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South Korean Crypto Investors Could Lose over $2.5 billion due to Regulatory Crackdown
With South Korean regulators set to shut down local cryptocurrency exchanges that fail to meet up the requirements before the deadline later in September, investors in the country could experience losses worth over $2. дальше »
2021-9-14 23:00 | |
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More than 65% of South Korean Crypto Exchanges to Shut Down Once FSC Deadline Hits
This could result in “huge investor losses” as users lose access to about 42 local altcoins. Currently, Polkadot (DOT), XRP, Cardano (ADA), and Cosmos (ATOM) are leading cryptos on the four top legit exchanges in the country. дальше »
2021-9-14 22:36 | |
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Up to 40 South Korean crypto exchanges face ‘shut down’ – report
Delisting of smaller altcoins and exchange shutdowns could see investors lose more than $2.6… The post Up to 40 South Korean crypto exchanges face ‘shut down’ – report appeared first on Coin Journal. дальше »
2021-9-13 14:49 | |
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South Korean crypto exchanges face Sept. 24 deadline to submit licence request
Failure to meet South Korean regulators’ new requirements is expected to wipe out tens of crypto exchange operators.
дальше »2021-9-14 12:26 | |
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South Korea braces to curb 'sharp increase' in illegal, crypto-linked activities
The time period given to South Korean cryptocurrency exchanges, for registering with the required authorities is almost over. As per the country's Financial Intelligence Unit, it was looking closely aThe post South Korea braces to curb 'sharp increase' in illegal, crypto-linked activities appeared first on AMBCrypto. дальше »
2021-9-13 01:30 | |
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South Korean Crypto Exchanges Start Receiving Regulatory Compliance Certifications
21 South Korean crypto exchanges out of 63 that applied have received the ISMS certification from authorities, which deems them as having met various protection standards. The post South Korean Crypto Exchanges Start Receiving Regulatory Compliance Certifications appeared first on BeInCrypto. дальше »
2021-8-26 13:06 | |
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South Korea’s FSC Nominee Is Not a Cryptocurrency Enthusiast
Koh Seung-beom, the nominee for South Korea’s Financial Service Commission (FSC), said that he does not see cryptocurrencies as a financial asset. FSC Nominee Says Crypto Not a Financial Asset According to the Korean Times on Wednesday (August 25, 2021), Seung-beom made the statement while speaking with journalists. Seung-beom, who is a board member ofRead More дальше »
2021-8-26 04:00 | |
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South Korea’s Largest Crypto Exchange Upbit Become the First to Apply for a License After Securing a Bank Account
Leading South Korean cryptocurrency exchange Upbit has become the first to apply for a license in the country, reported a local publication. The exchange also secured a bank account with K-Bank allowing it to officially accept Korean fiat (KRW) deposits and withdrawals. дальше »
2021-8-23 06:16 | |
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$185 million worth of LUNA burned in past month as Terra user base grows
Terra’s native token LUNA rallied 79. 66% during the past seven days as the protocol developed by South Korean firm Terraform Labs surpassed Polygon (MATIC), recording the third-highest total value locked (TVL) among blockchains. дальше »
2021-8-20 10:00 | |
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South Koreans Turn to Serum (SRM) As Solana (SOL) Ecosystem Pumps
SRM is currently the second most traded crypto on one of the biggest South Korean exchanges, Upbit, after Dogecoin. It is also trading at a premium on both Upbit and Bithumb, the latter also announcing the listing of SOL. дальше »
2021-8-19 18:20 | |
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South Korea: Foreign Exchanges Limit Transactions Following Strict Crypto Regulations
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. дальше »
2021-8-19 04:00 | |
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Korean Internet Firm Kakao Eyes Blockchain Expansion To Singapore
Kakao pushes its expansion plan to Singapore for Klaytn, its legacy blockchain platform, following its globalization quest. Reporting on Monday, The Korea Herald disclosed the city-state establishment of the Klaytn Foundation and Krust, the new blockchain-based entities by Kakao. дальше »
2021-8-17 00:00 | |
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Kakao Expands Into Singapore to Strengthen Its Global Blockchain Adoption Initiative
South Korean Internet giant Kakao launched two blockchain units in Singapore as part of the company’s plans to expand its blockchain reach for the Klaytn project globally. Two Blockchain Entities in Singapore According to the Korea Herald on Monday (August 16, 2021), the two blockchain-based entities established in the city-state are the Klaytn Foundation andRead More дальше »
2021-8-17 23:00 | |
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Why did Binance make this move
