Bitcoin News / Bitcoin.com - 1 year ago
Leading South Korean crypto exchange Upbit has been granted regulatory approval by Singapore’s main financial regulator. The authorization will allow the trading platform to provide regulated services in the Southeast Asian city-state which has estab...
Cryptocoins News / The Cointelegraph - 1 year ago
The Virtual Asset Users Protection Act was passed in June without a sufficient regulatory framework, the head of South Korea’s Financial Supervisory Service said. Sou...
Cryptocoins News / The Cointelegraph - 1 year ago
Upbit Singapore scored initial approval from the country’s central bank and financial regulator for a local crypto license. The Singapore entity for Upbit, South Korea...
Cryptocoins News / Blockchain - 1 year ago
The disclosure of 'Compensation Reserve Funds' by South Korean crypto exchanges, led by Upbit with KRW 20 billion, reflects the country's broader regulatory strides aimed at ensuring user protection, transaction transparency, and market discipline. T...
by COINS NEWS - 1 year ago
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by COINS NEWS - 1 year ago
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Cryptocoins News / Blockchain - 1 year ago
South Korean brokerage firms KB Securities, NH Investment & Securities, and Shinhan Investment Corporation form a consortium to jointly venture into the tokenized securities market. The collaboration aims to build a common infrastructure and ex...
Bitcoin News / Bitcoinist - 1 year ago
Upbit, South Korea’s largest cryptocurrency exchange, is reeling from a substantial security breach that has sent shockwaves through the cryptocurrency community. This incident unfolded after Upbit detected a fraudulent deposit that had been ma...
Cryptocoins News / Blockchain - 1 year ago
South Korea is taking steps to scrutinize the criminal records of major shareholders in cryptocurrency businesses. A proposed amendment to the Special Financial Information Law aims to bring the crypto market under a regulatory framework similar to t...
by COINS NEWS - 1 year ago
This is the biggest blunder from an exchange in a very long time. Upbit identified fake tokens as real ones and allowed malicious actors to dump the fake tokens on the market to gain real fiat. Tl;dr of what happened Someone created a fake coin and...
by COINS NEWS - 1 year ago
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Bitcoin News / Bitcoinist - 1 year ago
A local report confirmed that Busan, the second most populous city in South Korea, plans to use the Ethereum and Cosmos for its project “Blockchain City.” The Asian city has been developing its blockchain capabilities for a while and plans to double...
Bitcoin News / Bitcoin.com - 1 year ago
South Korean tax payers have declared some 131 trillion won (more than $98 billion) of crypto holdings in overseas accounts this year. The amount was announced by the country’s tax agency and it comes after the authorities in Seoul imposed a mandator...
Bitcoin News / Bitcoinist - 1 year ago
In recent years, crypto assets such as Bitcoin and Ether have witnessed increased adoption in various countries worldwide. In a testament to this growing trend, South Korea’s tax organization disclosed that cryptocurrencies accounted for the largest...
by COINS NEWS - 1 year ago
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Cryptocoins News / The Cointelegraph - 1 year ago
Over 1,400 individuals and corporations in South Korea have reported holding $98 million in crypto overseas, which is 70% of all reported assets. Cryptocurrencies like...
Bitcoin News / Google News Bitcoin - 1 year ago
Crypto makes up 70% of South Korea's reported overseas assets: Tax agency& & Cointelegraph
Bitcoin News / Bitcoin.com - 1 year ago
South Korean prosecutors and regulators are directing their attention toward reported issues concerning unregulated cryptocurrency-based over-the-counter (OTC) trading and deposit enterprises. During the third annual prosecutors’ conference, of...
Bitcoin News / Bitcoinist - 1 year ago
In light of a surge in illicit activities associated with the over-the-counter (OTC) crypto trading market, South Korea is increasing its regulatory scrutiny. Financial regulators in this tech-forward nation are actively delving into the largely unre...
Cryptocoins News / Finance Magnates - 1 year ago
South Korean financial regulators are intensifying their scrutiny of over-the-counter (OTC) cryptocurrency trades due to rising anxieties about their potential use in criminal activities. Reports indicate that regulatory authorities in the country ar...
by COINS NEWS - 1 year ago
According to the Korea Customs Service report, the value of unlawful foreign exchange transactions made using digital currency was estimated to be worth $4 billion last year....
by COINS NEWS - 1 year ago
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by COINS NEWS - 1 year ago
The cryptocurrency bill has cleared its first phase raising the hopes of the industry. This will strengthen the financial service commission to regulate by being the regulatory authority for all the crypto firms. This bill, when it becomes a law, wil...
Cryptocoins News / The Cointelegraph - 1 year ago
South Korean financial regulators accused Delio of fraud and embezzlement and seized its assets in July earlier this year. South Korean Bitcoin (BTC) lender Delio is...
Bitcoin News / Google News Bitcoin - 1 year ago
South Korean Bitcoin lender Delio plans to sue regulators: Report& & Cointelegraph
