Sentences with phrase «on cryptocurrency trading in the country»

On Thursday, January 11, 2018, reports from South Korea indicated that some of the nation's authorities are planning a ban on cryptocurrency trading in the country.

The alleged insider trading is said to have occurred prior to Korean regulators announcing new rules on cryptocurrency trading in the country - a move that has been, at least in part, linked to the recent slump in prices across the crypto markets.

With the recent crackdown on cryptocurrency exchanges in China, it remains to be seen whether the government will introduce more regulations on cryptocurrency trading in the country.

The drop in the price of Bitcoin in South Korea has been led by weeks of speculation and misinformation about the South Korean government's stance on cryptocurrency trade in the country.

The alleged insider trading is said to have occurred prior to Korean regulators announcing new rules on cryptocurrency trading in the country — a move that has been, at least in part, linked to the recent slump in prices across the crypto markets.

South Korea's government announced tougher measures to crack down on cryptocurrency trading in the country and said it is considering shutting down the nation's bitcoin exchanges,...

The current regulatory climate for cryptocurrencies and adopters in Korea is a markedly different from widely - reported whispers — since December — of a possible ban on cryptocurrency trading in the country.

Not exact matches

DUBAI, April 28 - Iran has developed an experimental local cryptocurrency, a government minister said on Saturday, days after the country's central bank banned trading in digital currencies including bitcoin.

The cryptocurrency exchange Kraken sent an email on April 17 to its Japan - based clients informing them that, starting on a yet - to - be-announced date in June, residents of the country will no longer be allowed to trade digital assets on the platform.

DUBAI (Reuters)- Iran has developed an experimental local cryptocurrency, a government minister said on Saturday, days after the country's central bank banned trading in digital currencies including bitcoin.

Iran has developed an experimental local cryptocurrency, a government minister said on Saturday, days after the country's central bank banned trading in digital currencies including bitcoin.

Giving no quarter to cryptocurrencies: While China may be relaxed on blockchain research and implementation through their national system, it is tightening controls over cryptocurrency traded in the country.

Available in most of the countries, Bittrex is the leader in trading volume and cryptocurrencies listed on the market.

However, despite having a somewhat lenient stance on the crypto - trade going around in the nation, the country has been very strict on anyone who has been evading their taxes or using cryptocurrencies for illegal purposes.

However, given Ripple's massive following in the South Korean market and the large daily trading volumes of XRP on UpBit and Bithumb, two of the country's largest cryptocurrency trading platforms, it is highly unlikely that the market valuation of Ripple would fall below $ 40 billion.

However, Russia is now drafting a bill to allow cryptocurrency trading on permitted platforms in the country in the future.

In other words, the country's Financial Services Commission (FSC), Financial Supervisory Service (FSS) and the Korea Financial Intelligence Unit (KoFIU) want to make sure that cryptocurrency investment and trading comes under the umbrella of traditional financial structures, rather than remaining on a decentralized, anonymized platform which prompted the growth of Bitcoin.

A number of countries with large cryptocurrency markets — in terms of private exchanges and individuals who trade on them — have been considering regulation of the industry.

The vice governor of China's central bank is reportedly seeking a wider ban on services related to cryptocurrency trading in the country.

In 2018, cryptocurrencies like bitcoin will be utilized for international trade on a moderate basis because the high returns as an investment will encourage a «hold» strategy for G7 countries.

News The Financial Services Authority of Japan has imposed penalties on three cryptocurrency exchanges following inspections of trading platforms in the country.

On Monday, media reported that Chinese authorities were considering further reinforcement of its regulation framework banning both domestic and foreign cryptocurrency trading platforms in the country, several months after Beijing's crackdown on initial coin offerings (ICOs) in SeptembeOn Monday, media reported that Chinese authorities were considering further reinforcement of its regulation framework banning both domestic and foreign cryptocurrency trading platforms in the country, several months after Beijing's crackdown on initial coin offerings (ICOs) in Septembeon initial coin offerings (ICOs) in September.

«If trade in bitcoin intensifies with no resolution to the country's currency woes, we could witness the central bank and government revise its position by taking on a more active role in cryptocurrency trading.

At a press conference in Tokyo, she applauded the three Asian countries for keeping tabs on cryptocurrency trading, stating, «We feel very strongly that we need to have this kind of regulation all over the world.»

South Korean cryptocurrency exchange Coinpia has suspended fiat deposits as well as trading operations after the company was not able to meet the country's new KYC requirements in time, as stated in an announcement on their site Tuesday, Feb. 6.

