Bank of Korea Governor becomes latest to attack crypto-assets' 'limitations'

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. дальше »

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Bank of Korea Governor Says Crypto as a Payment Option is Limited

The Governor of the Bank of Korea (BOK) Lee Ju-yeol opined that adopting cryptocurrency as a means of payment came with limitations. The statement comes as company behemoths are including crypto as a payment option on their platforms. дальше »

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South Korean City Threatens to Seize Cryptos From Tax Evaders

Crypto tax evasion is becoming a hot potato for the authorities in some Asian countries, such as Japan and South Korea. A South Korean city is now actively fighting against tax evaders who are suspiciously reporting meager earnings in their filings. дальше »

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South Korea: Here's what experts feel about Bitcoin's chances against gold

South Korea's crypto-sector has been expanding at a rapid pace lately, with new sets of investors joining the market community every day. In fact, Bitcoin's surging price has also instigated a correspThe post South Korea: Here's what experts feel about Bitcoin's chances against gold appeared first on AMBCrypto. дальше »

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South Korea's Gyeongju targets tax defaulters via virtual asset seizures

The South Korean city of Gyeongju is in the news today after it announced that it is investigating the virtual asset possessions of tax evaders with the help of crypto-exchanges. The city has reportedThe post South Korea's Gyeongju targets tax defaulters via virtual asset seizures appeared first on AMBCrypto. дальше »

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Bitcoin's Kimchi Premium Bubble: Inflation, Deflation and Consequences

Bitcoin often trades at a premium in South Korea; what happens when this bullish spread quickly dissipates? дальше »

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South Korea's largest bank joins Hedera Governing Council

Shinhan Bank plans to use Hedera’s infrastructure to bolster the efficiency of many of its internal processes.

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Why did South Korea just say ‘no’ to a Bitcoin ETF listing on its stock exchange?

A Korean crypto company had ambitious plans to launch a Bitcoin exchange-traded fund (ETF) in the crypto-frenzied market last week. The post Why did South Korea just say ‘no’ to a Bitcoin ETF listing on its stock exchange? appeared first on CryptoSlate. дальше »

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South Korea: After Sending Bitcoin Price to $71k, Kimchi Premium Begins to Nosedive

The price of bitcoin (BTC) briefly touched $71,000 at 5:55 a. m. UTC on South Korea’s Upbit crypto exchange. However, things have started to cool down as the price of bitcoin (BTC) has failed to maintain its bullish push. дальше »

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Bitcoin Kimchi Premium Lowered by Sudden Sell Off

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Bitcoin Hits $71,000 in South Korea as “Kimchi Premium” Goes Through the Roof

The unprecedented South Korean FOMO has pushed Bitcoin above $70,000 on local exchanges дальше »

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Uppsala to provide crypto AML solution for South Korean exchange Coin&Coin

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. дальше »

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CoinMarketCap removes South Korea crypto exchanges from Bitcoin price tracker

“If the prices on South Korean exchanges stabilize, then we will add the data back in, but that hasn’t happened yet,” said a CoinMarketCap spokesperson. дальше »

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Kimchi Premium Soars 17% as South Korea’s Crypto Market Turns Bullish

Since March’s extreme volatility, Bitcoin price action has been far more stable. The major cryptocurrency has continued to hover around the $57,000 to $58,000 price level, seeing minimal fluctuations with the Bitcoin Volatility Index sitting at 3. дальше »

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Bitcoin’s “Kimchi Premium” Hits 15 Percent

The so-called “Kimchi premium,” or bitcoin price difference in South Korea, has hit 15 percent. дальше »

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Bitcoin Price Hits $68,000 In South Korea

Bitcoin’s market price in most if not all major exchanges is around $58k at the time of writing, but in South Korea, the top crypto asset is currently trading at a 15% premium of $68,000, according to data from TradingView. дальше »

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Bitcoin Rises to $68,000 in South Korea on $10,000 Premium

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What is the ‘Kimchi Premium’ and why is it a ‘top’ indicator for Bitcoin?

Bitcoin is trading at nearly $66,000 in South Korea.

The post What is the ‘Kimchi Premium’ and why is it a ‘top’ indicator for Bitcoin? appeared first on CryptoSlate.

