This time it was related to a possible cryptocurrency
trading ban in the Asian country.
It is not correct to solely justify these recent events with
the trading ban in China and South Korea.
Cointelegraph contributor Joseph Young reported via his personal Twitter account that there will be «
no trading ban in the short term» and that a final decision has yet to be made.
Earlier this month, almost immediately after unverified reports about cryptocurrency
trading ban in India were released, local cryptocurrency exchanges Zebpay, Coinsecure, and Unocoin, which have over a million users on their platforms, reaffirmed that the government's stance towards the local cryptocurrency exchange market has not changed, and it remains neutral.
However, in the past 24 hours, the price of Bitcoin Cash increased from $ 995 to $ 1,250, with volume heavily concentrated on OKEx, the Hong Kong - based cryptocurrency exchanges operated by OKCoin, formerly the largest cryptocurrency exchange in China prior to the country's cryptocurrency
trading ban in September 2017.
The Blue House, the executive office of the South Korean President, has announced that there will be no cryptocurrency
trading ban in the short - term.
In the afternoon of January 11, the South Korean government made an official announcement to the public through the Blue House that it will not impose a cryptocurrency
trading ban in the short - term, and that the premature statement of Justice Minister Park does not reflect the stance of the South Korean government.
On March 21, local cryptocurrency - focused media outlets reported that the NHN funded OKCoin — formerly the biggest cryptocurrency exchange in China prior to the country's cryptocurrency
trading ban in 2017 — was to launch OKCoin Korea.
Next, on August 9, the SEC issued a temporary
trading ban in shares of CIAO Group (recently renamed as NuMelo Technology) due to questions regarding the accuracy of various public statements relating to certain business plans and a planned ICO.
South Korea's finance minister Kim Dong - yeon silenced persistent rumors of a potential government - enforced crypto
trading ban in a statement released today, according to Reuters.
Threats of a potential cryptocurrency
trading ban in South Korea have scared many investors away, but some veterans of the young market are defiant, saying restrictions would be relatively easy to circumvent.
Threats of a potential cryptocurrency
trading ban in South Korea have scared many investors away, but some veterans of the young market are defiant, saying restrictions would be relatively easy to circumvent.
New York passed an ivory
trade ban in 2014, which has helped spur action to protect elephants from the current poaching crisis.
Not exact matches
DUBAI, April 28 - Iran has developed an experimental local cryptocurrency, a government minister said on Saturday, days after the country's central bank
banned trading in digital currencies including bitcoin.
In theory, the U.S. Commerce Department's move earlier this week to slap a seven - year
ban on the sale of American products to ZTE Corp., China's second - largest telecommunications equipment manufacturer, was all about national security and had nothing to do with
trade.
InTrade — the go - to platform during the 2012 election — shut down
in 2013 after the CFTC said certain activity constituted «off - exchange options
trading» that it
banned.
But: a) This doesn't mean the regulator will definitely nix the takeover; and b) This does, of course, come
in the context of a U.S. - China
trade spat, and the U.S.'s decision earlier this week to
ban China's ZTE from buying U.S. tech for seven years.
Saudi Arabia, United Arab Emirates, Bahrain, and Egypt imposed
trade and travel
bans on Qatar
in 2017, blaming the country for supporting terrorism.
In January, a senior Chinese central banker said authorities should
ban trading of virtual currencies as well as individuals and businesses that provide related services.
So,
in 2008, I supported a
ban of proprietary
trading because I believed it did not provide long - term benefits, gratuitously goosed CEO paychecks, and fueled excessive risks for banks and their customers.
From a halt to virtual currency
trading on domestic exchanges to
banning initial coin offerings, regulators have taken a proactive role
in shaping the stratospheric rise of Bitcoin and its peers.
The direct impact on listed companies may be limited as
trade between China and its isolated northern neighbour has slowed substantially since the United Nations imposed a
ban in September on North Korean exports of coal, iron, iron ore, lead, lead ore and seafood.
China received its first shipments of American beef
in on Friday, after the two nations agreed to lift a 13 - year
ban on the
trade in May.
Though thick, lavishly illustrated Sunday papers became popular
in the United States during the late 19th century as a form of weekend leisure, religious pressure to
ban labour and
trade on Sundays assured that Saturday papers remained the more popular weekend reading
in Canada — something cemented by the passing of the federal Lord's Day Act
in 1906.
B.C. upped the ante Monday
in its cross-boundary
trade dispute with Alberta, by invoking the dispute settlement process over the wine
ban under Canada's free -
trade agreement.
Indeed, the
ban has left around five dozen platforms
in China — websites that promote and list the tokens, usually
in return for money or a portion of the offering, so they can be
traded —
in limbo.
The most populous nation on earth instated the
ban in 2000 for fear of corrupting its youth, but will now allow for distribution of consoles
in the Shanghai Free
Trade Zone — a 29 - square - kilometer testing ground for new economic reforms established last year.
