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

2021-5-6 08:00

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 origin »

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south regulators cryptocurrency banks efforts aid seeking

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Источник: btcmanager.com

south regulators → Результатов: 88

South Korea reportedly set to approve cryptocurrency-focused fund

Regulators in South Korea are reportedly set to give the green light for the country’s first crypto-related investment fund.

2021-4-29 18:30	#investment
south fund set reportedly korea green light

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South Koreans to Face Tougher Crypto Laws to As Regulators Tackle Cases of Money Laundering

The South Korean financial authorities are tightening up regulations in a bid to combat illegal transactions and money laundering. The post South Koreans to Face Tougher Crypto Laws to As Regulators Tackle Cases of Money Laundering first appeared on BitcoinExchangeGuide.

2021-4-21 23:51	Legal & Regulation
south money laundering tackle cases regulators face

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South Korea aims to “pay special attention” to Bitcoin and crypto transactions

South Korea’s regulators have announced a new crackdown on crypto-related illegal activity amidst the ongoing digital assets trading boom, local news outlet Yonhap News Agency reported today. The post South Korea aims to “pay special attention” to Bitcoin and crypto transactions appeared first on CryptoSlate.

2021-4-20 16:00	btcusd
korea south crypto transactions bitcoin special aims

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Experts say new South Korean crypto rules will create a monopolized market

Blockchain industry members claim that smaller-scale startups have struggled to forge partnerships with local banks in South Korea and are therefore unable to register under regulators' new requirements.

2021-3-24 13:48	KYC
south new banks local forge korea partnerships

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South Korean Regulators Want Crypto Businesses to Report Transaction Info or Face Jail Time

Establishing this law is part of the new wave of regulation in South Korea to operate crypto businesses transparently. Existing firms will have six months to comply with the rules or face strict penalties.

2021-3-19 00:07	Legal & Regulation
face south businesses crypto firms existing transparently

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Korean crypto exchanges could soon face fines for gaps in due diligence measures

South Korean financial regulators are developing a penalty regime for Anti-Money Laundering and Know Your Customer violations by cryptocurrency exchanges.

2021-3-10 13:24	KYC
korean exchanges regime anti-money penalty cryptocurrency developing

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South African Tax Regulators Shift Focus To Crypto; Sends Out Audit Requests

According to local news firm, Broadband, SARS sent out audit requests to taxpayers asking them to disclose their cryptocurrency trades and purchases. This was confirmed by Tax Consulting South Africa, which has recently been approached by a number of taxpayers on the issue.

2021-2-6 20:36	Legal & Regulation
requests taxpayers out south tax audit africa

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South Africa Financial Regulator Issues Crypto Investment Warning

South Africa’s regulatory body, the Financial Sector Conduct Authority (FSCA) like other global regulators, has warned citizens to be wary of crypto investment schemes that sell hyperbolic returns on investment (ROI) amid crypto’s bull run.

2021-2-5 02:00	South Africa
investment crypto south financial africa schemes wary

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South African regulators issue fresh crypto investment warning

Authorities in South Africa are warning investors to be wary of scams amid the current crypto bull market.

2021-2-4 15:27	Scam
warning crypto south investors africa wary scams

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South Korea to Ban Privacy Coins from Q1 2021

Privacy coins like Monero (XMR) and Zcash (ZEC) will become illegal in South Korea from Mar. 2021. The news is the latest assault on encryption and privacy as regulators enact laws targeting such protocols amid intensifying anti-money laundering (AML) efforts.

2020-11-19 18:48
privacy 2021 south coins korea laws enact

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South Korean Regulators to Bar Crypto Exchanges from Handling Privacy Coins

From March 2021, cryptocurrency exchanges and virtual currency providers in South Korea will be barred from handling “dark” coins and assets that heighten money laundering risks, the country’s main regulator, the Financial Services Commission (FSC), in a notice on Nov 3, said.

2020-11-5 20:59	South Korea
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South Korean regulators are not excited about Ethereum NFTs

If you happened to drop by the crypto space on social media in recent weeks, NFTs, short for non-fungible tokens, look to be the latest Ethereum-based assets that are steadily gaining at both popularity and price.

2020-9-24 22:00	Regulation
nfts ethereum-based latest tokens short non-fungible look

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Court Enforces Seizure of Korean Crypto Exchange Bithumb’s Shares

South Korean regulators have seized the share of the local cryptocurrency exchange Bithumb from its major investor. The move has been in connection with an ongoing case of the exchange for allegedly defrauding its clients, reported local media.

