Sentences with phrase «with local cryptocurrency exchanges»

It will collaborate with local cryptocurrency exchanges to ensure that money laundering and fraudulent activities using cryptocurrencies do not occur in the local market, according to KFIU.

Later in the month, the Israeli Supreme Court sided with a local cryptocurrency exchange, Bits of Gold, against Leumi Bank, which has refused services as the crypto it traded in — Bitcoin — could not meet anti money - laundering standards.

To exchange fiat currency (in other words, US dollars) for KMD, you'll need to register for an account with a local cryptocurrency exchange like Gemini.

If you want to exchange US dollars (USD) for PAY, you'll need to create an account with a local cryptocurrency exchange like Gemini.

News The largest underground shopping mall in South Korea, Goto Mall, has partnered with a local cryptocurrency exchange to enable its 620 stores to accept bitcoin.

Not exact matches

Even if Korean lawmakers push forward with an exchange ban, local investors are likely to find ways to keep buying cryptocurrencies, said Mike Kayamori, head of Tokyo - based exchange Quoine, which counts Koreans among its customers.

Then it called on local exchanges to stop trading in cryptocurrencies and outlined proposals to discourage bitcoin mining — the energy - intensive computing process that makes transactions with the digital currency possible.

And even private trading of cryptocurrency arranged through chat - apps like Telegram and WeChat, for example, could fall under scrutiny, according to the Wall Street Journal.This much stricter stance on Bitcoin, beyond just exchanges but also concerning Bitcoin itself, seem consistent with comments from PBOC Counselor Sheng Songcheng, as reported by local news sources like Shanghai Securities News.

«I remember back in 2004, E-gold (a defunct cryptocurrency) was the only option anyone in Nigeria had to make online payments,» said Tim Akinbo, the founder of Tanjalo, a Nigerian exchange where people can buy Bitcoin with the local naira currency.

Back in September, the financial regulatory bodies in China had a major crackdown on ICOs and cryptocurrency trading by asking all the local exchanges to shut down their operations with immediate effect.

Other items on his agenda included having all local cryptocurrency exchanges and services register with the government and also abide by the Know - Your - Customer requirements by the end of 2019.

«Various scenarios such as the imposition of a value - added tax, a capital gains tax, or both on trade; and the collection of corporate tax from local cryptocurrency exchanges, as well as the initiation of authorized exchanges with licenses are being discussed.»

This suggests that the local cryptocurrency exchanges can not keep up with the cash flow demands of larger businesses.

These four features include cryptocurrency enabled credit cards that can be used for payment in local stores, a cryptocurrency exchange with support for fiat currency, a payment provider and ATMs that will allow for the instant purchase of coins with fiat money.

Bitcoin firm igot has expanded to Kenya following the acquisition of a local cryptocurrency exchange and integration with a mobile payments platform.

6 Of 10 Exchanges Ordered To Pay As local news media outlet Yonhap News Agency reports Wednesday, government officials will press forward with penalties in what some commentators view as an increasingly promising sign of bringing the domestic cryptocurrency industry under regulatory control.

As per the latest reports published by the National Police Agency of the Republic of Korea (South Korea), it has been confirmed that hacker from other side of the border have been targeting the local South Korean Bitcoin Exchanges with multiple attempts to steal the cryptocurrency.

«The cryptocurrency approach shares the work with other companies because the actual exchange of local currency into or out of the cryptocurrency can be done by an exchange,» says Rosedale.

Thai Digital Asset Exchange (TDAX), a local cryptocurrency exchange will no longer carry out any transactions with its aExchange (TDAX), a local cryptocurrency exchange will no longer carry out any transactions with its aexchange will no longer carry out any transactions with its accounts.

The Spanish Tax Agency (AEAT) has sent information requests for customer data to 60 companies associated with cryptocurrencies, including financial firms, intermediaries like crypto exchanges and ATMs, and companies that accept crypto as a payment option, local news outlet El Economista reported yesterday, April 5.

As CCN reported, India - based cryptocurrency trading volume had already plummeted by 90 percent in recent months as banks themselves had already begun to restrict the ability of cryptocurrency exchanges to secure access to financial services and locals to trade with funds stored in Indian bank accounts.

Chosun, one of South Korea's largest mainstream media outlets, reported that local financial authorities and law enforcement have begun to crackdown on cryptocurrency exchanges with deceptive marketing and fraudulent operations.

