Otitoju agrees, adding that while Bitcoin could well be the future of open, unregulated trade, it still has its share of controversies: «It's had a bit of a shaky start, with Silk Road, the volatile trading of the past few months, and the Chinese government banning
the official trading of Bitcoin there.»
Not exact matches
Bitcoin price took a huge fall on Friday after Caixin, a Chinese financial magazine, reported that Chinese Central Bank
officials are working on rules to ban the
trading of Bitcoin and all other cryptocurrencies on Chinese exchanges.
Polish authorities in the town
of Lodz have launched an
official investigation into the closure
of Bitcurex, a
Bitcoin trading platform that launched in 2012, and closed earlier this year.
The U.S. Commodity Futures and
Trading Commission has granted the digital currency
bitcoin the
official status
of a commodity.
Apart from the Financial Crimes Enforcement Network
of the US Department
of the Treasury («FinCEN»), major US regulators such as the US Commodity Futures
Trading Commission («CFTC»), Internal Revenue Service («IRS») and SEC, have yet to make
official pronouncements or adopt rules providing guidance with respect to the classification and treatment
of Bitcoins and other Digital Math - Based Assets for purposes
of commodities, tax and securities laws.
At the same time, the authorities are taking steps to strengthen regulation
of this fintech segment and oblige exchanges
trading bitcoin and other digital currencies to undergo
official registration.
The San Francisco - based startup, one
of the world's largest platforms for
trading bitcoin and other cryptocurrencies, has met with Securities and Exchange Commission
officials in recent weeks about registering its business with the agency, according to people familiar with the matter.
Several firms seeking to list exchange -
traded funds (ETFs) tied to
bitcoin have withdrawn their filings at the request
of officials from the SEC.
Some
of the users have filed an
official complaint which allege that employees
of the exchange have been indulging in insider
trading of the altcoin
Bitcoin Cash.
Policymakers around the world may debate ways to deal with the volatility
of bitcoin and other cryptocurrencies but imposing global, across - the - board regulations on their
trading won't be easy, a senior Bank
of Japan
official said on Thursday.
BTCChina, one
of China's largest
bitcoin trading platforms, which also runs an international exchange out
of Hong Kong, will stop registration
of new users from Thursday, it said on its
official microblog.
The
official taxation authority
of India is all set to issue notices to 500000 HNI or high net - worth individuals asking them to pay capital gains tax on
bitcoin trade and investment entered into by them.
It is possible that margin
trading for
Bitcoin may be prohibited by the anticipated regulations by the People's Bank
of China, although no
official statement has been issued.
Yesterday, one
of the China's largest
Bitcoin exchanges, BTCC, posted an
official statement on its Twitter handle saying that it will be closing all its
Bitcoin trading operations from the 30th
of September.
While several Altcoins use a similar technology as
Bitcoin by implementing SHA - 256 algorithm, ADA, the
official cryptocurrency
of Cardano offers a different technology and
trading approach.
PBOC
officials are contented about shutting down mainstream
bitcoin exchanges from engaging in CNY
trades although a lot
of underground action is brewing in the backyard.
bill /
Bitcoin / BTC / contention / controversies / Cryptocurrency / ETH / Ether / Ethics / Government / holdings / insider
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The CBE
official said in his statement that the bank has no intention
of issuing legislation or passing a special law that allows the
trading of digital currency, including
bitcoin.
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of conduct / Cryptocurrencies / Cryptocurrency / Digital Currency / Employee / financial / FSC / FSS / Government / insider knowledge / insider
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Following on the heels
of the news that China - based
bitcoin exchange BTC38 would suspend fiat - to - digital currency
trading, rival Chinese exchanges OKCoin and FXBTC have received
official notices from financial partners notifying them that certain accounts will be terminated.
Several firms seeking to list exchange -
traded funds (ETFs) tied to
bitcoin have withdrawn their filings at the request
of officials from the U.S....
According to Choi Heung Sik, the director
of South Korea's Financial Supervisory Service (FSC), the country's integrated financial regulator that examines and supervises financial institutions, several
officials and employees
of the FSC sold
bitcoin immediately before the premature statement on a possible cryptocurrency
trading ban was released by Justice Minister Park Sang - ki.
The
official Chinese news agency Xinhua recently indicated that
Bitcoin trading would most likely return, albeit with a higher level
of regulation.
Several firms seeking to list exchange -
traded funds (ETFs) tied to
bitcoin have withdrawn their filings at the request
of officials from the U.S. Securities and Exchange Commission.
Whilst
trading volumes in
bitcoin futures at CBOE and CME remain fairly low, as both platforms still see it as an experiment, central bank
officials warn
of high risks
of losing actual money by
trading bitcoin due to the unpredictability
of the digital currencies, and lack
of clarity regarding mechanisms driving the market.
However, some industry
officials argue that not all yen - based
Bitcoin trading is done by Japanese retail players — as some hedge funds trade too in bitcoin / yen to take advantage of price differentials between the yen and dollar
Bitcoin trading is done by Japanese retail players — as some hedge funds
trade too in
bitcoin / yen to take advantage of price differentials between the yen and dollar
bitcoin / yen to take advantage
of price differentials between the yen and dollar price.
OKLink, a Hong Kong - based global blockchain money network, is offering $ 100 million in free remittance
trades to international remittance companies; MAST improving
Bitcoin in three main ways such as extending smart contract flexibility; improving scalability; and increasing privacy; The Nobel Memorial Prize in Economic Sciences 2016 professors Oliver Hart and Bengt Holmström, transforming contract theory; the first ever
official Russian real estate listing for
bitcoins and major securities exchange in Abu Dhabi has announced the launch
of a blockchain - enabled voting service.
The
official rhetoric gradually softened after the Bank
of Russia launched its own blockchain project, whereas the weekly volume
of local
bitcoin trade exceeded 250 mln rubles (about $ 4 mln) in September.
The story dates back to 2014, when Otto de Voogd, a Dutch citizen and the owner
of bitcoin trading platform BTC.ee, was insistently asked by Estonian
officials (namely the Estonian Financial Intelligence Unit
of the Estonian Police and Border Guard Board) to provide information on all BTC.ee clients.
The Japanese
trading platform's new licensure approval follows the demise
of the country's infamous
bitcoin exchange Mt Gox and reveals that
officials are more comfortable with exchange operations.