Policy Easing, New Crypto Classification in South Korea
Bitcoin
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Bitcoin
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Policy Easing, New Crypto Classification in South Korea

btcethereumadmin - July 9, 2018

South Korea has been busy revising its cryptocurrency regulations. The regulators plan to ease the rules on crypto assets in line with G20 policies. While a new…

Bithumb Lowers Theft Estimate – Will Fully Repay Customers Despite Deficient Insurance
Bitcoin
33 views
Bitcoin
33 views

Bithumb Lowers Theft Estimate – Will Fully Repay Customers Despite Deficient Insurance

btcethereumadmin - June 23, 2018

South Korean exchange Bithumb has lowered its theft estimate from the original amount after undergoing some of the recovery process. The exchange promises to fully repay customers…

Korean Government Details Regulatory Plans After Multiple Crypto Exchange Hacks
Bitcoin
38 views
Bitcoin
38 views

Korean Government Details Regulatory Plans After Multiple Crypto Exchange Hacks

btcethereumadmin - June 21, 2018

Following multiple hack reports, the South Korean government explains how it will strengthen the regulatory framework for cryptocurrency exchanges. A bill has already been submitted which imposes…

As Korean Crypto Exchanges Step Up AML Compliance, Banks Are Failing
Bitcoin
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Bitcoin
20 views

As Korean Crypto Exchanges Step Up AML Compliance, Banks Are Failing

btcethereumadmin - June 18, 2018

As the South Korean government steps up its anti-money laundering (AML) oversight, major crypto exchanges in the country are voluntarily complying while banks are reportedly failing to…

South Korean Government Agency Seeks Direct Supervision Over Crypto Exchanges
Bitcoin
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Bitcoin
22 views

South Korean Government Agency Seeks Direct Supervision Over Crypto Exchanges

btcethereumadmin - June 15, 2018

The South Korean government is reportedly seeking to bring cryptocurrency exchanges under the direct supervision of the country’s Financial Intelligence Unit. This will obligate crypto exchanges to…

South Korea to Follow G20 Unified Cryptocurrency Regulations
Bitcoin
33 views
Bitcoin
33 views

South Korea to Follow G20 Unified Cryptocurrency Regulations

btcethereumadmin - May 18, 2018

The South Korean government reportedly plans to soften its crypto regulations in line with the policies set by the G20 nations in an effort to create “unified…

Investigation of South Korea’s Largest Crypto Exchange Upbit Continues
Bitcoin
55 views
Bitcoin
55 views

Investigation of South Korea’s Largest Crypto Exchange Upbit Continues

btcethereumadmin - May 16, 2018

Since the South Korean prosecution started investigating Upbit, the country’s largest cryptocurrency exchange, more events have unfolded. While local media still discuss allegations and raise questions about…

Korean Regulators Widen Investigation of Cryptocurrency Exchanges
Bitcoin
41 views
Bitcoin
41 views

Korean Regulators Widen Investigation of Cryptocurrency Exchanges

btcethereumadmin - May 14, 2018

South Korea’s government is widening its probe on cryptocurrency exchanges, particularly the use of corporate accounts which the regulators say can lead to money laundering. This announcement…

100+ Crypto Exchanges in South Korea – Government’s Real-Name System Ineffective
Bitcoin
36 views
Bitcoin
36 views

100+ Crypto Exchanges in South Korea – Government’s Real-Name System Ineffective

btcethereumadmin - May 14, 2018

There are reportedly more than 100 exchanges in South Korea, most of which are not using the government’s real-name system. None of the small and medium-sized exchanges…

South Korea’s Largest Crypto Exchange Upbit Under Investigation for Fraud
Bitcoin
98 views
Bitcoin
98 views

South Korea’s Largest Crypto Exchange Upbit Under Investigation for Fraud

btcethereumadmin - May 11, 2018

The largest cryptocurrency exchange in South Korea, Upbit, is suspected of fraud and is currently under investigation. The prosecutors have conducted searches at the exchange and confiscated…