Prominent cryptocurrency exchange, Binance announced the discontinuation of Korean Won trading pairs and payment options. Effective immediately, the exchange will stop offering KRW trading pairs, KRW The post Why did Binance make this move appeared first on AMBCrypto. дальше »
2021-8-14 23:30 | |
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Kimchi Premium Turns into A Discount, Binance Removes Korean Won Trading Pairs & Trading Options
The good thing is that spikes in Kimchi premium are the ones that mark the market top. As for Binance, it just wants to “proactively comply with local regulations.” The post Kimchi Premium Turns into A Discount, Binance Removes Korean Won Trading Pairs & Trading Options first appeared on BitcoinExchangeGuide. дальше »
2021-8-14 15:51 | |
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Ripple (XRP) will now scale remittances between Korea and Thailand
A major South Korean remittance service provider partnered up with Ripple in a bid to power up payments between the country and Thailand. Set to expand into additional remittance corridors, GME Remittance joined a flock of Korean financial institutions and money transfer companies already on RippleNet, as the blockchain-based payments company continues bolstering its presence […] The post Ripple (XRP) will now scale remittances between Korea and Thailand appeared first on CryptoSlate. дальше »
2021-8-12 04:00 | |
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Ripple Inks Partnership With South Korean Payment Provider, GME Remittance
Ripple Labs Inc has announced a partnership with GME Remittance, one of the leading companies in South Korea. GME Remittance Joins RippleNet The partnership would enable GME Remittance to use Ripple’s global financial network, RippleNet, to enable faster remittance payments to Thailand. дальше »
2021-8-12 20:48 | |
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South Korean Banks Report 100% Increase in Crypto Transaction Fees in Q2
Despite the fluctuation in the global cryptocurrency market, South Korean banks are reporting a staggering increase in transaction fees. The post South Korean Banks Report 100% Increase in Crypto Transaction Fees in Q2 appeared first on BeInCrypto. дальше »
2021-8-11 22:39 | |
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Klaytn Foundation to Lead Klaytn Blockchain’s Global Expansion
Klaytn, the blockchain project spearheaded by South Korean Internet giant Kakao, today announced that the Klaytn Foundation, a non-profit entity headquartered in Singapore, will formally officiate... дальше »
2021-8-10 16:23 | |
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Samsung to join Kakao for offline trials of South Korean CBDC
South Korea has been taking big steps towards the development of its central bank digital currency [CBDC]. In fact, according to local media, two Samsung affiliates are set to join several Kakao subsiThe post Samsung to join Kakao for offline trials of South Korean CBDC appeared first on AMBCrypto. дальше »
2021-8-6 18:30 | |
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11 South Korean Exchanges Closing Amid Regulator Probe
A number of middleweight cryptocurrency exchanges in South Korea will close their doors as the country's financial regulator launches an inspection into suspected illegal activities. The post 11 South Korean Exchanges Closing Amid Regulator Probe appeared first on BeInCrypto. дальше »
2021-8-1 18:05 | |
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Talk About Renewable Energy: Toilet Turns Excrement Into Power AND Currency
A professor at the Ulsan National Institute of Science and Technology (UNIST) in South Korea basically turned led into gold. The toilet he created uses human feces “to produce biogas and manure.” Not only that, every person using it gets paid in “a virtual currency called Ggool, which means honey in Korean.” That’s right, this […] дальше »
2021-7-30 02:49 | |
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Dvision Network to Launch Metaverse on Enjin’s Carbon-Negative JumpNet Network
The Enjin ecosystem today welcomed Dvision Network — a South Korean blockchain metaverse built on Ethereum and Binance Smart Chain. Dvision Network to Expand to Enjin’s JumpNet, Efinitys With an aim to become the first Metaverse to run on five different blockchains, Dvision Network is adopting Enjin’s carbon-negative JumpNet network, in addition to integrations withRead More дальше »
2021-7-29 12:00 | |
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New rules could permit Korean gov’t to seize tax evaders’ crypto
South Korea examines ways to expand its tax base, with proposals to strengthen the government’s ability to seize tax evaders’ crypto assets directly from their personal wallets. дальше »
2021-7-26 12:02 | |
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South Korea: KFIU's notice to 27 foreign crypto-exchanges fuels shutdown concerns
South Korean regulators are ramping up measures to protect its citizens from fraudulent activities carried on by foreign crypto-projects. In fact, it has now announced that it will be blocking foreignThe post South Korea: KFIU's notice to 27 foreign crypto-exchanges fuels shutdown concerns appeared first on AMBCrypto. дальше »
2021-7-23 03:30 | |
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South Korea: Crypto Exchanges Must Register in 2 Months, Warns FSC
The South Korean government’s top financial regulator warned Thursday that foreign cryptocurrency exchanges that target Koreans would risk banned access to their websites as well as criminal investigations unless they register with the country’s anti-money laundering authority. дальше »
