Search
CEO Sentenced to 18-Month Jail Term for Accepting Bitcoin Bribes to List a Cryptocurrency
15.1.2021
A South Korean court has sentenced the former CEO of the defunct crypto exchange Coinnest to 18 months in prison. The court also fined him over $61,000, who also was charged for fraud in 2020. Prosecutors Accused Coinnest Executives of Receiving 110 BTC in Bribes According to Fn News, the Supreme...
Major South Korean Bank Shinhan Is Set to Offer Crypto Custody-Related Services
9.1.2021
A major commercial bank in South Korea is entering the crypto business by allocating an equity investment in the Korea Digital Asset Trust (KDAC). Shinhan Bank is looking to offer digital asset custody services. Bank Expects to Offer Tech Capabilities to Face Defi-Related Hacking Risks According...
South Korean Government to Start Taxing Crypto Trading Profits in 2022
8.1.2021
The South Korean government has issued an amendment to introduce tax on cryptocurrency trading profits. The plan is now a reality after several attempts to delay it by lawmakers. New Rules Impose 20% Tax on Crypto Profits Per Asia Today, the legislative notice details that the amendment will...
South Korean Politicians Won’t Be Required to Disclose Their Crypto Holdings After Proposals Failed to Pass the National Assembly
6.1.2021
South Korean politicians won’t be required to disclose their crypto holdings or crypto-related earnings as no fewer than three cryptocurrency-related bills failed to pass the National Assembly. Proposal Submitted in November 2020 According to the Electronic Times, the bills aimed to require...
Production of $2.7 Million-per-Episode: South Korean Crypto-Related TV Drama Series Is Set to Start in 2021
31.12.2020
A major South Korean TV series with crypto and blockchain-related topics is set to launch its production stage at the beginning of 2021, directed by Gemstone Film, in collaboration with firms in China and the United States. South Korean Crypto-Related TV Drama Series ‘Pumping Time’...
Crypto Exchange Upbit Brings in Withdrawal Delay in Bid to Tackle Fraudsters
27.11.2020
The South Korea-based exchange has announced a 24-hour cryptocurrency withdrawal delay in an effort to protect user accounts from malicious attacks
South Korean exchange traffic has risen sharply since June — Is this why?
11.9.2020
The boost may come down to the popularity of one specific token
South Korea’s Finance Minister Confirms Plan to Tax Cryptocurrency
17.6.2020
Although scant on details, South Korea’s finance minister has confirmed that taxes will be imposed on cryptocurrency in the country
Another Exchange Delists Monero Amidst Ongoing Sex Scandal
15.5.2020
Another cryptocurrency exchange delists XMR in South Korea in the midst of the Nth room sex scandal case
Buried Report Reveals Factors Behind South Korea’s ‘18 Crypto Crackdown
8.5.2020
A newly unearthed report from South Korea’s financial watchdogs has revealed the rationale behind the country’s 2018 crypto crackdown
International Regulatory Milestones for Crypto Exchanges in 2020
15.4.2020
2020 has already become the year of new regulations worldwide: What’s new for cryptocurrency exchanges?
Binance Users Can Now Buy Crypto Using Debit Cards in 5 New Fiat Currencies
10.4.2020
Binance is extending Visa support for crypto purchases using the Colombian peso, South Korean won, Kenyan shilling, Kazakhstani tenge and Peruvian neuvo sol
South Korea Passes Bill to Regulate Cryptocurrency in Line With FATF Standards
7.3.2020
South Korea’s National Assembly finally passed a bill that provides a framework for the regulation of cryptocurrencies and exchanges. Crypto service providers will be required to use the real-name verification system and comply with reporting requirements in line with the global...
Major South Korean Crypto Exchange Bithumb Launches R&D Center
7.1.2020
Bithumb, a major South Korean crypto exchange, is launching its own R&D center for cryptocurrencies and blockchain technology
UpBit Hack: Stolen ETH Worth Millions on the Move to Unknown Wallets
3.12.2019
One of the addresses associated with the Upbit theft last week has successfully moved $1.5 million in Ether to an unknown wallet
South Korea’s Kakao Gets Its Klay Token Listen on Upbit Indonesia
25.9.2019
Cryptocurrency exchange Upbit Indonesia will list Klay, the cryptocurrency of South Korean instant messaging giant Kakao
Experts: South Korean Crypto Projects Look
21.8.2019
Industry experts note surge in South Korean crypto projects seeking to list their early-stage products on overseas platforms
Bitholic Now Bithumb Singapore in New Expansion by South Korean Bithumb
8.8.2019
Bithumb may be expanding overseas, with news that Singaporean exchange Bitholic has changed its name to Bithumb Singapore
South Korea to Bring Crypto Exchanges Under Direct Regulation
7.8.2019
The Financial Intelligence Unit of South Korea's Financial Services Commission has revealed plans to bring cryptocurrency exchanges under its direct regulation
Major Korean Crypto Exchange Bithumb Prosecuted for Failure to Protect User Data
21.6.2019
Korean crypto exchange Bithumb has been prosecuted for its alleged failure to take adequate measures to protect personal data, allegedly leading to a subsequent hack in 2017