2021-6-15 19:27 |
Stringent regulatory policies in South Korea could force many small- and medium-sized crypto exchanges out of the country.
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South Africa’s Intergovernmental Fintech Working Group (IFWG) has a released new position paper that calls for the regulation of the country’s cryptocurrency ecosystem. In the document, the IFWG, which is a creation of the South Africa Reserve Bank (SARB), recommends “a staged approach to bring crypto-assets within the regulatory remit through the regulation of crypto […]
2021-6-13 08:30 | |
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Crypto regulation is gaining traction by the day, and the latest is in the Asian nation South Korea. ‘Bicycling’ Creates ‘Conflict Of Interest’ The top regulatory body of the South Korean financial market, the Financial Services Commission, is bringing to an end the practice of ‘bicycling' by crypto exchange operators, per reports from a local […] The post South Korea’s FSC Looks to Rein In Cryptocurrency With Cross Trading Ban first appeared on BitcoinExchangeGuide.
2021-6-7 20:32 | |
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The FSC is in dialogues with South Korea’s crypto exchanges amid expanded regulatory oversight.
2021-6-5 15:06 | |
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South Korea has asked exchanges to comply with regulatory requests. Should the exchanges complete the process in June, the country’s first regulated exchange could launch in Q3 2021. The post South Korea’s First Regulated Crypto Exchange Could Launch in Q3 appeared first on BeInCrypto.
2021-5-31 10:45 | |
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After some confusion, South Korea’s government has laid out which state and regulatory bodies are charged with the oversight of various aspects of crypto-related activities.
2021-5-28 13:54 | |
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As cryptocurrency regulation heats up worldwide, South Korean officials have been increasing regulatory discussions concerning the swelling crypto economy. While digital currency markets like bitcoin have tumbled in value in recent times, global crypto market prices have increased across the board on Monday.
2021-5-24 17:54 | |
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Per Bloomberg, cryptocurrency exchange Huobi began blocking its Chinese customers from being able to access some of their services. When China banned crypto exchanges back in 2017, Huobi moved its operations overseas to Hong Kong, Singapore, and South Korea, among others.
2021-5-24 21:06 | |
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A banking association in South Korea recently added weight to regulatory discussions across the country, raising concerns about the high altcoin trading volume. The Korea Federation of Banks (KFB) requested its members to audit trading volumes through their crypto exchanges’ customers’ altcoin activity.
2021-5-12 10:00 | |
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As the South Korean government keeps strengthening the harsh rhetoric against cryptocurrencies, citizens have become increasingly angry due to the recent words from regulatory authorities. Over the weekend, petitions started to appear on the web, seeking the removal of the head of the country’s Financial Services Commission (FSC).
2021-4-28 11:30 | |
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CryptoNinjas » Uppsala aids Bithumb exchange fraud victim in complete recovery of stolen crypto Uppsala Security, a provider of tools for crypto AML, risk management, regulatory compliance, and cybersecurity, has announced that in cooperation with Bithumb — a South Korea based bitcoin and cryptocurrency exchange, it has helped a victim to recover approximately 20 million KRW ( around USD $18,000) by timely identifying the suspect of a virtual asset […] CryptoNinjas » Uppsala aids Bithumb exchange fraud victim in complete recovery of stolen crypto
2021-4-27 04:23 | |
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South Korea’s crypto-sphere has been witnessing a volatile environment in terms of regulatory moves, as bitcoin prices and other altcoins are also having wild moves. Such a scenario hasn’t stopped the country’s middle class to profit from the crypto market, even with very successful stories.
2021-4-24 07:30 | |
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South Korean regulatory authorities recently met to discuss a clampdown on illegal cryptocurrency transactions in the country. The focus of the discussion is the potential use of cryptocurrencies in money laundering as well as the volatility of digital assets.
2021-4-19 15:08 | |
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South Korea has seen a dramatic increase in crypto-investments lately. Unlike in the U.S, South Korean regulatory bodies had initially kept themselves from intervening in the digital asset ecosystemThe post Bank of Korea Governor becomes latest to attack crypto-assets' 'limitations' appeared first on AMBCrypto.
2021-4-17 07:00 | |
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CryptoNinjas » Uppsala to provide crypto AML solution for South Korean exchange Coin&Coin Uppsala Security, a provider of cybersecurity tools for crypto AML, risk management, and regulatory compliance, announced today the signing of a contract to build a ‘Virtual Asset AML’ solution for crypto exchange Coin&Coin that complies with the amendment of the Special Money Act in South Korea.
