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Nalezeno "Korea": 2210

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...

Banking Giant KB Creates Crypto, NFT & CBDC-compatible Wallets

23.12.2021
  The South Korean banking giant Kookmin Bank (KB) says it has developed new multi-coin wallets that are capable of storing non-fungible tokens (NFT) and various tokens including central bank-issued coins. Per Fn News, KB has developed solutions using the Klaytn blockchain protocol, which...

This Is How Fake Bitbuy Crypto Exchange Scammed Investors

15.12.2021
South Korean police have swooped on the operators of what they say was a scam crypto exchange that sucked in 12,000 victims – after claiming investors could use it to make compound interest gains of a whopping 0.5% every eight hours. Per Herald Kyungjae, the firm posed as a South Korean affiliate...

Korean Officials Quit Jobs to Join Crypto Industry, Lawmaker Reveals

13.12.2021
Public officials in South Korea are increasingly choosing career opportunities in the cryptocurrency sector. Some of them come from financial authorities which raises ethical questions, according to the findings of a Korean lawmaker, quoted by local media. Former Financial Officials Hired by Major...

KYC Drive Causes Bithumb Disruption: Logins, Transactions Affected

3.12.2021
  The South Korean crypto trading platform Bithumb has been hit by disrupted transactions, with deposits and withdrawals requests encountering “errors” – with customers rushing to complete new know-your-customer (KYC) procedures. Bithumb users reported disruptions as the number of users trying...

Crypto Fans Build Up Their Power as S Korean Politicians Delay Crypto Tax

3.12.2021
South Korean MPs have finally overturned the government on its proposed crypto tax plans, ending a long saga that pitted lawmakers against the large crypto-skeptic administration of President Moon Jae-in.... Read More: Crypto Fans Build Up Their Power as S Korean Politicians Delay Crypto Tax

‘Time Has Come to Embrace Crypto,’ Says South Korea Stock Exchange Chief

2.12.2021
South Korea’s securities exchange operator, the Korea Exchange (KRX), is “studying” ways to “embrace cryptoassets,” its Chairman has stated. According to Chosun and Seoul Shinmun, the KRX chief Sohn Byung-du told attendees at a financial conference that “it is time to explore how we can embrace...

Finance Committee Approves Legislation Delaying Crypto Tax in South Korea

30.11.2021
Changes meant to postpone the introduction of a tax on virtual assets such as cryptocurrencies in South Korea have been approved by an important parliamentary committee. The draft legislation seeks to delay Seoul’s plan to impose a 20-percent levy on gains from crypto transactions. Ahead...

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