Sentences with phrase «virtual currency trading did»

«ICOs and virtual currency trading did not completely withdraw from China following the official ban... after the closure of the domestic virtual currency exchanges, many people turned to overseas platforms to continue participating in virtual currency transactions,» the Financial News article said.

«ICOs and virtual currency trading did not completely withdraw from China following the official ban... Overseas transactions and regulatory evasion have resumed... [R] isks are still there, fuelled by illegal issuance, and even fraud and pyramid selling.»

However, the Chinese have admitted that ICOs and virtual currency trading did not completely withdraw from the country following the official ban — many people turned to overseas platforms.

«ICOs and virtual currency trading did not completely withdraw from China following the official ban,» the story continues.

Not exact matches

It noted that trading prices of most virtual currencies were much higher on South Korean exchanges than they were on exchanges in other countries, although it did not provide specific examples.

Even many people who believe in virtual currencies worry that the mixture of loose controls and booming trading at the world's largest exchange is likely to cause trouble for all the investors piling into virtual currencies, even those who don't go near Bitfinex.

The bill defines virtual currency as «a digital representation of value that can be digitally traded and functions as a medium of exchange, a unit of account, or a store of value but does not have legal tender status as recognized by the United States government.»

««Virtual currencies» means a digital representation of value that is neither issued by a central bank or a public authority, not attached to a legally established currency, which does not possess the legal status of currency or money, but is accepted by natural or legal persons as a means of exchange or for other purposes, and can be transferred, stored or traded electronically.

De Voogd claims that BTC.ee did not allow third - parties to participate in the virtual currency trade, limiting the scope of the site to his personal dealings with the users.

But most exchanges where investors traded virtual currencies don't provide these forms to help with tax reporting.

For example, if Bitcoin is not a currency, then Bitcoin forwards and Bitcoin swaps that involve the exchange of Bitcoin for another currency will not fall under the statutory definitions of the more lightly regulated foreign exchange forwards or foreign exchange swaps.10 Likewise, retail trading of Bitcoin derivatives will be limited to designated contract markets, rather than subject to the retail foreign exchange dealer regulations.11 Treating Bitcoin as a commodity that is not a currency dovetails with the stances taken by other U.S. regulators such as the Financial Crimes Enforcement Network (FinCEN)(virtual currency does not have all of the attributes of real currency) 12, the Securities and Exchange Commission (Bitcoin investments are investment contracts because Bitcoin is a form of money) 13 and the Internal Revenue Service (treating Bitcoin as property for tax purposes).14

The proposal defines «virtual currencies» as a digital representation of value that can be digitally transferred, stored or traded and accepted by natural or legal persons as a medium of exchange, but does not have legal tender status.

«To be clear, the CFTC does not regulate the dozens of virtual currency trading platforms here and abroad,» Giancarlo said, clarifying that the CFTC can't require cyber protections, platform safeguards and other things that consumers might expect from traditional securities.

However, these announcements don't make these virtual currencies, or trading in them, against the law.

Many virtual currency investors didn't know how to report their coin trades on their individual tax returns, and many more didn't know that crypto income had to be reported at all.

The article declared that ICOs and virtual currency trading «did not completely withdraw from China», despite the government's industrious attempts to implement a nationwide ban on cryptocurrency - related activities.

Namibia's Trade Command Act of 1966 acknowledges that «In addition to the bank not recognizing virtual currencies as legal tender in Namibia, it also does not recognize it to be a foreign currency that can be exchanged for local currency.

Not only does this give precedent for CFTC to more aggressively pursue fraud, the CEA has broad implications on the regulation of exchanges, meaning the various coin swapping platforms virtual currencies are traded on now, like Coinbase, may become a target for CFTC in the near future.

The slow pace of real - name trading is that investors do not need to confirm their real name if they do not intend to spend more money on virtual currency.

Presently, the Indian government and regulators do not authorize any exchange to trade in virtual currencies and have also warned people against making investments in such highly volatile currencies.

Ethereum, for example, has been referred to as a blockchain solution without the baggage and regulation of bitcoin - yet as a public blockchain (ie: one that is not privately controlled and that has an asset value that typically trades on public exchanges), it faces the exact same regulatory issues that bitcoin does as a virtual currency (KYC, AML, MTL, etc).