2021-8-19 04:00 |
Regulators around the world are cautious about the rise of cryptocurrencies. South Korean authorities are not an exception. The Governor of Bank of Korea, Lee Ju-Yeol, stated that Bitcoin “has no intrinsic value. origin »
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According to data submitted to Rep. Cha Gyu-geun of the Rebuilding Korea Party, South Korea’s cryptocurrency investors reached 16. 29 million as of February. This figure represents nearly 32% of the country’s population.
2025-3-31 19:00 | |
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South Korea should introduce cryptocurrency exchange-traded funds to stay competitive in global finance, according to the chairman of the Korea Exchange (KRX). In a recent interview in Seoul, chairman Jung Eun-bo stressed that with South Korea being the “third-largest real…
2025-2-10 12:01 | |
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Both the US and South Korea were seeking Kwon's extradition
2024-12-28 19:24 | |
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South Korea’s crypto investors hit 15.59 million, with trading volumes rivaling stock markets. Learn about market trends and government challenges. The post Over 30% of South Korea’s Population is Investing in Crypto appeared first on BeInCrypto.
2024-12-25 14:00 | |
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On November 27, 2024, BYDFi made waves by officially joining South Korea’s CODE VASP Alliance. The collaboration features a seamless integration with the Travel Rule compliance solution, guaranteeing alignment with South Korea’s regulatory framework for cryptocurrency transactions.
2024-12-17 22:21 | |
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CryptoQuant CEO Ki Young Ju has raised concerns about South Korea’s readiness to approve spot Bitcoin exchange-traded funds (ETFs). In a Nov. 26 post on X (formerly Twitter), Ju compared the regulatory climate in South Korea to the contentious stance of the US Securities and Exchange Commission (SEC) Chair Gary Gensler, suggesting that such an […] The post CryptoQuant CEO compares South Korea’s hostile Bitcoin stance to ‘Gary Gensler situation’ appeared first on CryptoSlate.
2024-11-28 17:15 | |
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The Korea Premium Index drives price surges in South Korea's crypto market, where institutional trading plays a pivotal role.
2024-9-18 03:00 | |
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South Korea appears to have found itself at a crossroads, engaging with the potential impacts of introducing spot crypto exchange-traded funds (ETFs) into its financial ecosystem. The Korea Institute of Finance (KIF) recently released a report voicing significant concerns over these financial products.
2024-6-25 04:00 | |
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South Korea was the third largest cryptocurrency market in the world at press time. In contrast to the 'Digital Gold' narratives in the west, the growth is largely based on the trading of cryptThe post Why crypto attracts South Korea like iron to magnets appeared first on AMBCrypto.
2023-7-15 14:30 | |
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Terra co-founder Do Kwon is currently in custody in Montenegro, while Daniel Shin's trial preparations in South Korea are reportedly underway.
2023-7-10 18:30 | |
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South Korea requested the extradition of the Terraform Labs CEO after his recent arrest in Montenegro.
2023-4-7 14:16 | |
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South Korea has begun a probe into cryptocurrency exchanges in the country in relation to offering native tokens, as per a local news report. The Korea Financial Intelligence Unit (KoFIU) is the finanThe post Assessing the impact of the FTX debacle on South Korea and more appeared first on AMBCrypto.
2022-11-21 12:30 | |
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The Terraform Labs co-founder faces charges in South Korea relating to the crash of the Terra ecosystems’ cryptocurrencies.
2022-9-26 05:35 | |
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South Korea will get a separate security tokens market operated by Korea Exchange.
2022-9-8 12:47 | |
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The Korea Financial Intelligence Unit (KoFIU) said that it has alerted the investigating authority about the illegal business activities of 16 unregistered Virtual Asset Service Providers (VASPs) operating in South Korea.
2022-8-19 22:00 | |
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Financial watchdogs in South Korea are checking commercial banks' foreign exchange transactions for the illegitimate use of cryptocurrencies. An unnamed Financial Supervisory Service official said The post South Korea: The LUNA investigation is leading the FSC to check... appeared first on AMBCrypto.
2022-7-22 21:30 | |
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In the crypto sector, South Korea enjoys quite a bit of fame thanks to its "Kimchi Premium" and large alt coin market. However, the country's central bank authorities aren't far behind in crypto innovThe post CBDC a 'high possibility' in South Korea, first test could take place before December appeared first on AMBCrypto.
2021-10-10 20:00 | |
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With changing regulatory landscape in South Korea, it has been getting tough for the cryptocurrency exchanges to comply. The result of this confusion has led many exchanges to limit the number of crypThe post Why South Korea's 'Kimchi coins' are in trouble appeared first on AMBCrypto.
2021-7-1 03:00 | |
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South Korea’s Financial Services Commission (FSC) has announced that it is banning exchange operators and executive employees from trading on their platforms. This has led to series of complaints from exchanges that are affected.
