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Nalezeno "South Korea": 1704

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...

24 Crypto Exchanges to Close in South Korea – and 18 More Could Follow


Only a third of South Korean crypto exchanges have met the “minimum requirements” to register with the financial regulator ahead of next month’s deadline – with 24 already all but confirming they will close. But political pressure is mounting on the regulator, with a growing group of MPs pushing...

A Crypto ‘Coin Run’ Could Be Brewing in South Korea


A leading South Korean media outlet and industry experts have warned that a “coin run” could take place next month as the likelihood of a mass of crypto exchange closures increases. In a video report, the national broadcaster KBS reported that a glut of crypto liquidations could be on the cards...

All of South Korea’s Crypto Exchanges Fail their Regulatory Audits


South Korean crypto exchanges have been dealt another crushing blow – with all of the nation’s trading platforms failing their regulatory “consulting” audits. The development will not bode well for the sector with just over a month to go until new regulations kick in – with even the “big four”...

Binance Discontinues Crypto Products and Services in South Korea


On August 13, the cryptocurrency exchange Binance revealed it is ending a great number of services in South Korea. The company noted in the announcement that it evaluated local regulations and “will discontinue the following offerings in Korea, effective immediately.” Binance Ends...

South Korea’s Ruling Party Hints at Increased Crypto Leniency


The ruling South Korean Democratic Party’s crypto task force is discussing a plan to “institutionalize corporate transactions” on crypto exchange platforms with the nation’s nine leading exchanges – a further sign, perhaps of an impending regulatory climbdown. More details of a key meeting held...

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