Sentences with phrase «of local cryptocurrency exchanges»

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.

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...

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.

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

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

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 controOf 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 controof 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.