The silver lining, in this case, is the steps being taken to improve the security system of exchanges that will hopefully allow for a safer
trading of cryptocurrencies in 2018.
The ban will only apply to
trading of cryptocurrencies on exchanges, according to people familiar with the matter, who asked not to be named because the information is private.
Nonetheless, the organization expressed limited concerns about
leveraged trading of cryptocurrencies, the integration of crypto - assets into mainstream financial products, and the cross-border character of these digital assets.
The statement also mentioned that some members of the task force would still monitor the retail
trading of the cryptocurrencies such that they could formulate an opinion of whether they should be regulated.
Regulation Despite all its previous efforts to prevent the people it rules from engaging in the
online trading of cryptocurrencies, the Chinese government is taking further action to deter the practice.
Regulation The new South Korean cryptocurrency account system has entered into force nationwide today, ending the current practice that allowed for
anonymous trading of cryptocurrencies.
As reported in late December, Korean authorities first set upon enforcing a ban on anonymous
trading of cryptocurrencies like bitcoin as a means to crack down on financial fraud, tax evasion and money laundering.
«From bootstrapping BuyUcoin from college dorms to becoming one of the top players in the cryptocurrency market, we are continuously innovating to help people in getting a hassle free experience
with trading of cryptocurrency in India and I am proud to say that we are serving more than 200,000 people in India currently».
Choi Heung - sik, governor of the FSS, said the regulator - an executive arm of the Financial Services Commission - will make public any findings on the allegations of
illegal trading of cryptocurrency by one of its staff members.
And even
private trading of cryptocurrency arranged through chat - apps like Telegram and WeChat, for example, could fall under scrutiny, according to the Wall Street Journal.This much stricter stance on Bitcoin, beyond just exchanges but also concerning Bitcoin itself, seem consistent with comments from PBOC Counselor Sheng Songcheng, as reported by local news sources like Shanghai Securities News.
And even private
trading of cryptocurrency arranged through chat - apps like Telegram and WeChat, for example, could fall under scrutiny, according to the Wall Street Journal.
Japan's Financial Services Agency Issues License to 11 Bitcoin Exchanges In a major push to make the adoption and
trading of cryptocurrencies mainstream, Japan's Financial Services Agency has approved licenses of 11 companies to legally operate as cryptocurrency...
KyberNetwork, a new decentralized exchange for the
instant trading of any cryptocurrency, has announced they will be closing their ICO whitelist registration three days earlier than planned, due to a massive number of registrations.
The majority of
trading of cryptocurrency takes place over centralised exchanges such as Binance, Bitfinex, Okex, Coinbase, and Upbit however, there are also larger trades done peer to peer or using the services of
As previously mentioned, Bittrex does not currently have options for users to deposit fiat currencies and they only
offer trading of cryptocurrencies for other cryptocurrencies.
While cryptocurrencies are enjoying some official endorsement from Switzerland, Japan and Russia, governments in China (where the largest cryptocurrency mining is going on), the United States and much of Africa (where
market trading of cryptocurrencies has exploded) have not been too welcoming.
Lee's firm estimates that the American authorities may gain as much as $ 25 billion in capital gains taxes this year.According to him, capital gains
from trading of cryptocurrencies and stocks last year amounted to $ 1.04 trillion.
In addition to trading the dominant cryptocoins, one of CryptoHawk's primary essence also lies in further establishing and promoting the acceptability of cryptocurrencies as a means of payment in the society across all industries and sectors; from the
standard trading of cryptocurrency on exchanges to making a purchase in the local retail store using any recognized coin.
To Kalra, it appears the IDT's «only concern is to make sure that every individual who has generated some income
though trading of cryptocurrencies [knows they are] liable for taxes.»
We believe that the
worldwide trading of cryptocurrencies will continue to grow at a fast pace and we are confident that the Coindash team has the right skillset to establish Coindash as the leading social trading platform of this new multi-billion-dollar market.»
In January, the Financial Supervisory Service reportedly indicated it was investigating possible
insider trading of cryptocurrencies by its own staff and that it would make public any findings on the allegations.
Chinese regulators were rumored to have begun taking steps to shut down bitcoin exchanges in China and maybe even
stop trading of cryptocurrency all together.
The brainchild of an experienced group of blockchain developers from Russia, the Waves platform aims to facilitate the
direct trading of cryptocurrencies with fiat currencies to become the preferred platform for companies looking to leverage blockchain technology.
Ethereum and Ripple, which are the second - and third-most popular cryptocurrencies after bitcoin, also fell following reports that South Korea and China could
ban trading of cryptocurrencies.
The South Korean Financial Supervisory Service (FSS) has already started an investigation of this case and promised to make all findings on the case of
illegal trading of cryptocurrency by its staff members publicly available.
Founders Fund, the Silicon Valley venture capital firm known for its early investment in Facebook, has reportedly put money into a cryptocurrency startup that aims to optimize the
bulk trading of cryptocurrencies.