2021-7-23 23:00 | |
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South Korean Regulators Warn Dozens of Foreign Exchanges to Comply With New Rules
Overseas crypto exchanges marketing to Koreans will be blocked if they fail to comply with new South Korean regulations. The country’s anti-money laundering body has sent a notice to a number of foreign trading platforms warning them a registration is mandatory in order to provide services to Korean residents. дальше »
2021-7-23 19:30 | |
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Social NFT Platform DeFine Raises $5M Funding Round Led by Huobi Ventures and Major Korean Gaming & Entertainment Companies
DeFine, a Social NFT platform for all creators, announces a $5 million strategic funding round led by Huobi Ventures, Abyss, a K-Pop/eSports entertainment management company, and global game developer PearlAbyss,... дальше »
2021-7-21 11:44 | |
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South Korea's central bank chooses Kakao's Ground X for digital currency project
South Korean tech giant Kakao Corp.'s blockchain arm Ground X is in the news today after it was chosen for running experiments for Bank of Korea's digital currency. The central bank of South Korea The post South Korea's central bank chooses Kakao's Ground X for digital currency project appeared first on AMBCrypto. дальше »
2021-7-21 03:30 | |
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Bithumb Terminates Trademark Agreements With 2 Foreign-Based Exchanges
Leading Korean crypto exchange Bithumb is terminating its trademark agreements with two coin trading platforms operating abroad under its brand name. The move comes as digital asset exchanges in South Korea prepare to comply with the country’s stricter regulations for the industry that will be enforced in September. дальше »
2021-7-19 00:30 | |
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FSC Chairman: Foreign Crypto Exchanges Offering Korean Won to Comply With AML Rules
The chairman of South Korea’s Financial Services Commission (FSC), Eun Sung-soo has said that cryptocurrency exchanges operating abroad that offer the Korean won trading pair must register with the anti-money laundering (AML) regulator. дальше »
2021-7-14 11:00 | |
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South Korean regulators demand this from foreign exchanges
The financial regulators in South Korea have asked the exchanges based outside the country to register with the anti-money laundering body if they were using the Korean Won. Eun Sung-soo, the ChairmanThe post South Korean regulators demand this from foreign exchanges appeared first on AMBCrypto. дальше »
2021-7-13 17:29 | |
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South Korea: Here's the dilemma exchanges are facing
Although the government tried to regulate the space, new rules have added to the woes of the crypto businesses in South Korea. As per the latest updates, South Korean banks were avoiding extending theThe post South Korea: Here's the dilemma exchanges are facing appeared first on AMBCrypto. дальше »
2021-7-12 14:00 | |
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South Korea: Woori Bank the Latest to Enter the Crypto Custody Business
One of the top South Korean banking groups – Woori Financial Group – disclosed its plans to launch a crypto custody service. Woori Financial Group Joins the Crypto Custody Business Woori Financial Group which is South Korea’s third-largest banking group by the total value of assets under management announced its foray into the digital assetRead More дальше »
2021-7-12 13:10 | |
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Third major Korean bank joins digital asset custody market
Woori Bank has followed the lead of KB Kookmin Bank and Shinhan Bank by…
The post Third major Korean bank joins digital asset custody market appeared first on Coin Journal.
дальше »2021-7-12 13:00 | |
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‘Poopcoin’: Korean professor uses bio-waste to mine crypto
Students in a South Korean college are earning crypto mined from the energy generated from their excrement.
дальше »2021-7-10 14:59 | |
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Korean investigation finds $1.48B in illegal overseas crypto transactions
More than 30 people are facing fines and prosecution in South Korea for allegedly contravening the country’s ban on overseas crypto transactions. дальше »
2021-7-8 14:26 | |
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Korean Banks Elevate Cybersecurity to Deal With Crypto-Related Risks
South Korean banks are taking steps to bring cybersecurity to a new level as they try to keep up with fintechs and address new threats arising from their interaction with the crypto space. A number of institutions are adopting unprecedented measures including the integration of blockchain technologies, Korean media reported. дальше »
2021-7-8 19:30 | |
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South Korean Shinhan Bank joins Klaytn’s blockchain governance council
Apart from participating in the co-governance process of Klaytn, Shinhan Bank will also be involved in the development of Klaytn-based digital services. дальше »
2021-7-5 18:15 | |
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