Sentences with phrase «use of cryptocurrencies in»

The reason for the further devaluation of bitcoin was the reports that Chinese regulators were going to further tighten control over the use of cryptocurrencies in order to cease capital outflows from China.

«The customs office added that it would continue to monitor the use of cryptocurrencies in cases like illegal currency trading or money laundering,» Reuters explained.

The Financial Action Task Force (FATF), a global inter-governmental body that aims to tackle financial crime, has said it will step up its efforts in monitoring the use of cryptocurrencies in money laundering.

Ray emphasized that the statement of India's Finance Minister Arun Jaitley was misinterpreted by the media which reported it as a ban on cryptocurrencies when Jaitley simply noted that the use of cryptocurrencies in illegal activities will be prohibited and restricted.

Russia's finance minister, Anton Siluanov, announced in September 2017 that his department will regulate the use of cryptocurrencies in the country by the end of 2017.

NEW DELHI: To curb the use of cryptocurrencies in India, a government panel is said to have advised closing cryptocurrency dealers in India, ETNow reported on Thursday quoting agencies.

CoinDesk Efforts to regulate the use of cryptocurrencies in South Korea are moving forward with a proposed series of legislative amendments.

Despite the chairman's words, it does not appear that there are any regulations, laws or bills aimed at curbing the use of cryptocurrencies in Kazakhstan at present.

The free flow of information about digital currencies implies active use of cryptocurrencies in trafficking illicit drugs, illegal weapons, forged documents, and other criminal activities.»

As such, it is hard to see how any country can possibly eliminate the use of these cryptocurrencies in their entirety.

The Russian Finance Ministry had previously balked on and considered prohibition of the use of cryptocurrencies in apartments which it deemed unsafe.

Even though Thailand has not banned the use of cryptocurrencies in the country, its central bank has announced that financial institutions will no longer offer crypto - related services.

LAToken (LAT), which recently raised $ 19.6 million in a token sale, wants to broaden the use of cryptocurrencies in the real economy and allow cryptocurrency holders to diversify their portfolio by getting access to tokens linked to the price of real assets.

in a token sale, wants to broaden the use of cryptocurrencies in the real economy and allow cryptocurrency holders to diversify their portfolio by getting access to tokens linked to the price of real assets.

EY bitcoin analyzer, which is EY's first in a suite of audit tools that will support cryptocurrency exchange and marketplace audits, to meet the growing use of cryptocurrencies in everything from banking to industry - specific industry coins.

As the real estate market needs great liquidity and, in the case of the corporations, they may not remain with the Bitcoins and need to convert them into currency, it may be, in addition to the intervention of the regulatory bodies, one more obstacle to the expansion of the use of the cryptocurrencies in the real estate market.

com MAR 2018 intervention of the regulatory bodies, one more obstacle to the expansion of the use of the cryptocurrencies in the real estate market.

The Central Bank of Swaziland (CBS) is exploring the use of cryptocurrencies in the country even though it remains cautious of them.

A new bill introduced by a U.S. lawmaker calls for the formation of a task force to combat the use of cryptocurrencies in financing terrorism.

The move comes after the Spanish finance ministry called the use of cryptocurrencies in organized crime a «pressing challenge.»

A bill currently in the House of Representatives calls for a report on (and strategy to combat) the use of cryptocurrencies in financing terrorism, laundering money, evading US sanctions, and otherwise threatening American national security.

India's finance minister said Thursday that the country wants to «eliminate» the use of cryptocurrencies in criminal activities.

Meanwhile, Andrey Kostin, president and CEO of VTB Bank, told CNBC Tuesday that he is «a little bit skeptical» about the use of cryptocurrencies in general.

An Iranian newspaper says the country's Central Bank has officially banned the use of cryptocurrencies in financial transactions in order to «prevent crimes such as money laundering and terrorism.»

