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Bithumb Taps Chainalysis for FATF-Grade Crypto Investigation Tool
10.3.2020
The Bithumb exchange is tapping investigative tools offered by Chainalysis just a week after South Korea voted for tough new laws around the space
Regulatory Roundup: French Court Considers Bitcoin Money, Cryptocurrencies Legitimized in South Korea, Australia, India
10.3.2020
The cryptocurrency sector worldwide saw several historic regulatory events last week. In this roundup, we cover a landmark bitcoin ruling by a French court, South Korea’s first crypto bill, an Australian court’s ruling, Germany’s announcement, and a recent FATF meeting where more...
South Korea Passes Bill to Regulate Cryptocurrency in Line With FATF Standards
7.3.2020
South Korea’s National Assembly finally passed a bill that provides a framework for the regulation of cryptocurrencies and exchanges. Crypto service providers will be required to use the real-name verification system and comply with reporting requirements in line with the global...
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
Why Bitcoin Mining Might Be the New Business Model for US Power Plants
5.3.2020
South Korea gets legal recognition for crypto, New York power plant mines BTC and the end of the intranet era for enterprise blockchain?
South Korea Passes Law to Introduce Permit System for Crypto Exchanges
5.3.2020
Virtual currency exchanges in South Korea will soon have to report their activities to regulators after receiving real-name confirmed bank accounts
Crypto Custody Could Help Keep South Korea’s Biggest Exchanges Afloat
4.3.2020
South Korean cryptocurrency exchanges have been suffering as trading volumes continue to remain low or stagnant in what was once one of the world’s busiest bitcoin (BTC) and altcoin markets.
The downturn in trading has already seen many exchanges go out of business in recent months....
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 Government Sanctions Two Chinese Nationals in Connection With Lazarus Group Hack
3.3.2020
The U.S. Department of the Treasury’s Office of Foreign Assets Control sanctioned two Chinese nationals accused of laundering cryptocurrency that was stolen in a 2018 crypto exchange hack, in connection with Lazarus Group
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 ATMs in South Korea to Support Litecoin Withdrawal and Remittances
28.2.2020
The Litecoin Foundation hopes to drive LTC adoption in Asia through the new partnership with MeconCash
South Korea’s NH Bank Debuts Samsung-Backed Blockchain ID System
27.2.2020
South Korea’s NongHyup Bank rolls out first commercial use of blockchain ID technology backed by tech giant Samsung
RippleNet to Boost Remittances Across Asia WIth New Partnerships
26.2.2020
A group of companies in South Korea and Philippines have joined RippleNet to bolster the remittance business
South Korea’s Bithumb Launches Zero Fee Transfers to Global Platform
26.2.2020
Bithumb users can now instantly move Bitcoin and Ether to Bithumb Global with zero fees
Ripple to Offer Cheaper, Faster Cross-border Payments in Korea
26.2.2020
Yesterday, Ripple announced that it would be partnering with money transfer service providers Sentbe, Hanpass, and WireBarley to offer an improved cross-border payment experience in Korea. Together with @cross_enf and our newly added customers Sentbe, Hanpass, WireBarley and more, we...
Ripple to Offer Cheaper, Faster Cross-border Payments in Korea
26.2.2020
Yesterday, Ripple announced that it would be partnering with money transfer service providers Sentbe, Hanpass, and WireBarley to offer an improved cross-border payment experience in Korea. Together with @cross_enf and our newly added customers Sentbe, Hanpass, WireBarley and more, we...
Crypto Law Implementation ‘Virtually Impossible’ in Virus-hit S Korea
26.2.2020
The coronavirus continues to take its toll on the blockchain and cryptocurrency industry – and is now threatening to derail the introduction of a long-awaited piece of crypto legislation in South Korea.
South Korea is suffering from a severe outbreak of the virus, with over 1,260 confirmed cases...
South Korean Tax Policy Association Proposes Two-Step Tax on Cryptocurrencies
25.2.2020
Cryptocurrency is here to stay in South Korea as tax experts are looking into how to tax traders
CoinDeal Launches Crypto Debit Card With Great Benefits
25.2.2020
The cryptocurrency exchange founders with years of experience in finance, Blockchain, and crypto industry, have prepared a pre-order of a CoinDeal debit card. Now, cryptocurrency payments will be easier than ever, at any time and place. If you want to buy a coffee directly from your exchange...
Tax and KYC Issues Plague Upbit's Foreign Withdrawals, Exchange Says
20.2.2020
South Korean crypto exchange Upbit still bans foreign clients from withdrawing funds