Bitcoin News / Bitcoin.com - 3 years ago
All cryptocurrency exchanges in South Korea except the largest four may be unable to meet the bank account requirements needed to stay in business. A number of Korean crypto exchanges are considering suing the government and financial authorities, cl...
Cryptocoins News / The Cointelegraph - 3 years ago
With many crypto exchanges in South Korea now on a precipice as a new regulatory framework kicks in, some are threatening to sue the government over its alleged shirking of key responsibi...
Bitcoin News / Bitcoin.com - 3 years ago
Banking institutions in South Korea have reportedly requested to not be held accountable for crimes linked to cryptocurrencies such as money laundering. According to local media, financial regulators are now developing rules that could relieve Korean...
Bitcoin News / Bitcoin.com - 3 years ago
South Korean authorities have identified thousands of tax evaders as part of an intensifying crackdown on tax dodging among crypto investors. Following a prolonged investigation, the government has reportedly seized cryptocurrency worth millions of d...
Cryptocoins News / The Cointelegraph - 3 years ago
Exchange tokens are falling under the scrutiny of South Korean regulators. The increased regulatory scrutiny that befell South Korea’s cryptocurrency space in recent t...
Bitcoin News / Bitcoin.com - 3 years ago
Crypto trading platforms in South Korea are delisting certain digital currencies as they move to comply with stricter rules for the industry. The trading of some high-risk coins has been either halted or completely suspended on several Korean exchang...
Cryptocoins News / The Cointelegraph - 3 years ago
Amid increasing scrutiny and demand from regulators, South Korean crypto exchanges are sifting through their supported assets and delisting or placing high-risk coins on an investor warni...
Cryptocoins News / The Cointelegraph - 3 years ago
A further tightening of cryptocurrency regulation in South Korea is underway, with new rules for banks and crypto exchange operators. New rules announced by South Kore...
Bitcoin News / Bitcoin.com - 3 years ago
A class action lawsuit has been filed in South Korea accusing cryptocurrency exchange V Global of defrauding investors. The police reportedly estimate that 69,000 people have invested with the crypto exchange and the damage amounts to 3.8 trillion wo...
Cryptocoins News / The Cointelegraph - 3 years ago
The FSC is in dialogues with South Korea’s crypto exchanges amid expanded regulatory oversight. Small and medium-sized exchanges in South Korea had a chance to express...
Cryptocoins News / The Cointelegraph - 3 years ago
ROK Capital and the Solana Foundation have formed the Solana Eco Fund, aiming to spark a fire of Solana blockchain-based growth in Korea. Solana-related news has surf...
Cryptocoins News / The Cointelegraph - 3 years ago
Upbit exchange paid 10 times more in fees to South Korean internet bank K Bank Q1 2021 than in the previous quarter. As cryptocurrency markets grew in the first quarte...
Bitcoin News / Bitcoin.com - 3 years ago
The Financial Supervisory Service of South Korea will lead government efforts to oversee the country’s expanding cryptocurrency market. The agency has been tasked with the job after prolonged discussions over which Korean regulator should be re...
Cryptocoins News / The Cointelegraph - 3 years ago
After some confusion, South Korea’s government has laid out which state and regulatory bodies are charged with the oversight of various aspects of crypto-related activities....
Bitcoin News / Bitcoin.com - 3 years ago
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. Won Hee-ryong, the Governor of Jeju Isla...
Bitcoin News / Bitcoin.com - 3 years ago
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. Hong Nam-ki unveiled that officials are assessi...
Bitcoin News / Bitcoin.com - 3 years ago
The crypto regulation crisis is on fire in South Korea, as politicians have struggled to reach agreements with top government officials to ease rulings. A local media outlet reveals that South Korean ministries “do not want” to take charg...
Bitcoin News / Bitcoin.com - 3 years ago
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 throug...