2021-6-8 18:59 | |
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South Korea’s regulators have announced a new crackdown on crypto-related illegal activity amidst the ongoing digital assets trading boom, local news outlet Yonhap News Agency reported today. The post South Korea aims to “pay special attention” to Bitcoin and crypto transactions appeared first on CryptoSlate.
2021-4-20 16:00 | |
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South Korea’s Financial Services Commission (FSC) announced yesterday it would be imposing penalties for… The post Exchanges in South Korea face huge fines for AML non-compliance appeared first on Coin Journal.
2021-3-12 14:32 | |
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South Korea’s healthcare sector is seeing an increase in blockchain adoption as practitioners pivot towards virtual contact with patients amid the ongoing coronavirus pandemic. From the handling of clinical research data to patient information, the novel tech is experiencing utilization in South Korea as stakeholders prioritize privacy and efficiency within the industry.
2020-12-16 20:00 | |
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The market was shaken by news of South Korea's largest crypto exchange being investigated by police
2020-9-2 17:25 | |
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South Korea’s government is reportedly exploring a $400 million blockchain R&D fund to boost its emerging digital economy and stay apace with China’s growing dominance in the sector. According to ZDNet Korea, the country’s Ministry of Science and Technology will at the end of the month decide on whether to move forward with a planned […] The post South Korea Plotting $400 Million Blockchain War Chest to Challenge China appeared first on BeInCrypto.
2020-5-15 23:11 | |
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South Korea's finance ministry might be planning to impose a 20 percent tax on income gained from cryptocurrency transactions, according to a recent Korea Herald report. The report quoted a governmentThe post South Korea considering the imposition of 20% tax on crypto-profits appeared first on AMBCrypto.
2020-1-20 10:19 | |
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China will soon be unveiling its state-backed cryptocurrency and it has left no stones unturned in publicizing it. However, looking at the few nations embracing blockchain and cryptocurrencies, the SoThe post South Korea's Presidential Commission recommends government join the crypto-space appeared first on AMBCrypto.
2020-1-6 13:02 | |
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Capital gains from transactions involving virtual currencies such as bitcoin may soon be taxed in South Korea, according to a report by the Korea Times. The publication refers to government sources, and confirmation received from the Ministry of Economy and Finance.
2019-12-9 21:01 | |
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The Ministry of Science and Technology in South Korea is planning to put 450 billion Won, which is about $382 million, in blockchain development and research. The investment would take place over a 6 years period of time, starting in 2021 and ending in 2026, the ZDNet Korea has reported on Thursday. As some government […]
2019-11-22 20:27 | |
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A United Nations (UN) report has disclosed how the intergovernmental organization is investigating at least 35 cyberattacks led by North Korea, South China Morning Post reports. The attacks include cryptocurrency exchange hacks and crypto-jacking campaigns.
2019-8-13 12:08 | |
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Chairman Choi Jong-ku left the Financial Services Commission in South Korea last week. There are already multiple candidates that may fill his position. South Korea has been rather strict in the way that they’ve navigated the cryptocurrency industry, but could that change soon? A new report from The Korea Times indicates that the chairman of […]
2019-7-24 23:48 | |
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Scams Hit South Korea Hard Crypto scams haven’t been kind to South Korea. As reported by The Korea Herald, an English newspaper covering events in South Korea, the local Justice Ministry estimates that crypto-related crimes.
2019-7-23 13:30 | |
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A subsidiary of SK Group, one of the largest conglomerates in South Korea that operates the nation’s biggest telecommunications company SK Telecom, is set to invest in a crypto fund created by ConsenSys.
2019-7-8 11:00 | |
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As a proof-of-concept, a shipping container has completed its transcontinental, blockchain-automated shipment from South Korea to the Netherlands
2019-7-3 00:25 | |
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South Korea’s largest bank by assets, KB Kookmin, has partnered with a cryptocurrency startup to develop custody solutions. South Korea’s Kookmin U-Turns on Crypto Reported by local media outlet Business Korea June 11, Kookmin will now work with local company Atomrigs Lab, which is active in digital asset protection.
2019-6-11 14:00 | |
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Coinspeaker Disney is Reportedly Set to Put Out $13,2B for South Korea’s Largest Game Developer NexonGlobal entertainment leader Disney is apparently in talks with NXC, which owns the largest video game publisher in South Korea, as well as two major cryptocurrency exchanges: Bitstamp and Korbit.
2019-4-23 12:57 | |
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The crypto winter continues to make victims. Unfortunately, the next victims are the employees of Bithumb, the largest cryptocurrency exchange in South Korea. Coindesk Korea has recently reported that the affirmed that it would cut the number of employees from the current 310 to around 150 soon. If this is confirmed, half of the team […]
2019-3-19 00:54 | |
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Sampo Generation In South Korea Turn To Crypto To Bypass Country’s Societal Demands Cryptocurrency, for many millennials in South Korea, could not have come at a better time. cryptocurrencies have provided them with an avenue to escape the various rigid demands placed on them by society.
2019-2-12 21:54 | |
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South Korea’s state financial regulator Financial Service Commission (FSC) will continue the ban on initial coin offerings (ICOs); this was confirmed in a press release published on January 30, 2019.
