Sentences with phrase «to regulate cryptocurrency»

This has made the country more proactive in trying to regulate cryptocurrency exchanges.

The Thai government is finally going to take steps to regulate the cryptocurrency market in the country.

His job involved developing rules for regulating cryptocurrency in a largely unregulated, fast - growing market the South Korean government seeks to manage.

A lot of confusion has been built around in the past two weeks about regulating cryptocurrency trading in the country.

«The finance ministry is in favor of regulating cryptocurrency,» sources said.

Indian government has completed the work on a proposal that outlines possible steps for regulating cryptocurrencies.

Previously, the South Korean government was hesitant towards regulating cryptocurrency businesses because it feared the South Korean people would consider it as an endorsement of the market.

The global watchdog is expected to consider reviewing the existing rules to regulate the cryptocurrency industry.

They will regulate the cryptocurrency transactions as well as their taxation.

A draft of a Russian law that would regulate the cryptocurrency space includes language that defines digital asset mining as a taxable activity.

Although bitcoin has been in existence for five years, most countries still do not have consistent laws regulating the cryptocurrency.

That is a business license that regulates cryptocurrency activities of both companies and individuals.

The public has been quick to heavily criticize the government for its inability to properly regulate the cryptocurrency market.

However, the government is still working on actively regulating cryptocurrency.

Other governments continued to seek to regulate cryptocurrencies out of concerns about money laundering and other fraudulent activities.

The intention is to severely regulate the cryptocurrency market and transactions.

Given the rapidly increasing number of fraudulent cryptocurrency exchanges, platforms and activities, the South Korean government urgently moved to regulating cryptocurrency exchanges and cracking down on fraudulent operations.

Driving the rise may be today's news that a South Korean financial regulator has said it has «no plans» to regulate cryptocurrency trading.

Its proponents say the protocol will help create a self - regulated cryptocurrency market in the absence of a clear government standard.

The Israeli government has been taking a hands - off approach when it comes to regulating cryptocurrencies in the nation.

But, by regulating the conversion to fiat they give the appearance of regulating the cryptocurrency.

Japanese lawmakers have previously cited the exchange's failure as a key driver in the move to regulate the cryptocurrency industry.

Earlier this week, the South Korean Government has created a virtual currency task force in order to regulate cryptocurrency transactions.

Finland's Financial Supervisory Authority does not regulate cryptocurrency trading, so it is solely the banks» initiative as they try to adhere to anti-laundering rules, which require them to know their customers and the origins of their money.

-- Reuters picBUENOS AIRES, March 20 — The world's financial leaders gathering in Argentina yesterday are likely to stop short of any specific action aimed at regulating cryptocurrencies such as bitcoin, amid discord over the approach, sources at the summit told Reuters.

Instead, South Korea will be focusing on regulating cryptocurrency exchanges.

Russia's upcoming draft law on regulating cryptocurrencies like bitcoin and fundraising through ICOs will be submitted on December 28.

He added that both South Korean and the United States are looking at regulating cryptocurrencies.

France is the first European country to regulate cryptocurrency derivatives in a move that could signal a whole raft of inter-jurisdictional regulation for this sector.

As such, there are still concerns regarding the cryptocurrency market, but hopefully, the new reforms coupled with stricter regulations, laws and mechanisms to effectively regulate cryptocurrencies dealings will hopefully decrease the threat of digital currency misuse in the country.

in a radio interview with TBS Radio, «The government stance is that it needs to regulate cryptocurrency investment as it is a largely speculative investment... The shutdown of virtual currency exchanges is still one of the options (that the government has).»

A few banks in the country, including Banco CTT, Caixa Geral de Depósitos, and Novo Banco revealed potential clients can use their services to transfer to and from regulated cryptocurrency exchanges.

Last month, Russia said it would move to regulate cryptocurrency by bringing mining and exchange under the purview of the central government.

Furthermore, the official went on to reveal ongoing efforts toward regulating cryptocurrency exchanges that will see cryptocurrencies like bitcoin under a singular legislation of retail payment services alongside public cautions of risks in cryptocurrency investments.

The FCA states that it does not currently regulate cryptocurrencies themselves (i.e. those designed primarily as a means of payment / exchange).

Israel has notably veered away from heavily regulating the cryptocurrency market and, with this move, maintained its willingness to adapt new technological advances.

The Coincheck heist emphasized the risks with which policymakers are confronted with when regulating cryptocurrency trading.

Mexico is just one signature away from regulating cryptocurrency after a law setting out its position passed the lower house Thursday, Reuters reports Mar. 2.

And even as recently as December 13, 2017, the Maduro government sought to regulate cryptocurrency mining as the newly minted superintendent of cryptocurrencies, Carlos Vargas, announced the compilation of a detailed registry of cryptocurrency miners in the country.

the central bank was against regulating cryptocurrencies as currency (as a payment for goods and services) and against equating them with a foreign currency.

Yang's comments also come at a time when other major Asian governments have already moved to regulate cryptocurrencies under anti-money laundering rules to prevent financial crimes.

Furthermore, Russia was analysing the possibility of regulating cryptocurrency fundraising in the territory.

Vladimir Putin publicly remarked that Russia would do better to regulate cryptocurrency comprehensively rather than partially.

Similarly, the British government last month began mounting a crackdown on Bitcoin amid rising concerns about money laundering and tax evasion, with UK Treasury revealing it was looking into regulating cryptocurrencies.

The European Union (EU) is ready to regulate cryptocurrencies immediately and could begin drafting new legislation within months, according to the bloc's top financial services chief...

Firouzabadi said in November of last year that although the HCC «welcome [s] Bitcoin,» they also see a need for regulating cryptocurrencies within the country and are working with the Central Bank of Iran on a crypto study that aims to clarify how regulations could work.

Gemini is a fully regulated cryptocurrency exchange founded by the Winklevoss twins, two of the most prominent bitcoin investors.

According to the Bank of Korea Governor Lee Ju - yeol, «it's understandable that the government is pushing ahead with its plans to further regulate the cryptocurrency market, as the prices of cryptocurrencies are showing sudden ups and downs.