A few months ago the high demand for
bitcoin on the local exchange drove the price to almost double of where it was trading at on international exchanges.
As such, if a certain
cryptocurrency on local exchanges have low demand but large supply, it becomes difficult for exchanges to maintain order books and continue supporting that specific cryptocurrency.
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.
More savvy do - it - yourself investors may be able to purchase
companies on local exchanges, but that can be a challenge depending on the market.
In some cases, the scammer will go the extra mile and create a trading
profile on a local exchange complete with a name and photo of a real dealer.
The Chinese government previously banned initial coin offerings and halted trading of virtual
currencies on local exchanges for a period in 2017.
In South Korea, investors have started to purchase CPUs equipped with high performance gaming graphic cards like the Nvidia GTX 1080 ti to mine smaller cryptocurrency
listed on local exchanges, like Zcash and...
Yesterday, on March 8, the price of bitcoin has dropped below $ 9,500 briefly, triggered by Binance hack rumors, the Japanese government's issuance of
penalty on local exchanges, and the sell - off of a massive amount of bitcoin by the Mt. Gox trustee.
But after the Chinese financial regulator implemented a crackdown
on local exchanges in September last year, the firm moved its headquarters to Hong Kong.
While each country's pricing differs depending
on local exchange rates and taxes, I specifically explored what CAMS is offering Australians - it's quite confusing at first glance.
Nigeria specifically saw $ 22,00
prices on local exchanges when the price of Bitcoin for the rest of the world was around $ 16,000.
Also, last month we saw the Chinese regulatory exchanges going
hard on their local exchanges and ordering for an immediate shutdown of operations in China.
Currently, cryptocurrencies like bitcoin remain unregulated in the country and Sithole cautioned
traders on local exchanges to be careful as the Central Bank seeks opinions of experts on the issue.
According to the report, MBC has «contacted the South Korean government» prior to publishing, to notify it about the critical security
issues on the local exchanges.
According to Reuters, South Korean officials are working on documentation that will make it illegal to trade virtual
currencies on local exchanges.
Yesterday, on March 8, the price of bitcoin has dropped below $ 9,500 briefly, triggered by Binance hack rumors, the Japanese government's issuance of
penalty on local exchanges, and the sell - off of a massive amount of bitcoin by the Mt. Gox trustee.
Pakistan's announcement on Friday follows one by India's central bank from having any links to virtual currency dealers, which immediately slashed cryptocurrency
prices on local exchanges.
The news comes as South Korea is emerging as a new hotbed of digital currency trading, and as neighboring China, once a major hub for activity, cracks
down on local exchanges.
China sent shockwaves — and more than a little panic — through the cryptocurrency community in September when they instituted a complete ban on ICOs (Initial Coin Offerings) as well as the trading of ICO tokens and
cryptocurrencies on local exchanges.
India's central bank barred banks on Friday from having any links to virtual currency dealers, slashing the prices of bitcoin and other crypto - currencies
on local exchanges.
MUMBAI, India — India's central bank today barred banks from having any links to virtual currency dealers, slashing the prices of bitcoin and other crypto - currencies
on local exchanges.
MUMBAI (Reuters)- India's central bank barred banks on Friday from having any links to virtual currency dealers, slashing the prices of bitcoin and other crypto - currencies
on local exchanges.
India's central bank barred banks on Friday from having any links to virtual currency dealers, slashing the prices of bitcoin and other crypto - currencies
on local exchanges.
Reuters MUMBAI India's central bank barred banks on Friday from having any links to virtual currency dealers, slashing the prices of bitcoin and other crypto - currencies
on local exchanges.
I strongly recommend you to compare the exchange rate
on your local exchange to a Bitcoin price index once you find a Bitcoin exchange in your country.
MUMBAI (Reuters)-- India's central bank barred banks on Friday from having any links to virtual currency dealers, slashing the prices of bitcoin and other crypto - currencies
on local exchanges.