«Today, Justice Minister Park independently released
a statement on a cryptocurrency trading ban policy that was not agreed upon by the government and the Ministry of Strategy and Finance.
The majority of South Korean citizens in the online community of Blue House claimed that minister Park single handedly manipulated the global market by releasing a premature
statement on cryptocurrency trading ban, which was not agreed upon by the task force, and most importantly, the Ministry of Strategy and Finance.
Over the past 48 hours, the global cryptocurrency market struggled to rebound from a major correction triggered by South Korea Ministry of Justice head Park Sang - ki's premature
statement on a cryptocurrency trading ban, which was refuted by the country's Ministry of Strategy and Finance, and the Blue House, the executive office of President Moon Jae - in.
The executive office of the President of South Korea has issued
a statement on the cryptocurrency trading closure bill currently in draft by the Ministry of Justice with the proposal to shut down all cryptocurrency exchanges in the country.
Not exact matches
«This exciting collaboration is founded
on a shared goal of protecting the privacy of our users, while making the
cryptocurrency trading experience fluid and enjoyable,» said Kosala Hemachandra, founder of MEW in the
statement.
Although the
cryptocurrency trading platform was approved by the FSA in December 2017 (registration number: 00011), a
statement on the bitARG website explains that the company is preparing for business and will contact its customers when its «business start date» has been decided.
Bitcoin hits a four - week low before rebounding
on Tuesday as South Korean
statements send
cryptocurrency markets yo - yoing South Korea's finance minister Kim Dong - yeon said banning
trading in digital currencies is... Read more»
The ISA
statement further said, «The Authority's stance follows exceptional
trading in the securities of companies
on the TASE that have announced in recent months their intention of doing business in the
cryptocurrencies sector.
According to the
statement, stated by the press secretary of the South Korean president, in the near term it is not planned to impose a ban
on cryptocurrency trading.
«We suggest that traders who are new to
cryptocurrency trading try another, more straightforward platform first and return to Bitfinex later,» Bitfinex Management said in a
statement posted
on their website.
South African citizens will now be expected to pay income tax
on their
cryptocurrency trading as the South African Revenue Service (SARS) released a
statement covering South African
cryptocurrency tax laws
on April 6, 2018.
South African citizens will now be expected to pay income tax
on their
cryptocurrency trading as the South African Revenue Service (SARS) released a
statement covering...
The TSSB details that the firm's website and promotions have allegedly been making deceptive and misleading
statements when soliciting Texas residents - promising 20 to 100 percent returns
on investments within one to three months through the firm's
cryptocurrency mining and
trading services.
On Friday, the Securities and Exchange Commission and Commodities Futures
Trading Commission released a joint
statement emphasizing their commitment to take action against fraud in both
cryptocurrencies and the initial coin offering market.
Eran Eyal, CEO of New York - based Shopin, said in a
statement, «Our partnership shows how innovative companies can power core products and services
on Ethereum, use
cryptocurrency in their token economies off the Ethereum blockchain, and have those same tokens publicly
traded on exchanges.
Israeli - headquartered Plus500 has offered
cryptocurrency CFDs since 2013 but said in a
trading statement on Wednesday that it has «experienced strong volumes in crypto currency CFDs and has seen increased interest throughout the year.»
On January 12, the Blue House, the executive office of President Moon Jae - in, made a public
statement and apologized to South Korean citizens for the recent
cryptocurrency trading ban controversy.
Hong's
statements follow the government's formal response to a petition opposing a severe clampdown
on South Korea's
cryptocurrency trading platforms.
The SEC has «suspended
trading in three companies amid questions surrounding similar
statements they made about the acquisition of
cryptocurrency and blockchain technology - related assets,» the agency announced
on Thursday.
After a mass panic sale triggered by similar
statements in South Korea, their Minister of Finance Kim Dong - Yeon reiterated that South Korean media published a rumor that the government intends to ban
cryptocurrency trading on exchanges.
CoinDesk The Commodity Futures
Trading Commission (CFTC) has published a new primer
on cryptocurrencies, which includes
statements about ICOs.
As CCN previously reported,
on January 11, South Korea's Justice Minister released an independent and premature
statement during a press conference that the government is planning to ban
cryptocurrency trading.
According to Choi Heung Sik, the director of South Korea's Financial Supervisory Service (FSC), the country's integrated financial regulator that examines and supervises financial institutions, several officials and employees of the FSC sold bitcoin immediately before the premature
statement on a possible
cryptocurrency trading ban was released by Justice Minister Park Sang - ki.
The
statement also went
on by making some of the other general stereotypes associated with
cryptocurrencies such as their use in money laundering and the drug
trade.
South Korea has uncovered
cryptocurrency crimes worth 637.5 billion won ($ 594.35 million), which includes illegal foreign exchange
trading, a
statement released by the country's customs service said
on Wednesday.
Illegal foreign currency
trading of 472.3 billion formed the bulk of the
cryptocurrency crimes, it said in a
statement, but gave no details
on what action authorities were taking against the rule breaches.
According to the Blue House, more than 60,000 citizens voted in a petition to fire the head of the Ministry of Justice Park Sang - ki, who released a premature
statement earlier today,
on January 11, that the government will implement a policy to shut down
cryptocurrency trading.
The government's
statement also noted premiums in prices of
cryptocurrencies traded on South Korean exchanges compared to other global counterparts.
Today's
statement follows a denial by Hong Kong — based exchange Binance, one of the largest
cryptocurrency exchanges, that it had been hacked after it suspended
trading on Thursday.
But, based
on the
statement of Korbit, foreigners will be able to
trade until January 31 and by the end of this month, overseas investors will no longer be able to deposit Korean won
on South Korean
cryptocurrency trading platforms.
Shortly after last month's ban
on cryptocurrency trading, PBoC - affiliated researcher Huang Zhen wrote that he expects the bank to issue a «sovereign digital currency under the auspices of the central bank» as soon as it is able, and the bank itself has issued similar
statements in the past.
While the global financial markets were stressing over the prospects of a
trade war, the
cryptocurrency market took a hit
on Wednesday, following a
statement released by the SEC stating that if a platform...
Bart Chilton, who served the position of commissioner for the Commodity Futures
Trading Commission or CFTC from the year 2007 to 2014, made a
statement regarding
cryptocurrencies on Friday the 22nd of September.
The
statement also hints at the further scrutiny of
cryptocurrency exchanges to protect investors, saying, «the SEC staff will continue to focus
on platforms that offer
trading of digital assets and their compliance with the federal securities laws.»
In early December of last year, South Korea's Justice Minister Park Sang - ki was heavily criticized for his premature
statement on a non-existent
cryptocurrency trading ban bill.
Yet, in interpreting the
statement from the People's Bank of China in September
on banning initial coin offerings (ICOs), financial columnist and a TV personality Li Cangyu went so far as to state the the feature tries to bypass law enforcement and violates the specific rule whereby the PBoC prohibited any exchange from facilitating the
trading between
cryptocurrency and fiat currency.