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Nalezeno "Korean Crypto": 287

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...

Constitutional Court to Rule on Legality of South Korean Crypto Ban

14.1.2020
South Korea’s Constitutional Court is set to pass judgment on the legality of measures taken by the country’s government during its partial crypto crackdown of late 2017 to 2018. Seoul intervened with a series of emergency measures during the late 2017 bull run, which saw a massive spate of South...

South Korean Crypto YouTuber’s Attacker Flees to Australia + More News

13.1.2020
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. Crime news There have been further developments in the case of a South Korean cryptocurrency YouTuber who was left badly injured...

S Korean Crypto Exchanges Will Struggle to Survive in 2020 – Report

5.12.2019
A number of South Korean cryptocurrency exchanges are set to post “huge” losses this year, per a new report. According to media outlet Newsway, industry insiders believe that most exchanges are “expected to suffer massive losses in FY2019.” The industry fears that nobody is safe, with trading...

8 South Korean Crypto Exchange Execs Jailed in USD 386m Fraud Wrap

12.11.2019
Source: iStock/st_lux A court in South Korea has jailed the head of cryptocurrency exchange Coinup for 16 years, after convicting him of fraud. Eight other executives from the exchange were also given jail time, with the company’s vice president given an 11-year prison term. The Seoul court ruled...

S Korean Crypto Stance Under Pressure, Ripple Invests in University

30.10.2019
A group of blockchain advocates has made a fresh bid to change the South Korean government’s stance on cryptocurrencies – and has held talks with one of the country’s top financial regulators. Fn Today reports that Oh Gap-soo, the president of the Korea Blockchain Association, met with Korea...

U.S. Agents to Hunt North Korean Crypto Hackers + 14 More Crypto News

23.10.2019
Crypto Briefs is your daily bite-sized digest of cryptocurrency and blockchain-related news – keeping you up-to-date with under the radar crypto news from around the world. Security news The United States National Security Agency has launched a new cybersecurity unit – with staff members who...

Korean Crypto Exchanges Plan to Adopt FATF Rules for Regulatory Control

4.9.2019
Cryptocurrencies are fast emerging as a secured and potential substitute to fiat currency. The high risks associated with the digital currency have put it under the scrutiny of the financial experts. Recently, the chief of South Korea’s reputed cryptocurrency exchange Upbit said that the leading...

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