Tesco, a $ 77 billion company, will begin the
ban in September, when kids go back to school, according to the reporter
in a
trade publication, The Grocer.
The news followed an announcement
in late December the South Korean government is
banning new
trading accounts, and requiring users to use their real names.
China cracked down on cryptocurrencies
in September 2017, with authorities
banning bitcoin
trading and initial coin offerings after the People's Bank of China said such activities could pose major financial risks to the world's second - largest economy.
In May last year, the FCA banned John Christopher Hughes «from performing any function in relation to any regulated activity in the financial services industry for failings related to the $ 2.3 billion unauthorised trading losses by another trader Kweku Adoboli.&raqu
In May last year, the FCA
banned John Christopher Hughes «from performing any function
in relation to any regulated activity in the financial services industry for failings related to the $ 2.3 billion unauthorised trading losses by another trader Kweku Adoboli.&raqu
in relation to any regulated activity
in the financial services industry for failings related to the $ 2.3 billion unauthorised trading losses by another trader Kweku Adoboli.&raqu
in the financial services industry for failings related to the $ 2.3 billion unauthorised
trading losses by another trader Kweku Adoboli.»
China cracked down on cryptocurrencies
in September 2017, with authorities
banning bitcoin
trading and initial coin offerings
As it currently stands, the prospect of a crypto
trading ban is extremely unpopular
in South Korea.
Earlier
in March, it was revealed that South Korea's government had
banned all its officials from holding and
trading cryptocurrencies.
As we saw
in China, a domestic
ban will simply lead investors to offshore
trading accounts.
In China, over the last several months, regulators shut down vast swathes of the cryptocurrency world,
banning token offerings (ICOs) and demanding that
trading on cryptocurrency exchanges cease.
Sweden's Financial Supervisory Authority will not take any action
in response to a Scandinavian bank's recent decision to
ban its employees from
trading cryptocurrencies, even when they are off the clock.
Senior officials at South Korea's financial watchdog have compared speculative
trading in bitcoin to a «Ponzi scheme» and say they are mulling a
ban.
Worried over risks of speculative
trading,
in September South Korea
banned initial coin offerings, or raising money through bitcoin or other virtual currencies.
Banks
in Chile have closed the accounts for three of the country's cryptocurrency
trading platforms, sparking fears of an outright blanket
ban in South America's wealthiest nation.
At the very time EU and North American
trade officials were working out how Europe could conform with the WTO decision, Sarkozy's government came up with a new
ban on a Monsanto corn variety that had previously been approved for cultivation
in France.
In the internal memorandum, sent to approximately 17,000 brokers at Merrill Lynch and Merrill Edge, a
trading sub-unit where clients manage their own
trades, the company purportedly justifies the
ban due to concerns about the «suitability and eligibility standards of this product.»
Korean leaders to meet at North - South border on Friday: BBC Chinese geologists say N. Korea's main nuclear test site has likely collapsed: WaPo China air force intimidates Taiwan with military flights around island: Reuters Conservative Supreme Court justices appear to back Trump's travel
ban: The Hill French president expects Trump will withdraw from Iranian nuclear deal: BBC Rising interest rates keep Wall Street on edge: CBS Investors will focus on various inflation numbers
in days ahead: Bloomberg A closer look at the 10 - year Treasury yield's rise to 3 %: Calafia Beach Pundit T. Rowe Price's assets under mgt top $ 1 trillion — a sign of active mgt growth: P&I World
trade volume slumped 0.4 %
in Feb, first monthly loss since Oct: CPB
The issuance of new cryptocurrencies, which were
banned in South Korea six months ago, has returned to the country via overseas listings for local
trading.
Furthermore, while it advises its staff against
trading in cryptocurrencies, it has yet to introduce a hard
ban on the employee side, according to company spokesman Kenni Leth.
DUBAI (Reuters)- Iran has developed an experimental local cryptocurrency, a government minister said on Saturday, days after the country's central bank
banned trading in digital currencies including bitcoin.
In one of its Financial Services Policy updates, Google has decided to
ban advertisements promoting cryptocurrencies and the related content which includes initial coin offerings (ICOs), cryptocurrency exchanges, cryptocurrency wallets, and cryptocurrency
trading advice, starting from June this year.
Investors and exchanges
in South Korea were bracing themselves for what was understood as a potential government - issued
ban on cryptocurrency
trading; but conflicting reports from different parts of the government are now surfacing, leaving the global community rocking on its heels.
South Korea's government has confirmed it has «no intention» of
banning or «suppressing» cryptocurrency
trading in fresh comments on the industry.
Earlier
in 2018, the price of bitcoin fell overnight, following reports that South Korea had decided to
ban cryptocurrency
trading.