The Israeli Supreme Court reached a decision today in support
of local cryptocurrency exchange Bits of Gold.
Bitcoin firm igot has expanded to Kenya following the acquisition
of a local cryptocurrency exchange and integration with a mobile payments platform.
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...
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.
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.
Japanese regulators are inspecting
local cryptocurrency exchanges after Coincheck lost the equivalent
of more than $ 500 million in digital currency to hackers in January.
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.
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).
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.
«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.
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.
When China closed its
local cryptocurrency exchanges late last year, an underground ecosystem
of bitcoin «mules» and peer - to - peer platforms sprung up to allow bitcoin trading to thrive, away from regulators» watchful eyes.
GOPAX is a technologically global, responsibly
local cryptocurrency exchange which serves as a gateway for investors to fund new innovations in the blockchain space.As a safe window to the global
cryptocurrency market, the assets
of our customers always come first here at GOPAX.
Earlier this week,
local Chinese
cryptocurrency news agency CnLedger offered a chart demonstrating the decision
of all Chinese bitcoin
exchanges in regard to crediting and supporting Bitcoin Cash.
The Russian Ministry
of Finance has drafted a bill to legalize the trading
of cryptocurrencies on approved
exchanges, according to a report from
local media.
A security - focused researcher, Kim In - soon at South's Korea ET news, says the demand for the bitcoin hardware wallets in South Korea has been growing exponentially ever since the
cryptocurrency users have been skeptical
of investing and storing their funds at the
local cryptocurrency exchanges.
The official, Aleksandra Wiktorow, told
local radio broadcaster Polskie Radio that her office has filed an official letter to the ministry in which it said that Poland's
cryptocurrency market is experiencing rapid growth and should be subject to regulations that would protect customers
of cryptocurrency exchanges.
Blockchain regulation - the
local scenario Malta is at the forefront
of creating a framework for blockchain regulation, which has already attracted nothing less than the world's largest
cryptocurrency exchange to the island: Binance.
Industry representatives say they hope that the best practices will also increase risk awareness in the Polish
cryptocurrency market following the news
local law enforcement are investigating the shutdown
of local exchange Bitcurex.
Following the major crackdown on the country's
local Bitcoin
exchanges in China, the global market sentiment has absolutely turned negative and a bit
of panic and fear is being witnessed within the investor community.Panic selling is being witnessed in the
cryptocurrency markets where Bitcoin price finally drops below $ 3000.
National Internet Finance Association
of China Issues Strict Warnings to
local Cryptocurrency Exchange Bodies The Bitcoin market has been witnessing a lot
of volatility owing to speculations
of China planning to shut down
local Bitcoin
exchanges in the country.
Other items on his agenda included having all
local cryptocurrency exchanges and services register with the government and also abide by the Know - Your - Customer requirements by the end
of 2019.
Later in the month, the Israeli Supreme Court sided with a
local cryptocurrency exchange, Bits
of Gold, against Leumi Bank, which has refused services as the crypto it traded in — Bitcoin — could not meet anti money - laundering standards.
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...
Today, Monday 25 September 2017, on BitcoinFundi, the
local Zimbabwean
cryptocurrency exchange BTC traded for as much as $ 7,200 / BTC translating to an 85 % premium based on the Coinbase price
of $ 3,900.
«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.»
This suggests that the
local cryptocurrency exchanges can not keep up with the cash flow demands
of larger businesses.
SHANGHAI / SINGAPORE — When China closed its
local cryptocurrency exchanges late last year, an underground ecosystem
of bitcoin «mules» and peer - to - peer platforms sprung up to allow bitcoin trading to thrive, away from regulators» watchful eyes.
The
cryptocurrency markets witnessed a major correction owing to two main reasons: first is the negative statement by Wall Street's one
of the most powerful men and JP Morgan boss — Jamie Dimon on Bitcoin, and other because
of Chinese regulatory bodies cracking - the - whip on its
local cryptocurrency exchanges.
These four features include
cryptocurrency enabled credit cards that can be used for payment in
local stores, a
cryptocurrency exchange with support for fiat currency, a payment provider and ATMs that will allow for the instant purchase
of coins with fiat money.
In addition to trading the dominant cryptocoins, one
of CryptoHawk's primary essence also lies in further establishing and promoting the acceptability
of cryptocurrencies as a means
of payment in the society across all industries and sectors; from the standard trading
of cryptocurrency on
exchanges to making a purchase in the
local retail store using any recognized coin.
Consequently, on January 31, it is likely that a massive amount
of Korean won will flow into the
local cryptocurrency exchange market.
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.
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.»
6
Of 10 Exchanges Ordered To Pay As local news media outlet Yonhap News Agency reports Wednesday, government officials will press forward with penalties in what some commentators view as an increasingly promising sign of bringing the domestic cryptocurrency industry under regulatory contro
Of 10
Exchanges Ordered To Pay As
local news media outlet Yonhap News Agency reports Wednesday, government officials will press forward with penalties in what some commentators view as an increasingly promising sign
of bringing the domestic cryptocurrency industry under regulatory contro
of bringing the domestic
cryptocurrency industry under regulatory control.
As per the latest reports published by the National Police Agency
of the Republic
of Korea (South Korea), it has been confirmed that hacker from other side
of the border have been targeting the
local South Korean Bitcoin
Exchanges with multiple attempts to steal the
cryptocurrency.
«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.
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.
In January, reports surfaced that the South Korean government was planning to enforce corporate tax policy on
local cryptocurrency exchanges from the end
of March 2018.
Japan's Financial Services Agency (FSA) has ordered the suspension
of two more
cryptocurrency exchanges and sent a business improvement notice to another, following a series
of inspections after the January hack
of around $ 534 mln in NEM from Japanese crypto
exchange Coincheck,
local news outlet Nikkei Asian Review reports today, April 6.
Seoul's state intelligence agency has found evidence North Korea was behind the recent hacking
of South Korean
cryptocurrency exchanges, according to
local media on Saturday.
Japan's Financial Services Agency (FSA) will conduct on - site inspections
of 15
cryptocurrency exchanges that are currently awaiting registration in the aftermath
of the Coincheck hack, the
local news outlet The Japan Times wrote today, Feb. 16.
Despite sweeping concerns
of a ban on domestic
cryptocurrency exchanges, proposed by Korea's justice ministry, the Korean government quashed such fears today while confirming wider regulatory moves for the
local cryptocurrency ecosystem.
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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.