Sentences with phrase «on local cryptocurrency»

Stories about SEC demanding online tradition platforms to be regulated as exchanges and Japanese regulators coming down heavily on local cryptocurrency operators sent most virtual coins below crucial support levels.

, South Korea's third largest cryptocurrency exchange Korbit told its users that foreigners will no longer be able to deposit or withdraw Korean won on local cryptocurrency exchanges once a new anti-money laundering (AML) system is integrated by the end of January.

This week, as CCN previously reported, South Korea's third largest cryptocurrency exchange Korbit told its users that foreigners will no longer be able to deposit or withdraw Korean won on local cryptocurrency exchanges once a new anti-money laundering (AML) system is integrated by the end of January.

Ever since the $ 500 million hack of Japan's Coincheck cryptocurrency exchange came to light earlier this year in January, Japan's financial watchdog The Financial Services Agency (FSA) has been seen cracking down the whip on local cryptocurrency exchanges.

Throughout the past month, traders and investors in China have criticized the Chinese government's sudden crackdown on local cryptocurrency exchanges and trading activities.

Earlier this week, there were reports that South Korea would begin enforcing corporate tax legislation on local cryptocurrency exchanges from the end of March 2018, requiring local exchanges to pay up to 22 % in corporate taxes by the end of March and 2.2 % in local income tax by the end of April, on 2017 earnings.

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.

A little over a year after China began its crackdown on the local cryptocurrency ecosystem, that scrutiny is now set to escalate further.

Typically, Nigerians have been trading on local cryptocurrency exchanges such as NairaEx and ICE3X.

You can exchange US dollars (USD) for ADX tokens on local cryptocurrency exchange HitBTC.

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.

The agency will remain its negative stance towards the investor protection policies currently imposed on the local cryptocurrency market.»

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.

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.

Then it called on local exchanges to stop trading in cryptocurrencies and outlined proposals to discourage bitcoin mining — the energy - intensive computing process that makes transactions with the digital currency possible.

Last month, a governmental taskforce on internet finance asked local authorities to assist in shutting down operations that produce cryptocurrencies.

The PSC responded on Wednesday that it would allow those local power companies to raise rates for cryptocurrency miners.

Remarks made by Philippine banking and regulatory officials on November 21, 2017, put cryptocurrency exchanges and crowdfunding via token offerings in the local spotlight.

The theft of the Coinsecure funds occurred four days after the Reserve Bank of India (RBI) barred local banks and financial institutions from dealing in cryptocurrencies, causing a mass panic on the Indian cryptocurrency market.

In Polupanov's words, these marketplaces have become «pioneers and leaders on the proposal to buy cryptocurrency,» with traders converting rubles to virtual currency, transmitting those funds to their home countries, and reconverting them into local fiat currency there.

«Icon's listing in local exchanges is significant itself as the coin is South Korea's first platform coin,» built on code that can be used for other applications, said Park Nok - sun, a cryptocurrency analyst at NH Investment and Securities.

Local sources in Cairo are reporting that Egypt's grand mufti, Shawki Allam, issued a fatwā on New Year's Day that classifies the use of cryptocurrencies as incompatible with Sharia Law.

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).

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.

Azari - Jahromi, Iran's youngest minister and known as an innovator, said in a tweet in February that his ministry's Post Bank had been working with local experts on an experimental cryptocurrency model that would be presented to the country's banks for review and possible approval.

«We see a bright future for cryptocurrency across a number of industry verticals, and with BitX's strong management team and solid track record, look forward to leveraging Naspers» global platform and local knowledge to help them capitalise on these opportunities».

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.

South Korea's government said on Thursday it plans to ban cryptocurrency trading, sending bitcoin prices plummeting and throwing the virtual coin market into turmoil as the nation's police and tax authorities raided local exchanges on alleged tax evasion.

Specifically, Finance Minister Kim Dong - yeon had told a local radio station that the government would be coming up with a set of measures to clamp down on the «irrational» cryptocurrency investment craze.

China's recent ban on initial coin offering (ICO), a cross-between crowdfunding and initial public offering, has forced local cryptocurrency exchanges into stricter self - scrutiny about their supervision mechanisms.

To buy cryptocurrency on Coinbase, you have to simply go to the «Buys» page, select the amount you want to buy in either cryptocurrency or in your local currency, then select the wallet you want it to be transferred to as well as the payment method.

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.

Hong Kong regulator the Securities and Futures Commission (SFC) said on Friday it would crackdown on cryptocurrency exchanges that operate in the Asian financial hub without a license or violate local securities laws.

In a statement released on social media, governor Nam encouraged the South Korean government to approach regulation as a means of fostering the local cryptocurrency sector.

Monex Group Inc, a Japan - based online broker announced on Tuesday that it was considering buying Coincheck Inc, a local cryptocurrency exchange which lost $ 530 million in a high — profile theft earlier this year.

Both businesses and individual investors have regained confidence in the local sector, as a ban on cryptocurrency trading is highly unlikely as of now.

South Korean cryptocurrency exchange Korbit has barred non-citizens from depositing local currency — the Korean won — on its platform.https: / / www.coindesk.com/korean-crypto-exchange-korbit-halting-deposits-from-non-citizens/ ...

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.

These user can use third - party gateways for payments, like, cryptocurrencies on Peer - to - peer exchanges like Local Bitcoins, Instashift and so on.

Once the change to the AMZN cryptocurrency is made, the only difference to Amazon platforms is that all transactions on all Amazon platforms are occurring in AMZN tokens, rather than in local fiat currencies.

While the country does not have the sizable bitcoin economies of Kenya, Nigeria, and South Africa, it has developed an active bitcoin community that is working on local blockchain solutions and is spreading cryptocurrency awareness.

«Pantera Capital is staunchly committed to investing in local cryptocurrency exchanges across the globe because any regional market thrives on local leadership.»

Back in September, the financial regulatory bodies in China had a major crackdown on ICOs and cryptocurrency trading by asking all the local exchanges to shut down their operations with immediate effect.

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.

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.

Important global economies like China and Russia have also been recently seen hitting hard on its local trading bodies and exchanges while putting up a curtain on cryptocurrency trading.

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.»

Earlier this month, China issued a blanket ban on fundraising methods involving token sales, or initial coin offerings (ICOs), and local cryptocurrency exchanges have indicated they will cease domestic trading following the ban.

At the time, he told local news agencies that the government could not let speculation in cryptocurrencies «go on any longer.»