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Major South Korean Crypto Exchange Raided by Police in Alleged $25.2M Fraud Case
3.9.2020
South Korean police raided the country’s largest cryptocurrency exchange, Bithumb on September 2 as part of an investigation of fraud allegedly committed by the organization’s main shareholder. With the recorded number of visitors to the platform touching 4.11 million between May...
Police Raid South Korean Crypto Exchange Bithumb - Reports
2.9.2020
Police in South Korea are reportdely searching the headquarters of Bithumb, the nation’s biggest crypto exchange per trading volume as part of an investigation into fraud and embezzlement.
Per Newsis and Seoul Shinmun, officers from the Seoul Metropolitan Police Agency’s Intelligence Unit raided...
US Democrats Want Info on Confiscated Crypto, Bakkt's Record + More News
26.8.2020
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Regulation news
US congressmen Josh Gottheimer and Emanuel Cleaver, both from the Democratic party, have requested the Trump administration...
Major Korean crypto exchange seized after 99% trading volume allegedly faked
26.8.2020
Police claim that wash trading and market manipulation by the owner and management team of the Coinbit exchange netted over 100 billion won
US Says North Korea Has 6,000 Hackers: Many in Belarus, China, India, Malaysia, Russia
20.8.2020
North Korea allegedly has about 6,000 hackers, many of whom operate abroad, according to a recent report published by the U.S. Army. The infamous Lazarus Group, thought to be linked to a number of cryptocurrency exchange hacks, is among them. North Korea’s Bureau 121 The U.S. Army recently...
How a South Korean Crypto Firm Became a Global Face Mask Exporter
4.8.2020
A “medium-sized” South Korean crypto firm that built a facial mask factory as a response to the coronavirus pandemic has doubled down on its new line of business – and has won Amazon approval to start exporting its personal protective equipment to “Europe and the United States,” as well as approval...
Angry South Korean Crypto Traders Threaten to Quit over New 20% Tax
25.7.2020
Active crypto traders in South Korea said they are prepared to walk away from the scene forever – slamming “unfair” 20% crypto trading tax law proposals unveiled by the government earlier this week. It is a sign, perhaps, of what traders in other nations will have to deal with in the near future...
South Korean Crypto Tax Plans to Be Unveiled this Wednesday
21.7.2020
The South Korean government is reportedly set to unveil further details about its plans to introduce tax for cryptoasset holders.
Per an unsourced report by SBS CNBC, Seoul will unveil a document outlining its proposals in a Tax Law Amendment bill – to be unveiled on July 22. The bill will seek...
South Korean Crypto Exchange Bithumb Hoping to Launch IPO
24.6.2020
The world of cryptocurrencies in South Korea could be set for a major shake-up with leading cryptocurrency exchange Bithumb hoping to launch an initial public offering (IPO).
Per Money Today, Bithumb has already selected Samsung Securities as its host and has “begun work” on the IPO preparation...
South Korean Crypto Tax Reports, Canada's CBDC + More News
17.6.2020
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Regulation news
South Korea’s deputy prime minister and finance ministry chief Hong Nam-ki has confirmed the reports about...
South Korean Crypto Exchange Is First to List Kakao’s Token
6.6.2020
Kakao’s KLAY token is now trading with a South Korea won pairing despite the country’s restrictions on ICOs
South Korean Crypto Tax ‘Coming Next Year for Traders, Miners & ICOs’
27.5.2020
South Korean ministries have pledged to impose tax on cryptocurrency trading and crypto mining “from next year.”
Per reports from E Daily and Decenter, the Ministry of Economy and Finance is preparing to make an amendment to the existing Income Tax Act that will include clauses about taxing...
Binance Unveils Korean Crypto Exchange ‘Binance KR’ on Binance Cloud
31.3.2020
Binance is all set to expand its operational geographic dimensions with the launch of “Binance KR” on the Binance Cloud platform. The renowned crypto exchange will launch the South Korean exchange on the cloud solution to kickstart its journey in the region’s marketspace. The news comes summed...
Major South Korean Bank Prepares to Launch Crypto Services as Government Green-Lights Regulation
28.3.2020
Following the approval of a regulatory framework for cryptocurrencies by the South Korean government, one of the largest banks in the country is preparing to launch a range of crypto services. KB Kookmin Bank has applied for trademark registration, reportedly listing over 20 crypto services on...
Major South Korean Crypto Exchanges Help Police In Child Porn Investigation
26.3.2020
South Korean police are reportedly working jointly with local crypto exchanges in the “nth rooms” child porn case
South Korean Crypto Exchanges Ready Compliance Measures as Clock Ticks
19.3.2020
South Korea’s landmark Special Financial Transactions Information Act amendment was promulgated earlier this week, a fortnight after the country’s parliament voted unanimously in its favor.
Although many industry players have been galvanized by it, others have warned that its stipulations – which...
New South Korean Crypto Law May ‘Force 190 Exchanges to Close’
12.3.2020
While much of the South Korean crypto community is still celebrating the introduction of the country’s first-ever piece of crypto-specific legislation, others are warning that the overwhelming majority of crypto exchanges will likely go under once the new laws’ banking stipulations come into...
‘Mass South Korean Crypto Closures’ to Follow if Legislation Delayed
27.2.2020
South Korean cryptocurrency industry insiders are warning that the country’s failure to introduce crypto laws could be cataclysmic, with “mass bankruptcies” likely.
As Cryptonews.com reported yesterday, the South Korean National Assembly’s schedule has been thrown into turmoil by an outbreak of...
New Law May Kill Smaller South Korean Crypto Exchanges + More News
28.1.2020
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Exchanges news
Smaller South Korean exchanges could be forced to close if the government pushes ahead with plans to impose tighter...
Anxious S Korean Crypto Exchanges Prepare for Crunch Talks with Banks
16.1.2020
Source: iStock/ma-no
Nervous South Korean cryptocurrency exchanges are preparing to renew their banking deals with domestic banks – with media reports claiming exchanges are feeling “pessimistic.”
Per Newsway, the country’s “big four” exchanges, the market-leading Bithumb, Upbit, Coinone...