Sentences with phrase «trading of virtual currencies»

The nation will prioritize transparency in trading of virtual currency within the boundaries of the current law, and block illegal and unfair activities, but ruled out banning trading.

All kinds of initial coin offerings (ICO) will be banned as trading of virtual currencies needs to be tightly controlled and monitored.

The nation will prioritize transparency in trading of virtual currency within the boundaries of the current law, and block illegal and unfair activities, but it stopped short of banning trading.

Justice minister Park Sang - ki said the government was preparing a bill to ban trading of the virtual currency on domestic exchanges.

SHANGHAI / BEIJING (Reuters)- China's largest bitcoin exchanges are awaiting clarification from the government following more media reports that Beijing is planning to ban trading of virtual currencies on domestic exchanges, but markets were largely subdued on Monday.

The Chinese government previously banned initial coin offerings and halted trading of virtual currencies on local exchanges for a period in 2017.

Separately, a senior Chinese central banker said authorities should ban centralized trading of virtual currencies as well as individuals and businesses that provide related services.

That was largely fueled by a Reuters report quoting a senior Chinese banking official who said that centralized trading of virtual currencies would be banned in China.

Crypto crackdown China, home to the world's biggest community of Bitcoin miners, is cracking down on cryptocurrency activity, haling trade of virtual currencies on domestic exchanges and banning initial currency offerings.

The people said that regulators will likely have to tolerate noncommercial trading of virtual currencies.

Bitcoin's massive correction on Friday forced Coinbase to halt trading of the virtual currency twice.

The appeal argues that the latest government regulations of cryptocurrency trading released last week, which seek to make trading of virtual currencies in South Korea non-anonymous, are «unconstitutional».

As concerns grow over crypto - mania in the country, South Korea's government is doubling down on efforts to rein in trading of virtual currencies like bitcoin.

In my opinion, these actions are largely aimed at averting risk and protecting investors» interests while also being an opportunity to further regulate trading of virtual currencies,» Songcheng said at the time

The Financial Services Commission (FSC) said it will prohibit all forms of the blockchain funding method «regardless of technical terminology,» while margin trading of virtual currencies will also be illegal following the ruling.

The Financial Services Commission said all kinds of initial coin offerings (ICO) will be banned as trading of virtual currencies needs to be tightly controlled and monitored...

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.

China — home to about three - quarters of the machines plumbing the blockchain — dominated the scene until the Communist government halted trading of virtual currency, banned initial coin offerings and shut down mining in recent months.

As noted by ZDNet, «The Blue House, Korea's equivalent to the US White House, said the country will seek to increase transparency in cryptocurrency trading by stamping out illegal activities» — meaning it «will prioritize transparency in trading of virtual currency within the boundaries of the current law, and block illegal and unfair activities.»

The proclamation made reference to an announcement by Justice Minister Park Sang - ki the week prior, in which he claimed that the government was preparing a bill to prohibit the trade of virtual currencies through exchanges, causing alarm in the Korean cryptocurrency community.

The UK cryptocurrency community is calling on the Government and the Financial Conduct Authority to toughen up rules governing the trading of virtual currencies and to issue licenses to firms which demonstrate compliance.

Last week, the Ministry of Justice announced that it was planning to propose a law to shut down the trading of virtual currency on exchanges, calling it «gambling.»

South Korean law enforcement agencies are raiding local cryptocurrency exchanges to look into tax evasion, while the government is simultaneously considering banning the trade of virtual currencies there, reports Reuters.

South Korea's government continues its efforts to rein in the trading of virtual currencies such as ether and bitcoin with a new announcement from South Korea's Financial Services Commission.

The Seoul government is moving to impose new regulations against the trading of virtual currency, though involved ministries are yet to agree on the extent.

Last week, the Justice Ministry said it planned to ban the trading of virtual currency in exchanges altogether, but the Economic Ministry rebutted this.

Trading of virtual currencies has increased globally and have given extraordinary returns.

Several banks have also gone a bit further by closing accounts involved in the trading of virtual currencies.

At a press conference this morning, Justice minister Park Sang - ki said that the government is drafting a bill that would ban all trading of virtual currencies on exchanges located in South Korea.

Moreover, the trading of virtual currencies needs to be controlled and monitored more tightly.