Sentences with phrase «own local cryptocurrency»

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.

Bitcoin slumped as South Korea's justice minister reiterated his proposal to ban local cryptocurrency exchanges, fueling concern that a government crackdown will erode one of the world's biggest sources of demand for digital currencies.

Japanese regulators are inspecting local cryptocurrency exchanges after Coincheck lost the equivalent of more than $ 500 million in digital currency to hackers in January.

«Last week, at a joint meeting to review the progress of the (local cryptocurrency) project, it was announced that the experimental model was ready,» Azari - Jahromi added.

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.

Regulation While some governments say they see the potential future benefits of a local cryptocurrency hub, more...

Azari - Jahromi then noted that Iran's bitcoin ban does not mean the country is completely against virtual currencies, and pointed out that the Central Bank's ban does not cover local cryptocurrencies.

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.

Japan's Financial Services Agency (FSA) is pressuring local cryptocurrency markets to delist privacy - centric altcoins like Monero, Zcash, and Dash.

Dbrain is a blockchain platform that labels data and builds AI apps, complete with their own local cryptocurrency, called the...

A major bank in Thailand has reportedly terminated the bank account of a local cryptocurrency exchange, following an announcement by the central bank prohibiting financial institutions from...

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.

A KCSC spokesperson told Yonhap stated that the penalties received by local cryptocurrency exchanges are «far too small,» and the KCSC is aware of it.

According to Yonhap News, a South Korean mainstream media outlet, KCSC alongside the Ministry of Science, Technology, and Information, and the South Internet Development Agency launched a full investigation into local cryptocurrency exchanges from October 10 to December 28 in 2017.

When China closed its local cryptocurrency exchanges late last year, an underground ecosystem of bitcoin «mules» and peer - to - peer platforms sprung up to allow bitcoin trading to thrive, away from regulators» watchful eyes.

GOPAX is a technologically global, responsibly local cryptocurrency exchange which serves as a gateway for investors to fund new innovations in the blockchain space.As a safe window to the global cryptocurrency market, the assets of our customers always come first here at GOPAX.

A security - focused researcher, Kim In - soon at South's Korea ET news, says the demand for the bitcoin hardware wallets in South Korea has been growing exponentially ever since the cryptocurrency users have been skeptical of investing and storing their funds at the local cryptocurrency exchanges.

While local cryptocurrencies will have their roots planted firmly within a community, they may also be used and traded globally.

Two examples of local cryptocurrencies that have had some success are SIBCoin and AuroraCoin.

Local cryptocurrencies may have state support, but this is not necessary to create one.

While the aim of local cryptocurrencies is not necessarily to be a vehicle for speculation, their growth does show a level of adoption and an ability to maintain a userbase.

According to Reuters, officials from the National Tax Service raided the offices of both local cryptocurrency exchange Coinone and Bithumb, which is the second largest virtual currency operator in the country.

After a successful first installment of an EOS meetup run by Block One partner Ian Griggs, the local cryptocurrency community in Nairobi is holding a second...

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

National Internet Finance Association of China Issues Strict Warnings to local Cryptocurrency Exchange Bodies The Bitcoin market has been witnessing a lot of volatility owing to speculations of China planning to shut down local Bitcoin exchanges in the country.

Such a move by the Australian government instills some confidence in local cryptocurrency investors and shows that the government is serious to promote upcoming financial technologies in the country.

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.

Later in the month, the Israeli Supreme Court sided with a local cryptocurrency exchange, Bits of Gold, against Leumi Bank, which has refused services as the crypto it traded in — Bitcoin — could not meet anti money - laundering standards.

After a lot of speculation for fishy trading activities going within the decentralized cryptocurrency world, financial regulatory bodies across the globe are working towards introducing regulatory frameworks for local cryptocurrency trading platforms and exchanges...

So far, the only attempts to bring it to a halt were in China and South Korea (SK restricted new account creation for a few weeks, but have now allowed them), where national government ordered the shutdown of local cryptocurrency exchanges.

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

«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.

This suggests that the local cryptocurrency exchanges can not keep up with the cash flow demands of larger businesses.

This is the first time employees of a local cryptocurrency business have been detained in South Korea.

It was reported earlier that Kim Dong - yeon, the Minister of Strategy and Finance and Deputy Prime Minister of South Korea had declared that active investigation was carried out by the government for protecting customer assets, implementing stricter Anti-Money Laundering (AML) and Know your Customer (KYC) policies and ensuring consumer protection amongst investors of Bitcoin and local Cryptocurrencies.

SHANGHAI / SINGAPORE — When China closed its local cryptocurrency exchanges late last year, an underground ecosystem of bitcoin «mules» and peer - to - peer platforms sprung up to allow bitcoin trading to thrive, away from regulators» watchful eyes.

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.

Gemini is a local cryptocurrency exchange that allows you to exchange US dollars (AUD) for bitcoin (BTC) or Ethereum (ETH), which you can then trade for Zcoin.

Bitcoin firm igot has expanded to Kenya following the acquisition of a local cryptocurrency exchange and integration with a mobile payments platform.

Meanwhile, Yonhap reported South Korean authorities will collect a hefty tax from local cryptocurrency exchanges.

On January 31, local cryptocurrency exchanges are expected to open account registrations to new users and six major local banks are set to provide banking services to cryptocurrency exchanges.

Consequently, on January 31, it is likely that a massive amount of Korean won will flow into the local cryptocurrency exchange market.

Thanks to a surge in optimism surrounding the cryptocurrency, the price of bitcoin shot as high as $ 5,855 early Friday, up 96 % since news that China was banning local cryptocurrency exchanges broke mid-September.

That comes after the price of bitcoin shot as low as about $ 3,000 in mid-September, after Chinese authorities shuttered local cryptocurrency exchanges, while J.P. Morgan CEO Jamie Dimon dubbed bitcoin a «fraud.»

While the cash - reliant country is facing stern regulations, participants of the local cryptocurrency industry do not believe India can «ban» cryptocurrencies through regulations in the same way China has.

To exchange fiat currency (in other words, US dollars) for KMD, you'll need to register for an account with a local cryptocurrency exchange like Gemini.

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