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South Korean Crypto Exchange Bithumb Bans Employees from Trading Bitcoin
One of the largest South Korean cryptocurrency exchanges, in terms of trade volume, Bithumb, has announced that employees are banned from trading bitcoin on the exchange platform. The company’s chief executive officer revealed the decision in a Bithumb newsletter focused on improving “transaction transparency. дальше »
2021-7-3 12:30 | |
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South Korean deputy PM says continued crypto volatility is a major concern
South Korean Deputy Prime Minister, Hong Ham-ki, recently spoke about the cryptocurrency industry, with a particular focus on the CBDCs, noting that a central bank digital currency could act as a cryptocurrency if implemented. дальше »
2021-6-30 15:19 | |
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Korea’s Shinhan Bank Joins Klaytn Blockchain Governance Council
Klaytn, the public blockchain project led by the South Korean Internet giant Kakao, today announced that Shinhan Bank has joined the Klaytn Governance Council to... дальше »
2021-6-29 13:47 | |
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Korean Crypto Exchanges Mulling Lodging a Constitutional Appeal Against Govt
Several exchanges could press a constitutional appeal against the Korean government and the financial authorities as they face the risk of being banned. The development follows the amended Act on Reporting and Use of Certain Financial Transaction Information. дальше »
2021-6-29 04:00 | |
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Korean Banks to Be Relieved of Liability for Crypto-Related Crime, Report Suggests
Banking institutions in South Korea have reportedly requested to not be held accountable for crimes linked to cryptocurrencies such as money laundering. According to local media, financial regulators are now developing rules that could relieve Korean banks from responsibility when screening the crypto exchanges they work with. дальше »
2021-6-28 14:00 | |
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ICON Balanced DeFi Protocol Votes For $1M Fee Distribution
South Korean blockchain platform ICON is making progress with its Balanced decentralized finance (DeFi) protocol which has just been upgraded. The post ICON Balanced DeFi Protocol Votes For $1M Fee Distribution appeared first on BeInCrypto. дальше »
2021-6-28 08:37 | |
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Why there's more to KLAY's hike than the Binance listing
Klaytn, a public blockchain project led by the South Korean Internet giant Kakao, recently announced the listing of its KLAY token on Binance. Soon after the announcement, KLAY’s price grew by over The post Why there's more to KLAY's hike than the Binance listing appeared first on AMBCrypto. дальше »
2021-6-26 00:30 | |
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Klaytn blockchain gets KLAY token listed on Binance
Klaytn, the public blockchain project led by the South Korean Internet giant Kakao; announced the listing of its KLAY token on Binance, the largest crypto exchange by volume, Developed by Kakao’s blockchain unit, Ground X, of South Korea; Klaytn is a public blockchain platform, committed to offering high performance, fast response times, and flexible scalability solutions that […] The post Klaytn blockchain gets KLAY token listed on Binance appeared first on CryptoNinjas. дальше »
2021-6-25 07:14 | |
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Korean Government Confiscates $47 Million in Crypto From Tax Evaders
South Korean authorities have identified thousands of tax evaders as part of an intensifying crackdown on tax dodging among crypto investors. Following a prolonged investigation, the government has reportedly seized cryptocurrency worth millions of dollars. дальше »
2021-6-24 07:30 | |
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South Korean Officials Seize $47M in Crypto Due to Unpaid Taxes
South Korea seized nearly $50 million in cryptocurrency from 12,000 people, who are accused of tax evasion. The post South Korean Officials Seize $47M in Crypto Due to Unpaid Taxes appeared first on BeInCrypto. дальше »
2021-6-24 22:35 | |
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Koreans REKT: Kimchi Premium All But Vanishes, Authorities Seize $47M in Crypto from Tax Evaders
While officials conduct the largest “crypto seizure for back taxes in Korean history,” FSC Chairman warns that cryptos can crash into nothing if exchanges are not approved under the VASP license. Koreans meanwhile remain more interested in Doge and XRP than BTC and ETH. дальше »
2021-6-23 17:53 | |
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Korean Exchanges Delisting Altcoins as Banking Contracts Renewal Looms
In preparation for the go-live of the new crypto exchange law scheduled to take effect in September 2021, South Korean exchanges are actively delisting obscure altcoins from their platforms, as the crypto-supporting lenders including NH Nonghyup Bank, and Shinhan Bank, among others, is now reviewing the operations of these exchanges to ensure they are fullyRead More дальше »
2021-6-22 11:00 | |
