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South Korean Financial Regulator Maintains Negative Stance on Cryptocurrencies
The top financial regulator of South Korea doesn’t believe that cryptocurrencies and initial coin offerings (ICOs) have positive connotations. During the parliamentary audit sessions of the Financial Services Commission (FSC) at the National Assembly on Oct. дальше »
2018-10-18 16:59 | |
China’s crypto exchange BTCC will launch trading services in South Korea next month
BTCC, China’s first Bitcoin (BTC) exchange, is set to launch trading services in South Korea, Korean business outlet The Investor reported on October 16. BTCC, which presently has headquarters in Hong Kong, will reportedly start beta services for trading in South Korea later this month and make its official debut in the market in November. […] дальше »
2018-10-22 12:05 | |
BTCC Launching Cryptocurrency Exchange in South Korea
Hong Kong-headquartered cryptocurrency exchange BTCC is reportedly launching services in South Korea this month. In addition to a cryptocurrency exchange, the company will offer a wallet service, a mining pool, and a consumer payments service, according to its Korean website. дальше »
2018-10-17 07:55 | |
Head of Korea’s Top Financial Regulatory Body Reaffirms Stance Against ICOs
On October 11, Chairman of Korea’s Financial Services Commission Choi Jong-koo reaffirmed his negative stance against virtual currencies and initial coin offerings (ICOs) in a statement given to Korea’s National Assembly. дальше »
2018-10-13 02:41 | |
South Korea Stands Firm: Won’t Legalize ICOs For Now
South Korea stood its ground on the matter of legalizing initial coin offerings (ICOs), reaffirming the ban that the country instituted last fall. ICO Ban Stands The Financial Services Commission (FSC) – South Korea’s top financial regulator — reaffirmed October 11 that the country will maintain its position on initial coin offerings and keep them outlawed. дальше »
2018-10-12 20:00 | |
South Korean Exchange Bithumb Sells To Singapore Investor For $353 Million
Bithumb, South Korea’s largest cryptocurrency exchange by volume, has sold to a Singapore entity with the aim of releasing new services and stablecoins. Officials Finalize Majority Stake Deal As Korean news outlet Naver reports October 12, BK Global Consortium paid 400 million won ($353 million) for a majority stake in Bithumb, having previously held a minority position in the company. дальше »
2018-10-12 10:30 | |
Korea’s Finance Regulator: We Should Not Equate Cryptos with Blockchain
South Korea’s top financial regulator on Thursday clarified that initial coin offering (ICO) issuance will remain banned despite the government’s inclination towards setting up a blockchain hub in Seoul. дальше »
2018-10-11 21:30 | |
Ripple (XRP) Defends 5 Week EMA Amid No Signs Of A Slow Down
Chart for XRP/BTC (1W) Ripple (XRP) has defended its 5 Week EMA. This is a clear message to all the critics out there calling Ripple (XRP)’s rally a pump and dump. RSI for the above weekly chart for XRP/BTC does seem to have neared the overbought range. дальше »
2018-10-9 18:30 | |
LG U+ Will Bring Blockchain-Based Payment Services to Overseas Customers
South Korean telecom company LG U+ revealed Sunday that it will be rolling out a new blockchain-based, cross-carrier payment system (CCPS) via partnerships with mobile carriers in Taiwan and Japan, according to The Korea Times. дальше »
2018-9-18 04:00 | |
Samsung Blockchain To Help Korea Gov’t Improve Services
Samsung SDS on Friday announced that South Korea’s Customs Service will use the company’s blockchain solutions to implement a decentralized customs clearance system. SDS is the company’s IT division that houses innovations such as Nexledger blockchain and biometric solution Nexsign. дальше »
2018-9-17 21:30 | |
Huobi Enters Japanese Market With BitTrade Acquisition
Huobi Japan Holding Ltd. has acquired a majority stake in Japanese cryptocurrency exchange BitTrade, marking the top-three exchange’s formal entry into the Japanese market. дальше »
2018-9-14 22:25 | |
Limited Services In Korean Banks For Crypto Investors
Seven months ago, the government in Korea brought in a new ‘crypto real-name system’ however, there is only up to 50% of accounts that have been converted into real-name ones, even in the top four cryptocurrency exchanges for Korea. дальше »
2018-9-11 13:00 | |
How ICON Partnered with Korea’s Biggest Insurance Firm to Develop Blockchain Apps
This past June, ICON, the most valuable blockchain project in South Korea, secured a strategic partnership with Kyobo Life, the country’s largest insurance firm alongside Samsung, to develop blockchain-based services. дальше »
2018-8-29 16:00 | |
South Korea Budgets Nearly $4.5B for Blockchain, Emerging Tech
South Korea is planning to invest nearly $900 million next year to accelerate the development of blockchain, artificial intelligence and other emerging technologies. дальше »
2018-8-17 22:56 | |
On a Path to Recovery: Bithumb Reopens Deposits and Withdrawals
Following a disastrous security breach in June that led to losses of more than $30 million, Korean cryptocurrency exchange giant Bithumb has announced that it is set to resume deposit and withdrawal services on its platform. дальше »
