Sentences with phrase «of virtual currency exchanges»

The shutdown of virtual currency exchanges is still one of the options (that the government has).

Second, it allows the official registration of virtual currency exchanges.

In the future, in order to appropriately secure the security of virtual currency exchange traders... we will establish stricter voluntary regulations and seek compliance with members.

This followed his statement that, «the shutdown of virtual currency exchanges is still one of the options» (that the government has).

In 2017, Chinese authorities ordered the closure of virtual currency exchanges by October 31 of that year.

In an announcement Sunday, the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market said it is «reviewing and considering the development of a robust, risk - appropriate regulatory framework to regulate and supervise activities of virtual currency exchanges and intermediaries.»

The BitLicense warrant, which has been functional since August 2015 is issued by New York State Department of Financial Services approving the operation of virtual currency exchanges.

Tech support fraud, which can occur through the telephone, search engines, pop - ups, locked screens, and phishing emails, is now also being perpetrated through the new targets of virtual currency exchanges, according to the FBI's PSA.

For example, Namibia's Exchange Control Act of 1966 «does not make provision for the establishment of virtual currency exchanges or bureaus in Namibia,» the central bank said.

ASIC advises that, as most of the virtual currency exchange platforms are generally not regulated, customers may not be protected or have any legal recourse if the platform fails or is hacked.

National Bank of Australia (NAB) has taken a more cautionary tone, with a representative stating that «[the Australian Securities and Investments Commission] advises that, as most of the virtual currency exchange platforms are generally not regulated, customers may not be protected or have any legal recourse if the platform fails or is hacked.»

With that approval, the FSA was required to ensure the registration of virtual currency exchanges in the country.

«We take this administrative punishment solemnly and sincerely, [and aim to] establish a posture for the proper and reliable execution of the virtual currency exchange industry,» wrote the exchange.

The IRS's summons on Coinbase Inc. seeking information about users of the virtual currency exchange poses a risk for the private information of millions of taxpayers, an attorney who moved to quash...

The Act also introduces regulations for the registration of all virtual currency exchange businesses.

The regulations passed last year include provisions for registering as a virtual currency exchange service provider (VCESP), and rules to ensure proper deployment of virtual currency exchange services, according to a summary by the International Financial Law Review.

Prosecutors obtained the accounting data of these virtual currency exchanges and went into a deeper analysis for 20 days.

In Japan, a large virtual currency exchange, Coincheck, was hacked in late January and lost nearly $ 500 million worth of a virtual currency known as NEM, raising questions about the relatively untested security practices of virtual currency exchanges.

TOKYO (Sputnik)- Japan's Financial Services Agency launched an inspection of the office of virtual currency exchange Coincheck in Tokyo after a computer hack that had resulted in the theft of cryptocurrency, NHK broadcaster reported.

The bankruptcy of the virtual currency exchange Youbit following the recent hack is expected to cause financial losses for users.

Says Lawsky: «The recent problems at Mt. Gox and other firms further demonstrate the urgent need for stronger oversight of virtual currency exchanges, including robust standards for consumer protection, cyber security, and anti-money laundering compliance.

Separately, Singapore police are investigating the «unnatural» death of the American boss of virtual currency exchange First Meta.

«Computer failure; malicious software attack; an attack, closure, or disappearance of a virtual currency exchange company; lack of security; loss of your private key; or a sudden or dramatic change in value» are just a few examples explains the SB3082 text.

However, Tom Robinson, founder of virtual currency exchange BitPrice, told the Guardian that at Wednesday's meeting he and others were advocating regulation as a way to legitimise the currency and promote new business and economic growth.

According to the Hankyoreh, the association's self - regulatory measures will «include minimum operating requirements such as the capital base of virtual currency exchanges, employee ethics regulations, and consumer protection.»

By the end of the second quarter of 2016 several targeted amendments may be made to the Fourth Anti-Money Laundering Directive (AMLD4) affecting the anonymity of virtual currency exchanges and prepaid cards.

Another official of a virtual currency exchange, requesting anonymity, said income tax authorities have mentioned that they are also likely to assess if the gains from the cryptocurrency boom have been used to buy other assets.

The country's justice minister, Park Sang - ki, said this week that his ministry was drawing up a bill that would include the complete shutdown of virtual currency exchanges, adding that trading in the tokens «has started to resemble gambling and...

a) High price volatility as investments tied to Virtual Currencies are highly unstable and are primarily based on speculations; b) Failure / closure of Virtual Currency exchanges / businesses due to any reason including action by law enforcement agencies; and c) Hacking / security compromises of cryptocurrency exchanges and wallet businesses.

In an announcement, the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market said it is «reviewing and considering the development of a robust, risk - appropriate regulatory framework to regulate and supervise activities of virtual currency exchanges and intermediaries.»

Last year, The Philippines» central bank, the Bangko Sentral ng Pilipinas (BSP), developed legislation governing the operation of virtual currency exchanges.

Tech support fraud, which can occur through the telephone, search engines, pop - ups, locked screens, and phishing emails, is now also being perpetrated through the new targets of virtual currency exchanges, according to the FBI's PSA.

For instance, the country's Exchange Control Act of 1966, «does not make provision for the establishment of virtual currency exchanges or bureaus in Namibia,» said the Central Bank of Namibia.

Coincheck also said it will continue its efforts to seek registration of virtual currency exchanges to the Financial Services Agency.

Last Tuesday, Yonhap News reported that South Korean Finance Minister Kim Dong - yeon also said in a radio program interview that «the shutdown of virtual currency exchanges is still one of the options» the government has.

in a radio interview with TBS Radio, «The government stance is that it needs to regulate cryptocurrency investment as it is a largely speculative investment... The shutdown of virtual currency exchanges is still one of the options (that the government has).»

This seemingly contradicts a radio interview given earlier in the day by Korea's finance minister, Kim Dong - yeon, who stated in a radio interview with TBS Radio, «The government stance is that it needs to regulate cryptocurrency investment as it is a largely speculative investment... The shutdown of virtual currency exchanges is still one of the options (that the government has).»

Therefore, possible regulation by the CBK means controlling the activities of virtual currency exchanges, initial coin offerings (ICOs), and blockchain startups only.

The shutdown of virtual currency exchanges is still one of the options that the government has,» Kim said.

The SBP took the action on account of the following risks: • Virtual currencies are highly volatile, unstable and the prices are primarily based on speculations; • The failure and closure of virtual currency exchanges and businesses for any reason, such as action by law enforcement agencies; and • The number of security compromises of virtual currency exchanges and wallets worldwide in which large amount of funds have been lost.

This decision by WU is expected to adversely affect the operation of virtual currency exchanges, as well as the consumers using cryptocurrencies.