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Will New P2P Legislation Hurt South Korean DeFi Industry?
1.4.2020
South Korean decentralized finance (DeFi) players have called for calm after some experts claimed that forthcoming legislation could effectively hamstring the nation’s fledgling DeFi market.
Many industry insiders have expressed alarm over a recent amendment made to a digital finance act pertaining...
Binance Unveils Korean Crypto Exchange ‘Binance KR’ on Binance Cloud
31.3.2020
Binance is all set to expand its operational geographic dimensions with the launch of “Binance KR” on the Binance Cloud platform. The renowned crypto exchange will launch the South Korean exchange on the cloud solution to kickstart its journey in the region’s marketspace. The news comes summed...
Major South Korean Bank Prepares to Launch Crypto Services as Government Green-Lights Regulation
28.3.2020
Following the approval of a regulatory framework for cryptocurrencies by the South Korean government, one of the largest banks in the country is preparing to launch a range of crypto services. KB Kookmin Bank has applied for trademark registration, reportedly listing over 20 crypto services on...
Korean Nth Room Police Hunt 260K Crypto Wallets, Brokerages Hand over Client Data
26.3.2020
South Korean crypto exchanges are cooperating with the police investigation into the Telegram “Nth room” sexual exploitation case, with brokerages now being searched, and exchange data seized and hundreds of thousands of crypto-fiat gateway records checked.
Per a number of South Korean media...
Major South Korean Crypto Exchanges Help Police In Child Porn Investigation
26.3.2020
South Korean police are reportedly working jointly with local crypto exchanges in the “nth rooms” child porn case
S Korean Province to Fight COVID-19 Recession with Stablecoin Handout
25.3.2020
Suwon, the capital of Gyeonggi Province. South Korea was one of the first nations after China to be hit with a major coronavirus outbreak. But as the health crisis slowly abates in the East Asian nation, government authorities are now looking at ways to deal with COVID-19’s economic fallout.
But...
Interpol Enlists Korean Startup to Track Crypto on the Dark Web
21.3.2020
Interpol enlists a Korean startup holding patents for analyzing crypto flows across the deep net to help fight cybercrime across the dark web
Ripple’s Korean Partner Sentbe Praises Company for Enabling Financial Inclusion of Migrant Workers
20.3.2020
Ripple is arguably one of the most advanced crypto-blockchain projects in the world, partnering with more than 200 banks and other financial institutions across the globe. One of the major countries of focus for Ripple has been South Korea, which itself is among the fastest-growing blockchain hubs...
South Korean Crypto Exchanges Ready Compliance Measures as Clock Ticks
19.3.2020
South Korea’s landmark Special Financial Transactions Information Act amendment was promulgated earlier this week, a fortnight after the country’s parliament voted unanimously in its favor.
Although many industry players have been galvanized by it, others have warned that its stipulations – which...
South Korean Government to Grant $3.2 Million to Blockchain Companies
17.3.2020
A state-based pilot program aims to provide funding to nine blockchain startups in South Korea
Is the South Korean Government Teaching Children How to Use Crypto?
16.3.2020
Source: iStock/recep-bg
A revamped learning resource platform aimed at boosting entrepreneurship in elementary and middle school pupils teaches children how to raise digital tokens in online crowdfunding incentives.
Per Yonhap, the platform, which went live on March 16, aims to nurture “young...
New South Korean Crypto Law May ‘Force 190 Exchanges to Close’
12.3.2020
While much of the South Korean crypto community is still celebrating the introduction of the country’s first-ever piece of crypto-specific legislation, others are warning that the overwhelming majority of crypto exchanges will likely go under once the new laws’ banking stipulations come into...
Bithumb Partners With Chainalysis Amid Tightening Korean Regulations
11.3.2020
Korean exchange Bithumb has partnered with Chainalysis to monitor transactions and ensure compliance with new South Korean regulations
South Korean Gaming Giant Unveils Two Mobile Blockchain Games
9.3.2020
WeMade Tree, the blockchain arm of South Korean gaming giant WeMade, has announced that it will release two new major blockchain-powered mobile gaming titles.
Per Sports Kyunghan, the two titles will be named Bird Tornado for WEMIX and Aqua for WEMIX.
WEMIX is Wemade Tree’s new blockchain-powered...
South Korean Lawmakers Greenlight Strict Crypto AML Bill
5.3.2020
South Korean lawmakers voted to place tough new requirements on cryptocurrency exchanges, adding legitimacy to the country’s sprawling crypto economy – and potentially triggering a market consolidation
Breaking: South Korean Parliament Passes ‘Landmark’ Crypto Bill
5.3.2020
In a dramatic turnaround, the South Korean parliament, the National Assembly, has voted in favor of the country’s first cryptocurrency-specific legislation in the past few hours.
The amended Special Financial Transactions Information Act, which was approved by a National Assembly finance committee...
US Charges North Korea-Linked Chinese Nationals for Laundering Over $100 Million in Stolen Cryptocurrency
3.3.2020
The U.S. government has charged two Chinese nationals involved in laundering stolen cryptocurrency worth $100 million from an exchange allegedly for the benefit of North Korea. They are linked to the U.S.-designated North Korean state-sponsored Lazarus Group. A total of 113 cryptocurrency accounts...
US Treasury Department Blacklists 20 Bitcoin Addresses Tied to Alleged North Korean Hackers
2.3.2020
The U.S. Treasury Department's Office of Foreign Asset Control has added two individuals and 20 bitcoin addresses to its sanctions list, accusing them of being part of the North Korea-affiliated Lazarus Group
13,000 South Korean ATMs to Enable Litecoin Withdrawals
28.2.2020
Source: iStock/Ja'Crispy
Litecoin (LTC), the cryptocurrency created by Charlie Lee to be the “silver to Bitcoin’s gold” back in 2011, may be about to see more real-world use as more than 13,000 ATMs in South Korea enable LTC withdrawals directly to Korean won (KRW).
The Litecoin Foundation said...
Beyond the Law Star Steven Seagal Settles With SEC + More News
27.2.2020
Beyond the Law movie poster. Steven Seagal is in the middle.
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Legal news
The U.S. Securities and Exchange Commission (SEC) settled...