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Индекс Bitcoin Korea достиг годового максимума

Индекс Bitcoin Korea, анализирующий движение биткоина на южнокорейских биржах, вырос до годового максимума. Этот показатель известен еще как Kimichi Premium, он достиг 11,97%, говорится в отчете команды CryptoQuant. дальше »

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Kimchi premium hits 11% — Is Bitcoin now in a 2017-esque retail stage of the cycle?

Is a surging premium in South Korea a top signal or a sign that the Bitcoin rally is only getting started?

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South Korea to Unveil Blockchain-Based COVID-19 Vaccine Passports

The South Korean Government has announced plans to launch a distributed ledger technology (DLT) powered COVID-19 certification system. The system will make the verification of the vaccination status of residents possible via a smartphone app, according to a report by The Korea Herald on April 1, 2021. дальше »

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South Korea to launch blockchain-based vaccine passports

The Prime Minister of South Korea has announced a blockchain-based vaccine certificate will launch later this month, but the concept has proven controversial across the world. дальше »

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Study Finds South Koreans Aged 20-39 Mainly Invest up to $100 in Cryptocurrencies

South Korea’s “crypto boom” is a term that the local media has widely adopted to refer to the current hype seen across the Asian nation. In fact, a recent study unveiled a rising trend in the number of South Koreans making small-scale crypto investments. дальше »

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Глава Банка Кореи предсказал снижение спроса на биткойн

Ли Джу Ель считает, что криптовалюты ограничены с точки зрения их способности функционировать в качестве средства платежа. Глава Банка Кореи Ли Джу Ель выразил уверенность, что выпуск национальных цифровых валют мировыми Центробанками (CBDC) приведет к снижению спроса на биткойн и другие криптовалюты, сообщает Coindesk Korea. дальше »

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Мнение: Выпуск CBDC снизит спрос на биткоин

Глава Банка Кореи Ли Джу Ель выразил уверенность, что выпуск национальных цифровых валют мировыми Центробанками (CBDC) приведет к снижению спроса на биткоин и другие криптовалюты, сообщает РБК Крипто со ссылкой на Coindesk Korea. дальше »

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Community Gets a Chance to Win 20,000 USDT As LCMS Celebrates its Listing on Bithumb Global

LCMS has been listed on Bithumb Global crypto exchange and the company has found a special way to celebrate. Bithumb Global is a cryptocurrency exchange originating from South Korea. Though the company was founded fairly recently in May 2019, the exchange has grown quite quickly getting around $100 million trading activity on a daily basis. дальше »

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South Korea's 'Kimchi premium' is back: Is the Bitcoin rally starting to heat up?

Demand for Bitcoin in South Korea is heating up as the country's BTC premium rises over 5%.

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Klaytn NFTs Are Now Coming to OpenSea

Klaytn, the blockchain project of Korea’s Internet giant, Kakao, is to become the first public blockchain platform, after Ethereum, to be supported by OpenSea, the... дальше »

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Bank of Korea Governor Says CBDCs Will Shrink Demand for Bitcoin

It seems that a wave of CBDCs will be upon the crypto world soon. China is actively rolling out its digital yuan, France is testing the digital euro, and calls for the United States to begin work on a digital dollar grow louder by the day. дальше »

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Launch of CBDCs will Lower Bitcoin Demand, Says Bank of Korea Governor

The Korean Central Bank Governor believes the rise of CBDC will reduce demand for bitcoin (BTC) and other cryptocurrencies. CBDCs Could Hamper Bitcoin Demand In a rather interesting remark, Lee Ju-yeol, the Governor of the Bank of Korea recently state that the demand for bitcoin and other similar cryptocurrencies could dwindle once sovereign CBDCs areRead More дальше »

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Breaking Down What South Korea’s Crypto Crackdown Means for the Industry

With a blistering start to the year, cryptos have enjoyed the highs of what seemed like a never-ending bull run. Bitcoin, Ethereum, and other altcoins made headlines every day, surging far past their previous highs as institutions rushed to get their hands on the red-hot asset class. дальше »

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OKEx Korea to Shut Down In Two Weeks; New AML Laws Coming Into Effect for VASPs

