Cryptocoins News / The Cointelegraph - 2 years ago
The increased trading volume comes following the Financial Services Commission's requirement that crypto trading platforms register as digital asset service providers before Sept. 24....
Bitcoin News / Bitcoin.com - 2 years ago
South Korea’s top financial regulator, the Financial Services Commission (FSC), is establishing a dedicated division to oversee cryptocurrency transactions.
South Korea Increasing Efforts to Regulate Crypto Industry
South Korea’s Financ...
Bitcoin News / Bitcoin.com - 2 years ago
A former central bank official, nominated to head South Korea’s financial watchdog, has expressed skepticism about recognizing cryptocurrency as a financial asset. In comments to a parliamentary committee, Koh Seung-beom has confirmed his view...
Cryptocoins News / The Cointelegraph - 2 years ago
Seung-beom Koh said that fintech experts across the globe “find it difficult to see virtual currencies as a financial asset.” Seung-beom Koh, a nominee for chairman of...
Cryptocoins News / The Cointelegraph - 2 years ago
Upbit is one of South Korea’s largest cryptocurrency exchanges alongside Bithumb, Coinone and Korbit — who are collectively referred to as “The Big Four.” Major South...
Bitcoin News / Bitcoin.com - 2 years ago
U.S.-based crypto trading platform Bitfront is going to discontinue services in South Korea before stricter rules for the industry are enforced in September, Korean media reported. The exchange, a subsidiary of Japanese tech giant Line, is currently...
Cryptocoins News / NewsBTC - 2 years ago
Kakao pushes its expansion plan to Singapore for Klaytn, its legacy blockchain platform, following its globalization quest.
Reporting on Monday, The Korea Herald disclosed the city-state establishment of the Klaytn Foundation and Krust, the new block...
Bitcoin News / Bitcoin.com - 2 years ago
Samsung, the Korean tech giant, has decided to participate in a central bank digital currency (CBDC) program that is being carried out by the Bank of Korea. The company will be testing the feasibility of using these new instruments in its lineup of G...
Cryptocoins News / The Cointelegraph - 2 years ago
Kakao wants to keep up with the enterprise blockchain competition in Asia as it eyes expansion to Singapore. Singapore is reportedly the next port of call for Kakao’s...
Cryptocoins News / NewsBTC - 2 years ago
Started by the end of July 2021, the Bank Of Korea central bank digital currency (CBDC) project has been gaining traction. Per a report by the Korea Times, the project will be aided by electronics company Samsung.
The company and the financial instit...
Cryptocoins News / The Cointelegraph - 2 years ago
The crypto exchange giant said the decision was part of efforts aimed at proactive compliance with regulatory demands. Binance has halted Korean won (KRW) trading pair...
Bitcoin News / Bitcoin.com - 2 years ago
On August 13, the cryptocurrency exchange Binance revealed it is ending a great number of services in South Korea. The company noted in the announcement that it evaluated local regulations and “will discontinue the following offerings in Korea,...
Cryptocoins News / The Cointelegraph - 2 years ago
Any overseas activity outside Korea that has domestic effects or consequences shall be subject to the amended crypto regulation. Due to their anonymity or pseudonymity...
Bitcoin News / Bitcoin.com - 2 years ago
PRESS RELEASE. The blockchain-based metaverse Dvision Network is set to become part of history in what promises to be an action-packed event. The NFT metaverse will be hosting the ‘’Live debate’’ on the Cryptocurrency Legislat...
Cryptocoins Exchanges / Binance - 2 years ago
Hi, why is Korean Won (KRW) not available as display currency anymore?! submitted by /u/SwedeInSeoul [link] [comments]
Cryptocoins News / The Cointelegraph - 2 years ago
Shinban Bank, K bank and NH Nonghyup Bank reported a total revenue of 16.9 billion won coming out of partnerships with four crypto exchanges. Three South Korean banks...
Cryptocoins News / NewsBTC - 2 years ago
The Financial Services Commission, the top financial regulator in South Korea, is supposedly staging a closedown for some cryptocurrency exchanges. This move is linked to allegations of fraud in these exchanges.
The first move from the FSC is to temp...
Bitcoin News / Bitcoin.com - 2 years ago
South Korea’s top financial regulator will shut down 11 cryptocurrency exchanges allegedly engaged in fraudulent bank account schemes, local media reported. Meanwhile, the deadline for all crypto exchanges to comply with the country’s reg...
Cryptocoins News / The Cointelegraph - 2 years ago
Sources claim that several mid-sized crypto exchanges in South Korea will be unable to get approval from the FSC. South Korea’s top financial regulator, the Financial...