2021-4-7 22:40 | |
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South Africa’s Inter-governmental Fintech Working Group (IFWG) recently accepted Mercury FX, a UK-based e-money firm, into the first cohort of its regulatory sandbox. The firm, which harnesses the Ripplenet blockchain, says it wants to demonstrate its technology’s ability “to shorten the money transfer window to only minutes.
2021-4-5 15:30 | |
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Cryptocurrency exchange OKEx has announced it will be shutting down its South Korea operations amidst the implementation of strict anti-money laundering regulations in the country. OKEx says it’s not willing to comply with the new law Apart from the regulatory concerns, OKEx says the company took the winding down decision because the actual profit from […] The post New regulations forces OKEx South Korea to close operations appeared first on Invezz.
2021-3-25 12:58 | |
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OKEx cryptocurrency exchange has said it will terminate its South Korea-based business, following the introduction of an updated Anti-Money-laundering (AML) in the country. The exchange’s spokesperson said OKEX chose to resign rather than try to fight the tough regulatory regime which would make it impossible to continue operating in South Korea. “OKEx Korea service has […]
2021-3-24 16:53 | |
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OKEx Korea announced that it's shutting down as South Korean authorities prepare to enforce a new regulatory framework for the crypto industry on Thursday.
2021-3-24 12:48 | |
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The arrival of crypto-assets in Africa was seen as the end of financial exclusion in a continent that has remained in the dark ages for so long. With cryptocurrencies making it possible for retail investors to dictate how they spend their money and what they get in return, the continent quickly embraced the industry.
2021-3-10 20:19 | |
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South African crypto firms are threatening to move operations abroad if lawmakers don’t provide clear regulatory guidelines.
2021-3-9 08:31 | |
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South Korean financial watchdogs are about to start overseeing crypto-related activities in the nation, and additional barriers for exchanges keep appearing. Moreover, one of the South Korean regulatory bodies codified the measures announced last year on privacy coin listings.
2021-2-23 01:00 | |
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South Africa’s regulatory body, the Financial Sector Conduct Authority (FSCA) like other global regulators, has warned citizens to be wary of crypto investment schemes that sell hyperbolic returns on investment (ROI) amid crypto’s bull run.
2021-2-5 02:00 | |
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The Financial Sector Conduct Authority is demanding tighter regulatory control over cryptocurrency.
2021-1-27 13:17 | |
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South Korea’s National Assembly has approved the postponement of the country’s 20% cryptocurrency tax enforcement until early 2022. This conclusion was reached after recent regulatory talks concerning the amendment of several tax laws in the country.
2020-12-1 13:34 | |
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Australia’s New South Wales Treasury Department has released a research paper looking into the regulation of blockchain and another emerging tech. According to the city’s authorities, catching up with the rapid technological progress could save New South Wales a significant amount of money in compliance costs.
2020-7-29 21:39 | |
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The New South Wales Treasury is exploring regulatory reform for blockchain technology citing the need to promote innovation.
2020-7-28 12:45 | |
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South Korea’s central bank, the Bank of Korea (BOK) has set up a legal advisory committee that will look into any possible regulatory roadblocks when issuing its planned central bank digital currency (CBDC).
2020-6-16 19:07 | |
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Against a grim macro outlook, there was some good regulatory news last month. A French court ruled that bitcoin is a legally recognized currency. The Indian Supreme Court overturned India’s crypto banking ban, and South Korea has now fully legalized crypto assets within its borders.
2020-4-5 16:00 | |
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Following the approval of a regulatory framework for cryptocurrencies by the South Korean government, one of the largest banks in the country is preparing to launch a range of crypto services. KB Kookmin Bank has applied for trademark registration, reportedly listing over 20 crypto services on its application.
2020-3-28 11:30 | |
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ProBit Exchange welcomes the South Korean government act to legalize and regulate crypto. This decision will further solidify the current pioneers in the cryptocurrency exchange market as it will equalize the regulatory standing of Korean crypto exchanges.
2020-3-17 12:00 | |
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The cryptocurrency sector worldwide saw several historic regulatory events last week. In this roundup, we cover a landmark bitcoin ruling by a French court, South Korea’s first crypto bill, an Australian court’s ruling, Germany’s announcement, and a recent FATF meeting where more than 800 delegates discussed crypto regulations.
2020-3-10 05:00 | |
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Bithumb could invest over $8 million into South Korea’s regulatory free zone in Busan
2020-1-10 22:23 | |
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In this roundup, we cover several crypto-related actions by the U. S. Securities and Exchange Commission (SEC) and the New York regulator’s crypto job posting. We also cover new Chinese laws, South Korea’s tax clarification, India’s blockchain education, the IMF working with the Philippines’ central bank, as well as crypto regulatory developments in Turkey and Qatar.
