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Nalezeno "South korea": 2098

24 Crypto Exchanges to Close in South Korea – and 18 More Could Follow

26.8.2021
Only a third of South Korean crypto exchanges have met the “minimum requirements” to register with the financial regulator ahead of next month’s deadline – with 24 already all but confirming they will close. But political pressure is mounting on the regulator, with a growing group of MPs pushing...

South Korea Abolishing Controversial Gaming Shutdown Law

25.8.2021
After ten years, South Korea is banning its “shutdown law” that banned children under the age of sixteen years old from playing video games for a six-hour block after midnight.Read more

Korean FSC chair nominee doesn't think crypto is a financial asset

25.8.2021
Seung-beom Koh said that fintech experts across the globe “find it difficult to see virtual currencies as a financial asset."

A Crypto ‘Coin Run’ Could Be Brewing in South Korea

24.8.2021
A leading South Korean media outlet and industry experts have warned that a “coin run” could take place next month as the likelihood of a mass of crypto exchange closures increases. In a video report, the national broadcaster KBS reported that a glut of crypto liquidations could be on the cards...

Upbit reportedly first crypto exchange to file with Korean regulators

23.8.2021
Upbit is one of South Korea’s largest cryptocurrency exchanges alongside Bithumb, Coinone and Korbit — who are collectively referred to as “The Big Four.”

Crypto Exchange Bitfront Said to End Korean Services Ahead of Tough New Regulations

18.8.2021
U.S.-based crypto trading platform Bitfront is going to discontinue services in South Korea before stricter rules for the industry are enforced in September, Korean media reported. The exchange, a subsidiary of Japanese tech giant Line, is currently available to Korean traders. Line’s...

All of South Korea’s Crypto Exchanges Fail their Regulatory Audits

17.8.2021
South Korean crypto exchanges have been dealt another crushing blow – with all of the nation’s trading platforms failing their regulatory “consulting” audits. The development will not bode well for the sector with just over a month to go until new regulations kick in – with even the “big four”...

Korean internet giant Kakao expands blockchain presence to Singapore

16.8.2021
Kakao wants to keep up with the enterprise blockchain competition in Asia as it eyes expansion to Singapore

Binance halts KRW pairs amid tightening crypto exchange regulations in Korea

13.8.2021
The crypto exchange giant said the decision was part of efforts aimed at proactive compliance with regulatory demands

Binance Discontinues Crypto Products and Services in South Korea

13.8.2021
On August 13, the cryptocurrency exchange Binance revealed it is ending a great number of services in South Korea. The company noted in the announcement that it evaluated local regulations and “will discontinue the following offerings in Korea, effective immediately.” Binance Ends...

South Korea’s crypto regulation is now expanding to foreign businesses

13.8.2021
Any overseas activity outside Korea that has domestic effects or consequences shall be subject to the amended crypto regulation

South Korean banks doubled crypto transaction fee revenue in Q2

10.8.2021
Shinban Bank, K bank and NH Nonghyup Bank reported a total revenue of 16.9 billion won coming out of partnerships with four crypto exchanges

South Korea’s Ruling Party Hints at Increased Crypto Leniency

4.8.2021
The ruling South Korean Democratic Party’s crypto task force is discussing a plan to “institutionalize corporate transactions” on crypto exchange platforms with the nation’s nine leading exchanges – a further sign, perhaps of an impending regulatory climbdown. More details of a key meeting held...

Korean Regulator to Shut Down 11 Cryptocurrency Exchanges Ahead of Regulatory Deadline

3.8.2021
South Korea’s top financial regulator will shut down 11 cryptocurrency exchanges allegedly engaged in fraudulent bank account schemes, local media reported. Meanwhile, the deadline for all crypto exchanges to comply with the country’s regulation is drawing near and most of them have...

South Korean regulator to reportedly shut down 11 crypto exchanges

2.8.2021
Sources claim that several mid-sized crypto exchanges in South Korea would not be able to get approval from the FSC

Signs of a Crypto Regulatory Climbdown from South Korea’s Ruling Party

28.7.2021
South Korean ruling party’s crypto task force has met with a number of major domestic crypto exchanges – an indication that it could advise the government to revise or even soften its hardline policy on regulation. As reported, the next South Korean presidential election is scheduled to take place...

South Korea Proposes Law Allowing Direct Seizure and Sale of Crypto Assets to Pay Overdue Taxes

28.7.2021
The South Korean government has proposed an amendment to the tax code to allow the country’s tax authority to seize and sell cryptocurrencies belonging to delinquent taxpayers. “The revision will allow direct seizing without court-approved change in ownership records. Assets held by...