While Korean authorities haven't
banned cryptocurrency trading outright, one senior government official confirmed regulators will «consider» the shutdown of cryptocurrency exchanges, if necessary, in the future.
The Chinese government has already
banned cryptocurrencies in general as well as all initial coin offerings (ICOs) throughout the entire country.
A Malaysian finance minister has said the government will
not ban cryptocurrency trading, though it will remain cautious on the technology.
The decision to
ban cryptocurrency purchases with certain credit cards follows the sharp decline virtual coins have suffered after going through the roof at the end of last year.
Additionally, last week, the global email marketing giant, Mail champ announced its intention to
ban cryptocurrency related emails.
Some governments have started crafting regulatory frameworks for cryptocurrency; others have moved to
outright ban cryptocurrency; and many governments have not taken an official stance on the technology.
However, the deputy PM stressed that the intent is not to
ban cryptocurrency activities, such as trading and initial coin offerings, but rather to establish formal rules to protect investors.
That's the highest it's been since the country's regulators said they would
ban cryptocurrency traders from using anonymous bank accounts last month.
The chat groups now risk being shut down as a new development shows that after
banning cryptocurrency exchanges, traders are still trading in the chat platforms.
South Korean policymakers have taken some measures, such as
banning cryptocurrency trading from anonymous accounts and they also plan to implement a tax on the digital assets.
Some governments have started crafting regulatory frameworks for cryptocurrency; others have moved to
outright ban cryptocurrency; and many governments have not taken an official stance on the technology.
More concerns have emerged about the sector this week as Facebook
banned cryptocurrency advertisements and US regulators began investigating tether, a cryptocurrency that some fear has been used to inflate the value of bitcoin.
Soon after, Facebook and
Google banned cryptocurrency ads on their platforms that have not been thoroughly vetted by the SEC, and Capitol Hill started buzzing with talk about which agencies should be regulating cryptocurrencies, and how they should be going about it.
India virtually
banned cryptocurrencies like bitcoin with the Reserve Bank of India barring regulated entities from providing services to any individual or business dealing in digital currencies.
The Bank of England's Governor Mark Carney made an inaugural speech at the Scottish Economics Conference in Edinburgh, in which he said that
banning cryptocurrencies did not make sense.
The dips seem to be tied to a report that China —
which banned cryptocurrency exchanges last year — is taking more action against other online and app - based services that offer exchange - like functionality.
The regulator's attempts to introduce restrictions or
even ban cryptocurrency exchanges were met with fierce opposition and forced authorities to backtrack on their decisions.
Later, South Korea's presidential office confirmed that the government has «not finalized» on any such decision
about banning cryptocurrency trading activities in the country.
In a startling move, the Reserve Bank Of India (RBI)
virtually banned cryptocurrencies on April 5, 2018, as they passed a mandate which bars banks and regulated financial institutions from providing services to any individual...
The company has faced an uphill battle to grow since being effectively ousted from their homeland base in Shanghai, China in September due to Chinese
government banning cryptocurrency trading in the country.
Earlier on January 11, Justice Minister Park stated that the Justice Ministry is drafting a bill that would
effectively ban cryptocurrency trading for both foreigners and citizens.
In October, Vietnam
banned cryptocurrency payments, with the State Bank of Vietnam declaring that Bitcoin was not a legal payment method from the start of next year.
We assess that as South Korea responds to these attempted thefts by increasing security (and
possibly banning cryptocurrency trading) they will become harder targets, forcing North Korean actors to look to exchanges and users in other countries as well.
One of the reasons for the Ripple to hit a low was when Google made an official announcement to
ban cryptocurrency based ads June onwards.
But Facebook
recently banned all cryptocurrency ads for frequently being associated with financial grifts, and numerous high - profile scams have scared many newcomers away from the space.
Phrases with «to ban cryptocurrency»