Sentences with phrase «providing local cryptocurrency»
Six major South Korean banks including Shinhan Bank, the second largest bank in the country, will officially begin providing local cryptocurrency exchanges with virtual bank accounts.
http://bitcoinnews.international/ Not exact matches
While China strictly banned initial coin offerings (ICOs) and cryptocurrency exchanges platforms and Macau's monetary regulator barred local firms from providing ICO - related financial services, Hong Kong has emerged as something as an ICO hub.
Decentralized cryptocurrencies can help circumvent issues with their local currency or even just provide a little bit more privacy... in the future blockchain could revolutionize how we track our shipments.»
Cedric Wachira, CTO of CedKoin explained cryptocurrency technology had the potential to replace local mobile money transfer platform MPESA since it could provide users with unlimited transactions.
Instead, the notice provides generalized advice to those contemplating raising capital via a token sale or creating a cryptocurrency investment fund, and invites such businesses to reach out to local securities regulatory authorities to discuss ways in which to comply with Canadian securities law.
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.
But it certainly could be a competitor to Bitcoin in Venezuela, and I think the fact that the term cryptocurrency was used in the announcement provides an important signal about the government's intention to compete with growing interest in cryptocurrencies in Venezuela, which is largely driven by the economic crisis and devaluation of the local currency there, that's currently ongoing.
Accordingly, the businesses which provide exchange services of those cryptocurrencies on a regular basis must be registered with applicable Local Finance Bureaus.
Previously, the South Korean government and its financial regulators were hesitant toward regulating the local cryptocurrency market, because doing so would provide legitimacy to the market.
After officially refuting the Justice Ministry's cryptocurrency trading ban proposal, the South Korean government has allocated significant resources to regulate the local cryptocurrency market and provide a more stable and robust infrastructure to investors within the market.
According to the local news outlet Malta Independent, the country's government had launched the Malta Digital Innovation Authority in February 2018 in order to provide legal clarity for companies developing Blockchain technologies, cryptocurrencies, and Initial Coin Offerings (ICO).
However, since then, six major South Korean banks have provided support to local exchanges, KFIU has started to regulate the market and the government has begun to consider cryptocurrency businesses as legitimate financial service providers.
Hong Kong - based cryptocurrency exchange Binance revealed that it will establish operations on the European archipelago of Malta, as well as providing funds for other blockchain startups to grow the local industry.
The local firm that is operating these cryptocurrency ATMs is called TPS, and provides exchange services using cash terminals and, at the same time, an online trading platform.
Everus Mall is part of Everus World which aims to provide cryptocurrency users with an effortless shopping experience, and local merchants with simple and direct access to spending customers.