2018-8-4 21:48 | |
South Korean Regulator Compels Lawmakers to pass the crypto bill urgently
Regulation South Korea’s top financial regulator has urged lawmakers to pass the country’s first crypto bill quickly, citing the urgent need from rising incidents at crypto exchanges. Japan Confirms Entrance Into the Crypto Space Crypto Law Urgently Needed South Korea’s top financial regulator, the Financial Services Commission (FSC), has urged lawmakers to “pass the country’s дальше »
2018-7-28 11:06 | |
South Korean Govt Speeds up Legalising Crypto Market Bill
As the cryptocurrency industry reels under pressure due to the high number of crypto crimes and continued security threats, the Regulators urged the government of South Korea to bring in new legislation at the earliest. дальше »
2018-7-27 22:12 | |
South Korea’s Financial Watchdog Urges Lawmakers to Move Forward With Crypto Bill
Korea’s Financial Services Commission has urged lawmakers to hasten approval of the country’s first crypto bill
дальше »2018-7-26 21:30 | |
Bitcoin Has ‘Pretty Much Bottomed,’ Feels Investment Expert
Popular cryptocurrency investor and trader Mike Novogratz feels that Bitcoin (BTC) has bottomed. He also emphasized that custodial services and regulatory clarity are needed to bring institutional investors into the market. дальше »
2018-7-26 02:00 | |
South Korea’s Financial Innovation Bureau Will Legitimize Blockchain and Cryptocurrency
South Korean government officials are taking a very interesting stance on cryptocurrencies. Although they want to bring more legitimacy to this industry, it will need to happen through regulatory efforts first and foremost. дальше »
2018-7-24 19:00 | |
Crypto regulation agreement: A joint effort by South Korea and China
In a new initiative, South Korea is working towards an organizational change that would create a dedicated department for establishing and regulating crypto policies with the crypto regulation agreement. дальше »
2018-7-24 23:15 | |
South Korea to Establish Digital Currency Policy-Making Department
South Korea’s financial authority confirmed on July 19, 2018, the implementation of a policymaking department focused exclusively on blockchain technology and related domains. Rising Technology “Leads Financial Innovation” As reported on The Korea Times, the country’s Financial Services Commission decided after careful consideration of the burgeoning blockchain industry and a crucial need for regulation to […] The post South Korea to Establish Digital Currency Policy-Making Department appeared first on CryptoSlate. дальше »
2018-7-23 09:00 | |
South Korean financial regulator to fit cryptocurrency innovation in its new structure
According to Forbes, the Financial Services Commision [FSC], South Korea’s financial regulatory authority is looking to develop the cryptocurrency and blockchain space. The FSC plans to do this by restructuring itself to accommodate the existence of the Financial Innovation Bureau and to ‘proactively respond to financial innovation in the fourth industrial revolution era’. In a […] дальше »
2018-7-22 06:28 | |
Cryptocurrency division has been created by South Korea’s financial service commission
South Korea’s Financial Services Commission recently announced a “major organizational reshuffle” to help protect consumers and adapt to changing financial innovations. Part of the reorganization includes a new division to oversee the cryptocurrency sector. дальше »
2018-7-21 17:21 | |
South Korea’s Financial Services Commission Announces Creation of Cryptocurrency Division
South Korea’s Financial Services Commission recently announced a “major organizational reshuffle” to help protect consumers and adapt to changing financial innovations. Part of the reorganization includes a new division to oversee the cryptocurrency sector. дальше »
2018-7-21 14:00 | |
South Korea’s Finance Watchdog’s New Crypto Division
South Korea’s Financial Services Commission (FSC) has revealed it is setting up a department dedicated primarily to cryptocurrencies and blockchain. The FSC said the new department – dubbed the Financial Innovation Bureau – will focus on developing policy-making initiatives for the domestic blockchain and fintech industry, The Korea Times reported on Thursday. The decision to set up the дальше »
2018-7-20 21:30 | |
South Korean Regulator Launches Initiative to Improve Relationship with Crypto
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. дальше »
2018-7-20 21:00 | |
South Korea's Finance Watchdog Is Forming a Crypto Division
South Korea's Financial Services Commission has revealed it is setting up a department dedicated largely to cryptocurrencies and blockchain. дальше »
2018-7-20 18:30 | |
U.S. House Financial Services Committee Will Discuss if Cryptocurrencies are ‘The Future of Money’ Next Week
The U. S. House of Representatives Financial Services Committee announced today, July 12th, that it will be hosting a hearing titled “The Future of Money: Digital Currency” next Wednesday, July 18th. дальше »
2018-7-13 10:32 | |
U.S. House Financial Services Committee Will Discuss if Cryptocurrencies are ‘The Future of Money’ Next Week
