2024-4-3 08:52 |
Crypto.com is launching a crypto trading platform in South Korea after its acquisition of OK-BIT, a local crypto exchange.
Similar to Notcoin - TapSwap on Solana Airdrops In 2024
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South Korea, a nation long enamored with cryptocurrency, is tightening its belt on the digital asset frontier. Faced with a surge in crypto-related crimes, the country is bolstering law enforcement and implementing its first-ever comprehensive crypto regulation, set to take effect in July 2024.
2024-4-29 11:55 | |
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South Africa's upcoming election isn't expected to derail the country's agenda for digital assets, several members of the crypto community told CoinDesk.
2024-4-29 10:00 | |
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Singapore-based crypto exchange Crypto.com is set to launch services in South Korea, two years after acquiring local crypto exchange OK-BIT. Crypto.com announced in a blog post on Apr. 2 that it’s planning to launch the Crypto.com App in South Korea…
2024-4-2 10:12 | |
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South Korea intensifies regulatory oversight of its crypto exchanges, mandates significant reserve holdings to protect consumers.
2023-8-28 13:30 | |
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The South Korea Financial Services Commission reviewed and approved the exposure draft for revising Corporate Accounting Standards to enhance transparency in crypto
2023-7-14 21:56 | |
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After initially mandating public officials to declare their crypto, the South Korean authorities now want all local firms to disclose such holdings.
2023-7-12 15:05 | |
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South Korea's Financial Services Commission (FSC) has ordered its employees to report their cryptocurrency holdings. The move is part of the country's efforts to regulate the crypto market. The post South Korean Regulator Sets Crypto Reporting Guidelines for Its Employees appeared first on BeInCrypto.
2023-7-6 10:01 | |
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A murder case in South Korea arising from a crypto dispute is forcing authorities to speed up the implementation of crypto regulations. The post Crypto Murder Drives Urgent Need for Regulations in South Korea appeared first on BeInCrypto.
2023-5-18 13:45 | |
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There’s a rumor of a conflict of interest around the South Korean opposition lawmaker Kim Nam-Kuk over crypto transactions. The growing domestic outrage alleged that Kim liquidated over $4 million worth of crypto assets before the lawmakers would enforce the Financial Action Task Force Travel Rule.
2023-5-10 00:00 | |
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South Korea’s Financial Intelligence Unit (KoFIU) sent requests to all crypto exchanges domiciled in the country to submit records of self-issued tokens.
2022-11-21 14:13 | |
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The National Assembly of South Korea is collaborating with the country’s Financial Services Commission on a bill that seeks to introduce greater oversight of crypto firms and introduce tough punishmThe post South Korean lawmakers seek tough punishments for crypto fraud appeared first on AMBCrypto.
2022-11-2 20:00 | |
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South Korea’s Ministry of Economy and Finance has said crypto airdrops could be subjected to a gift tax of between 10% and 50%.
2022-8-23 14:56 | |
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South Korean authorities have yet again postponed imposing crypto tax until 2025, mentioned in the official announcement. This new proposal aligns with the new President Yoon Suk-yeol’s view, which is of the opinion that crypto taxation is secondary.
2022-7-23 07:00 | |
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The new president of South Korea Yoon Suk-yeol wants the country to lead the crypto market. Recently, he vowed to deregulate the virtual asset industry and expects to set a more amicable regulatory framework in order to promote local growth.
2022-3-18 00:00 | |
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H2: Bithumb crypto approval to compete with Upbit's market dominance in South Korea South Korea's anti-money laundering unit recently approved Bithumb's application to enable crypto services after The post After approval, can Bithumb shake Upbit's crypto monopoly in South Korea appeared first on AMBCrypto.
2021-11-22 20:30 | |
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South Africa features in the top 20 countries in the world, in terms of crypto adoption. Also, in a first, crypto trading in the country recently exceeded $141 million levels. Having said that, a The post South Africa may disallow crypto investments for pension funds appeared first on AMBCrypto.
2021-10-31 04:30 | |
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Since Bitcoin was adopted as legal currency in El Salvador, the crypto world is watching and waiting for who will be next. There could be a few South American countries to vote for legalizing crypto and paving the way for crypto infrastructure sooner rather than later.