Due to the precarious environment, some local cryptocurrency exchanges have to deal with a lot of currency risk, not only to get bitcoin but also because they have to cover operational expenses with a local currency that is very volatile and unreliable.

According to Yujin Investment & Securities, with this rule, South Korea's one of the biggest cryptocurrency exchange «Bithumb» will be paying around 60 billion won, which will be combined of corporate and local income tax with an estimated earning of 317.6 billion won last year.

Accordingly, the businesses which provide exchange services of those cryptocurrencies on a regular basis must be registered with applicable Local Finance Bureaus.

In his recent interview with a local news channel BNN, Coinsquare CEO Cole Diamond said that the exchange is planning to increase its list of cryptocurrencies with Ripple being the top-most priority.

The new rules have correlated with a general decline in cryptocurrency prices, but local exchanges and many analysts believe they will strengthen the ecosystem over the long - term.

The Japanese Financial Services Agency (FSA) has been busy with over 100 applicants waiting for approval to operate cryptocurrency exchanges, local media reported.

The prohibition of debit and credit card usage on cryptocurrency exchanges and marketplaces can be considered as a measure the central bank of India took to prevent local investors from investing in the cryptocurrency market with debt.

During an interview with local radio station TBS, Deputy Prime Minister and Finance Minister Kim Dong - yeon said, «The suggestion to close down cryptocurrency exchanges is still an option under consideration,» stirring up the controversy over the shutdown of exchanges again.

LocalMonero launched in August 2017 and the online exchange allows users to connect with individuals buying or selling the Monero cryptocurrency in their local area.

In South Korea, investors have started to purchase CPUs equipped with high performance gaming graphic cards like the Nvidia GTX 1080 ti to mine smaller cryptocurrency listed on local exchanges, like Zcash and...

South Korea's financial regulators said on Wednesday they will jointly carry out inspections on local banks» operations with cryptocurrency exchanges to check their compliance with anti-money laundering (AML) guidelines.

Litecoin price crashes along with the broader cryptocurrency market after China blocks local investors from accessing foreign cryptocurrency exchanges.

India - based cryptocurrency trading volume had already plummeted by 90 percent in recent months as banks themselves had already begun to restrict the ability of cryptocurrency exchanges to secure access to financial services and locals to trade with funds stored in Indian bank accounts.

Various scenarios such as the imposition of value - added tax, a capital gains tax, or both on trade; and the collection of corporate tax from local cryptocurrency exchanges, as well as the initiation of authorized exchanges with licenses are being discussed.

The exchange works good when exchanging your local currency with cryptocurrency.

Unocoin, one of India's largest cryptocurrency exchanges, stated that no banks have terminated relationships with local trading platforms, and that the Indian central bank's recent statement does not change the legal status of cryptocurrencies in India.https: / / t.co / POYv89qChB pic.twitter.com/xo7yGCNAT 6

Although January saw a costly ruling for exchanges operating in South Korea, with regulators deciding that exchanges would be liable for both corporate and local income tax, the financial figures are being seen as broadly positive for the future of cryptocurrencies in South Korea.

More recently, in January, South Korea announced that cryptocurrency exchanges will be taxed in line with the existing tax policy, a 22 percent corporate tax and a 2.2 percent local income tax.

Crymix, a Japanese cryptocurrency project, seeks to enable real time exchange of value, in cooperation with academic institutions, local governments, nonprofits and corporations.

Under some of the proposals put forth by Hoekstra, local exchange platforms and cryptocurrency services would reportedly need register with the government and adhere to know - your - customer requirements by the end of 2019.

Over the past few weeks, local investors were concerned with the abrupt decision of Kookmin Bank to close down virtual bank accounts launched on South Korean cryptocurrency exchanges.

Korea Joongang Daily added, «Shinhan Bank notified major local cryptocurrency exchanges such as Bithumb and Korbit that they should come up with measures to get rid of existing anonymous accounts.»

Six major South Korean banks including Shinhan Bank, the second largest bank in the country, will officially begin providing local cryptocurrency exchanges with virtual bank accounts.

«Various scenarios such as the imposition of value - added tax, a capital gains tax, or both on trade,» another anonymous source is quoted, «and the collection of corporate tax from local cryptocurrency exchanges, as well as the initiation of authorized exchanges with licenses are being discussed,» adding transparency between ministries and banks will allow capital to be better monitored.