2019-2-2 22:00 | |
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South Korea will push for major cryptocurrency adoption, claims a new report, strengthening the spotlight on the tech hub which forms one of the most crypto-friendly countries in the world. Also read: Korean Incoming Minister Confirms Crypto Taxation Plans South Korea’s Enthusiasm for Tech As one of the most innovative countries in the world, it’s no […] The post Report: South Korea to Push for Major Adoption of Cryptocurrencies appeared first on Bitcoin News.
2018-12-9 01:35 | |
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The financial authorities of South Korea, most specifically from the Ministry of Finances, have declared that they are currently considering to create a cryptocurrency tax. The idea was announced by the active minister, Hong Nam-Ki.
2018-12-4 07:19 | |
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Pure Bit, a cryptocurrency exchange in South Korea, has allegedly pulled an exit scam, disappearing with more than $30 million worth of user funds. On Nov. 9, as BlockchainROK, a trusted news source in South Korea reported, the management team of Pure Bit started to delete social media handles of the exchange and kicking users […] The post Crypto Exchange in South Korea Pulls Exit Scam, Stealing $30 Million appeared first on CryptoSlate.
2018-11-10 12:35 | |
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According to The Next Web (who has referenced UPI), South Korea’s intelligence team have pointed their fingers at North Korea for supposedly having hacked into the former’s computers in order mine cryptocurrencies.
2018-11-1 00:27 | |
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South Korea stood its ground on the matter of legalizing initial coin offerings (ICOs), reaffirming the ban that the country instituted last fall. ICO Ban Stands The Financial Services Commission (FSC) – South Korea’s top financial regulator — reaffirmed October 11 that the country will maintain its position on initial coin offerings and keep them outlawed.
2018-10-12 20:00 | |
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According to a report by Business Korea, South Korea’s ruling Democratic Party lawmakers Min Byung-doo and Roh Woong-rae are spearheading an initiative to convince the government to reverse the ban on initial coin offerings (ICOs) enacted in Sept.
2018-10-7 20:59 | |
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South Korea has maintained a reasonably negative stance on cryptocurrencies and initial coin offerings (ICOs) since their blanket ban in September 2017. According to Business Korea’s article released on October 4, 2018, however, the National Assembly is looking to convince the government to remove the ICO ban as it may undermine South Korea’s future competitiveness.
2018-10-5 09:00 | |
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Think of living a completely cashless life
The post World Credit Diamond Coin: Facilitating China and South Korea partnership using Blockchain appeared first on CoinSpeaker.
2018-9-23 14:37 | |
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Crypto traders in South Korea could soon have direct access to Binance’s trading platform. According to a speculative report circulating in the Korean media, the largest cryptocurrency exchange in the world (by trading volume) is preparing to tap in on South Korea’s booming digital asset market by setting up a regional office in the country.
2018-7-26 17:28 | |
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South Korea’s Financial Services Commission recently announced a “major organizational reshuffle” to help protect consumers and adapt to changing financial innovations. Part of the reorganization includes a new division to oversee the cryptocurrency sector.
2018-7-21 17:21 | |
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Though cryptocurrencies and blockchain applications seem to have taken the entire world by storm, there are few places where this new technology has been embraced like South Korea. In part, thanks to changing regulations within the country, the overwhelming sentiment seems to indicate that crypto will soon become fully integrated into everyday life in South Korea.
2018-7-16 16:49 | |
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After a turbulent 2023, Bithumb posted a 565% increase in net profit in 2024, aided by market recovery and improved investor sentiment. South Korean cryptocurrency exchange Bithumb successfully returned to profitability last year, with revenue increasing by 265.4% year-over-year, News1…
According to data submitted to Rep. Cha Gyu-geun of the Rebuilding Korea Party, South Korea’s cryptocurrency investors reached 16. 29 million as of February. This figure represents nearly 32% of the country’s population.
Out of the 2,047 South Korean public officials who submitted asset declaration, 20% reported to owning crypto assets. Seoul City Councilor Kim Hye-young held the largest amount with 1. 7 billion KRW.
Korean regulators have banned the Poloniex, KuCoin, and MEXC, as well as other 14 apps of crypto exhcanges from Google Play due to their unregistered operations in the country. South Korean authorities have restricted access to multiple foreign cryptocurrency exchange…
LG is winding down its Art Lab, allowing collectors to withdraw NFTs before its closure in June. South Korean multinational electronics tycoon LG is winding down its LG Art Lab platform, a marketplace for non-fungible tokens launched to bring digital…
Bithumb is reportedly under investigation by Korean prosecutors for allegedly using company money to support the former CEO’s apartment purchase. South Korean prosecutors have reportedly raided the headquarters of cryptocurrency exchange Bithumb over allegations that the company’s funds were used…
South Korea’s financial watchdog has committed to issuing clear rules for institutional crypto investment, with a phased rollout starting in April. South Korea‘s Financial Services Commission is moving forward with plans to allow institutional investors into the crypto market, with…