SEOUL (Reuters)-- A South Korean blockchain association announced on Friday measures to boost transparency in trading of cryptocurrencies, agreed by 14 exchanges in the country including the world's busiest virtual currency exchange, Bitthumb.

Moreover, if trade volume in a single country is high enough, it's likely that the market structure of that country's exchanges, and, by extension, that country's regulatory regime, could have a price impact on cryptocurrencies.

All eyes will now be on South Korea as it mulls its position on the matter: more than 212,000 citizens have signed a petition to stop the government from clamping down on cryptocurrency trading, and any petition with more than 200,000 signatures prompts a response from officials within 30 days in the country.

Now, trying to tame the wave of wild cryptocurrency speculation in the country, South Korea is imposing trade bans for minors and looking for ways to impose taxes on investment returns.

In November 2017, the head of South Korea's Financial Supervisory Service said that the agency was monitoring cryptocurrency trading inside the country, and the country's National Tax Agency revealed that it was considering a value - added tax, a capital gains tax or both on cryptocurrency trades.

On March 21, local cryptocurrency - focused media outlets reported that the NHN funded OKCoin — formerly the biggest cryptocurrency exchange in China prior to the country's cryptocurrency trading ban in 2017 — was to launch OKCoin Korea.

Exchanges in the country will be asked to submit details of transactions above a certain threshold to the tax authorities, and gains made on cryptocurrency trades after appreciation will also be liable to capital gains tax.

Such a move, if true, may further tighten the regulation in China regarding cryptocurrency activities, as by aiming at major exchanges, it may put restrictions on how bitcoin and ether can be traded for traditional currency in the country.

As analysts have long argued, a blanket ban on cryptocurrency trading is unlikely to work in a country as technologically savvy as South Korea.

In September, the government announced a ban on cryptocurrency trading and required all exchanges in the country to stop their operationIn September, the government announced a ban on cryptocurrency trading and required all exchanges in the country to stop their operationin the country to stop their operations.

However, experts still believe that it is not over for the country that was once leading in the daily cryptocurrency trading volume on the exchanges.

Yeon's positive comments about Blockchain and cryptocurrencies come after a period of harsher restrictions on crypto investing and exchanges in South Korea, with the country's ban on anonymous trading of cryptocurrencies and a false scare of an overall crypto ban making the markets dip.

With incredibly fast internet speeds, the country has become a hotbed for cryptocurrency trading on par with only some of the top countries in the space.

At the same time, the news about Chinese regulator taking hostile steps against cryptocurrency trading increase pressure on NEO, which is very popular in this country.

A senior official at the People's Bank of China is reportedly calling for a wider ban on services related to cryptocurrency trading in the country.

Later, South Korea's presidential office confirmed that the government has «not finalized» on any such decision about banning cryptocurrency trading activities in the country.

Over the past 48 hours, the global cryptocurrency market struggled to rebound from a major correction triggered by South Korea Ministry of Justice head Park Sang - ki's premature statement on a cryptocurrency trading ban, which was refuted by the country's Ministry of Strategy and Finance, and the Blue House, the executive office of President Moon Jae - in.

Regulators in South Korea have been working to set new regulations on the cryptocurrency industry, effectively ensuring that trading of the different coins will slow down within the country.

However, in January of 2017, the People's Bank of China (PBOC) started cracking down on domestic exchanges facilitating cryptocurrency trades within the country.

According to Nikkei Asian Review, the new law which is awaiting official documentation into the Royal Gazette will see cryptocurrency investors in the country, which is run by a military government, pay a 7 % Value Added Tax on cryptocurrency trades plus another 15 % on capital gains.

SEOUL (Reuters)-- South Korea's government said on Thursday it will impose additional measures to regulate speculation in cryptocurrency trading within the country.

However, in the past 24 hours, the price of Bitcoin Cash increased from $ 995 to $ 1,250, with volume heavily concentrated on OKEx, the Hong Kong - based cryptocurrency exchanges operated by OKCoin, formerly the largest cryptocurrency exchange in China prior to the country's cryptocurrency trading ban in September 2017.

In September last year, China cracked down on cryptocurrency trading, citing what officials saw as broader risks to the country's economy.

Bitcoin prices plunged as much as 13 % on Thursday after South Korean government said it was planning to ban cryptocurrency trading in the country.

CoinDesk The vice governor of China's central bank is reportedly seeking a wider ban on services related to cryptocurrency trading in the country.