Sentences with phrase «shut local exchanges»

Having bounced back dramatically from the 20 % plunge following China's ban of ICOs, Bitcoin prices are going down again on very heavy volume as Caixin reports Chinese authorities plan to shut local exchanges.

Not exact matches

The new guidance is of a piece with other recent regulatory moves China has been making as it attempts to limit the reach of the bitcoin industry — like shutting down local bitcoin exchanges and outright banning ICOs.

After local exchange Youbit shut down this week, hit by two hacking incidents this year, security experts are questioning the soundness of the country's numerous...

'' (The government) is considering both shutting down all local virtual currency exchanges or just the ones who have been violating the law.»

Then multiple newspapers and a few trusted Chinese sources reported the country could soon shut down all local bitcoin exchange platforms.

Back in September, the financial regulatory bodies in China had a major crackdown on ICOs and cryptocurrency trading by asking all the local exchanges to shut down their operations with immediate effect.

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.

The Friday reports of China planning to shut down local bitcoin exchanges have since been repeatedly backed up, though the authorities are yet to make the ban official.

Bitcoin fell sharply on Friday after a report from a Chinese news outlet said China was planning to shut down local crypto - currency exchanges, although analysts said this was just a temporary setback.

Last year, the Chinese government made all domestic ICO (Initial Coin Offering) activity illegal, warned citizens not to participate in foreign ICOs, and ordered all local crypto exchanges to shut down.

Bitcoin sunk to a low of $ 3977 as fear persists over China shutting down local cryptocurrency exchanges.

Few days later, rumours started to come in from China suggesting that the People's Bank of China (PBoC) is looking to shut down all the local cryptocurrency exchanges.

Local Japanese media outlet Nikkei reported March 22 that Hong Kong - based Binance, which is currently the world's largest exchange by trade volume, was to be ordered to shut down operations in Japan for failing to register with the Financial Services Authority (FSA).

As of today, the local regulator has influenced two major Bitcoin payment platforms to shut themselves down, as it does not recognize Bitcoin... Continue reading Indonesian Bitcoin Exchanges Close Down amidst Regulatory Pressure

Seoul previously said that it is considering shutting down local cryptocurrency exchanges, which threw the market into turmoil and hammered bitcoin prices.

That's worrying news for crypto enthusiasts in China, who have already seen local exchanges being shut down entirely towards the end of 2017.

After the ban on initial coin offerings and the regulatory moves to shut down local coin exchanges, the market on cryptocurrency in China hit a stark decline.