The governor iterated that the government should not consider South Korean investors as «foolish and insane» speculator, but
instead regulate the cryptocurrency market to prevent false information and fraudulent operations from affecting local 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.
«The FSC has acknowledged a third - party view regarding [a reversal of the ban], but there's nothing that we can say officially at the moment,» he said, adding that while the government is working to
regulate the cryptocurrency market, it does not plan to regulate the digital assets themselves.
The GBX is working to lay the foundation for the global expansion of
a regulated cryptocurrency market with all proceeds raised in our token sale event helping further this vision and make it a reality.»
Since there is no mechanism to
regulate the cryptocurrency market, scammers take advantage of the situation.
The South Korean government is looking at ways to
regulate the cryptocurrency market, crypto exchanges included.
Kim Dong - Yeon, the Minister of Finance argued that «Blockchain technology is an important technological breakthrough to fuel the fourth industrial revolution and as such, the ministry will take a cautious approach in
regulating the cryptocurrency market.
It appears the country's ambivalent stance is at an end as the Thai Deputy Prime Minister, Somkid Jatusripitak has called for the necessary laws that will
regulate the cryptocurrency market in Thailand to be passed within the month.
At the moment, several government officials from different countries have called to
regulate the cryptocurrency market.
Other countries and international agencies are searching different ways to
regulate the cryptocurrency market.
The open source movement is uniting technology companies, legal experts and members of the blockchain community to converge on a framework that gives rise to a self -
regulated cryptocurrency market.
According to local media, the Thai cabinet has approved a draft decree that
regulates the cryptocurrency market, including ICOs.
The GBX is working to lay the foundation for the global expansion of
a regulated cryptocurrency market with all proceeds raised in our token sale event helping further this vision and make it a reality.»
A task force is scheduled to be formed by five commissions and ministries including the ministry of finance and strategy to come up with policies which shall
regulate the cryptocurrency market of South Korea.
Streaming ahead in the same direction, Thailand's government now wants to
regulate the cryptocurrency market.
The country is still firmly interested in
a regulated cryptocurrency market.
However, it's not yet clear what those further regulatory measures are, as China is still working to figure out the best ways to
regulate the cryptocurrency market.
After Coincheck's hack, cryptocurrency exchanges have been working together to self -
regulate the cryptocurrency market.
«Blockchain technology is an important technological breakthrough to fuel the fourth industrial revolution and as such, the ministry will take a cautious approach in
regulating the cryptocurrency market.
Daniyar Akishev also added that amendments to the legislation will be developed to
regulate the cryptocurrency market.
Rather than worrying about how to
regulate the cryptocurrency market, Shaktikanta Das believes that bitcoin and other cryptocurrencies should simply not be allowed at all.
Hong emphasized that the agency will likely enforce a law to prohibit officials within the agency from trading cryptocurrencies, as it would prevent the agency, which is a part of the cryptocurrency regulation task force established by the government, from being neutral and transparent in
regulating the cryptocurrency market.
Speaking on the issue, Das declared that trying to
regulate the cryptocurrency market is more than a tough task.
During this year we have seen several situations in which different countries and institutions were trying to
regulate the cryptocurrency market.
The United States isn't alone in trying to
regulate the cryptocurrency market, perhaps the most booming — albeit also very risky — investment today.
The main intention of Vladimir Putin is to
regulate the cryptocurrency market in his territory.
If any such organization is indeed formed to self -
regulate the cryptocurrency market, it will be in a good position to fetch necessary oversights of the spot market until the United States Congress finally joins the party with some on - the - ground action.
Japan and the United States are among the key players that are taking the lead in
regulating cryptocurrency markets.
However, when asked if the SEC might require additional legislative powers to
regulate cryptocurrency markets, Clayton said simply, «I think we may.»
Deputy Finance Minister Alexey Moiseev revealed the way Russian authorities are planning to
regulate cryptocurrency market in Russia.
The Treasury of the United Kingdom is also ready to
regulate the cryptocurrency market.
The government of South Korea said that it will impose new measures to
regulate the cryptocurrency market.
Vietnam, China, Nepal and other countries have also decided to
regulate the cryptocurrency market.
Different courtiers have decided to
regulate the cryptocurrency market.
The Samsung Group is a member of the Enterprise Ethereum Alliance, as well as the Korean Blockchain Association (KBA) which was established at the end of January with 66 member companies to self -
regulate the cryptocurrency market.