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A South Korean lawmaker has shown how the government’s announcement policy enabled market manipulation last week following the news of possible cryptocurrency trading shutdown. According to his evidence, reporters and officials had 40 minutes to buy the dip as the price of bitcoin in Korean won reversed and rallied. Also read: South Korean Officials Caught Trading … Read more
Income from crypto account fees for South Korean banks soars, 36 times higher than in 2016 #NEWS Go to Source Powered by WPeMatico
Over the past few months, South Korea has become one of the world’s biggest cryptocurrency hubs. Local exchanges generate billions in volume every single day, divided among the top and smaller cryptocurrencies. Even though the government is looking to curb cryptocurrency trading, the general population is not too bothered. A new study shows that close to … Read more
The South Korean Fair Trade Commission (KFTC) does not have the authority to close cryptocurrency exchanges. “It is impossible in reality,” said the KFTC chairman. The agency is currently investigating 13 major exchanges operating in the country for alleged violations of the e-commerce law. Also read: South Korean Officials Caught Trading On Insider Knowledge of Crypto … Read more
Bitcoin, along with most of the crypto market, took a massive plunge this week that had many ring the alarm bells on ‘popped bubbles’ and ‘Bitcoin crashes.’ However, there has been a market recovery. Go to Source Powered by WPeMatico
The latest scandal in South Korea’s cryptocurrency space: govt. officials are being accused of insider crypto trading. #NEWS Go to Source Powered by WPeMatico
JP Morgan’s Global Market Strategist Mike Bell seems to have timed his tirade against cryptocurrencies perfectly stating that governments could ban them in the wake of confusion emanating from Korea. #REGULATIONS Go to Source Powered by WPeMatico
South Korean government officials have reportedly been caught insider trading. They sold all of their cryptocurrency holdings and profited just before the regulators announced crypto regulatory measures. The country’s Financial Supervisory Service is investigating the case. Also read: South Korea Urges 23 Countries, EU, and IMF to Collaborate on Curbing Crypto Trading A Case of Government … Read more
Amid regulatory uncertainty, South Korean cryptocurrency exchange Upbit has grown rapidly, offering 121 cryptocurrencies and over 200 trading pairs. Backed by Kakao Corp, the platform is now the largest crypto exchange by volume globally. Also read: South Korea Urges 23 Countries, EU, and IMF to Collaborate on Curbing Crypto Trading Upbit Tops the Chart South Korean … Read more
Over 200,000 South Koreans have signed the petition to save ‘the happy dream’ of Bitcoin. The government is now expected to respond. #NEWS Go to Source Powered by WPeMatico
