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In a continuation of its regulatory machinations, the South Korean government has unveiled its latest cryptocurrency legislation. With its sights set once again on exchanges, officials want to curb the use of anonymous accounts and increase their control over exchanges overall. Perhaps in response to the news, the cryptocurrency markets fell overnight, with Bitcoin slumping 10%. … Read more
South Korea’s government sees Bitcoin price as “irrationally overheated,” reiterates its authority to shutter exchanges if needed. #REGULATIONS Go to Source Powered by WPeMatico
If you know how hot South Koreans are for crypto, this may not come as much of a surprise. According to a new survey, 3 out of every 10 South Korean workers have some investment experience with cryptocurrencies. Nearly 1 in 3 Invested in Cryptocurrency This Wednesday, web-based job portal Saramin published the results of a survey that … Read more
The government of South Korea held a meeting on Thursday to discuss measures to deal with the growing trend of cryptocurrency speculation. The regulators clarified the clampdown on virtual accounts as well as other measures to end anonymity. In addition, the Ministry of Justice suggested an even more extreme measure. Also read: Russian Regulators Draft Law … Read more
Survey data shows that about three out of every 10 South Korean workers have invested in cryptocurrency in some shape or form. Also Read: Former FDIC Chair Sheila Bair on Bitcoin: “Value — Like Beauty — Is in the Eye of Beholder” 31.3% Invested in Virtual Currencies On Wednesday, online job portal Saramin surveyed 941 salaried … Read more
Aston is going to record all the documents incurred from the international trade on a Blockchain in order to protect them against forgery and fabrication #BLOCKSHOW 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
South Korean authorities are divided whether bitcoins from criminal proceeds should be confiscated. In a criminal case involving 216 bitcoins, the court previously ruled that the digital currency cannot be confiscated. However, the prosecutor is now appealing to the court to overturn that decision and allow the forfeiture of the bitcoins, now worth billions of … Read more
South Korean Government Concerned With Scams in Bitcoin Market as Fake Exchanges and Ponzi Schemes Emerge. #REGULATIONS Go to Source Powered by WPeMatico
Cyber security researchers found a new type of malware spreading across the world via the Facebook Messenger app. This malicious bot is using the many computers it has infected to mine cryptocurrency for its unscrupulous developers at the expense of users. Also read: Starbucks Customer Has His Laptop Hijacked for Cryptocurrency Mining A couple of cyber … Read more
