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Nalezeno "South Korean Crypto": 180

South Korean Crypto Exchanges Restrict Russians’ Access Over War in Ukraine


Major South Korean cryptocurrency exchanges have introduced restrictions for Russian users, effectively joining western sanctions over Moscow’s military invasion of Ukraine. The measures include blocking IP addresses originating from the Russian Federation. Largest Korean Exchange May Deny...

More South Korean Crypto-to-Crypto Exchanges Hopeful of Making Fiat Returns


    A group of South Korean crypto exchanges could be granted permission to resume crypto-to-fiat trading after a breakthrough banking deal last week – but opinions differ on whether the 23 exchanges currently trapped in crypto-to-crypto purgatory will escape before they are overwhelmed...

South Korean Crypto Exchanges Face AML Probes as Regulators Test Compliance


  South Korean regulators are set to probe the nation’s four biggest crypto exchanges to test their anti-money laundering (AML) capabilities. The exchanges – Korbit, Upbit, Coinone, and Bithumb – are the only trading platforms that operate fiat KRW markets and received their operating permits...

South Korean Crypto Exchange Heavyweight Bithumb Gains Operating Permit


The last of the South Korean “big four” crypto exchange platforms – Bithumb – has finally received an operating license from the nation’s financial regulator, the Financial Intelligence Unit (FIU). Bithumb had submitted its application to the FIU ahead of the latter’s September 24 deadline....

Odds Grow That South Korean Crypto Tax Will Be Postponed


Media outlets and lawmakers have been pouring scorn on the South Korean government’s much-maligned plans to introduce a tax on crypto trading from next year – with some suggesting that Seoul will have to back down from its plans. As reported last week, the National Assembly will assess four...

Hope For Four More S Korean Crypto Exchanges as Others Give up the Ghost


for permits set to double.In order to apply for operating permits, exchanges must secure real name-authenticated banking services with a domestic bank and information security management system (ISMS) certification. Some 30 platforms have secured the latter, but the former is proving a

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...

South Korean Crypto Exchanges Plead for 6 Months of Regulatory Mercy


Source: AdobeStock / Chee-Onn Leong South Korean blockchain organizations have told regulators that it will be impossible for the nation’s crypto exchanges to meet a September 24 registration deadline and want six more months to prepare – although it looks like their pleas may have fallen on deaf...

Smaller South Korean Crypto Exchanges Begin to Shutdown, Suspend Services


A number of smaller South Korean crypto exchanges have announced their imminent closure – throwing in the towel in their struggle to meet a fast-approaching regulatory deadline that is threatening to derail the nation’s crypto trading platform industry. Per Joongang Ilbo, the latest exchanges...

South Korean Regulator Analyzing 578 Cryptocurrencies


South Korea is deliberating on four crypto-related bills for the regulation of cryptocurrencies. “We are currently doing groundwork by searching for and analyzing data on 578 coins that have various forms,” the chairman of the country’s top financial regulator reportedly said....

South Korean Crypto Exchange Bithumb Bans Employees from Trading Bitcoin


One of the largest South Korean cryptocurrency exchanges, in terms of trade volume, Bithumb, has announced that employees are banned from trading bitcoin on the exchange platform. The company’s chief executive officer revealed the decision in a Bithumb newsletter focused on improving...

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