Sentences with phrase «virtual currency operation»
This is so as the company was the first to receive the virtual currency operation license.
https://captainaltcoin.com/
The limited purpose trust company charter awarded to itBit allows the company to commence its virtual currency operations immediately, sidestepping the soon - to - be-announced final BitLicense framework.
According to local reports and the central bank's recent «2018 agenda,» the People's Bank of China aims to finish what it started in 2017 by «rectifying» all virtual currency operations, introducing new «reforms and supervision.»
Not exact matches
Because defendants sold far more computing power than they owned and dedicated to virtual currency mining, they owed investors a daily return that was larger than any actual return they were making on their limited mining operations.»
ETHNews previously reported that Chinese virtual currency exchanges Huobi and OKCoin will cease their operations by October 31, 2017.
In April, it ordered two virtual currency marketplaces to suspend operations and issued a «business improvement order» to another.
In the first ever operation, French police have shut down an illegal Bitcoin exchange, and in the process seizing 328 «virtual currency units» worth around 200,00 Euros, or $ 272,800 at current exchange rates.
The increasing interest around Blockchain technologies in 2017 led the CTFC to release a Primer on Virtual Currencies which acknowledged that Blockchain technologies can be used by governments, financial institutions and cross-industries to optimize everyday operations via a Blockchain system.
Bitcoin exchange service Bitstamp suspended its operations temporarily after cybercriminals stole $ 5 million worth of the virtual currency after a hack.
However, the Enrollment Program still ensures that the State monitors the operation of virtual currency businesses as enrollees must respond to surveys, investigations, audits, and questionnaires «for the purpose of [allowing the Department of Business Oversight to] gather -LSB--RSB- information and to ascertain detailed facts about the enrollee's business model, capitalization and net worth, and cybersecurity, among other things.»
These operations include the storage and transfer of information and digital assets, such as virtual currency.
A virtual currency Auction House remains in operation.
If you have received your upgrade notice for the NEW Wirex Account, with currency accounts and virtual debit cards, here's how to upgrade... We're proud to introduce the most advanced crypto - friendly personal finance platform in operation worldwide.
No - one monitors whether virtual currency institutions have sound and responsible business operations.»
The BitLicense warrant, which has been functional since August 2015 is issued by New York State Department of Financial Services approving the operation of virtual currency exchanges.
MANILA, Philippines - The Bangko Sentral ng Pilipinas has approved the registration of two companies to engage in the operation of bitcoin exchanges as part of efforts to regulate the fast growing but potentially risky virtual currency industry.
The BitLicense authorizes Coinbase's continuing virtual currency business operations in the state of New York and is seen by many as an assurance marker for bitcoin exchanges operating within the US to be regarded as a transparent, safe and secure.
Officials said the SIT recently held a meeting in the national capital during which it was briefed about the overall scenario of the operations of this virtual currency in the country.
Japan's Financial Services Agency (FSA) has authorized the operation of four new virtual currency exchanges in the country.
«The analysis also reflected the fact that the number of virtual currency transactions has doubled since last October when Upbit began operations,» Kyeonggi Daily added.
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.
We aim to revolutionize the FinTech sector using blockchain technology — our work includes operation of the bitFlyer integrated virtual currency platform, in - depth blockchain research, and the R&D of our original blockchain miyabi.
Plans for a Malta Digital Innovation Authority were revealed last month, and the country is in the process of formalizing a «Virtual Currency Act» that will pave the way for a first - of - its - kind auditing framework made specifically to regulate blockchain - driven investment operations such as token sales.
The New York Department of Financial Services has granted the popular crypto platform a licence for business operations with virtual currency.
The Bitlicense, which authorizes Coinbase's continuing virtual currency business operations in the state of New York, is an important validation of our highest priority: to operate the most secure and compliant digital currency exchange in the world.
This decision by WU is expected to adversely affect the operation of virtual currency exchanges, as well as the consumers using cryptocurrencies.
The latest reports claimed that authorities have already mandated Beijing - based virtual currency exchanges to stop their trading operations and immediately inform clients about their closures.
All the exchange providers and other companies that deal with virtual currency will need to be registered by the FSA before they can start operation.
«Virtual currency is currently unable to function as a means of payment and it is being used for illegal purposes like money laundering, scams and fraudulent investor operations.
Bitcoin exchange Bitcoinica has shut down its operations after an online hacker breached its defences and stole $ 90,000 worth of the virtual currency.