2020-9-17 20:27	bithumb
exchange bithumb local korean connection clients reported

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South African Regulator Warns Against Using Mirror Trading International

Mirror Trading International is getting flak from regulators worldwide.

2020-8-20 15:35	Crimes
international trading mirror 240px 15px worldwide regulators

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Texas Regulators Take Aim at South African Cryptocurrency MLM Scheme

The Texas State Securities Board has successfully shut down the operations of an illegal cryptocurrency investment scheme.

2020-7-9 15:55	Bitcoin
cryptocurrency scheme texas successfully securities state board

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South Korea: Regulators Mulling Taxing Cryptocurrency Gains

South Koreans cryptocurrency traders could soon find themselves busy doing taxes. According to a report by Decrypt published on May 30, 2020, the South Korean Ministry of Strategy and Finance has proposed taxing profits made via crypto-fiat transactions.

2020-5-31 17:07
south taxing cryptocurrency korean ministry 2020 may

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South Africa Proposes 30 Rules to Regulate Cryptocurrency

South Africa’s top financial regulators, including the South African Reserve Bank, have jointly released a policy paper with 30 recommendations for the regulation of cryptocurrency and related service providers.

2020-4-20 16:15
south cryptocurrency africa policy released recommendations paper

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Bitcoin: Are current crypto-tax laws hindering coin's adoption?

Crypto-taxing has been talked about a lot lately. While South Korea's regulators recently stated that taxes cannot be imposed on crypto-profits, Spain’s tax agency, the Agencia Estatal de AdministraThe post Bitcoin: Are current crypto-tax laws hindering coin's adoption? appeared first on AMBCrypto.

2020-4-19 00:30	BTC Trading View
coin bitcoin hindering adoption laws current crypto-tax

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South Africa: Government Panel Proposes Strict Crypto Regulations

An intergovernmental panel in South Africa comprising the central bank, treasury, and financial regulators is calling for the enactment of strict crypto regulations in the country. Strict Crypto Policing in South Africa In a paper published by the Intergovernmental Fintech Working Group (IFWG) in South Africa, the government panel argued for the establishment of aRead MoreRead More.

2020-4-18 17:00	South Africa
africa south crypto panel strict intergovernmental regulations

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After Germany, India, South Korea, And France, Are More Countries Likely To Warm Up To Crypto Real Soon?

The past couple of days have been spectacular in terms of bolstering crypto adoption. Financial regulators and lawmakers in India, South Korea, Germany, and France have softened their stance towards crypto through the passing of crypto-friendly laws.

2020-3-8 10:36	South Korea
crypto france germany india south korea lawmakers

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South Korea Officially Legalizes Cryptocurrencies: Unconfirmed

South Korean regulators have given the greenlight on crypto trading in the country, causing the community to go nuts with joy. However, no official confirmation yet

2020-3-5 14:08
south community causing nuts confirmation yet official

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South Korea Considers Imposing a 20% Income Tax on Cryptocurrencies

South Korean regulators are reportedly considering a 20% income tax on income from crypto transactions

2020-1-20 11:30	altcoin
income tax south considering reportedly crypto transactions

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CFTC Hunts Down Multi-Million Dollar Crypto-Ponzi Scammer

The U. S. Commodity Futures Trading Commission (CFTC) and South Korean regulators continue investigating the UK-based company Control-Finance Ltd, and its principal, Benjamin Reynolds, for a $147,000 Ponzi scheme involving Bitcoin.

2020-1-7 15:00
cftc principal ltd company control-finance benjamin scheme

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Why the Recent Developments in South Korea and the Swelling tide of Regulation Could be not so bad for the Crypto Industry

The coming calendar change has regulators rethinking how they stand in relation to cryptocurrency moving forward. Reports out of South Korea have lawmakers in the country drafting up bills for legislature that would levy taxes on capital gains earned with crypto and increase the transparency of the virtual asset market.

2019-12-17 12:00	Guest post
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German and South African Regulators Issue Fraud Warnings on Karatbars International

In Germany, according to a recent press release by BaFin, the Federal Financial Supervisory Authority of Germany, a cease and desist order has been issued against Karatbit. The cease and desist is to stop the company from its unauthorized electronic money business in Germany.

2019-11-18 22:46	Legal & Regulation
germany financial desist issued cease authority south

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Viacom Uncowed by China Over South Park, but Will Its Chinese Ops Suffer?

