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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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South Africa: Reserve Bank Announces Research to Study CBDC Feasibility
It seems like the South African Reserve Bank (SARB) now understands the importance of digital currencies alongside traditional fiat currency. Recently, the South African Reserve Bank (SARB) has announced the start of a feasibility study for a retail central bank digital currency (CBDC). дальше »
2021-5-28 13:00 | |
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Leveraged Crypto Trading is a Threat to Financial System, Warns Bank of Korea
Earlier this week, head of South Korea’s central bank Lee Ju-yeol warned that leveraged crypto trading was a threat to the country’s financial system. “An excessive level of leveraged cryptocurrency trading puts households at risk of financial damages considering the instability of [crypto],” he said. дальше »
2021-5-28 11:41 | |
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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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Stock Seasonality Points South, How Bitcoin Could Take Yet Another Hit
Bitcoin seems to be more correlated with the stock market since the Covid-19 pandemic went global in 2020. The first cryptocurrency by market cap has been rejected for the second time around the $40,000 and now trades slightly south at $39,954, at the time of writing. дальше »
2021-5-28 17:58 | |
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South Africa Reserve Bank Commences Retail CBDC Feasibility Study
The South African Reserve Bank (SARB) says it has commenced a feasibility study for a general-purpose retail central bank digital currency (CBDC). The study, which the SARB expects to conclude in 2022, will focus on the issuance of a domestic CBDC that can be used by consumers in South Africa for general retail purposes. Study […] дальше »
2021-5-27 08:30 | |
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South Africa Now Considering Both Retail and Wholesale CBDC
The SARB notes that the CBDC may serve as electronic digital tender, complementary to cash, for general purpose retail use. The post South Africa Now Considering Both Retail and Wholesale CBDC appeared first on BeInCrypto. дальше »
2021-5-26 16:30 | |
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This country takes the first steps toward CBDC
South Africa has taken its initial steps towards a central bank digital currency [CBDC]. South African Reserve Bank has begun to explore the feasibility of a fiat digital currency owing to the latest The post This country takes the first steps toward CBDC appeared first on AMBCrypto. дальше »
2021-5-26 23:30 | |
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68% of Young Crypto Traders in Korea Experiencing Psychological Issues
A survey of 1,750 college students in South Korea has revealed that at least 23. 6 percent of respondents actively trade bitcoin (BTC) and other cryptocurrencies, with less than half of the surveyed population already in profit. дальше »
2021-5-26 17:00 | |
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Bank of Korea Seeking Technology to Develop Digital Currency
South Korea’s monetary policy regulator is taking steps to create its own digital coin. Bank of Korea is now looking for a technology provider to develop a test environment for the project. The news comes after major commercial banks expressed skepticism over their cooperation with domestic cryptocurrency exchanges. Central Bank of Korea to Launch Pilot […] дальше »
2021-5-25 11:30 | |
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Bank of Korea Planning Mock Test to Trial CBDC Functionality
The Bank of Korea (BOK), South Korea’s Central bank is looking to research the usefulness of launching a central bank digital currency (CBDC) through a mock test, although the apex bank is not keen on issuing a sovereign digital currency. дальше »
2021-5-25 23:00 | |
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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 Korea Set to Launch CBDC Pilot Platform
South Korea has made significant progress towards development of its digital currency. дальше »
2021-5-25 14:04 | |
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Korea approaching CBDC launch with a trial project
South Korea’s central wants to carry out a testnet for its central bank digital currency (CBDC). According to the announcement, the main reason for the test is to test whether CBDC can be used for settlement and remittance for goods and services. дальше »
2021-5-24 13:18 | |
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XRP, Cardano, Dogecoin Price Analysis: 23 May
After Bitcoin suffered yet another breakdown below $35,000, large cap alts seemed to be in free-fall once again. Similarly, XRP and Cardano moved further south under strenuous conditions. While DogecoThe post XRP, Cardano, Dogecoin Price Analysis: 23 May appeared first on AMBCrypto. дальше »
2021-5-24 03:00 | |
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Huobi Halts Futures Trading Services, Mining Pool in China as Regulatory Pressures Mount
