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.
Not exact matches
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.»
It boasts having
over 10 million users
in 32
countries and is the largest
cryptocurrency exchange operating
in the United States by
trading volume.
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.
As reported previously
in September, Upbit was first announced by FinTech startup Dunnamu — the operator of the
country's most popular stock
trading app Kakao Stock as a comprehensive new
trading platform with support
over a hundred
cryptocurrencies.
The CEO of Binance, currently the world's largest
cryptocurrency exchange by
trading volume, has hit back at reports that the exchange is to receive a warning from Japan's financial regulator
over its operations
in the
country.
The rise and popularity of
cryptocurrency have had a direct impact
in a
country like South Africa where at least 15
trading venues have opened
over the past year.
The government issued the regulations
in response to the
country's rapidly growing
cryptocurrency trading over the last few months.
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.
The Beijing government announced
in September that they will prohibit
cryptocurrency trading in the
country over growing concerns that the
Following the recent regulations by the South Korean government,
cryptocurrency traders were mandated to use their real names
in trading, the
country is already seeing some crypto traders adhere to this new
trading law with
over 8 % of S.Korean crypto accounts already converted to real name bank deposit accounts.
A huge volatility and sell - off have recently gripped the
cryptocurrency market majorly due to a lot of uncertainty
over South Korean government's decision to control and regulate
cryptocurrency trading in the
country.
CoinFox recently wrote that the
cryptocurrency exchange LocalBitcoins has 50 times increased its
trading volume
in the
country over the past year.