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Bank of Korea: Infamous ‘Kimchi Premium’ May Reappear in Bitcoin Markets
The Bank of Korea has warned that significant price differences between South Korean exchanges and those abroad, or the “Kimchi Premium,” may emerge in the coming years. Kimchi May Strike Back According to local outlet No Cut News, South Korea’s central bank cautioned officials of another “Kimchi Premium”-like situation if regulations and crypto trading frameworks […] The post Bank of Korea: Infamous ‘Kimchi Premium’ May Reappear in Bitcoin Markets appeared first on CryptoSlate. дальше »
2018-9-12 07:00 | |
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South Korean Crypto Exchange Bithumb Resumes New User Registrations
After renewing its contract with the Nonghyup Bank, Bithumb has resumed the facility of new user registrations starting today i.e. August 30. The post South Korean Crypto Exchange Bithumb Resumes New User Registrations appeared first on CoinSpeaker. дальше »
2018-8-30 12:30 | |
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Bithumb May Resume “Real Name” Account Creation
The Korean exchange, which has been unable to create new accounts after failing to find a partner bank, appears to be on the verge of an agreement with NH Nonghyup Bank.
дальше »2018-8-29 21:04 | |
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South Korea: Trading Volume Soars as Bithumb Reopens to New Customers
Major South Korean cryptocurrency exchange Bithumb has announced it will resume accepting new user accounts after resolving a dispute with its banking partner. Month-Long Impasse Ends As local news media outlet Yonhap reports August 29, Bithumb has come to an agreement with Nonghyup Bank, which in July stopped serving it, reportedly due to the exchange’s recent hack in which it lost over $30 million. дальше »
2018-8-29 16:00 | |
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South Korea’s KDB Bank Report Highlights North Korea’s Crypto Mining Activity
Korean Development Bank Report Shows North Korea’s Intent To Enter Crypto Industry Korea Development Bank has issued a recent report that shows local media sources confirming that North Korea has been mining for cryptocurrency. дальше »
2018-8-28 20:00 | |
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North Korean hackers are targeting cryptocurrency traders with fake software
North Korean hacking outfit “Lazarus” is now targeting cryptocurrency exchanges. Information security firm Kaspersky Labs has discovered it is exploring new attack vectors and trojanizing cryptocurrency software. дальше »
2018-8-23 16:05 | |
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Bitcoin Millionaire Tricked Into Exchanging $2.3 Million BTC For Forged Bank Notes
Being fooled into investing in a scam ICO, or in a broken cryptocurrency is heartbreaking, but being fooled into swapping your Bitcoin millions for fake banknotes takes it to a new level. According to new reports, one South Korean businessman has fallen victim of just that, a scam that involved his millions being swapped for €2 million worth of fake banknotes. дальше »
2018-8-20 16:00 | |
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Bithumb Resumes Deposit and Withdrawal Services – Upbit Reveals 127% Cash Reserves
South Korean exchange Bithumb has resumed deposit and withdrawal services for a number of cryptocurrencies after the recent hack. Another major Korean exchange, Upbit, has released an audit report showing more crypto and cash reserves than needed to pay customers. дальше »
2018-8-5 22:50 | |
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Bithumb Bank Freeze Causes 40% Trading Volume Decline, Reopens 10 Coins For Deposits and Withdrawals
Bithumb Trading Volume Drops 40% After Bank Freeze Trading volume in one of the most important cryptocurrency exchanges in the world has dropped 40% after three days since its temporarily stopped accepting new users. дальше »
2018-8-4 00:26 | |
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Bithumb Crypto Exchange Faces Bank Freeze and Halts New Accounts
Emerging cryptocurrency regulations are putting greater scrutiny on exchanges and companies worldwide. Starting August 1, 2018, Korean cryptocurrency exchange Bithumb will no longer issue new virtual accounts due to the failure to renew a banking contract. дальше »
2018-8-2 16:00 | |
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Korean Crypto Exchange Bithumb launches new virtual accounts
Exchanges Bithumb has suspended issuing new virtual accounts to crypto traders starting on August 1 after failing to renew the contract with its bank. Only three exchanges in the country are now reportedly able to open new virtual accounts for their customers. дальше »
2018-8-2 10:31 | |
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Korean Crypto Exchange Bithumb Suspends Opening New Virtual Accounts
Bithumb has suspended issuing new virtual accounts to crypto traders starting on August 1 after failing to renew the contract with its bank. These accounts are part of the real-name system enforced by the Korean government earlier this year. дальше »
2018-8-2 08:50 | |
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Bithumb looses bank support and halts new virtual accounts registration
South Korean cryptocurrency exchange Bithumb failed to renew its contract with the bank to service customers' accounts. Under current legislation, the exchange no longer has the right to open new accounts. дальше »
2018-8-2 22:55 | |
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South Korean Central Banks Own Nearly $2 Billion Worth In Crypto Assets Portfolio
It seems that the adaption for banks to be more accepting of cryptocurrency has taken their regulations a step further, joining in on these investments themselves. The central bank of South Korea has recently found success, reporting that local commercial banks had won $1. дальше »
2018-7-9 10:44 | |
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Korean Regulations: Policy Alteration, New Crypto Classic, Central Bank Report
While a new crypto classification system has been created, another government agency is conducting an on-site inspection of crypto exchanges following multiple hacks. In addition, the Bank of Korea has released a report with its view on using crypto as a means of payment. дальше »
2018-7-9 09:46 | |
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Bank of Korea: Crypto Has Low Risk to Local Finance MArket
According to South Korean central bank the Bank of Korea (BOK), the outstanding balance of virtual currency accounts in domestic banks totalled $1. 79 billion as of Dec. 2017, local news outlet Yonhap reported Friday, July 5. дальше »
2018-7-9 01:49 | |
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Korean Watchdog Tightens Rules on Crypto Exchange Bank Accounts
Banks in South Korea are now required to monitor all accounts held by crypto exchanges following a tightening of anti-money laundering measures. дальше »
2018-6-27 12:40 | |
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Digital currencies don’t perform as money – Bank of Korea
On Monday, the Bank of Korea [BOK] said that it has no plans of issuing Central Bank Digital Currency [CBDC] fearing ‘moral hazard to society’. The BOK is the central bank of the Republic of Korea, and is the sole authority that can issue the South Korean won. дальше »
2018-6-21 00:28 | |
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Tether Shows Law Firm Its Funds But Stops Short of an Audit
Tether has released a surprise “Transparency Update” that purports to show it has enough funds in the bank to cover the $2. 6 billion of USDT in circulation. The company has stopped short of a full audit, however, leaving critics bemoaning Tether’s inability to settle the solvency debate once and for all. дальше »
2018-6-20 21:10 | |
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Central Bank of Korea: “Digital Currencies Don’t Perform as Money”
In a report released today by the Korean Times, The Bank of Korea (BOK), the country’s central bank, issued a statement saying that they oppose the idea of issuing a central bank digital currency (CBDC). дальше »
2018-6-23 06:52 | |
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Korean crypto exchanges step up to aml compliace. Banks are burning out
Regulation 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 meet the guidelines for compliance. дальше »
2018-6-18 10:37 | |
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Top Korean Banks Work with Japan Bank Consortium to Modernize Cross-border Payments
The Japan Bank Consortium — a coalition of 61 banks in Japan, organized by SBI Ripple Asia — has announced the launch of a new Ripple pilot with Woori Bank and Shinhan Bank, two of South Korea’s largest banks with a collective market capitalization of more than $30 billion. дальше »
2018-6-17 12:50 | |
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