South Korean Cryptocurrency Mania: Exchanges are Adding More Employees Than Banks

South Korean Cryptocurrency Mania: Exchanges are Adding More Employees Than Banks

South Korean cryptocurrency exchanges including Bithumb, Coinone, and Korbit are adding more employees than banks and financial institutions, local mainstream news networks have reported. YTN, one of South Korea’s largest mainstream media outlets, reve…

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Several South Korean Banks May Close Down The Accounts of Bitcoin Traders

Several South Korean Banks May Close Down The Accounts of Bitcoin Traders

Woori Bank, the third largest commercial bank in South Korea behind Shinhan and Kookmin, is planning on closing down the existing accounts of cryptocurrency exchanges. Last week, mainstream media outlet Hankyoreh reported that Woori Bank is planning to…

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South Korean Government Will Regulate Bitcoin Exchanges, Refutes Ban Rumors

South Korean Government Will Regulate Bitcoin Exchanges, Refutes Ban Rumors

The South Korean government has officially refuted various reports on the possibility of a cryptocurrency trading ban within the country. On Wednesday, December 13th, the South Korean government, central bank, and financial authorities had held an emer…

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Russian Minister: Russia Will ‘Never’ Consider Bitcoin as a Legal Entity

Russian Minister: Russia Will ‘Never’ Consider Bitcoin as a Legal Entity

Russia’s minister of communications and mass media has said that Russia will never legalise bitcoin in the country. Reported by Russian News Agency TASS, Nikolai Nikiforov said: “Bitcoin is a foreign project for using blockchain technology, the Russian…

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Central Bank of Swaziland: It’s Not Wise to Dismiss Cryptocurrencies

Central Bank of Swaziland: It’s Not Wise to Dismiss Cryptocurrencies

The Central Bank of Swaziland (CBS) is exploring the use of cryptocurrencies in the country even though it remains cautious of them. Speaking at the recent Swaziland Economic Conference (SEC) 2017, Majozi Sithole, governor of CBS, said that despite the…

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Australia’s Regulation Bill Includes Bitcoin for the First Time

Australia’s Regulation Bill Includes Bitcoin for the First Time

Australian authorities are updating their AML/CTF regulations which would regulate bitcoin exchanges for the first time. Last month, the Australian government announced the first stage of reforms to strengthen its anti-money laundering (AML) and counte…

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France’s AMF is Working on Formulating Its Position on ICOs

France’s AMF is Working on Formulating Its Position on ICOs

France is currently determining a legal framework for initial coin offerings (ICOs), according to its financial market regulator. Robert Ophele, president of the Autorite des marches financiers (AMF), said that they are developing regulations for the m…

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Japan Solidifies its Position as Bitcoin Powerhouse, Processes 61% of Global Trades

Japan Solidifies its Position as Bitcoin Powerhouse, Processes 61% of Global Trades

Over the past month, following The PBOC’s crackdown on Chinese Bitcoin exchanges, Japan has successfully evolved into the largest Bitcoin exchange market by trading volume, overtaking the US by a significant margin. According to various market da…

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Chief Indian Economist: Bitcoin Won’t become a ‘Legal Currency’ in India without Regulation

Chief Indian Economist: Bitcoin Won’t become a ‘Legal Currency’ in India without Regulation

A prominent Indian economist believes that bitcoin needs to be regulated in India before it will become a legal currency. In a Q&A interview with the Economic Times, Dr S.P. Sharma, chief economist at the PHP Chamber of Commerce and Industry, was questioned on whether he thought bitcoin would be accepted legally in the country. […]

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Japan FSA Grants Virtual Currency Exchange License To 11 Companies

Japan FSA Grants Virtual Currency Exchange License To 11 Companies

Eleven digital currency companies in Japan have been granted a Virtual Currency Exchange license by the Financial Services Agency (FSA), the country’s financial watchdog. These include bitFlyer, Quoine, Tech Bureau, Bit Bank, SBI Virtual Currencies and GMO Coin. The FSA is currently reviewing 17 other applicants, according to an announcement released today. Since April 01, […]

This post Japan FSA Grants Virtual Currency Exchange License To 11 Companies first appeared on Coinjournal.

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