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KYC Headaches on the Horizon for South Korean Exchanges


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

Earth Defense Force 6 Delayed To 2022


Giant-bug shoot’em-up game Earth Defense Force 6 has been delayed. Last summer, the PlayStation Blog announced that the game would go on sale this year. On Thursday, it was revealed that the game has been pushed back to 2022. Read more

South Korean Ruling Party Squabbles over Crypto Tax


tax code, which will see a flat rate of 20% tax levied on crypto tax profits of over USD 2,100 a year. If unamended, this change will come into force on January 1, 2022.But the ruling Democratic Party is wary of a backlash from angry voters aged 20-39 – the backbone of the party’s support –

Fortnite's Cube Returns For Season 7's Explosive Finale


Fortnite players have spent the entirety of the game’s seventh season dealing with a growing alien threat. Now it’s time for the aliens to deal with the threat of us as we storm the alien mothership and liberate dangerous-looking glowing cubes in the explosive season finale event.Read more

Seychelles Examines the Pros and Cons of Licensing Crypto Trading Platforms


Seychelles’ Financial Services Authority (FSA) together with the country’s finance ministry, is reportedly working on a policy to either prohibit or license crypto trading platforms as registered international businesses. Increase in International Investigations of Crypto Platforms...

Bithumb to Ban Foreign Traders Failing Mobile Phone Identification


South Korean crypto exchange Bithumb said it will deny access to foreigners unable to verify their identities via mobile phone. The decision comes as the trading platform moves to comply with the country’s updated regulations coming into force later this month. Korean Exchange Bithumb...

IT Specialist Caught Mining Cryptocurrency at Police Headquarters in Poland


Polish police have uncovered a secret crypto mining operation at their headquarters in Warsaw, local media reported. An IT specialist accused of minting digital coins on police computers has been dismissed and the case has been handed over to the Prosecutor’s Office. Polish Police Force Fires...

S Korean Regulator to Force Crypto Overseas Exchanges to Abide by its Rules


The top South Korean financial regulator has effectively blocked overseas crypto exchanges from operating in the nation if it can be proved they are actively targeting users based on South Korean soil. According to Chosun and Seoul Kyungjae, the regulatory Financial Services Commission (FSC), which...

Forex Shortages Force Nigerian Corporates to Turn to Parallel Market


Nigeria’s ongoing shortage of foreign exchange is forcing corporates and businesses to source this resource on the parallel market, a former official with the Lagos Chamber of Commerce and Industry (LCCI) has said. According to Muda Yusuf, who is the previous director-general at LCCI, these...

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