2021-6-17 21:43 | |
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The FSC is in dialogues with South Korea’s crypto exchanges amid expanded regulatory oversight.
2021-6-5 15:06 | |
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The Financial Sector Conduct Authority (FSCA) has issued what it terms crypto health warning after receiving many complaints from South African victims of crypto scams. In the warning, the FSCA reminds prospective investors that crypto-related investments are currently not regulated.
2021-2-6 22:30 | |
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First, it was India, now South Korea has taken a positive step towards cryptocurrencies. The recent amendment of the Act on Reporting and Use of Specific Financial Information passed today during a session of the National Assembly, which officially allows crypto trading and holding.
2020-3-6 21:03 | |
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The South Korean government is making plans to implement a 20 percent crypto taxation policy on income and profits made from crypto trading and transactions. 20 Percent Crypto Tax Coming to South Korea According to reports from PulseNews, the South Korean government is making plans to implement a new crypto tax policy on gains fromRead MoreRead More.
2020-1-20 16:00 | |
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South Korea’s national policy committee has passed an amendment establishing a legal framework for cryptocurrencies. It requires crypto exchanges and service providers to register with the country’s financial regulator and comply with the recommendations set by the Financial Action Task Force.
2019-11-27 09:20 | |
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Major South Africa’s crypto exchange Luno continues growing, having operated more than $5 million worth of crypto in August
2019-9-11 16:03 | |
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South Korea will allow the city of Busan to relax some crypto restrictions in order to become a blockchain testbed.
2019-8-2 17:30 | |
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A pan-governmental meeting was made in South Korea recently in order to monitor more closely the crypto market of the country. According to reports from KBS World Radio, a local broadcasting station in the country, one of the reasons why the meeting was proposed was to discuss the market after the prices of crypto started […]
2019-5-29 08:33 | |
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South Korean Government Works On Crypto Regulations Due To A Growing Crypto Market South Korea, one of the most active countries in the crypto market, could be working on new regulations for the cryptocurrency market as it continues to expand.
2019-5-28 20:54 | |
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A South Korean pan-governmental meeting has reportedly been held to establish closer monitoring of the country’s crypto space amid the recent sharp uptick in crypto valuations
2019-5-28 13:51 | |
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Samsung is not the only South Korean company embracing crypto - as LG, Hyundai and others spearhead wider crypto adoption in the country.
2019-5-4 16:00 | |
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South African central bank has issued a jointly developed consultation paper, revealing that it does not intend to ban crypto
2019-1-18 01:50 | |
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South Africa May De-anonymize Bitcoin Per an article from Business Insider’s South Africa-based branch, the Reserve Bank (Sarb) will be releasing a “policy paper” regarding Bitcoin (BTC) and the broader crypto ecosystem in the coming months.
2019-1-17 06:04 | |
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The South Korean financial watchdog, Financial Services Commission (FSC), has created the Financial Innovation Bureau to oversee and nurture the crypto sector as part of the fourth industrial revolution.
2018-7-20 21:00 | |
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South Korea’s top financial regulator recently told 23 other countries’ regulators that the kimchi premium has fizzled since the anonymous trading of cryptocurrencies was banned in the country.
2018-6-29 16:55 | |
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Brief history of crypto regulation in South Korea South Korea has been closely regulating the crypto industry. The demand for crypto was so high that cryptocurrencies were traded at prices more than 30 percent higher than in other countries.
2018-6-29 16:34 | |
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Not Really Your FaultPhone Porting Pretty basic: Scammers hijack people’s mobile accounts by calling their carriers and impersonating them. The thieves get their victims’ numbers transferred to new devices and ultimately gain access to crypto accounts.
2018-6-29 14:02 | |
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To approach the fourth industrial revolution, South Korea has to drop that ICO ban
2018-6-29 13:47 | |
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FOMO Moments Crypto land is in pain; Bitcoin Cash, EOS, Cardano and Monero are all hurting. The downward pressure has continued as the week draws to a close with markets plummeting further again today.
2018-6-29 08:04 | |
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South Korean crypto exchange Bithumb has announced the 11 cryptocurrencies stolen in last week’s theft and the amount of each coin missing. A compensation plan has also been unveiled for the equivalent value of the lost coins in an undetermined cryptocurrency.
