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Nalezeno "korea": 2220

Korean Banks Elevate Cybersecurity to Deal With Crypto-Related Risks

7.7.2021
South Korean banks are taking steps to bring cybersecurity to a new level as they try to keep up with fintechs and address new threats arising from their interaction with the crypto space. A number of institutions are adopting unprecedented measures including the integration of blockchain...

Hope in S Korea as Ruling Party Says ‘Let’s Institutionalize Crypto’

6.7.2021
Korean lion dog statue and the National Assembly building, Seoul. There may be fresh hope for the South Korean crypto sector as the ruling Democratic Party launched a crypto task force – with the new body talking in relatively upbeat terms about the industry and the need to “institutionalize”...

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 Korea’s 4 Biggest Crypto Exchanges to Adopt FATF’s Travel Rule

2.7.2021
The “big four” South Korean crypto exchanges have signed a Memorandum of Understanding (MOU) deal that will see them jointly implement the Financial Action Task Force (FATF)’s Travel Rule. The group of exchanges, which comprises the market-leading Upbit and Bithumb, as well as Korbit and Coinbit...

Korean Crypto Exchanges Consider Suing Government Over Banking Requirements

30.6.2021
All cryptocurrency exchanges in South Korea except the largest four may be unable to meet the bank account requirements needed to stay in business. A number of Korean crypto exchanges are considering suing the government and financial authorities, claiming that the country’s crypto law...

Government, Police to Inspect all 60 of South Korea’s Crypto Exchanges

25.6.2021
The South Korean financial regulator is to radically step up its monitoring of the crypto industry – with an announcement that it is set to conduct inspections at all 60 of the nation’s crypto exchanges in conjunction with the police and independent IT inspectors. After being accused of dragging...

Korean Government Confiscates $47 Million in Crypto From Tax Evaders

24.6.2021
South Korean authorities have identified thousands of tax evaders as part of an intensifying crackdown on tax dodging among crypto investors. Following a prolonged investigation, the government has reportedly seized cryptocurrency worth millions of dollars. Tax Agents Target Wealthy Tax Evaders...

South Korea’s 2021 Budget to Revive Lost Pandemic Taxes

23.6.2021
Due to the novel COVID-19 pandemic, the nation faced a grave economic loss. As a result, South Korea was not able to meet the economic agenda of the year 2020. Due to this fiscal trial, the Finance Minister of South Korea has proposed a budgetary supplement resource for the second time in 2021....

South Korea Mulls Singapore-style Approach to Crypto Regulation

22.6.2021
Singapore. The South Korean financial regulator is looking to Singapore for inspiration as it forms new crypto sector policies, sparking anticipation that it may look to adopt a similar system. Singapore is known for having one of the most progressive approaches to crypto regulation in the world...

Korean Exchanges Delist High-risk Coins as They Face Tough Regulations

17.6.2021
Crypto trading platforms in South Korea are delisting certain digital currencies as they move to comply with stricter rules for the industry. The trading of some high-risk coins has been either halted or completely suspended on several Korean exchanges this week. South Korean Exchanges Wipe Trading...

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