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. дальше »
2021-5-24 21:06 | |
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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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South African Crypto Holders Urged to Approach Tax Body Before It Descends on Them
A South Africa-based tax expert, David Lesperance, says with the country’s revenue collector now closing in on cryptocurrencies, holders must now take the initiative and approach South Africa Revenue Services (SARS) before it descends on them. дальше »
2021-5-19 10:30 | |
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Report: South African Taxes and Smuggling Behind Gold’s Price Distortions in Zimbabwe
Despite gold’s longstanding status as an alternative store of value, the commodity continues to experience unusual price variations in countries like South Africa and Zimbabwe. In turn, such price variances, as well as the rampant smuggling of the commodity, are distorting the precious metal’s actual production figures. дальше »
2021-5-18 10:00 | |
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Cardano, Ethereum, Polkadot Price Analysis: 17 May
Cardano could witness an extended rally if losses are maintained at $2.17. Ethereum broke south from a descending triangle and lost a key support region at $3,620. Finally, Polkadot was in danger of aThe post Cardano, Ethereum, Polkadot Price Analysis: 17 May appeared first on AMBCrypto. дальше »
2021-5-18 02:00 | |
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Steami’s co-founder says CBDCs will co-exist with cryptocurrencies
Junhaeng Lee, the CEO, and co-founder of Streami, a Seoul-based blockchain company that operates South Korea’s largest crypto exchange Gopax, believes central bank-issued digital currencies (CBDCs) and cryptocurrencies will co-exist. дальше »
2021-5-18 20:45 | |
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Binance Coin, XRP, Dogecoin Price Analysis: 16 May
Binance Coin headed south towards $500-$510 support - a region bolstered by the 50-SMA (yellow). XRP jumped by 16% on strong volumes but its technicals were yet to reflect a strengthening bullish trenThe post Binance Coin, XRP, Dogecoin Price Analysis: 16 May appeared first on AMBCrypto. дальше »
2021-5-17 03:00 | |
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Bank of Korea to Monitor Crypto Transactions Using Financial Records
South Korea’s monetary policy regulator, Bank of Korea, plans to obtain documents from financial institutions to track crypto transactions involving bank accounts. Cryptocurrency prices fluctuate independently from the real economy, the bank says, adding that market growth could pose a risk to the country’s financial system. дальше »
2021-5-15 05:00 | |
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Cardano, Filecoin, Dogecoin Price Analysis: 14 May
Cardano could see a minor dip before climbing above the $2-mark. Filecoin broke south from a descending triangle and registered losses of 9% from the bottom trendline. Finally, Dogecoin would present The post Cardano, Filecoin, Dogecoin Price Analysis: 14 May appeared first on AMBCrypto. дальше »
2021-5-15 02:00 | |
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Can Elon Musk's 'damage control' measures help revive Dogecoin's price?
Elon Musk, CEO of Tesla, sent Dogecoin's price on a roller-coaster ride. In fact, Musk's appearance on SNL created hype for the meme-coin; however, the coin’s price plunged south that day. Musk humoThe post Can Elon Musk's 'damage control' measures help revive Dogecoin's price? appeared first on AMBCrypto. дальше »
2021-5-12 18:00 | |
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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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Mastercard Payment Index: More Consumers in Three African Countries Plan to Use Crypto Based Payment Methods
According to a recent Mastercard payment index report, the Covid-19 related lockdowns helped spread the use of cryptocurrency in three African countries, namely Nigeria, Kenya, and South Africa. The report also reveals that a greater number of consumers from these countries are “likely to use one emerging payment method in the coming year.” More Respondents […] дальше »
2021-5-12 07:00 | |
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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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South Koreans flock to crypto amid a heavy-handed regulation approach
With crypto demand skyrocketing in South Korea, the government is looking to regulate digital assets, and the local market is feeling the pressure. дальше »
2021-5-11 14:34 | |
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Мнение: налоговая служба ЮАР пополнит бюджет за счет криптотрейдеров
Налоговая служба Южной Африки (SARS) заинтересована в увеличении сборов в бюджет за счет держателей цифровых валют. Такого мнения придерживается глава отдела трансграничного налогообложения Tax Consulting South Africa Томас Лоббан, пишет BusinessTech. дальше »
2021-5-10 13:22 | |
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South Korean Company Crypto Holdings Pass 10 Billion Won
