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More Major South Korean Exchanges Begin Listing USDT
8.12.2023
Source: FellowNeko/Adobe Another leading South Korean crypto exchange has listed the US dollar-pegged stablecoin USDT as global trading volumes begin to climb. Per Kyunghyang Games, Bithumb – the second biggest exchange in the nation – launched support for the coin on December 7. The listing...
Deposits on ‘Big Four’ South Korean Exchanges up 1,368%
5.10.2021
"https://cryptonews.com/news/s-korean-mp-bids-to-prevent-crypto-crisis-while-kimchi-premi-11218.htm">kimchi premium traders making “illegal transactions.”Upbit, the market-leading exchange, and Korbit, the first trading platform in the nation appear to have received their permits within h
KYC Headaches on the Horizon for South Korean Exchanges
30.9.2021
noreferrer" href="https://www.chosun.com/economy/economy_general/2021/09/29/LKOMX43J75A5JJSIWZHIHUT4XU/">Per the Chosun Ilbo, a spate of new regulatory requirements that came into force last week is slowing down business at the nation’s biggest crypto exchange.Recently promulgated amendm
30-somethings led crypto purchases at South Korean exchanges in 2021
30.8.2021
The increased trading volume comes following the country's Financial Services Commission requiring crypto trading platforms to register as digital asset service providers before Sept. 24
Korean Exchanges Delist High-risk Coins as They Face Tough Regulations
17.6.2021
Crypto trading platforms in South Korea are delisting certain digital currencies as they move to comply with stricter rules for the industry. The trading of some high-risk coins has been either halted or completely suspended on several Korean exchanges this week. South Korean Exchanges Wipe Trading...
South Korean Banking Association Concerned Over Surge of the Altcoin Trading Frenzy
12.5.2021
A banking association in South Korea recently added weight to regulatory discussions across the country, raising concerns about the high altcoin trading volume. The Korea Federation of Banks (KFB) requested its members to audit trading volumes through their crypto exchanges’ customers’...
South Korean Police Raid Crypto Exchange Allegedly Involved in a $214M Multi-Level Marketing Fraud
6.5.2021
Authorities in South Korea have launched a major raid against a domestic crypto exchange allegedly involved in a millionaire multi-level marketing (MLM) fraud. The police accuse V Global platform of running an illicit operation that reportedly stole hundreds of millions of dollars from investors....
South Koreans File Online Petitions Seeking to Remove a Chief Regulator After Harsh Crypto Comments
28.4.2021
As the South Korean government keeps strengthening the harsh rhetoric against cryptocurrencies, citizens have become increasingly angry due to the recent words from regulatory authorities. Over the weekend, petitions started to appear on the web, seeking the removal of the head of...
All 200 Cryptocurrency Exchanges Could Be Shut Down Under New Regulation in South Korea, Regulator Warns
27.4.2021
The chairman of South Korea’s top financial regulator, the Financial Services Commission (FSC), Eun Sung-soo, has warned that all of the cryptocurrency exchanges in the country could be shut down. South Korea currently has about 200 cryptocurrency exchanges, he said. All Crypto Exchanges...
South Korea’s Bitcoin ‘Kimchi Premium’ Reappears, Korbit and Bithumb Exchange Volumes Spike
26.4.2021
During the first week of April, South Korea’s ‘kimchi premium’ on domestic cryptocurrency exchanges had jumped over 18%, but then leveled off, equalizing with global exchange rates over the last two weeks. On Monday, as bitcoin prices spiked 8% higher surpassing the $54k zone,...
South Korean Government Seeks to Regulate International Remittances Related to Crypto ‘Kimchi Premium’
22.4.2021
The famous gap in cryptocurrency prices in South Korean crypto exchanges and overseas ones known as “kimchi premium” raises some concerns among the nation’s government. The latest reports suggest that the country is planning to regulate international remittances tied to kimchi...
South Korean Government Announces Crackdown on Illicit Crypto-Related Transactions in an ‘Overheated Market’
10.4.2021
Adding to the South Korean cryptocurrency industry’s stricter regulations, the central government is focusing on the “crackdown” of illegal crypto transactions. A meeting over the week held with high-ranked politicians resulted in a campaign that will soon be deployed. Government...
South Korea’s Kimchi Premium Returns: BTC and ETH Prices Jump 18% Higher Than the Global Average
6.4.2021
While a great number of spot exchanges have seen consistent prices in a few select areas in the world, bitcoin is selling for a premium. That’s the case in South Korea right now as there’s a price gap, otherwise known as the ‘kimchi premium’ on domestic South Korean...
Order Book Sharing Ban Could Shake South Korean Exchanges to the Core
30.12.2020
New government regulations that will force South Korean crypto exchanges to cease order book sharing with overseas trading platforms could have a seismic effect on the crypto players in the country - and the issue is reportedly the main reason why major player Binance is set to close down...
Are South Korean Exchanges Preparing a Delistings Purge?
26.8.2019
South Korea’s biggest exchanges are looking to slim down their listings – with a slew of delistings possibly on the cards at the country’s “big four” platforms.
Per a report from Fn News, Upbit is set to delist the Sphere (SPHR), Edgeless (EDG) and Guppy (GUP) cryptocurrencies, and will likely...