2022-8-19 16:40 |
16 foreign crypto exchanges in South Korea have been accused of operating without license
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With the clock ticking down on crypto exchanges operating in South Korea, available information on the leading financial regulator’s website shows that only ten of these crypto firms have been able to successfully register with the authorities.
2021-9-25 10:00 | |
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According to a press statement released by South Korea’s Financial Services Commission (FSC), over 20 crypto exchanges operating within the Asian country could cease operation as the September 24 deadline for crypto regulation draws near.
2021-8-27 10:43 | |
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Crypto exchanges operating in the country that do not register by September 24 face potential fines or even jail time.
2021-7-23 22:33 | |
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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.
2021-7-19 00:30 | |
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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.
2021-7-14 11:00 | |
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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 […]
2021-5-9 05:00 | |
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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 […]
2021-3-24 16:53 | |
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South Korea is set to enforce its upcoming crypto tax law in January 2022 instead of the earlier proposition of October 2021. This will give crypto stakeholders operating within its jurisdiction one more year to sort out in-house tax reporting infrastructure.
2020-12-3 22:19 | |
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Government officials often rely on Microsoft Windows as their computer operating system. That situation will change significantly in South Korea. It is interesting to see different governments handle their computer-based needs.
2020-2-18 06:00 | |
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A U.S. federal grand jury indicted a South Korean citizen for operating a child porn site, funded by millions dollars worth of bitcoin.
2019-10-16 18:25 | |
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The chairperson of the South Korean Financial Services Commission (FSC) has stated that he is in favour of a proposed reporting system for crypto exchanges operating in the nation. The regulations may serve to make digital currency trading platforms more transparent, as well as helping to protect against money laundering and other financial crimes.
2019-8-28 23:00 | |
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Malta-based CGEX, a cryptocurrency exchange launched by South Korea’s Coinone in October last year, will cease operating in a few weeks. An announcement posted last week specified that the exchange would cease operating on Sept.
2019-8-20 17:24 | |
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In their quest to release their much-awaited cryptocurrency, Facebook has been consistently active in the virtual asset ecosystem over the past few days. Facebook had recently announced the introduction of the Libra Association on June 18th, which was indicated to be the operating unit of Libra crypto.
2019-6-18 00:30 | |
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By CCN Markets: A cryptocurrency investment scheme in South Africa’s Kwa-Zulu Natal Province has proven that having an unoriginal name, Bitcoin Wallet, never stopped any scam from raking in tens of thousands of dollars daily from the masses.
2019-6-16 18:11 | |
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CryptoNinjas Bithumb, a South Korean bitcoin and cryptocurrency exchange company, today launched a global exchange service incorporating multiple fiat currency trading pairs, as well as perpetual futures trading, with leverage up to 100x.
2019-5-14 08:27 | |
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It would appear the cryptocurrency exchange industry is far from drama-free at this time. Although there are numerous companies operating without problems, the same cannot be said for Bithumb. Once South Korea’s largest exchange, it has now become a seemingly prone target for hackers and criminals.
2019-3-30 15:55 | |
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South Korean messaging app operator Kakao reported $57.5 million in operating expenses related to new technologies like blockchain and AI
2019-2-15 22:18 | |
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Blockchain firm Bitfury will develop a bitcoin mining center in Paraguay. The new mining operation is in partnership with Seoul-based research and development firm Commons Foundation.
2019-2-8 23:32 | |
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How Could Bitmain Destabilize And Affect The Whole Cryptocurrency Market? Bitmain is one of the largest cryptocurrency mining companies in the whole cryptocurrency market. However, in the near future, it may replace its chief operating officers Jihan Wu and Ketuan Zhan.
2019-1-14 00:34 | |
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Bitmain Technology, the world’s largest crypto mining equipment manufacturing firm, is going to replace its chief operating officers Jihan Wu and Ketuan Zhan with a new appointee, reported the South China Morning Post.
2019-1-13 14:30 | |
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Two major South Korean cryptocurrency exchanges have been forced offline, after critical Amazon Web Services (AWS) servers suffered nationwide failure Thursday morning. AWS, one of the world’s widely used cloud services, was hit with major internal server failures that brought popular digital asset exchanges, Upbit and Coinone, to a screeching halt.
2018-11-22 14:31 | |
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Study263, a Zimbabwean-owned fintech startup operating from South Africa, has opened an online store allowing Zimbabweans to buy food hampers that are delivered directly to their homes. Shoppers have the option to pay for items like cooking oil and baked beans in BTC, Paypal or Ecocash, a local mobile money payment system.
2018-11-20 22:05 | |
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South Korean cryptocurrency exchange Zeniex will terminate its services due to increasing government pressure on unauthorized digital currency exchanges. According to Zeniex’s website post, published on November 9, 2018, the cryptocurrency exchange noted that operating amidst a government crackdown on the industry will be a challenging feat.
2018-11-13 10:00 | |
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South Korean cryptocurrency exchange GOPAX has become the first blockchain company to attain K-ISMS certification, the official standard in Korea for information security management systems.
2018-10-30 23:51 | |
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The Hong Kong Securities and Futures Commission (SFC) is keen on exploring different ways to regulate cryptocurrency exchange platforms operating in Hong Kong to protect retail investors. According to a South China Morning Post (SCMP) article published on Oct.
2018-10-16 15:59 | |
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The cryptocurrency exchange sector in Hong Kong may soon see an upheaval, as the city’s Securities and Futures Commission (SFC) explores various aspects of regulating the myriad of cryptocurrency trading bourses operating in the city, reported South China Morning Post on Oct.
2018-10-16 07:00 | |
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Brendan Eich, the CEO of Brave, has written a letter to the U. S. Senate Committee on Commerce, Science and Transportation urging them to implement GDPR-like legislation in the United States.
2018-10-4 20:51 | |
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Grandshores Technology Group, a Hong Kong–listed investment holding company, is seeking to raise around $12. 7 million through a digital token fund, according to reports from the South China Morning Post (SCMP).
2018-9-19 00:42 | |
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ETF’s are back in the news this week with the Winklevoss twins of Gemini getting rejected again, while investment firm Direxion was delayed till September on a final decision.
2018-7-30 18:41 | |
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Chinese telecom trio, China Mobile, China Telecom, and China Unicom have joined forces to propel the development of blockchain applications in the Chinese telecommunications industry, which will help in razing operating costs and provide unparalleled network security to all their customers.
2018-7-29 23:00 | |
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Following a billions-worth heist of cryptocurrency exchanges, South Korea’s financial regulator urged lawmakers to pass the bill bringring exchanges under the FSC’s direct supervision. Over a month ago, two largest cryptocurrency exchanges, operating in South Korea became victims of infamous hackers’ attacks.
2018-7-28 23:10 | |
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“We have nothing to hide,” says Tory Reiss, VP of corporate development at TrustToken. Like the market’s most popular stablecoin, Tether, TrustToken's TrueUSD is fiat-collateralized.
2018-7-26 18:55 | |
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Cryptocurrency exchange Binance is making plans to expand operations into South Korea, reports Business Korea. Per the report, Binance CEO Changpeng Zhao hinted at his company's expansion plans while speaking at the Blockchain Partners Summit in Seoul last weekend.
2018-7-25 00:26 | |
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Over two months ago, the Korea Blockchain Association (KBA) decided to initiate self-inspections into cryptocurrency industry striving to insure the digital exchanges operating in South Korea had safeguards to check themselves from potential issues such as cyber-attacks and malicious activities.
2018-7-14 00:11 | |
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