations in which local law enforcement agencies and financial authorities will participate.

Both businesses and individual investors have regained confidence in the local sector, as a ban on cryptocurrency trading is highly unlikely as of now.