Sentences with phrase «providing local cryptocurrency exchanges»
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.
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.
Accordingly, the businesses which provide exchange services of those cryptocurrencies on a regular basis must be registered with applicable Local Finance Bureaus.
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.