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The South Korean prime minister has emphasized that closing down cryptocurrency exchanges is not a serious consideration. His statement clears up any remaining confusion in the market regarding whether the Korean regulators are still considering this option. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Closing Down Exchanges Not Serious Consideration South … Read more
The case against the South Korean government over cryptocurrency regulations filed with the Constitutional Court has been referred to the Supreme Court. If the court rules that the regulations are unconstitutional, all existing crypto regulations imposed by the government could be nullified. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Case Referred … Read more
Most cryptocurrency investors in South Korea remain anonymous without moving their accounts to the government-mandated real-name system. So far, less than 10% of crypto traders have converted their virtual accounts into real-name ones. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies 8% Conversion Rate So Far The real-name system for cryptocurrency exchange … Read more
Despite some cracks on the icy surface of inter-Korean relations, caused by the Olympic spirit, tensions on the silent crypto front in Korea remain high. South Korean intelligence has informed lawmakers in Seoul that the North keeps trying to hack cryptocurrency exchanges south of the DMZ. Cryptos worth billions of won have been stolen by … Read more
Britain’s largest banking group is banning its credit card customers from buying cryptocurrencies including bitcoin. Credit card issuers that are banning crypto transactions include the UK’s largest retail bank, Lloyds Bank, Bank of Scotland, Halifax, and MBNA. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Largest British Banking Group Banning Crypto Britain’s … Read more
The majority of cryptocurrency exchanges in South Korea are unable to use the new government-mandated system which was recently implemented. Six major banks have installed the real-name system, but only three have decided to offer the service to crypto exchanges. In addition, only the country’s top four exchanges receive this service from banks. Also read: Japan’s … Read more
The South Korean Minister of Strategy and Finance has met with the governor of the People’s Bank of China to discuss and share economic policies including cryptocurrency countermeasures. While China has imposed strict regulations on cryptocurrency trading, including closing down exchanges, South Korea has adopted a less strict approach. Also read: Japan’s DMM Bitcoin Exchange Opens … Read more
California, USA – Blockchain-based knowledge sharing platform Lunyr launches Open Beta which will initially offer more than $200,000 in rewards for writing, editing, and peer reviewing information. Now running live on the Ethereum blockchain mainnet, the Lunyr Open Beta represents a revolutionary breakthrough in the future of knowledge sharing. As the knowledge base grows, so … Read more
A South Korean court has ruled that bitcoin has an economic value for the first time. This overturned an earlier court ruling which did not recognize the digital currency. The case involves the confiscation of 191 bitcoins. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Bitcoin’s Status Re-Examined The Suwon District Court … Read more
Korean electronics giant Samsung is the latest chip manufacturer to enter the bitcoin mining hardware market. The company’s foundry has reportedly already began producing ASIC chips for a Chinese client earlier this month. Also Read: Vegetables on a Blockchain ICO Exit Scams After Paying People to Write On Their Bodies Samsung Bitcoin Chips Samsung Electronics … Read more