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Korean Authorities Requesting List of Delisted Altcoins From Crypto Exchanges
The Financial Services Commission of South Korea has asked crypto exchanges to provide a list of recently delisted altcoins to conduct a market assessment and understand the nature of the risk. The post Korean Authorities Requesting List of Delisted Altcoins From Crypto Exchanges appeared first on BeInCrypto. дальше »
2021-6-17 11:39 | |
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Korean Exchanges Delist High-risk Coins as They Face Tough Regulations
Crypto trading platforms in South Korea are delisting certain digital currencies as they move to comply with stricter rules for the industry. The trading of some high-risk coins has been either halted or completely suspended on several Korean exchanges this week. дальше »
2021-6-17 07:00 | |
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50 Korean crypto firms apply for new licenses as strict regulation looms
Fifty crypto businesses based in South Korea have applied for a license under the new Information Security Management System (ISMS), a government-backed certification that certifies companies that meet stringent standards of data protection and privacy. дальше »
2021-6-17 19:00 | |
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Regulations drive Korean exchanges to delist, warn against high risk coins
Amid increasing scrutiny and demand from regulators, South Korean crypto exchanges are sifting through their supported assets and delisting or placing high-risk coins on an investor warning list. дальше »
2021-6-17 12:33 | |
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South Korea: Crypto Exchanges to Be Designated as High-Risk Clients by Banks
South Korean regulators want banks to classify crypto exchange clients as high-risk while financial service institutions clamor for greater indemnity regarding potentially illegal activities of trading platforms. дальше »
2021-6-15 13:00 | |
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Korean banks will need to classify crypto exchange clients as ‘high risk’
A further tightening of cryptocurrency regulation in South Korea is underway, with new rules for banks and crypto exchange operators. дальше »
2021-6-15 14:14 | |
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XPOP Announces First Entertainment NFT Marketplace on Polkadot
Korean blockchain tech company XPOP has made the announcement of a new non-fungible token (NFT) marketplace with a focus on entertainment. The post XPOP Announces First Entertainment NFT Marketplace on Polkadot appeared first on BeInCrypto. дальше »
2021-6-13 13:12 | |
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Largest Korean Exchange Upbit Goes on a Delisting Spree Ahead of New Regulation
Upbit, the largest cryptocurrency exchange in South Korea, is removing several cryptocurrencies from its platform. The exchange announced the removal of the KRW market pair of MARO, Paycoin (PCI), Observer (OBSR), Solvecare (SOLVE), and Quiz Talk (QTCON) on Friday. дальше »
2021-6-12 18:50 | |
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South Korea’s FSC Looks to Rein In Cryptocurrency With Cross Trading Ban
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. дальше »
2021-6-7 20:32 | |
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Korean Crypto Exchange Employees Could Face Heavy Fines for Trading
Reports are emerging that the government in South Korea is mulling a proposal to fine employees of cryptocurrency exchanges for trading in digital assets. The post Korean Crypto Exchange Employees Could Face Heavy Fines for Trading appeared first on BeInCrypto. дальше »
2021-6-7 12:09 | |
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Lawsuit Accuses Korean Crypto Exchange of $3.5 Billion Scam, Tens of Thousands Defrauded
A class action lawsuit has been filed in South Korea accusing cryptocurrency exchange V Global of defrauding investors. The police reportedly estimate that 69,000 people have invested with the crypto exchange and the damage amounts to 3. дальше »
2021-6-5 16:00 | |
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Solana (SOL) Launches $20 Million Fund With ROK Capital to Expand Into the Korean Market
Solana Foundation and ROK Capital release a joint $20 million fund to enhance Solana-based developments on the Solana blockchain. According to a press release to BEG, the fund will specifically target South Korea’s involvement in Solana development and apps from the region. дальше »
2021-6-4 15:26 | |
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Crypto exchange BitMEX grants $150,000 to Korean Bitcoin developer
Crypto exchange BitMEX announced a one-year grant extension for Bitcoin developer Calvin Kim yesterday, it shared in a blog post. The post Crypto exchange BitMEX grants $150,000 to Korean Bitcoin developer appeared first on CryptoSlate. дальше »
2021-6-2 19:00 | |
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Bank account flows for South Korean crypto exchanges surge 40% since 2020
Upbit exchange paid 10 times more in fees to South Korean internet bank K bank Q1 2021 than in the previous quarter.
