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A law firm from Seoul has decided to address arbitrary measures taken by authorities to regulate cryptocurrency trade. Korean lawyers have filed an appeal accusing their government of “unconstitutional” infringement on property rights. Newly imposed rules are devaluing virtual currencies, they say. Also read: Koreans Deposited 64 Times More Fiat Into Crypto Exchanges in 2017 … Read more
The South Korean government has for the first time obtained data of the total amount of fiat deposits made at cryptocurrency exchanges. At the end of last year, the amount of deposits was 64 times higher than in the previous year. Also read: Russian Regulators Draft Law to Restrict Crypto Mining, Payments, and Token Sales Koreans … Read more
Physical bank branches are already losing their usefulness and appeal; entire financial sector will move to digital banking to compete for customers. #EXPERT BLOG Go to Source Powered by WPeMatico
Despite the Indian government’s reluctance to embrace Bitcoin, the digital currency and its underlying Blockchain technology had a banner year. Go to Source Powered by WPeMatico
South Korean banks are further distancing themselves from bitcoin following the government’s ”emergency” regulation which bans them from direct involvement in cryptocurrency-related activities. Shinhan Bank and KB Kookmin Bank have announced that they are discontinuing their points for bitcoin exchange services in January. Also read: South Korea Clarifies Position After Reports of Possible Ban on All … Read more
Bitcoin and the digital asset economy has seen a meteoric rise in value over the course of 2017. Various countries have caught the cryptocurrency fever, but the lion’s share of digital asset demand has stemmed from regions located in Asia. It’s clear from various data recorded all year long that countries like Japan, South Korea, … Read more
Amid a see of red, Ripple (XRP) surges on. With Bitcoin and many other altcoins experiencing downtrends, Ripple continues to surge. It is currently hovering at US$1.15, with a BTC pair of over 7,000sat. Just last month, Ripple was trading at US$0.20. After a surge last week of over 300%, XRP has continued its massive … Read more
The European Union’s plans to tighten up cryptocurrency regulation are supposed “to improve the prevention of money laundering and to cut off terrorist financing.” But could it be in the interest of big banks? #REGULATIONS Go to Source Powered by WPeMatico
Peter Smith, CEO of Blockchain.info, has told CNBC he expects central banks to start holding cryptocurrencies next year. #NEWS Go to Source Powered by WPeMatico
Over 40 companies in South Korea are participating in cryptocurrency self-regulation. Among them are 14 exchanges which have agreed to implement self-regulatory measures; they include Bithumb, Coinone, and Korbit. This announcement came just one day after the Korean government released its emergency crypto regulation. Also read: South Korea Clarifies Position After Reports of Possible Ban on … Read more
