Sentences with phrase «system on the cryptocurrency exchange»

That means linking a bank account, credit card or other payment system on the cryptocurrency exchange of your choice.

Not exact matches

By not dealing with fiat currencies, it allows investors to readily exchange their cryptocurrency assets for other cryptocurrencies while isolating themselves from any pressure the government could put on them through the banking system.

Over and above, starting a bitcoin exchange and trading business requires professionalism and a good grasp of how cryptocurrency and the digital payment system works on a global platform.

This route for 1 -2-1 contact sets us apart from many of the faceless cryptocurrency exchange websites on the market which operate a «ticket» system for customer service, often making buyers wait days, if not weeks for a response to a query.

On Tuesday Dec. 5, Bank of America Corporation, which noted the currency's «clear potential for growth», was awarded a patent on an electronic currency exchange called a «cryptocurrency transformation system.&raquOn Tuesday Dec. 5, Bank of America Corporation, which noted the currency's «clear potential for growth», was awarded a patent on an electronic currency exchange called a «cryptocurrency transformation system.&raquon an electronic currency exchange called a «cryptocurrency transformation system.»

As used herein, «Digital Currency» means a digital asset (also called a «cryptocurrency,» «virtual currency»), such as, but not limited, bitcoin or ether, which is based on a cryptographic protocol (s) of an electronic system that may be (i) centralized or decentralized, (ii) proprietary or open - source, and (iii) used as a medium of exchange and / or store of value.

According to Reuters: «Japan's financial regulator said on Friday it had ordered all cryptocurrency exchanges to submit a report on their system risk management, following the hacking of over half a billion dollars of digital money from Coincheck.»

Because it has taken a long time for the cryptocurrency exchanges to adopt to the post-fork situation, Coinbase users noticed a system error that hypothetically could allow to double the amount of cryptocurrency on one's account.

The Financial Services Authority's requirements for would - be exchanges include robust computer systems and segregation of cash and cryptocurrency accounts, checks on traders» identities and risk management systems.

In direct opposition to traditional financial systems, cryptocurrencies do not rely on central authorities to govern transactions and regulate exchanges.

The long - awaited bill, which goes into effect on April 1, still does not recognize bitcoin as a currency, but it has accepted that bitcoin and other cryptocurrencies have «asset - like values» that can be used «as payment to indefinite parties for the cost of purchase or rent of items or receipt of services and which can be transferred by means of electronic data processing systems,» explained Bitflyer exchange.

Reduced liquidity on cryptocurrency exchanges and regulatory uncertainty are preventing the bitcoin based payments on coming to the forefront of overseas payment system.

The first decentralized peer - to - peer payment system, bitcoin, has broken through the $ 10,000 mark on South Korea's Bithumb, one of world's biggest exchanges for cryptocurrencies.

«We are positively considering the adoption of an exchange approval system as the additional regulation on cryptocurrencies.

Popular cryptocurrency exchange Binance has announced on its site today, Jan. 9, that it has completed its system upgrade after technical difficulties resulted in significant delays.

By acquiring Coincheck, along with Coincheck's client base and information systems, the brokerage firm is now on the fast track to getting into the cryptocurrency exchange business.

Regulation Just recently news.Bitcoin.com reported on South Korean cryptocurrency exchanges implementing new infrastructure systems that comply with the country's financial regulations.

As such, this new type of exchange could not only give traditional cryptocurrency exchanges like Coinbase a run for their money, but could also compete with alternative trading systems (ATS) like tZero and Templum, which focus on listing crypto tokens that are regulated as securities.

India is planning steps to ensure cryptocurrencies are illegal within its payments system, while at the same time appointing a regulator to oversee unregulated exchanges that trade in «crypto assets,» a finance ministry official said on Monday.

Perhaps most notable about the report is its implications for XRP, the cryptocurrency that is used to facilitate trades on the permissioned Ripple DLT system and that trades on an open market on digital currency exchanges.

Chosun also quotes Lee Keun - hee, a professor of business administration at Sogang University, as saying, «If cryptocurrency exchanges currently operate outside regulatory systems, that means there is no way for investors to be compensated in the event of a Coincheck - like hack on a Korean exchange.

On the 12th of February Business Korea quoted an official from the government ministry participating in a virtual currency task force who said: «We are positively considering the adoption of an exchange approval system as the additional regulation on cryptocurrencieOn the 12th of February Business Korea quoted an official from the government ministry participating in a virtual currency task force who said: «We are positively considering the adoption of an exchange approval system as the additional regulation on cryptocurrencieon cryptocurrencies.

Speaking to reporters after a cabinet meeting on Tuesday, Japanese finance minister Taro Aso demanded the strengthening of management systems at domestic cryptocurrency exchanges while urging regulators to «appropriately monitor» the ecosystem to protect consumers.

South Korea is also considering a Bitcoin licensing scheme for exchanges, with Business Korea quoting a government official saying: «We are positively considering the adoption of an exchange approval system as the additional regulation on cryptocurrencies.»

Users can also transfer these tokens to their friends across the platform, exchange the tokens for any other cryptocurrency within the system, spend it across the platform on goods and services, store assets in PMNC and, additionally, business owners can even add their company to Paymon.

This week, as CCN previously reported, South Korea's third largest cryptocurrency exchange Korbit told its users that foreigners will no longer be able to deposit or withdraw Korean won on local cryptocurrency exchanges once a new anti-money laundering (AML) system is integrated by the end of January.

, South Korea's third largest cryptocurrency exchange Korbit told its users that foreigners will no longer be able to deposit or withdraw Korean won on local cryptocurrency exchanges once a new anti-money laundering (AML) system is integrated by the end of January.

A member of China's top political advisory board has proposed the creation of a national cryptocurrency exchange and other regulatory systems at one of the two annual sessions of China's top legislative and advisory bodies, local news outlet Lie Yun Wang reported on March 3.

Cryptocurrency Compliance firm, Chainalysis Expands facilities by launching Chainalysis KYT A new system called as Chainalysis KYT (Know Your Transaction) which was officially launched by Chainalysis on April 5, 2018, for crypto exchanges and financial institutions.

The challenge comes from the new system, enforced on January 30, which requires cryptocurrency traders to use real - name accounts to deposit money for trading at crypto exchanges.

Since the Korean government enforced the real - name system on cryptocurrency accounts, banks have only been providing fiat deposit services to the country's four largest crypto exchanges.

Japan regulators have ushered in a licensing system for exchanges on the heels of the near cryptocurrency - Armageddon when Mt. Gox — then leader in bitcoin transactions — was shuttered amid losing hundreds of thousands of bitcoin.

As we know, traditional crypto business is focused only on issuing new cryptocurrency and its circulation, that's why it was decided to build a foundation in order to create a new economic system by combining the blockchain technology and the next generation business plan with exchange of various values and its essential effects in the Crymix project.

In a patent awarded by the U.S. Patent and Trademark Office on Tuesday, the second - largest bank in the U.S. outlined a potential cryptocurrency exchange system that would convert one digital currency into another.

Regulation The South Korean government is considering introducing an approval system for cryptocurrency exchanges based on the Bitlicense model, developed by the New York State Department of Financial Services.