All posts tagged "korean"
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crypto exchange
Bithumb Overtook Binance as Largest Spot Exchange by Daily Volumes in November
Cryptocompare, the cryptocurrency market data aggregator, has published its monthly exchange review for November 2018, offering insights about the latest changes in...
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Bitcoin
Korean Incoming Minister Confirms Cryptocurrency Taxation Plans
South Korea’s incoming finance minister, Hong Nam-ki, has reportedly unveiled his government’s taxation plans for cryptocurrency and initial coin offerings. A task...
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Bitcoin
South Korea’s Upbit to Launch Crypto Exchanges in Thailand and Indonesia
South Korean cryptocurrency exchange Upbit has reportedly started marketing new crypto exchanges in Thailand and Indonesia as part of its global expansion...
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AML
Korean Court Rules in Favor of Cryptocurrency Exchange Against Bank
A South Korean district court has ruled that Nonghyup Bank, a major bank in the country, cannot block transactions to the account...
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Bitcoin
BTCC Launching Cryptocurrency Exchange in South Korea
Hong Kong-headquartered cryptocurrency exchange BTCC is reportedly launching services in South Korea this month. In addition to a cryptocurrency exchange, the company...
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Bitcoin
South Korea’s Largest Crypto Exchange Sold to Singapore-Based Consortium
The largest cryptocurrency exchange in South Korea by trading volume, Bithumb, has reportedly been sold to a Singapore-based consortium for approximately 400...
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Altcoins
Largest South Korean Exchange Launches Crypto Market Indices
The largest crypto exchange in South Korea by trading volume, Bithumb, has launched two cryptocurrency market indices. One tracks all coins listed...
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Bitcoin
Korean Crypto Exchange Sued for Controversial Token Schemes
A lawsuit has reportedly been filed in South Korea against a local cryptocurrency exchange over its price-pumping schemes involving token issuance. The...
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Bitcoin
Total of 7 Crypto Exchanges and 158 Wallets Hacked in South Korea, Police Find
The South Korean National Police Agency has produced a report of all hacking incidents of crypto exchanges and wallets in the country...
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Bitcoin
Coinnest Executives Indicted for Accepting Bribe for Coin Listing
The Seoul Southern District Public Prosecutors’ Office has reportedly indicted two executives of South Korean crypto exchange Coinnest for accepting a bribe...
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Bitcoin
Major Korean Crypto Exchange Upbit Opens in Singapore Next Month
Major South Korean cryptocurrency exchange Upbit will reportedly begin operations in Singapore next month. The new exchange will offer Singapore dollar trading...
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Bank
Bithumb and Coinone Terminating Fiat Withdrawals for Unverified Crypto Traders
Two major South Korean cryptocurrency exchanges have announced that they will no longer allow unverified users to make withdrawals in Korean won....
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Bitcoin
Korean Banks to Limit Services for Crypto Traders Without Real-Name Verification
South Korean banks are reportedly taking measures to limit services for customers who are not using the real-name system. It has been...
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Bitcoin
South Korea Urges 14 Countries to Create International Discipline System for Crypto
At an annual international conference for regulators in Seoul, the South Korean Financial Supervisory Service urged regulators from 14 other countries to...
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Bitcoin
Major Korean Insurer to Offer Crypto Exchanges Insurance for Hacking Damages
A major South Korean insurance company reportedly will start offering cryptocurrency exchanges insurance aimed at compensating for damages caused by hacking, according...
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Bitcoin
Major Korean Insurer to Offer Crypto Exchanges Insurance for Hacking Damages
A major South Korean insurance company reportedly will start offering cryptocurrency exchanges insurance aimed at compensating for damages caused by hacking, according...
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Bitcoin
South Korean Lawmaker Proposes Special Crypto Zone for ICOs
A South Korean lawmaker has reportedly proposed designating a regulation-free special cryptocurrency zone aimed at initial coin offerings. It has been about...
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Bitcoin
South Korean Lawmaker Proposes Special Crypto Zone for ICOs
A South Korean lawmaker has reportedly proposed designating a regulation-free special cryptocurrency zone aimed at initial coin offerings. It has been about...
