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Posted by / 06-Oct-2019 23:26

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The report suggests that the newly proposed regulations “would treat the operation of cryptocurrency exchanges (such as Bithumb, Coinone and Korbit) as unauthorized fundraising.” For context, cryptocurrency exchanges currently fall under e-commerce statues that allows them to operate as an e-commerce website by registering as an online vendor.Since cryptocurrencies aren’t recognized as legal tender nor a financial instrument, the regulations will chalk cryptocurrency exchanges under ‘unauthorized fundraising’, according to the report.The regulator publicly revealed its intention to introduce regulations for bitcoin exchanges last year with a focus on regulatory and licensing parameters.“The government will push for the systemization of digital currency on a full scale in tandem with a global trend in the US., Japan and other countries,” said FSC chairman Yim Jong-yong at the time.The designation, however, will not outlaw cryptocurrency exchanges.Instead, new regulatory guidelines will mandate trading platforms and exchanges to follow certain rules and measures.Six months later, a lack of consensus among multiple Korean authorities, including the central bank and multiple governmental ministries, over a unified regulatory approach left the plan in limbo.As the end of the year nears, the FSC is reportedly close to pinning final regulatory drafts, according to regional news daily Hankyoreh.

Starting this year with smartphones which ship with Android Oreo, Google is requiring that all So Cs productized in 2017 must launch with kernel 4.4 or newer.

When I worked for a big 4 practice in the 1990's we regularly moved dividend income from the shareholding company to other companies in the group by way of Mandating the dividend to the appropriate receipent.

I recently saw a headline on mandating rents to a company as part of a tax planning strategy.

Google has been offering Android as a mobile operating system for close to a decade.

The company acquired it in 2005, unveiled it to the public in 2007 and then in 2008 we saw the first commercially available Android smartphone.

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The regulations will also prevent the abuse of cryptocurrencies from criminals using it as a tool for money laundering.