Local media outlets report that several well-known South Korean companies are holding cryptocurrencies as intangible assets, demonstrating the growth of the market. The post South Korean Company Crypto Holdings Pass 10 Billion Won appeared first on BeInCrypto. дальше »
2021-5-10 10:51 | |
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South African Tax Collector Targeting Crypto Investors in Its Bid to Raise Extra Revenues
Latest reports from South Africa suggest that the country’s tax agency will now be targeting cryptocurrency investors as it attempts to increase the total value of revenues collected. Alongside high net worth individuals and offshore investors, digital currency holders now constitute an area that is “likely to yield much of the extra tax” for the […] дальше »
2021-5-10 10:00 | |
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South Korea to Crack Down on Phishing Websites Attacking Crypto Users
South Korean authorities are intensifying their monitoring of phishing activity related to cryptocurrencies. The government has identified a record number of websites trying to obtain login details from crypto exchange users. дальше »
2021-5-10 06:45 | |
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South African Regulator Apologizes to Crypto Firm After Issuing Then Withdrawing a Warning in Less Than 24 Hours
South Africa’s Financial Sector Conduct Authority (FSCA) has apologized to a Cape Town-based crypto start, Ovex, less than 24 hours after warning that the firm was operating outside the law. Ovex Does Not Require Licence From FSCA In its May 7 retraction, the financial watchdog said the findings of an investigation into Ovex, which specializes […] дальше »
2021-5-9 05:00 | |
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Polkadot, Uniswap, VeChain Price Analysis: 08 May
Polkadot's up-channel closed in on an important resistance area at $46-49. Uniswap could break south from a descending triangle and head towards $35. VeChain's breakout was denied above $0.252 and anoThe post Polkadot, Uniswap, VeChain Price Analysis: 08 May appeared first on AMBCrypto. дальше »
2021-5-9 00:00 | |
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Digital Currency Group Makes Strategic Investment in South Korean Cryptocurrency Exchange Operator Streami
DCG previously participated in Streami’s pre-series A round in 2016 South Korean blockchain company… The post Digital Currency Group Makes Strategic Investment in South Korean Cryptocurrency Exchange Operator Streami appeared first on Coin Journal. дальше »
2021-5-8 12:17 | |
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Digital Currency Group invests in South Korean crypto exchange company Streami
CryptoNinjas » Digital Currency Group invests in South Korean crypto exchange company Streami South Korean blockchain company Streami, today announced that Digital Currency Group (DCG) has made an investment in the company, becoming its second-largest shareholder. дальше »
2021-5-7 19:18 | |
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Korean crypto exchanges could face harsh laws if new proposal is passed
The ruling party of South Korea has proposed a new bill that aims to limit crypto-related companies’ ability to trade digital assets and increase their liability in case of a hack, local news outlet Naver reported today. дальше »
2021-5-7 19:00 | |
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South American MercadoLibre Adds $7.8 Million worth Bitcoin to its Treasury
The online marketplace company also posted a larger quarterly loss, hit by a higher tax bill. Meanwhile, its fintech arm, Mercado Pago, reported a surge of 81. 8% in total payment volume during the pandemic. дальше »
2021-5-7 17:26 | |
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South Korean Police Raid Crypto Exchange Allegedly Involved in a $214M Multi-Level Marketing Fraud
Authorities in South Korea have launched a major raid against a domestic crypto exchange allegedly involved in a millionaire multi-level marketing (MLM) fraud. The police accuse V Global platform of running an illicit operation that reportedly stole hundreds of millions of dollars from investors. дальше »
2021-5-6 09:00 | |
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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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Yearn Finance Founder Andre Cronje Set to Fight the Rug Pulled Crypto Messiah in a Dubai Boxing Match
South African crypto entrepreneur and Yearn Finance founder, Andre Cronje, is set to brawl Crypto Messiah in a physical fight at a Dubai crypto conference. The event, which has been dubbed the Cryptocurrency International boxing match, is scheduled to take place on October 15. дальше »
2021-5-6 07:30 | |
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Dogecoin volumes in Korea exceeded those of its entire stock market yesterday
South Korean crypto exchanges processed more Dogecoin trades yesterday than the average volume of stocks traded on the country’s traditional exchanges, data from multiple sources shows. The post Dogecoin volumes in Korea exceeded those of its entire stock market yesterday appeared first on CryptoSlate. дальше »
2021-5-5 19:00 | |
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