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Bitcoin
Report Finds Mining Activity and Bitcoin Exchange Development in North Korea
A report by South Korea’s state-run Korea Development Bank (KDB) suggests that North Korea has been mining cryptocurrencies, according to local media....
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atm
Korea Roundup: Mongolian Government Visits Bithumb, New BTM, Hardware Wallet
In South Korea, Bithumb was visited by officials of the Mongolian government. Upbit is offering free training leading up to its developer...
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Bitcoin
Korean Government: 11 out of 21 Crypto Exchanges Complete Security Measures
The South Korean government has announced the outcome of its inspection of 21 cryptocurrency exchanges. While a number of exchanges have completed...
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audit report
Bithumb Resumes Deposit and Withdrawal Services – Upbit Reveals 127% Cash Reserves
South Korean exchange Bithumb has resumed deposit and withdrawal services for a number of cryptocurrencies after the recent hack. Another major Korean...
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Bitcoin
South Korea Plans to End Major Tax Benefits for Bitcoin Exchanges
The South Korean government has announced a new set of tax law amendments. Under this proposal, bitcoin exchanges will no longer be...
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Altcoins
Russian Shipwreck and ‘Treasure’ Linked to Crypto Exchange
A South Korean firm claimed to have found the wreck of a Russian warship sunk in 1905 with $130 billion worth of...
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Bitcoin
South Korean Regulator Presses Lawmakers to Pass Crypto Bill Urgently
South Korea’s top financial regulator has urged lawmakers to pass the country’s first crypto bill quickly, citing the urgent need from rising...
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Cooperation
South Korea’s Crypto Regulation Shakeup: New Bureau, Agreement With China
South Korea’s top financial regulator is planning a major organizational restructuring that includes introducing some new crypto policy initiatives. A bureau dedicated...
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atx
Crypto Exchange Coinrail Reopens with Offers to Recover 11 Cryptocurrencies
South Korean exchange Coinrail has resumed service after it was hacked last month. The exchange has offered users some options to recover...
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Bitcoin
Major Korean Exchange Bithumb Expanding into Japan and Thailand
One of South Korea’s largest cryptocurrency exchanges, Bithumb, is expanding into Japan and Thailand. The exchange is working on obtaining regulatory approval...
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Bitcoin
Korean Government Criticized for Crypto Exchange Hacks, Upbit Denies Hack Rumor
The South Korean government has been criticized for not doing enough to help prevent hacking at cryptocurrency exchanges. Data obtained by the...
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Bank of Korea
Korean Regulations: Policy Easing, New Crypto Classification, Central Bank Report
South Korea has been busy revising its cryptocurrency regulations. The regulators plan to ease the rules on crypto assets in line with...
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BIS
South Korea Thinks Real-Name System is Working – Stepping Up Crypto Monitoring
South Korea’s top financial regulator recently told 23 other countries’ regulators that the kimchi premium has fizzled since the anonymous trading of...
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Airdrop
Bithumb Reveals 11 Cryptocurrencies Lost and Plan to Compensate Customers
South Korean crypto exchange Bithumb has announced the 11 cryptocurrencies stolen in last week’s theft and the amount of each coin missing....
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Bitbox
Japan’s Line Launching Exchange With 30+ Cryptocurrencies in All but Two Countries
The operator of Line, Japan’s most popular chat app with approximately 200 million users worldwide, has confirmed the upcoming launch of its...
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ahnlab
Bithumb Lowers Theft Estimate – Will Fully Repay Customers Despite Deficient Insurance
South Korean exchange Bithumb has lowered its theft estimate from the original amount after undergoing some of the recovery process. The exchange...
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Bitcoin
Investigation Underway: Korean Government Seeks Cause of Crypto Hacks
Following the alleged hacks of South Korean crypto exchanges, the government has formally launched an investigation into the cause of the hacks....
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Bitcoin
Korean Government Details Regulatory Plans After Multiple Crypto Exchange Hacks
Following multiple hack reports, the South Korean government explains how it will strengthen the regulatory framework for cryptocurrency exchanges. A bill has...
