Over two months ago, the Korea Blockchain Association (KBA) decided to initiate self-inspections into cryptocurrency industry striving to insure the digital exchanges operating in South Korea had safeguards to check themselves from potential issues such as cyber-attacks and malicious activities.
The FSC specifically wanted money laundering and cyber-crime prevention to be the major issues that the exchanges should be focusing on.
Hence, the forthcoming FSC regulations aimed to provide frameworks that pertains to AML and KYC requirements for the exchanges to follow.
The other day, the Korea Blockchain Association, an industry body that contains nearly two dozen cryptocurrency companies, has concluded an in-house examination of 12 domestic digital currency trades that began in May.
The 12 exchanges receiving the approval are: Dexko, Hanbitco, OKCoin Korea, Huobi Korea, Bithumb, Upbit, Neoframe, Gopax, Cpdax, Coinzest, Korbit and Coinone.
12 Korean Crypto Exchanges Pass Self Regulatory Probe The Korean Blockchain Association (KBA) just announced the results of a self-regulatory review of Korean exchanges, stating that all exchanges assessed fulfill the minimum requirements established by KBA in April 2018.
The biggest self-regulatory cryptocurrency body is under scrutiny of Korean industry for its investigation principles affirming 12 out of 12 digital trades screened in a recent self-administrative drive.
The Korean Blockchain Association (KBA) has passed a vote of confidence on 12 cryptocurrency exchange platforms in South Korea. All 12 Cryptocurrency Exchange Platforms Meet the Requirements According to the KBA, all 12 participants in the audit passed the minimum requirements set forth by the Association.
The Korean Blockchain Association (KBA) has passed a vote of confidence on 12 cryptocurrency exchange platforms in South Korea. All 12 Cryptocurrency Exchange Platforms Meet the Requirements According to the KBA, all 12 participants in the audit passed the minimum requirements set forth by the Association.
South Korea is a very important location in the world of cryptocurrency. Its exchanges generate tremendous amounts of trading volume, and it seems that situation will not change anytime soon. According to a new report, the Korean Blockchain Association has announced that all exchanges meet its regulatory requirements, which is a very positive sign. Korean Exchanges […]
The self-regulatory inspection of South Korean cryptocurrency exchanges is complete. Fourteen out of 23 exchanges agreed to be inspected. Twelve met the self-regulatory standards despite security flaws, raising questions of how effective the inspection is.
The Korea Blockchain Association (KBA) found that 12 Korean cryptocurrency exchanges passed the minimum standards required when it came to cybersecurity measures. These included large exchanges like Bithumb, Korbit, and Gopax.
South Korea’s Lotte Global Logistics, a major Seoul-headquartered logistics and shipping firm, has joined the Blockchain in Transport Alliance (BiTA), FreightWaves reported Monday, July 9. The BiTA trade association was formed in 2017 to popularize and develop blockchain applications in the transport and logistics industries, as well as to establish industry standards for adoption of
The Walton Blockchain Institute signed a partnership agreement with the Korean Standards Association (KSA) on June 11 to promote top-notch research and development in the field of blockchain technology and implementation.
South Korean cryptocurrency exchange Coinrail reported a hack on its website during the early morning hours of June 10, 2018. The thieves allegedly made off with over $40 million worth of altcoins and assorted tokens.
The declaration of Martial law in South Korea on December 3, 2024, caused chaos for crypto exchanges like Upbit and Bithumb. The crypto exchanges experienced downtimes as investors rushed to manage their assets.
Bithumb announced that it will be launching $TRUMP meme coin on its platform with a base price of 53,350 won three days after its official launch. Bithumb, South Korea’s second largest crypto exchange, will launch the official Trump meme coin,…
Bithumb, South Korea’s second largest crypto exchange, is dropping NongHyup Bank in favor of Kookmin Bank as part of its efforts to tap into the mainstream market. According to a report by The Korea Times on Jan. 13, Bithumb will…
South Korea’s Cube Entertainment is under scrutiny after its CEO, Kang Seung-gon, was accused of allegedly misleading investors into a cryptocurrency investment that resulted in significant financial losses.
South Korea considers easing restrictions on corporate crypto trading, with plans to gradually issue real-name accounts to institutional investors. South Korea is set to allow corporations to invest in cryptocurrencies as the Financial Services Commission is considering a gradual approach…
South Korean conglomerate Lotte Group has tapped the Ethereum layer 2 network Arbiturm to enhance its artificial intelligence-driven metaverse platform, Lotte Caliverse. Announced at CES 2025, Arbitrum’s blockchain, with its 250ms block times, is described by Steven Goldfeder, CEO of…