дальше »2021-6-1 12:01 | |
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South Korean Financial Supervisory Service Tasked With Crypto Market Oversight
The Financial Supervisory Service of South Korea will lead government efforts to oversee the country’s expanding cryptocurrency market. The agency has been tasked with the job after prolonged discussions over which Korean regulator should be responsible for the industry. дальше »
2021-6-1 13:00 | |
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South Korean crypto exchange Korbit launches NFT marketplace
Korbit, a South Korean crypto exchange, has announced the launch of its new NFT marketplace service. Firstly, any Korbit user can join the marketplace and participate in auctions after creating an Ethereum-based NFT wallet. дальше »
2021-6-1 11:10 | |
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South Koreans lost $5 billion to crypto crimes in the past four years
South Korean police arrested 14 people involved in a cryptocurrency fraud case totaling $3. 5 billion earlier this month, bringing the country’s losses to $5 billion in the last five years, reported the South Korean daily newspaper Hankyoreh on the 26th. дальше »
2021-5-28 19:00 | |
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BoK says leveraged crypto trading poses a threat to the banking system
The Bank of Korea (BoK) has come out to warn that the increasing cases of leveraged crypto trading by South Korean citizens pose a significant threat to the country’s financial system. A report unveiled this news on May 27, citing remarks from BoK’s governor, Lee Ju-yeol, who spoke after a monetary policy committee meeting yesterday. дальше »
2021-5-28 18:31 | |
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Korean students say crypto trading gives them stress, causes insomnia
Blinded by the promise of fast cars, luxury hotels, and stacks of dollar bills, young Koreans turned to crypto trading as a means of building wealth but ended up with the exact opposite, reports local daily The Korea Times. дальше »
2021-5-26 19:00 | |
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South Korea’s ‘Kimchi Premium’ Returns, BTC Prices Up 8% Higher Than Global Average
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. дальше »
2021-5-24 17:54 | |
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South Korean Governor Becomes the First Politician to Disclose Publicly His Cryptocurrency Holdings in the Country
Regardless of the political turmoil that arose in South Korea due to the crypto-related regulations, a leading politician had come forward to reveal that he had made investments in virtual currencies publicly. дальше »
2021-5-22 01:30 | |
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South Korean Deputy Prime Minister Eases Anti-Crypto Rhetoric, Aims to Create More Domestic Market Opportunities
The South Korean government seems to be easing its anti-crypto tone, as the Deputy Prime Minister came forward with a statement that opened the doors for future open dialogue on virtual currency topics. дальше »
2021-5-21 05:30 | |
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South Korea’s Capital Flow Control Enabling Kimchi Premium, Says BoA
With the Kimchi premium back in the South Korean market, the Bank of America (BoA) believes that the persistent premium is as a result of the government’s capital flow control policy. Kimchi Premium Persists Because of Capital Flow Control According to Reuters on Tuesday (May 18, 2021), BTC price on Tuesday was $4000 higher thanRead More дальше »
2021-5-19 15:00 | |
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Samsung the Latest to Embrace Crypto By Adding Ledger Wallet Service
Earlier today, Samsung Electronics announced that its users can now access and trade cryptos directly on its Galaxy smartphones. This latest update from the Korean conglomerate will allow crypto traders and blockchain users to process transactions by transferring cold storage wallets to the Samsung Blockchain. дальше »
2021-5-14 07:08 | |
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South Korean Banking Association Concerned Over Surge of the Altcoin Trading Frenzy
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. дальше »
2021-5-12 10:00 | |
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South Korea To Monitor Cryptocurrency Phishing Due To High Phishing Reports
South Korea's Ministry of Science and ICT is working with the Korean National Police Agency to bust the growing crypto phishing websites through a new system, Yonhap reports. This follows a rise in phishing attempts targeting crypto users. дальше »
2021-5-11 20:05 | |
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Korean banks sound alarm as altcoins volumes grow in the country
The Korea Federation of Banks (KFB) has recently urged its members to estimate the total number of altcoins their crypto exchange clients are offering to measure risks associated with them, local outlet The Korea Herald reported yesterday. дальше »
2021-5-11 19:00 | |
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