Comedy Central, which is owned by Viacom (NASDAQ: VIA), has refused to kowtow to China after an episode of its animated show “South Park” was deemed critical of regulators in the world’s most populous country.

2019-10-8 21:00
chinese viacom suffer china south park uncowed

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Bithumb To Enter Indian Bitcoin Market, Set for Talks with Govt Regulators

South Korean bitcoin exchange giant Bithumb is seeking to enter the Indian market with talks lined up with relevant government agencies about the matter. Bithumb Set to Partner with Indian Bitcoin Exchanges According to The Economic Times of India, Bithumb wants to partner with local bitcoin exchanges in the country in setting up a regulated platform.

2019-10-3 10:59	Reserve Bank of India
bithumb bitcoin indian set regulators enter market

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Binance is working with ‘local partners’ to set up South Korean fiat-to-crypto exchange

Binance is spreading its golden wings. The world’s largest cryptocurrency exchange is expanding its fiat-to-crypto base to South Korea. According to local Korean media outlet, BlockInPress, the Maltese-headquartered exchange is in talks with domestic regulators to set up the exchange.

2019-7-16 14:30	South Korea
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5 South Korean Crypto Exchanges Take On New Responsibility for User Losses

Five cryptocurrency exchanges in South Korea, including Bithumb, have increased their liability to users in line with demands from regulators

2019-6-17 10:36	Cryptocurrency Exchange
south exchanges liability increased users line regulators

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Korean Regulators Vow to Keep Exchanges in Check Amid Bitcoin Spring

While the surge in bitcoin and altcoin prices has ushered in another wave of excitement into the cryptospace, South Korean authorities remain focused on managing local expectations surrounding the industry.

2019-5-29 15:00	Regulations
bitcoin korean check exchanges keep thisread market

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An entrepreneur’s guide to South Korea’s blockchain tech scene

While an old Korean proverb warns that ‘If you don’t walk today, you must run tomorrow,’ the motto of modern South Korea’s approach to innovation might be summed up thusly: Walk briskly today, so you’re set to outrun the rest tomorrow.

2019-5-8 18:25	Podium
blockchain today walk tomorrow story south korea

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Bittrex Claims NYDFS’ Problematic Exchange Accounts Were from South Korea, Not North Korea

If Bittrex is to be believed, the New York Department of Financial Services (NYDFS) got the two Koreas mixed up. The crypto exchange has affirmed recently that the New York regulators made a mistake when they identified two users as North Korean in the exchange.

2019-4-23 02:20	Cryptocurrency News
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Bittrex: ‘North Korean’ Accounts Flagged by NYDFS Were South Korean

Crypto exchange Bittrex says New York regulators erred in identifying two of its users as North Korean.

2019-4-23 22:40	Bittrex
korean north bittrex erred regulators identifying users

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Elon Musk, SEC Need More Time to ‘Put on Their Reasonableness Pants’

By CCN: Elon Musk and the SEC are talking, demonstrating progress in a regulatory battle that has been drawn out for months. While the Tesla CEO and the securities regulator have yet to reach an agreement regarding a contempt of court dispute, they could be close.

2019-4-20 03:53	Tesla
musk sec pants elon reasonableness put months

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US ETF Ruling to Inform South Korean Cryptocurrency Market

Local media has reported that a South Korean exchange is waiting for regulators in the United States to make a ruling regarding the highly anticipated Vaneck cryptocurrency exchange-traded fund (ETF) before determining its stance pertaining to virtual currency ETFs.

2019-2-24 01:38	УС
ruling etf korean cryptocurrency south inform exchange

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Korea Exchange Official: US Decision on Bitcoin ETF Will Set Tone for Local Crypto Market

An official at South Korea’s sole securities exchange operator, the Korea Exchange, says the bourse is closely eyeing developments from U.S. regulators in regard to crypto ETFs

2019-2-23 11:50	ETF
korea exchange crypto official bourse says operator

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Official: U.S. SEC’s Bitcoin ETF Verdicts Will Determine South Korea’s Crypto Attitude

South Korea Waits On SEC Rulings The race for the launch of Bitcoin exchange-traded funds (ETFs) has been an onerous one. Since the first proposal was plopped on the desk of American regulators, hopefuls and.

2019-2-22 03:22	United States
south korea bitcoin sec official attitude verdicts

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South Africa’s Central Bank Proposes Rules for Crypto Companies

Crypto exchanges and wallet providers would have to register with regulators under rules proposed by South Africa’s central bank.

