Bitcoin News / Bitcoinist - 1 week ago
South Korea’s financial regulator is making strides in its approach to cryptocurrency by allowing certain organizations and corporations to open bank accounts for crypto transactions, according to latest report.
This move, which comes as part of the...
Cryptocoins News / CoinJournal - 1 week ago
South Korea lifts crypto ban for companies.
The ban lift has been structured in a two-phase plan.
The move coincides with the enactment and enforcement of South Korea’s Virtual Asset User Protection Act.
South Korea’s Financial Services...
Bitcoin News / Bitcoinist - 1 week ago
Korea Exchange chairman Jeong Eun-bo recently pushed for the country’s approval of crypto exchange-traded funds (ETFs). Amid the country’s stock market crisis, he urged revamping South Korea’s financial industry to strengthen the market and com...
Bitcoin News / Bitcoinist - 1 week ago
A South Korean lawmaker, Kim Nam-kuk, was recently cleared of allegations that he “concealed” cryptocurrency assets. The case centered on whether South Korea’s laws at the time of the alleged concealment required him to declare his holdin...
Bitcoin News / Bitcoin.com - 1 week ago
As bitcoin maintains its orbit just north of $97,000 globally, South Korea’s digital currency enthusiasts are navigating a stratospheric valuation of $101,479 per unit—a celestial discrepancy rooted in local dynamics. South Korea’s Crypto Fever Spark...
Bitcoin News / Bitcoinist - 2 weeks ago
According to data from CryptoQuant, Bitcoin’s (BTC) Kimchi Premium has surged to a three-year high of 12%. This spike comes amid a steep decline in the flagship cryptocurrency, triggered by concerns over the economic impact of looming US trade tariff...
Bitcoin News / Google News Bitcoin - 2 weeks ago
South Korea’s bitcoin 'kimchi premium' soars to 10-month high amid Trump-led tariff war concerns& & The Block
Bitcoin News / Bitcoinist - 1 month ago
South Korea’s largest crypto exchange, Upbit, has reportedly received a suspension notice from the Financial Services Commission (FSC) for allegedly violating anti-money laundering (AML) and Know-your-client (KYC) requirements.
Upbit Faces Suspensio...
Bitcoin News / Bitcoin.com - 1 month ago
South Korea has cracked down on a pump-and-dump scheme, accusing a suspect of rapid price manipulation under the country’s new crypto regulatory framework. New Crypto Law in Action: Suspect Accused of Rapid Price Manipulation South Korea’s Fina...
Cryptocoins News / Finance Magnates - 1 month ago
South Korea's top cryptocurrency exchange, Upbit, is
facing a regulatory storm. Accused of breaching Know Your Customer (KYC)
obligations, the platform faces a suspension that could bar it from registering
new users for six months. According to local...
Bitcoin News / Bitcoin.com - 1 month ago
The South Korean Financial Intelligence Unit (FIU) has ordered Upbit to temporarily halt services for new users after finding numerous violations of the Specific Financial Transaction Information Act. South Korean Crypto Industry Watches Upbit Case C...
Bitcoin News / Bitcoinist - 1 month ago
South Korea’s regulatory industry for cryptocurrency continues to evolve, with authorities adopting a cautious approach to corporate investments in digital assets.
On Wednesday January 15, the Financial Services Commission (FSC) hosted its second Vir...
Bitcoin News / Bitcoinist - 1 month ago
The United States, Japan, and South Korea have joined together to warn the industry about the ongoing hacking threats by North Korean actors after observing “aggressive” targeting of the crypto industry.
US, Japan, South Korea Send Warning
In a join...
Bitcoin News / Bitcoin.com - 1 month ago
The U.S., Japan, and South Korea have united to thwart North Korea’s crypto theft schemes, targeting billions in stolen funds fueling weapons programs and cybercrime operations. 3 Nations Join Forces to Shut Down North Korea’s Crypto Funding Ma...
Bitcoin News / Bitcoinist - 1 month ago
Recent reports revealed that South Korea is set to ease its restrictions on institutional crypto investment. Secretary-General of South Korea’s Financial Services Commission (FSC) announced the watchdog’s plan to review its restrictions amid the ongo...
Cryptocoins News / CoinJournal - 1 month ago
South Korea’s financial regulator plans to gradually ease restrictions on institutional crypto trading, allowing them access to local crypto markets.
Non-profit organisations are at the top of the list of institutions which will be allowed to...