The U. S. House of Representatives Financial Services Committee announced today, July 12th, that it will be hosting a hearing titled “The Future of Money: Digital Currency” next Wednesday, July 18th. дальше »
2018-7-13 01:41 | |
Cryptos Pose ‘Insignificant Risk’ to Financial Markets: Bank of Korea
One week after the Financial Services Commission (FSC) of South Korea said that it is “not opposed” to digital currencies, a Bank of Korea report claimed that cryptocurrencies do not pose a significant risk to the country’s financial system. дальше »
2018-7-10 16:19 | |
Cryptocurrency Ownership a Hurdle to Investment
Security Cryptocurrency analysts are increasingly arguing that the lack of custody services provided by leading players from within the finance industry pose a significant barrier to institutional investors seeking exposure to the cryptocurrency markets. дальше »
2018-7-10 10:30 | |
Crypto Custody Poses Barrier to Institutional Investment
Cryptocurrency analysts are increasingly arguing that the lack of custody services provided by leading players from within the finance industry pose a significant barrier to institutional investors seeking exposure to the cryptocurrency markets. дальше »
2018-7-10 08:05 | |
South Korea Sets up Cryptocurrency Regulations
The Financial Services Commission of South Korea has announced new cryptocurrency rules which will put the country on the world map. The new rules will allow better regulations in monitoring trading. дальше »
2018-7-2 15:58 | |
South Korea Unveils New Supportive Crypto Regulations
The South Korean Financial Services Commission (FSC) had released a new regulatory framework and Know Your Customer (KYC) and Anti-Money Laundering (AML) guidelines for cryptocurrency exchanges in the country. дальше »
2018-7-1 14:49 | |
More crypto regulation coming to south korea
According to the recent annoncement made by South Korea’s Financial Services Commission (FSC), the main financial agency of South Korea, the new anti-money-laundering and know-your-customer rules for crypto exchanges will come into force on July 10, 2018, and will be actual for one year. дальше »
2018-6-30 00:15 | |
South Korea Further Advances Crypto Regulation
South Korea’s Financial Services Commission has revealed its new anti-money-laundering and know-your-customer rules for for crypto exchanges. The post South Korea Further Advances Crypto Regulation appeared first on CoinSpeaker. дальше »
2018-6-29 21:32 | |
Bithumb Recovers Half of Stolen Funds From $31 Million Hack
Last week, Bithumb – one of South Korea’s largest digital currency exchanges – was hacked for $31 million in various cryptocurrencies. Announced on June 28, 2018, Bithumb confirmed the recovery of nearly half the stolen funds. дальше »
2018-6-29 10:57 | |
South Korean Financial Watchdog Releases Stricter AML Guidelines for Virtual Currencies
South Korea’s Financial Services Commission released new AML guidelines that require crypto exchanges to conduct proper customer ID due diligence
дальше »2018-6-29 21:55 | |
Korea Financial Regulator: Kimchi Premium is Gone, Cryptocurrency Market is Now Stable
Kim Yong-bum, the Vice Chairman of the Financial Services Commission and one of the main financial regulators in South Korea, expressed optimism towards the cryptocurrency market and the disappearance of the “Kimchi Premium” which exceeded 30% at the cryptocurrency market’s peak in December 2017. дальше »
2018-6-29 21:00 | |
South Korean Bithumb Exchange Loses $30M in Latest Cryptocurrency Hack
Hackers have reportedly made away with cryptocurrencies worth $30 million from Bithumb, South Korea's leading exchange, according to reports from a blog update. The exchange states that due to the hack, deposits and withdrawals will be temporarily suspended until further notice. дальше »
2018-6-20 20:25 | |
Crypto Exchange Bithumb prevents retreats after the $ 31 million hack
Bithumb, one of the largest cryptocurrency exchanges in South Korea by trading volume, is halting deposit and withdrawal services after hackers stole 35 billion won ($31 million) from the platform. The company said in an announcement today that the hack happened between late Tuesday night and early Wednesday morning local time. Although Bithumb has yet to дальше »
2018-6-20 13:29 | |
After a $31 Million Hack Crypto Exchange Bithumb Has Stopped Its Services
Bithumb, one of the largest cryptocurrency exchange in South Korea by trading volume, is halting asset deposit and withdrawal services after a hack that has stolen 35 billion won (or $31 million) worth of cryptos from the platform. дальше »
2018-6-20 07:02 | |
Report: Suspicious Transactions at Korean Exchange Coinrail Months Before Hack
Following the announcement by South Korean crypto exchange Coinrail that it has been hacked, a local publication reported that some banks had identified suspicious transactions at the exchange and stopped providing services to company months before the incident. дальше »
2018-6-13 03:40 | |
Kakao, Korean Government to Illuminate Social Issues with Blockchain
GroundX, the blockchain subsidiary of the South Korean messaging giant Kakao, has announced it will work with a government-backed agency to develop blockchain projects focusing on social and public services. дальше »
2018-6-12 18:02 | |