2019-1-17 18:00
south rules crypto bank central africa register

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South Africa to Start Tracking All Cryptocurrency Transactions in 2019

Owning bitcoin in South Africa just got a little harder, or at least it will do by the end of quarter one this year. According to a consultation paper published yesterday by the South African Reserve Bank (SARB), some hefty new regulation surrounding and exchanges and ATMs is about to be enforced.

2019-1-16 23:00	South Africa
south africa paper bitcoin african 2019 tracking

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South Korea Regulators Indict Three Upbit Employees for Alleged Trade Volume Manipulation

No manipulation here, says exchange Upbit after South Korean authorities issue indictment against three employees

2018-12-22 16:25	Fraud
upbit south manipulation three employees indictment against

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Hong Kong Stock Market Regulator ‘Reluctant’ to Greenlight Bitmain IPO, Sources Report

Hong Kong regulators think it is too “premature” to allow an IPO for Bitmain or other crypto businesses, say two anonymous sources cited by South China Morning Post

2018-12-20 20:27	Mining
bitmain sources hong ipo kong businesses say

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Your Thanksgiving Turkey’s Provenance Might Be on a Blockchain (Seriously)

Honeysuckle White is giving family and friends gathering for Thanksgiving dinner this year the opportunity to talk turkey with a traceable blockchain code on more than 200,000 turkeys sold through 3,500 retailers around the U.

2018-11-23 00:52	blockchain
honeysuckle food turkey consumers blockchain traceable program

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Huobi Group Sets Up Communist Party Committee in Beijing

As part of its desire to forge deeper ties with the Chinese government, Huobi Group, the parent company of digital asset platform Huobi, has formed a Communist Party committee in China, according to an announcement by the company.

2018-11-20 00:18	China
party huobi china communist beijing government company

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South Korea’s First Crypto Fund Shut Down Over Regulatory Pressure

South Korea is a very interesting region when it comes to cryptocurrencies. In most cases, there is nothing but positive news first and foremost. At the same time, local regulators are looking for ways to ensure the industry gains more legitimacy.

2018-11-14 08:05
down south shut korea fund crypto pressure

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Zeniex Crypto Exchange In South Korea Shuts Down After Government Regulators Move In

A South Korean cryptocurrency exchange had to shut down its operations after a recent government crackdown on unauthorized platforms. The cryptocurrency exchange affected is Zeniex and it will be terminating its services after the decision taken by the government.

2018-11-12 12:33	News
government zeniex exchange cryptocurrency down south crypto

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South Korea Cracks Down on Unauthorized Cryptocurrency Funds

South Korean financial regulators are cracking down on unauthorized cryptocurrency funds. In particular, one crypto fund launched by a local exchange is reportedly being investigated. The exchange claims no wrongdoing as its token activities were carried out overseas, but has promptly canceled its plan to launch a second fund.

2018-10-31 02:00
cryptocurrency unauthorized down south funds exchange fund

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Head of Korea’s Top Financial Regulatory Body Reaffirms Stance Against ICOs

On October 11, Chairman of Korea’s Financial Services Commission Choi Jong-koo reaffirmed his negative stance against virtual currencies and initial coin offerings (ICOs) in a statement given to Korea’s National Assembly.

2018-10-13 02:41	Cryptocurrency News
korea stance against icos national financial chairman

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Superstar plastic surgeon buys major South Korean cryptocurrency exchange

Just weeks before regulators decide the fate of domestic initial coin offerings (ICOs), one of South Korea’s largest cryptocurrency exchanges is changing hands. A consortium led by a superstar plastic surgeon has just bought a controlling stake in Bithumb for $353 million.

2018-10-12 13:54	hard fork
global holdings btc superstar shareholder one consortium

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Cryptos Gain Adoption Amid Venezuela’s Economic Turmoil

Life in Venezuela is anything but. Last year, the South American nation of 32 million led the world with 652% inflation and this year the economic turmoil is even worse. As of September 2018, the annual inflation was estimated at 200,000% and International Monetary Fund (IMF) said it could spike to a mindboggling 1,000,000% by December.

2018-10-10 22:30	Venezuela
venezuela dash crypto people adoption turmoil maduro

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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.

South Korean Police Raid Crypto Firm Which Claimed to Possess Sunken Treasure

In the old days, people invested in gold as a store of wealth as its value was universal and largely stable. However, cryptos changed the game and attracted a lot of investment which otherwise would have gone to gold.

2021-5-6 08:00

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