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Bitcoin
Hacked Korean Crypto Exchange Unveils Plan to Restart Service Amid Controversies
South Korean cryptocurrency exchange Coinrail has unveiled its plan to resume service despite surrounding controversies. The exchange reportedly removed a key part...
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AML
As Korean Crypto Exchanges Step Up AML Compliance, Banks Are Failing
As the South Korean government steps up its anti-money laundering (AML) oversight, major crypto exchanges in the country are voluntarily complying while...
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AML
As Korean Crypto Exchanges Step Up AML Compliance, Banks Are Failing
As the South Korean government steps up its anti-money laundering (AML) oversight, major crypto exchanges in the country are voluntarily complying while...
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accounts
South Korean Government Agency Seeks Direct Supervision Over Crypto Exchanges
The South Korean government is reportedly seeking to bring cryptocurrency exchanges under the direct supervision of the country’s Financial Intelligence Unit. This...
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AML
Report: Suspicious Transactions at Korean Exchange Coinrail Months Before Hack
Following the announcement by South Korean crypto exchange Coinrail that it has been hacked, a local publication reported that some banks had...
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AML
Korean Exchange Upbit Paid Six People for Reporting Fraudulent Crypto Schemes
A major South Korean exchange, Upbit, has paid six people for reporting fraudulent crypto-related schemes. Ten cases were reported to the exchange...
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ahn
South Korea Mulls Over How to Cash Out State-Owned Cryptocurrency
The South Korean government is mulling over how to cash out the cryptocurrency it recently confiscated. While the most likely option is...
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Bitcoin
Korean Crypto Exchange Coinone and 20 Traders to Face Charges Over Margin Trading
The South Korean police are reportedly preparing to charge Coinone’s executives, including its CEO, and 20 of the exchange’s members. This follows...
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Asset
Korean Government Clarifies Position After Supreme Court Crypto Ruling
The South Korean government has clarified its position in response to the recent ruling by the country’s Supreme Court stating that cryptocurrency...
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216
Korean Supreme Court Rules Cryptocurrency Is Asset With Economic Value
The South Korean Supreme Court has ruled that cryptocurrency is an asset with economic value that can be confiscated. In the case...
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216
Korean Supreme Court Rules Cryptocurrency Is Asset With Economic Value
The South Korean Supreme Court has ruled that cryptocurrency is an asset with economic value that can be confiscated. In the case...
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Allow
South Korea’s National Assembly Officially Proposes Lifting ICO Ban
South Korea’s national legislature has officially proposed to allow domestic initial coin offerings, effectively lifting the ban imposed by the government in...
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AML
South Korean Exchange Bithumb Blocks Trading in 11 Countries
South Korea’s largest cryptocurrency exchange Bithumb has announced that it will block trading in 11 countries as part of its revised internal...
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Augur
South Korean Crypto Exchange Korbit Drops XMR, ZEC, DASH, REP, and STEEM
South Korean cryptocurrency exchange Korbit has announced that it will no longer support the trading of five cryptocurrencies: dash, monero, zcash, augur, and...
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Allegations
Investigation of South Korea’s Largest Crypto Exchange Upbit Continues
Since the South Korean prosecution started investigating Upbit, the country’s largest cryptocurrency exchange, more events have unfolded. While local media still discuss...
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arrest warrants
Arrest Warrants Issued to Employees of South Korean Crypto Exchange
Arrest warrants have reportedly been issued to three employees of a small South Korean cryptocurrency exchange, including its representative director. The three...
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Bitcoin
Korean Regulators Widen Investigation of Cryptocurrency Exchanges
South Korea’s government is widening its probe on cryptocurrency exchanges, particularly the use of corporate accounts which the regulators say can lead...
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Bitcoin
South Korea’s Largest Crypto Exchange Upbit Under Investigation for Fraud
The largest cryptocurrency exchange in South Korea, Upbit, is suspected of fraud and is currently under investigation. The prosecutors have conducted searches...
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207ASICSamsung Profits Surge on High Demand for Bitcoin Mining Chips
South Korean Samsung Electronics saw its operating profits surge in the first quarter of this year compared to the previous year. The...