2018-6-29 04:55 | |
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South Korea’s Financial Services Commission released new AML guidelines that require crypto exchanges to conduct proper customer ID due diligence
2018-6-29 21:55 | |
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Hacked South Korea crypto exchange Bithumb has lowered the estimated amount of money lost in the hack from 35 billion won (about $31 million) to 19 billion won (about $17 million), according to a support announcement Thursday, June 28.
2018-6-28 18:23 | |
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As previously reported by CoinDesk, Bithumb, one of the largest crypto exchanges in South Korea and the world by trading volume, was hacked on June 20 – an event that saw 35 billion Korean won ($31 million) in various cryptocurrencies stolen.
2018-6-28 16:50 | |
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One of the most controversial topics in the crypto industry, taxation, has yet to be settled by regulators. The industry has been kept guessing what policies regulators will eventually agree on, and with different regions and countries having very different outlooks on cryptocurrency, there is no telling what laws to anticipate. The South Korean crypto […]
2018-6-27 17:00 | |
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Banks in South Korea are now required to monitor all accounts held by crypto exchanges following a tightening of anti-money laundering measures.
2018-6-27 12:40 | |
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At the time, the popular South Korean cryptocurrency exchange tentatively announced a “cyber intrusion” that saw the loss of $40 million worth of cryptocurrencies. If that wasn’t enough, on June 20, Bithumb – South Korea’s largest by trade volume – also announced a major security breach in which $31 million was reported to be lost. No strangers to
2018-6-27 00:48 | |
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Koreans have been up in arms on social media ever since two popular South Korean crypto exchanges were hacked only weeks a part from each other.
2018-6-26 20:35 | |
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Insurance companies in South Korea are not very forthcoming in providing insurance for crypto exchanges in the country. Despite being the nation with the most prolific cryptocurrency users, exchanges and thriving digital assets business, insurance companies in South Korea are wary of providing coverage for Crypto Exchanges.
2018-6-26 19:06 | |
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Is it me, or has ‘South Korea’ become a byword for ‘poor cryptocurrency exchange security’? It seems that of late, cryptocurrency exchanges in South Korea are surrounded by security issues that are seeing very large-scale hacks take place, hacks that have allowed for the theft of tens of millions of USD worth of crypto-assets.
2018-6-26 16:30 | |
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Recently, we are seeing more and more news from Jersey, a British island situated off the south coast of England, wedged between northern France in the English Channel. Quite an idyllic location by all accounts, not that I’ve been myself.
2018-6-26 15:30 | |
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South Korea finally responded to recent rumors stating that it will impose a 10 percent tax on cryptocurrency trading profits. According to a recent report, the country’s Ministry of Finance had already denied the existence of such a taxation scheme.
2018-6-26 14:49 | |
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A new exchange from South Korea leaked critical information about 19 of its users, potentially putting some $620,000 worth of cryptocurrency at risk.
2018-6-26 09:00 | |
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Kraken’s CF Benchmarks achieves dominance in the crypto ETF market with $24 billion in reference data, gears up for expansion amid unprecedented demand surge. CF Benchmarks, a branch of the cryptocurrency exchange Kraken, is making big gains from this year’s…
South Korean regulators are proactively addressing the rise in crypto crimes by considering establishing a permanent investigative unit.
South Korea, a nation long enamored with cryptocurrency, is tightening its belt on the digital asset frontier. Faced with a surge in crypto-related crimes, the country is bolstering law enforcement and implementing its first-ever comprehensive crypto regulation, set to take effect in July 2024.
Crypto.com, a global crypto exchange, recently postponed its much-anticipated retail market expansion in South Korea, originally scheduled for April 29. This strategic decision came just six days before the planned launch, and according to the report, this delay is due to the company’s need for more comprehensive engagement with local regulatory bodies. Related Reading: South Korean […]
The Singapore-based exchange is postponing its expansion plans for South Korea, citing the need to communicate with regulators. The post Crypto .com postpones expansion plans for South Korea, talks with regulators appeared first on Crypto Briefing.
The firm maintains the "highest" anti-money laundering standards in the industry, it said in a statement to CoinDesk.
The South Korean won has surpassed the U.S. dollar as the leading currency for trading crypto worldwide.