Sentences with phrase «south given that cryptocurrencies»

Things could go south given that cryptocurrencies have come under pressure in recent trading sessions.

Not exact matches

The South Korean Won (KRW) holds third place in terms of global cryptocurrency market size, which is impressive given the country's GDP, which is under a third of Japan's.

A set of bills to give cryptocurrencies, including bitcoin and ethereum, legal grounds is being prepared by a South Korean lawmaker, a long - awaited move to protect South Koreans from potential risks in transactions.

However, given Ripple's massive following in the South Korean market and the large daily trading volumes of XRP on UpBit and Bithumb, two of the country's largest cryptocurrency trading platforms, it is highly unlikely that the market valuation of Ripple would fall below $ 40 billion.

Also, the South China Morning Post reported that China's central bank met with payment processors on 16th December, ordering them to «stop giving clearing services to bitcoin, litecoin, and other cryptocurrency exchanges».

South Korea's government gave the strongest signal yet that it will allow cryptocurrency exchanges to keep operating in the country, a welcome development for traders who had feared an outright ban in one of the world's biggest markets for digital assets.

Given that the South Korean cryptocurrency exchange market is already recovering at a rapid rate, the global market will likely soon recover.

A Shinhan spokesperson explained that the bank intends to provide a secure and insured platform in which customers of South Korean Bitcoin exchanges can store their funds in, given that Bithumb, South Korea's largest cryptocurrency exchange, was hacked twice this year.

Anyway, positive regulatory and taxation framework in South Korea can give a major boost to global cryptocurrency markets.

The South Korean Won (KRW) holds third place in terms of global cryptocurrency market size, which is impressive given the country's GDP, which is under a third of Japan's.

It is difficult to measure the impact of the foreigner cryptocurrency trading ban initiated by the South Korean government on the global cryptocurrency market given that the majority of cryptocurrency investors and traders in the South Korean market are the country's citizens.

The MoU between Omise and Shinhan could lead to the Omise development team cooperating with Shinhan in completing the development of its cryptocurrency wallet, given that the Omise team revealed the MoU was signed to allow Omise to cooperate with the major South Korean bank in developing a variety of blockchain solutions.

Yoo expressed his concerns over the strict regulations the South Korean government plans to implement, given that harsh regulations can restrict the exponential growth rate of the South Korean cryptocurrency market.

Given that South Korea has been a booming hub for cryptocurrency trade over the past 12 months, you'd have expected more vendors accepting virtual currency for their wares at the ongoing Winter Olympics in Pyeongchang province.

The long - term growth of bitcoin, Ethereum, and other cryptocurrencies is optimistic, given the progress markets like South Korea and Japan have shown in recent months.

Conclusively, the approach of the South Korean government is optimistic given that it has moved on from banning cryptocurrency trading altogether.