Sentences with phrase «virtual currency exchanges comes»

The crackdown on Seoul - based operators of some of the world's busiest virtual currency exchanges comes as the government attempts to calm frenzied demand for cryptocurrency trading in Asia's fourth largest economy.

Not exact matches

Radtke's death comes amid a run of bad news for the Bitcoin virtual currency, largest of all the collapse of Japan's Mt Gox exchange and disappearance of $ 400 million from its account.

The announcement comes within weeks after Minister of State for Finance Arjun Ram Meghwal stated the use of virtual currencies is not authorized as a means of exchange by the RBI, and after Deputy Governor Shri R. Ghandi suggested that confidence will only be placed in a virtual currency issued by an authority.

However, the exchanges are taking heart in the fact that such lacklustre phases have come and gone for the virtual currency ecosystem in India.

This decision came in response to the media reports which suggested that the company might just halt its plan of accepting virtual currencies in the aftermath of hacking of Coincheck — one of the biggest crypto exchanges in Japan.

«After the amendment comes into force, professionals and especially exchange services between virtual and fiat currencies and custodian wallet providers will have to comply, which includes, of course, compliance with the regulations in their country of incorporation,» explains Boland.

The Central Bank of Namibia advises all consumers and merchants that caution should be presented when it comes to the use of virtual currencies in exchange for goods and services.

The Chinese government's decision to cease the operations of all cryptocurrency exchanges except for Okcoin and Huobi right before the nation's virtual currency regulations are set to come into effect, has led to speculation that the surviving exchanges may be the only cryptocurrency exchanges permitted to operate in China moving forward.

News of the death comes with the spotlight already on bitcoin thanks to the collapse of Tokyo - based exchange Mt.Gox, which last week filed for bankruptcy protection amid revelations that it has lost hundreds of millions of dollars in the virtual currency.

Bitcoin's tribulations continue, with e-wallet provider Paxum ceasing all business involving the virtual currency after coming under pressure from MasterCard and banks, and major exchange TradeHill shutting down.