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Last-gasp Negotiations Fail as All But 4 S Korean Crypto Exchanges Frozen out of Fiat Markets

24.9.2021
offering crypto-to-crypto-only services.This means that only the “big four” exchanges – Upbit, Korbit, Coinone, and Bithumb – who have already

60 Cryptocurrency Exchanges in South Korea to Shut Down All or Some Services This Week

21.9.2021
The deadline for cryptocurrency exchanges and wallet operators to comply with the new regulatory requirements to stay open in South Korea is this week. So far, only one crypto exchange has been licensed to continue operations. About 60 crypto exchanges are expected to either shut down or reduce...

Korean Province Seizes Cryptocurrencies From 1,661 Investors for Unpaid Fines

21.9.2021
A South Korean province has seized cryptocurrencies worth over $5 million from 1,661 investors who were more than $12 million in arrears on their fines in total. The seizure followed an investigation of nearly 30,000 companies and individuals as well as their cryptocurrency holdings at four...

Law Decoded: US as anatomical theater of crypto regulation, Sept. 13–20

20.9.2021
Gary Gensler gets grilled on Capitol Hill as crypto looms large on national political agendas from Cuba to South Korea

Korean Government Says 28 Crypto Exchanges Have Met Regulatory Requirements to Continue Operations

18.9.2021
The deadline for cryptocurrency exchanges to meet the requirements to continue operations under new crypto regulations in South Korea is rapidly approaching. A total of 28 cryptocurrency exchanges have reportedly been cleared by the regulators to remain open. However, only four crypto exchanges...

Bybit crypto exchange suspends services in South Korea

17.9.2021
Amid the looming regulatory deadline in South Korea, a major crypto exchange is closing up shop in the country

DCG-backed Korean exchange faces closure if it can’t find banking partner

17.9.2021
South Korean crypto exchange Gopax has told users if it can’t resolve its banking difficulties before a looming regulatory deadline, it will need to shut down

Korean Finance Minister vows to fight moves to delay the crypto tax code

17.9.2021
The ruling party is planning to attempt a postponement of the crypto tax laws but the Finance Minister is not for turning

South Korean lawmaker: Delaying tax laws on crypto is 'inevitable'

16.9.2021
“In a situation where the relevant taxation infrastructure is not sufficiently established, the deferral of taxation on virtual assets is not an option, but an inevitable situation,” said Noh Woong-rae

Politicians Want USD 16B More From US Cryptofolk, But S Korea Sees Better News

14.9.2021
but then buying the same type of coin again within the next 30 days. They also want to make sure that people who buy offsetting positions also file capital gains declarations.The bid was detailed in

FSC Regulatory Overhaul Expected to Shut Down 40 Crypto Exchanges in South Korea

14.9.2021
A new regulatory overhaul could put 40 out of 60 exchanges out of business in South Korea after the firms are expected to fail to meet the conditions that are being proposed by the Financial Services Commission (FSC). This action might also affect holders of locally used “kimchi”...

Harvest Holidays Could Wreak More Crypto Exchange Havoc in South Korea

13.9.2021
is time, the entire nation will effectively shut down, much as is the case during Christmas holidays in Western Europe and North America.That leaves just six working days before September 24, the end of the regulatory Financial Services Commission's six-month grace period for crypto exchanges

Majority of Korean crypto exchanges to shut down this month, insiders say

13.9.2021
Failure to meet South Korean regulators' new requirements is expected to wipe out tens of crypto exchange operators

Major Korean Exchanges Secure Real-Name Account Arrangements With Local Banks

10.9.2021
Leading cryptocurrency exchanges in South Korea have reached agreements with Korean banks to maintain the issuance of real-name accounts, media reports revealed. The deals, although not yet permanent, will allow the trading platforms to register with financial authorities before the Sept....

South Korea: Four Exchanges Safe but USD 2.6B Closure Storm Brewing

10.9.2021
To do so, they need to fulfill a number of criteria, including securing information security management system (ISMS) certification and real-name authenticated banking contracts for their customers. The latter has proved extremely problematic for most exchanges.The market leader Upbit last

Korean crypto ‘Jedi Master’ plans to launch second VC blockchain fund

8.9.2021
Blockchain VC investment firm Hashed is seeking $173 million for a second fund

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...