TEHRAN, Iran — Iran's Central Bank has officially banned the use of cryptocurrencies in financial transactions in order to prevent money laundering and terrorism, a newspaper reported Monday.

The widespread use of cryptocurrency in various scenarios will usher in a new future for the airline business, lodging industry, OTA and the entire tourism sector.

The government also hopes to prevent the use of cryptocurrency in illegal activity.

The upward surge in Bitcoin prices coupled with rising use of cryptocurrency in Indian sub-continent has led to rightful government intervention.

Government Regulated KYC In Cards For Trading of Bitcoins In India The upward surge in Bitcoin prices coupled with rising use of cryptocurrency in Indian sub-continent has led to rightful government intervention.

U.S. lawmakers are eyeing the formation of a new task force to combat the use of cryptocurrency in financing terrorism and other illicit uses.

Russia certainly hasn't wasted time moving to establish formal regulation of the use of cryptocurrency in the country over the past year.

While the KCS did not disclose whether it is taking any legal actions currently against these businesses, it said it will continue the effort in investigating on similar activities as well as illicit use of cryptocurrency in money laundering and smuggling illegal goods such as drugs.

The South Korea government is investigating the use of cryptocurrency in illegal foreign currency exchange, according to a statement.

Yet, Shanmugaratnam stated in his written response that the institution is aware of the possible use of cryptocurrency in illicit activities such as money laundering and is taking relevant measures to tackle the issue.

South Korea has doubled down on its commitment to eliminating the use of cryptocurrency in illicit financial activities, while expressed a will to foster the country's blockchain development.

The use of cryptocurrency in the modern day has shown that there is a strong need for digital currency.

South Korea has doubled down on its commitment to eliminating the use of cryptocurrency in illicit financial activities, while expressed a will to...

Not exact matches

On its website, Verge is described as a cryptocurrency which «improves upon the Bitcoin blockchain» and uses open - source software like Tor and I2P — both of which have been used in connection to the former trading site for illicit goods, the Silk Road.

Because of this heightened risk environment, cryptocurrency experts strongly discourage leaving tokens in the custodianship of exchanges, and instead using a local wallet.

As security consultant Scott Helme first noted on Sunday, sites using Texthelp's Browsealoud plugin were leeching off the computing power of those visiting the sites, in order to mine cryptocurrency.

Over the past decade, patient investors benefited greatly from one of the longest economic expansions in U.S. history, using stocks, gold and even cryptocurrency as vehicles of profit.

Power consumption for all cryptocurrencies is on track to use more electricity in 2018 than the whole of Argentina, according to Bloomberg.

«The criminal profits were also laundered via cryptocurrencies, by means of prepaid cards linked to the cryptocurrency wallets which were used to buy goods such as luxury cars and houses,» Europol said in a statement.

Blockchain, a digital ledger of transactions, underpins cryptocurrencies in general and can be used to track, record, and transfer assets across all industries.

«The government does not recognize cryptocurrency as legal tender or coin and will take all measures to eliminate the use of these crypto - assets in financing illegitimate activities or as part of the payment system,» Arun Jaitley told lawmakers in New Delhi, according to a transcript by The Hindu newspaper.

Part of the reason for the lack of filings — especially for a year that saw investor interest in cryptocurrencies surge — is that every single trade and purchase using cryptocurrencies is considered a taxable event by the IRS.

MoneyGram, based in Dallas, Texas, will use the XRP cryptocurrency to speed up and reduce the cost of transferring money through Ripple's payment network xRapid.

Police in the north China city of Tianjin confiscated 600 computers used to mine bitcoin cryptocurrency after the local power grid operator reported abnormal electricity usage, Xinhua reported Wednesday.

In the early days of bitcoin, enthusiasts could use ordinary video graphics cards to profitably process computations needed to mine the cryptocurrency.

The bank pointed out «new prohibitions on using credit cards to buy cryptocurrencies, implying that perhaps a substantial amount of Bitcoin buying in 2H17 had been funded with credit cards.»