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Reports from the 대한민국 Republic of South Korea (ROK) indicate its Customs Service announced on Wednesday, 31 January 2018, it has discovered “cryptocurrency crimes” which amount to nearly 600 million USD. Also read: Nassim Nicholas Taleb vs David Birch on The Bitcoin Standard South Korea Customs Service Finds Almost $600 Million in Cryptocurrency Crime ROK Customs … Read more
South Korean cryptocurrency exchanges will finally begin adding new users after disabling anonymous trading. #ANALYSIS Go to Source Powered by WPeMatico
Crypto markets will not face a crackdown or ban, the South Korean Finance Minister has said. #NEWS Go to Source Powered by WPeMatico
We have another interesting Bitcoin-related development in South Korea. For once, this has nothing to do with regulation or anything along those lines. Instead, one criminal saw 191 bitcoins confiscated by law enforcement earlier this week. The individual in question had been running an illegal site. It is evident the confiscation of Bitcoin in South Korea … Read more
Samsung begins mass production of ASIC chips with a Taiwanese foundry that supplies Bitmain #NEWS Go to Source Powered by WPeMatico
The New York State Department of Financial Services has asked two South Korean financial authorities to share cryptocurrency-related data they obtained from their recent inspections of six major Korean banks. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies The US Wants South Korean Crypto Data The New York State Department of Financial … Read more
The new South Korean cryptocurrency account system has entered into force nationwide today, ending the current practice that allowed for anonymous trading of cryptocurrencies. Traders must open real-name accounts at the same banks as their exchanges in order to deposit money to trade cryptocurrencies. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies … Read more
It is safe to say the cryptocurrency situation in South Korea is a lot more complex than most people think. A recent string of regulations has introduced some interesting albeit positive changes to this nascent industry. Moreover, the country’s National Pension Fund plays a surprisingly big role in the future of cryptocurrency. South Korea Won’t Benefit From Strict Regulation … Read more
There is never a boring day in the world of cryptocurrency. Not too long ago, CoinMarketCap.com decided to exclude Korean cryptocurrency prices from their global market averages. It now seems the site has reversed this decision without issuing any official warning or explanation. This change appears to affect all cryptocurrency markets, although the rest of the world … Read more
The South Korean National Pension Fund has been indirectly investing billions of won in cryptocurrency exchanges such as Upbit, Bithumb, and Korbit. This was revealed amid the country’s regulators continually releasing regulatory measures for cryptocurrencies. Also read: South Korean Officials Caught Trading On Insider Knowledge of Crypto Regulations Investments In Crypto Exchanges Amid South Korean regulators pushing … Read more
