Bitcoin: South Korea sways cryptocurrency prices - but how?
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Cryptocurrency exchanges or digital currency exchanges DCE are businesses that markets trading bitcoin customers to trade cryptocurrencies or digital currencies for other assets, such as conventional fiat moneyor different digital currencies. DCEs may be brick-and-mortar businesses, exchanging traditional payment methods and digital currencies, or markets trading bitcoin online businesses, exchanging electronically transferred money and digital currencies.
Many can convert digital currency balances into anonymous prepaid cards which can be used to withdraw funds from ATMs worldwide. Some digital currencies are backed by real-world commodities such as gold. Creators of digital currencies are often independent of the DCEs that trade the currency.
In three Australian —based digital currency exchange businesses voluntarily shut down markets trading bitcoin an investigation by the Australian Securities and Investments Commission ASIC.
In JulyWebmoney changed its rules, affecting many exchanges. Since that time it became prohibited [ by whom? Also in July E-gold's three directors accepted a bargain with the prosecutors and plead guilty to one count of "conspiracy to engage in money laundering" and one count of the "operation of an unlicensed money transmitting business". The receiver could convert the Liberty Reserve currency back into cash for a small fee. In Maymarkets trading bitcoin currency exchanger Liberty Reserve was shut down after the alleged founder, Arthur Budovsky Belanchuk, and four others were arrested in Costa Rica, Spain, and New York "under charges for conspiracy to markets trading bitcoin money laundering and conspiracy and operation of an unlicensed money transmitting business.
Over-the-counter or off-the-exchange trading of bitcoins is a more flexible and convenient way of trading bitcoins comparing to traditional exchanges. OTC trading has kept growing since in various financial markets as more institutions taking the trades off the exchange. The quotes given by OTC trading desks are generally in line with the main bitcoin trading desks, such as coindesklocalbitcoinsbitstamp, btcxindia, zebpay.
Experienced OTC traders would fill large orders with multiple smaller orders outstanding in the public order book thus to avoid predatory pricing behaviours  in the bitcoin markets. From Wikipedia, the free encyclopedia. List of bitcoin companies. Retrieved 11 January Financial Action Task Force. Archived from the original PDF on markets trading bitcoin February Retrieved 30 April Money Laundering in Digital Currencies. Dissecting the State of Underground Enterprise". Page number assigned by Google Books.
Archived from the original on 23 March Retrieved 9 January Retrieved 24 February Archived from the original on United Markets trading bitcoin Department of Homeland Security. Retrieved 17 November Retrieved 1 April Australian Competition and Consumer Commission. Fastest and easiest way to buy and sell bitcoins". Customers Amended as of August 12, ". Ethereum Ethereum Classic KodakCoin. Dogecoin Gulden Litecoin PotCoin. Proof-of-authority Proof-of-space Proof-of-stake Proof-of-work system.
Anonymous Internet banking Bitcoin network Complementary currency Crypto-anarchism Cryptocurrency exchange Digital currency Double-spending Electronic money Initial coin offering Airdrop Virtual currency. Retrieved from " https: Private currencies Digital currency exchange.