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Nalezeno "south korean crypto": 188

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

20.9.2021
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

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 Korean Crypto Exchanges Plead for 6 Months of Regulatory Mercy

21.8.2021
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

3.8.2021
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

14.7.2021
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

3.7.2021
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...

South Korean Crypto Exchange Execs Arrested Amid USD 2B Fraud Fears

3.7.2021
Police in South Korea said they fear that the crypto exchange V Global could be at the center of a fraud network that has sucked in some USD 2bn, as investigations into the platform intensify and police officers raided the exchange’s offices. Per Seoul Shinmun and Hankook Ilbo, police claim that...

South Korean Crypto Exchanges Ready for Legal Fight Amid Closure Threats

28.6.2021
Source: Adobe/david_franklin South Korean crypto exchanges are preparing lawsuits to sue the government or challenge it in the constitutional court if they fail to meet a September regulatory deadline and are obliged to close. New regulations for crypto exchanges, which have already passed into...

Top South Korean Crypto Exchanges Purging Altcoins in Late-night Culls

18.6.2021
Multiple South Korean crypto exchanges have gone on token purges, culling a wide range of altcoins from their platforms – and following in the wake of the market-leading exchange Upbit, which has earmarked 30 coins for the ax. As previously reported, Upbit’s unexpected move saw five coins removed...

Regulator Extends South Korean Crypto Exchanges’ AML Window by 6 Months

15.6.2021
South Korean crypto exchanges have been given a short extension in their race to get anti-money laundering (AML) protocols in place – although the nation’s top regulator has promised to place the industry under “intense scrutiny” in the months ahead. The nation’s first piece of crypto-specific...

Hope for South Korean Crypto Exchanges as Bank Keen on Contract Renewal

28.5.2021
There may be a glimmer of hope at last for the South Korean crypto exchanges fearing for their future, with the neobank K-Bank reportedly set to renew its contract with the market-leading trading platform Upbit – just days after three major commercial banks ruled out the prospect of doing...

Bank Risk Assessment May Threaten Bithumb, South Korean Crypto Exchanges

21.5.2021
South Korean banks are set to audit crypto exchanges’ senior managers as part of their due diligence and risk assessment protocols for real-name banking contracts – and there are concerns Bithumb officials may struggle to pass the checks due to previous and ongoing fraud allegations. Bank-conducted...

‘Elderly’ South Korean Crypto Fans Brave 30-min Waits at Customer Centers

11.5.2021
South Korean Crypto Fever 2.0 shows no sign of abating – with customers weathering waiting time of 30 minutes or more as queues of wannabe investors wait to get face-to-face service from the crypto exchange Bithumb’s reopened offline center in Seoul’s affluent Gangnam District. As previously...

South Korean Crypto Tax U-Turn Looking Unlikely, Despite Outcry

5.5.2021
Despite the recent outcry about crypto tax among younger South Koreans, a new small survey has found that most of the respondents are in favor of imposing taxes on crypto traders’ profits. Per Segye Ilbo and Chosun, the survey quizzed 500 people aged 18 and over nationwide and was commissioned...

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