OKEX Korea is closing its doors to investors in the country on April 7, 2021. The upcoming VASP laws could be the reason the exchange is shutting down its operations. The post OKEx Korea to Shut Down In Two Weeks; New AML Laws Coming Into Effect for VASPs first appeared on BitcoinExchangeGuide. дальше »

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'Unfounded and untrue,' says Morgan Stanley to Bithumb rumors

A few days after reports broke out claiming that Morgan Stanley is in talks to invest in or buy a controlling stake in South Korea's Bithumb, the popular investment bank is out with its response. дальше »

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Crypto-market's 'overheating' can be a problem: South Korean minister

Historically, South Korea has often been seen as a very crypto-friendly country. Of late, however, such a reputation has taken a beating, especially in light of the nature of the new crypto-regulationThe post Crypto-market's 'overheating' can be a problem: South Korean minister appeared first on AMBCrypto. дальше »

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New regulations forces OKEx South Korea to close operations

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. дальше »

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South Korea faces strict crypto regulation and fears of centralization

The growing cost of compliance in South Korea could push smaller crypto businesses out of the country.

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OKEx to Cease Operations in South Korea

The post OKEx to Cease Operations in South Korea appeared first on BeInCrypto.

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Crypto Exchange OKEx Is Shutting Down In South Korea

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 […] дальше »

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New AML Rules in South Korea Force Crypto Exchange OKEx to Shut Down

Continue reading at Coinspeaker дальше »

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Experts say new South Korean crypto rules will create a monopolized market

Blockchain industry members claim that smaller-scale startups have struggled to forge partnerships with local banks in South Korea and are therefore unable to register under regulators' new requirements. дальше »

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Биржа OKEx покидает Южную Корею

Криптовалютная биржа OKEx предупредила пользователей из Южной Кореи о закрытии местного филиала. В компании не уточнили, что послужило причиной. До 7 апреля клиенты OKEx Korea должны вывести фиатные и криптовалютные активы на другие платформы или кошельки. дальше »

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OKEx Korea crypto exchange to shut down as new reporting laws take effect

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. дальше »

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Биткоин-биржа OKEx закроет филиал в Южной Корее

Криптовалютная биржа OKEx предупредила пользователей из Южной Кореи о закрытии местного филиала. В компании не уточнили, что послужило причиной. До 7 апреля клиенты OKEx Korea должны вывести фиатные и криптовалютные активы на другие платформы или кошельки. дальше »

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Morgan Stanley Participating in the Acquisition of South Korea’s Top Crypto Exchange, Bithumb

Morgan Stanley is bidding for the acquisition of South Korea-based cryptocurrency exchange Bithumb for a $2 billion valuation, reported a local publication. The article circulated on the leading local search engine Naver. дальше »

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Morgan Stanley rumored to be eyeing stake in top Korean exchange Bithumb

Korean media has reported that Morgan Stanley is in talks with Bident — who owns a 10% of Bithumb Korea.

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Morgan Stanley Bidding for Stake in South Korea’s Top Crypto Exchange

The American banking giant is willing to acquire a stake in South Korea's top cryptocurrency exchange дальше »

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South Korean Regulators Want Crypto Businesses to Report Transaction Info or Face Jail Time

Establishing this law is part of the new wave of regulation in South Korea to operate crypto businesses transparently. Existing firms will have six months to comply with the rules or face strict penalties. дальше »

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MeconCash adds Electroneum bringing the ETN ecosystem full circle in South Korea

MeconCash today announced it has listed Electroneum, enabling the crypto startup’s users in South Korea to convert ETN into the MCH token and use it... дальше »

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IOST partners to explore the NFTs and DeFi industry

Decentralized and privacy-focused network IOST has announced it will be focusing its network on Non-fungible tokens (NFTs) and decentralized finance (DeFi). IOST has collaborated with software development teams and companies in Japan, China, and South Korea to make this possible. дальше »

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IOST to Focus on NFTs, DeFi, and Expanding their Global Reach

From now on, the primary focus of the IOST blockchain—an enterprise-grade, highly scalable, and decentralized network, will be on NFTs, DeFi, and geographical expansion. Global Expansion Beyond China, South Korea, and Japan Already, IOST has struck partnerships with companies and software development groups in South Korea, China, and Japan. Their plan, therefore, is to joinRead More дальше »

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