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South Korean Regulators Working With Banks in a Bid to Regulate Cryptocurrencies

Regulators in South Korea are now taking an interest in the cryptocurrency industry with plans to introduce regulations for the emerging asset class. The nation’s financial authorities are now seeking the help of banks to aid in these efforts, and have asked them to declare their cryptocurrency businesses to ascertain the exact number of cryptoRead More дальше »

2021-5-6 08:00


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South Koreans File Online Petitions Seeking to Remove a Chief Regulator After Harsh Crypto Comments

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). дальше »

2021-4-28 11:30


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South Korean Government Seeks to Regulate International Remittances Related to Crypto ‘Kimchi Premium’

The famous gap in cryptocurrency prices in South Korean crypto exchanges and overseas ones known as “kimchi premium” raises some concerns among the nation’s government. The latest reports suggest that the country is planning to regulate international remittances tied to kimchi premium-driven transactions. дальше »

2021-4-22 03:30


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 »

2021-4-17 07:00


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 »

2021-4-7 22:40


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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 »

2021-3-27 15:00


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Top South Korean bank set to offer services to local crypto exchanges

The BNK Busan Bank, a renowned South Korean bank, is planning to offer banking services to local crypto exchanges. The bank unveiled this news through an official announcement on March 23, noting that it had decided to test the crypto waters ahead of the implementation of changes to the Specific Financial Information Act on March […] The post Top South Korean bank set to offer services to local crypto exchanges appeared first on Invezz. дальше »

2021-3-27 00:33