Sentences with phrase «on anonymous trading accounts»

And as we reported earlier, South Korea has implemented a limited trading ban on anonymous trading accounts.

It seems that with last month's ban on anonymous trading accounts regulators now feel they have done enough.

It comes just a day after the South Korean government implemented a ban on anonymous trading accounts.

On Tuesday, federal regulators announced a ban on anonymous trading accounts beginning Jan. 30.

Not exact matches

Policy on exchanges: Legal but use of anonymous bank accounts for virtual coin trading is prohibited.

A ban on anonymous trading took effect on Jan. 30, after which cryptocurrency transactions must be conducted via accounts attached to users» identities.

The uncertainty and potential negative regulatory impacts have now been cited as the cause for marketwide sell - offs on Red Tuesday as well as on January 30, 2018, when Korean officials began enforcing a January 23, 2018, rule disallowing anonymous accounts from trading cryptocurrencies.

South Korean cryptocurrency exchange Coinpia has disabled deposits and suspended trading on its platform as a result of new legislation against anonymous accounts, according to an announcement on its website.

On Dec. 28, the South Korean government announced its plans to ban the use of anonymous virtual accounts for cryptocurrency trading in an effort to «curb virtual currency speculation», local news agency Yonhap reported.

First, on Jan. 23 South Korea's financial regulator set a date for the introduction of a new rule barring anonymous cryptocurrency trading accounts.

The new regulations banning anonymous accounts should make it harder for the North to turn a profit on cryptocurrency trading.

Since last week, a wave of controversy has arisen in South Korea over the government's attempts to more strictly regulate crypto markets, like the banning of the use of anonymous virtual accounts connected to crypto exchanges, forbidding underage citizens and foreigners to invest in crypto markets, and falsey announcing a total blanket ban on cryptocurrency trading.

South Korean policymakers have taken some measures, such as banning cryptocurrency trading from anonymous accounts and they also plan to implement a tax on the digital assets.

As reported earlier in January, South Korea moved to enforce its ban on anonymous bank accounts used in cryptocurrency trading on January 30.

The vice chairman of the Financial Services Commission, Kim Yong - beom announced several measures that would «ban anonymous trading on domestic exchanges, while foreigners and minors would be completely banned from trading through cryptocurrency accounts.

The government's ban on using anonymous accounts, effectively a mandate that exchange providers perform know - your - customer (KYC) due diligence, is seen as the latest move to curb the trading activity around cryptocurrencies in the country.

Korea's financial regulator announced on Tuesday that the government will support «normal transactions, The Korea Herald reports, some three weeks after it banned trading via anonymous accounts.

The South Korean Financial Services Commission (FSC) has issued swift bans on new trading accounts on domestic exchanges, and has barred anyone from opening anonymous trading accounts.

Korean officials rounded off the month of January by announcing on January 23, 2018, that anonymous accounts would be banned from trading cryptocurrencies as of January 30, 2018.

South Korea's financial watchdog has set a deadline for the ban on anonymous cryptocurrency trading accounts within the country.

For now, anonymous traders can continue trading virtual currency using their cryptocurrency holdings on virtual accounts.