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LABEL Foundation Debuts on Top Digital Asset Exchange in South Korea
25.2.2022
PRESS RELEASE. LABEL Foundation recently gained authorization from one of South Korea’s main exchanges and a listing position with KRW (South Korean currency), the advancement has immediately followed after Clesson (the parent company) garnered equity capital from two significant investment...
Crypto Exchanges Reward Staff with Bumper Bonuses after Successful 2021
2.2.2022
South Korean crypto trading platforms are not only offering huge pay packages to prospective new hires – they are also looking to retain their staff by paying them massive Lunar New Year bonuses.
As reported, the “big four” crypto trading platforms - Upbit, Bithumb, Korbit, and Coinone –...
Donated or Inherited Virtual Assets to Be Taxed by South Korea’s NTS
31.12.2021
Starting in the year 2022, donated or inherited virtual assets will be assessed and taxed accordingly, South Korea’s National Tax Service has said. Dunamu, Bithumb Korea, Korbit, and Coinone are the new virtual asset service providers (VASPs) tasked with evaluating digital assets for such...
Coinone Announced New Regulations for the Withdrawal of Crypto
30.12.2021
In order to provide safe and secure cryptocurrency deposit services to investors, Coinone has announced that it will stop allowing withdrawal of money to unverified cryptocurrency wallets. The cryptocurrency exchange based in South Korea has also revealed that customers will not be able to withdraw...
South Korean crypto exchanges to follow Coinone in verifying private wallets
30.12.2021
South Korean exchanges will require users to verify their third-party wallet addresses to help the country comply with FATF travel rule guidelines
Coinone will stop withdrawals to unverified external wallets
29.12.2021
The exchange plans to verify users’ names and resident registration details to ensure crypto transactions were “not used for illegal activities such as money laundering.”
Coinone Sends KYC Warning to Users of Centralized Crypto Exchanges
29.12.2021
One of South Korea’s biggest crypto exchanges – Coinone – has told its customers that they will no longer be able to make withdrawals to “unregistered” wallet addresses as of next month. Observers both in South Korea and overseas say that similar measures may become commonplace for major trading...
‘Big Four’ S Korean Crypto Exchanges Hired 600+ Employees in 2021 – And They’re Not Done Yet
24.12.2021
South Korea’s biggest crypto exchanges appear to be on an expansion drive – and have hired 620 new staff members this year.
Per the media outlet The Fact, the “big four” crypto trading platforms in the nation – Upbit, Bithumb, Korbit and Coinone – have been growing their workforces in 2021....
AMC Starts Accepting Crypto, Regulatory Meetings, Bitcoin Mining Difficulty + More News
12.11.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________ ...
Read More: AMC Starts Accepting Crypto, Regulatory Meetings, Bitcoin Mining Difficulty + More News
Last-gasp Negotiations Fail as All But 4 S Korean Crypto Exchanges Frozen out of Fiat Markets
24.9.2021
offering crypto-to-crypto-only services.This means that only the “big four” exchanges – Upbit, Korbit, Coinone, and Bithumb – who have already
Major Korean Exchanges Secure Real-Name Account Arrangements With Local Banks
10.9.2021
Leading cryptocurrency exchanges in South Korea have reached agreements with Korean banks to maintain the issuance of real-name accounts, media reports revealed. The deals, although not yet permanent, will allow the trading platforms to register with financial authorities before the Sept....
Bithumb to Ban Foreign Traders Failing Mobile Phone Identification
4.9.2021
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...
South Korea’s Financial Regulator Holds Closed-Door Meeting With 20 Crypto Exchanges
5.6.2021
Regional reports disclose South Korea’s Financial Services Commission (FSC) had a closed-door meeting with roughly 20 different cryptocurrency exchanges on June 3. The report highlights that virtual asset business operators (VASPs) that attended the meeting all had ISMS (Information Security...
South Korea's banking association alarmed by altcoin trading mania
10.5.2021
South Korea’s banking body wants crypto exchanges to be wary of the risks of being overexposed to altcoins
Gamemaker Buys Stake in Coinone Exchange as Gambling Charges Dropped
20.4.2021
Source: Adobe/o_du_van
The South Korean crypto exchange Coinone has been feting a double windfall – with a gaming giant snapping up a minority stake in the company and a legal boost leaving its CEO in the clear over gambling allegations.
While three domestic gaming firms have been variously linked...
SK Telecom's Digital Wallet, 1 Million WAVES, Coinone Eyes DeFi + More News
21.10.2020
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Blockchain news
The South Korean telecoms giant SK Telecom has issued a digital wallet for blockchain-powered digital certificate storage...
Did Kakao Token Listing Spark Rise in Coinone’s Popularity?
11.9.2020
Major South Korean crypto exchanges are experiencing a rise in user numbers and trading volumes, with some convinced that the listing of Kakao’s klay (KLAY) token has helped propel a sharp rise in traffic to the Coinone trading platform.
According to media outlet TechM, statistics released by...
Upbit, Bithumb, Korbit, Coinone Hand Data to Telegram Nth Room Investigators
24.3.2020
Police investigating the so-called Telegram “Nth Room” pedophile ring have served search warrants to most of South Korea’s leading crypto exchanges – including the “big four” of Upbit, Bithumb, Korbit and Coinone – as they attempt to track down people who paid to watch video footage featuring...
Coinone: Buy and Sell Cryptocurrency With the Safest Crypto Exchange
9.3.2020
Coinone is the third-largest crypto exchange, which is based in South Korea. Since its launch, back in 2014, the crypto exchange has been delivering ‘prudent, accurate and secure’ performance in the field. It is one of the pioneering companies in the country and has been listed on Ethereum...
South Korean Court Issues Landmark Decision on Crypto Exchange Hacking
1.10.2019
The Seoul court ruled that a hacking is not the responsibility of an exchange but a transfer of funds is