It is expected that Russia will legalize and
regulate cryptocurrency trade in the country by July 2018, while mining and trading crypto will also be taxed.
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.
Not exact matches
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in October of last year, Taiwan central bank governor Perng Fai - nan supported
regulating cryptocurrency, stating that Bitcoin
trading should be added into Taiwan's notification system for money laundering prevention law
in a potential move similar to Japan that would legitimize
cryptocurrency in the
country.
Ripple News Update At a recent conference
in South Korea, leaders of the
country's
cryptocurrency exchanges — which account for more than 47 % of XRP
trading activity — said they were considering self -
regulating before government officials can take a more aggressive approach.
At a recent conference
in South Korea, leaders of the
country's
cryptocurrency exchanges — which account for more than 47 % of XRP
trading activity — said they were considering self -
regulating before government officials can take a more aggressive approach.
The wheels continue to turn as Russia moves forward with its plan to
regulate cryptocurrencies and ICOs within the
country and to provide a definitive framework for
trading in the industry.
Last week,
in the UK, seven of the world's largest
cryptocurrency companies, including Coinbase, formed the
country's first self -
regulating trade body, CryptoUK.
SEOUL (Reuters)-- South Korea's government said on Thursday it will impose additional measures to
regulate speculation
in cryptocurrency trading within the
country.
On the other side, the Ministry of Finance wishes to
regulate the market to deliver a safer
trading environment to investors while allowing
cryptocurrency exchanges to operate
in the
country.
South Korea took the first step
in regulating cryptocurrency and it threatened to ban crypto
trading altogether within the
country.
The head of South Korea's Financial Supervisory Service (FSS) revealed no intention to
regulate the
trading of
cryptocurrencies in the
country.