2020-1-7 17:00 | |
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In this roundup, we cover several crypto-related actions by the U. S. Securities and Exchange Commission (SEC) and the New York regulator’s crypto job posting. We also cover new Chinese laws, South Korea’s tax clarification, India’s blockchain education, the IMF working with the Philippines’ central bank, as well as crypto regulatory developments in Turkey and Qatar.
2020-1-7 17:00 | |
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South Korea has become one of the world’s most well-established blockchain and cryptocurrency pioneers in recent years. With significant strides taken to adopt the nascent sector, despite some contentious regulatory actions, the forward-thinking nation has set a unique standard for the world to observe and follow.
2019-8-9 03:10 | |
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Reports from media sources in South Korea say the country’s top financial regulator plans to directly oversee the regulation of local Bitcoin exchanges, August 7, 2019. This move likely includes the creation of registration and licensing requirements for South Korean crypto bourses.
2019-8-8 09:00 | |
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One of the main regulatory agencies of South Korea under the command of the Financial Services Commission (FSC), the Financial Intelligence Unit (FIU), has recently decided that the cryptocurrency exchanges of the country would start to be under its guidance.
2019-8-8 22:15 | |
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The latest news emerging from South Korea indicates that Bitcoin exchanges are facing a surprisingly increased level of scrutiny of commercial banks amid the renewal of banking services. The revelation comes as the intergovernmental Financial Action Task Force (FATF) continues to urge countries to enact stricter regulatory controls over the crypto industry.
2019-7-30 13:00 | |
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Cryptokart, an India-based cryptocurrency exchange is now among several other bitcoin trading venues in the South Asian country that have closed their doors due to regulatory uncertainties and lack of interest on the part of consumers, reports New Indian Express on July 20, 2019.
2019-7-22 09:00 | |
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After securing a license from the state of South Dakota, Anchorage Trust Company will set up its headquarter in Sioux Falls. U. S. Sen. Mike Rounds of South Dakota confirmed the news of the removal of the regulatory hurdle in a U.
2019-7-17 19:03 | |
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FX Trading Corp was launched towards the end of 2018 and was a typical MLM kind of Ponzi scheme where it promised its investors a 500% return on investment of up to $50,000. The return promises were based on cryptocurrency arbitrage.
2019-6-30 18:17 | |
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Seems like there is no light at the end of the tunnel for Facebook as more problems brew for its cryptocurrency Libra. With the cryptocurrency already facing regulatory scrutiny across the globe, it has reportedly fallen into another pit as trademark issues emerge in South Korea, according to local media.
2019-6-21 21:05 | |
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By CCN: Malaysia’s Securities Commission (SC) has registered three cryptocurrency exchanges allowing them nine months to achieve compliance with regulatory standards. Malaysia has been strict with its regulation of cryptocurrency exchanges previously.
2019-6-5 15:20 | |
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In a handful of oil fields in the Great White North, natural gas, an otherwise wasted drilling by-product, is being put to work. But it’s not being used to well more oil; it’s being used to mine bitcoin.
2019-5-8 20:07 | |
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South Korea’s Financial Services Commission (FSC), the country’s top financial regulator, has announced its first batch of financial services providers accepted into its financial regulatory sandbox.
2019-5-4 14:49 | |
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Nine fintech companies, some blockchain-related, have been authorized by the South Korean Financial Services Commission to operate in the regulatory financial sandbox
2019-5-3 16:54 | |
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By CCN: Elon Musk and the SEC are talking, demonstrating progress in a regulatory battle that has been drawn out for months. While the Tesla CEO and the securities regulator have yet to reach an agreement regarding a contempt of court dispute, they could be close.
2019-4-20 03:53 | |
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A group of South Korean lawmakers have expressed concern over the strict regulatory policies of the Financial Service Commission (FSC) on the cryptocurrency and blockchain sector and subsequently called for deregulation.
2019-4-9 21:00 | |
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Coinspeaker South Korea Will Reportedly Re-evaluate Existing Regulatory Frameworks for CryptosSouth Korean authorities will re-evaluate the existing crypto rules with a view to support the growth and development of the crypto industry.
2019-4-5 12:07 | |
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Greetings from the deep future! It is block height 4,830,001, and we have just had an interplanetary 23rd halving party.
SpaceVerse was defined as “a secure digital metaverse that converges terrestrial and space physical and digital realities" as well as provides a simulated environment for training.
SPACE has announced receipt of an undisclosed amount from Binance Labs. The team says the funds will be used to expand its platform further and pursue more strategic partnerships. SPACE claims to have signed partnership deals with more than 100 brands since its launch SPACE Bags Strategic Investment SPACE, a project that claims to beRead More
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