Korean Crypto Market is ‘Pretty Dead’, Says Primitive Ventures Founder

2019-10-22 22:53

Korean traders have thrown in the towel, with crypto trading volumes visibly lower over the last few months. The Kimchi premium is now completely gone, and the slower volumes have wiped out the markets for multiple altcoins.

Korean Traders Lose Taste for Risk Dovey Wan, the co-founder of PrimitiveCrypto, has commented on the outflow of traders, as the Korean markets show a serious case of crypto fatigue. Korea market is pretty dead … even with

The post Korean Crypto Market is ‘Pretty Dead’, Says Primitive Ventures Founder appeared first on Bitcoinist. com.

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korean crypto traders dead market pretty says

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Источник: bitcoinist.com

korean crypto → Результатов: 126

Kimsuky hacking group targets South Korean crypto firms with new malware — report

North Korean hackers deploy new 'Durian' malware to target South Korean crypto firms, with potential links to the notorious Lazarus Group uncovered. The post Kimsuky hacking group targets South Korean crypto firms with new malware — report appeared first on Crypto Briefing.

2024-5-14 10:09	Hacks
korean crypto firms new malware group south

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Crypto scandal hits South Korea as executives accused of $2.2m scam

Four employees of South Korean crypto exchange Coinone have been indicted for allegedly employing illegal methods to amass profits exceeding 2.98 billion Korean won.

2023-5-23 23:02
korean crypto south billion employing allegedly won

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Crypto Exchange FTX Explores Purchase Of South Korean Competitor Bithumb

Per a report from TheBlock, the popular crypto exchange FTX is exploring the potential purchase of Bithumb. The South Korean platform will engross the list of the Sam Bankman Fried company’s recent acquisitions.

2022-7-23 23:54	FTX
korean crypto exchange south bithumb ftx purchase

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Bithumb Joins Forces With Other South Korean Crypto Exchanges Against Money Laundering

South Korean crypto exchanges set up a “hotline” to prevent money laundering.

2019-1-29 22:23	wallets and exchanges
korean crypto money laundering south exchanges hotline

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This S. Korean Association Approved 12 Local Exchanges. New Money Expected in the Crypto Markets

Any crypto-enthusiast or crypto-trader who was active around January this year, can attest to the fact that South Korean crypto-trading made up the bulk of the action in the crypto-markets. But as soon as the government officials in the country started hinting at a complete ban on crypto-trading around late January, the crypto-markets were never […] The post This S.

2018-7-14 10:41	Upbit
korean crypto crypto-markets january crypto-trading around markets

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Korea Blockchain Association (KBA): 12 Crypto Exchanges Pass Security Checks, 11 Fail

12 Korean Crypto Exchanges Pass Self Regulatory Probe The Korean Blockchain Association (KBA) just announced the results of a self-regulatory review of Korean exchanges, stating that all exchanges assessed fulfill the minimum requirements established by KBA in April 2018.

2018-7-13 22:16	News
korean kba exchanges association blockchain crypto pass

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South Korea Blockchain Association Got Under Fire After Approving 12 out of 12 Crypto Exchanges

The biggest self-regulatory cryptocurrency body is under scrutiny of Korean industry for its investigation principles affirming 12 out of 12 digital trades screened in a recent self-administrative drive.

2018-7-13 21:41	News
under out crypto south approving exchanges korea

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Only 12 out of 23 Korean Crypto Exchanges Pass Probe – Inspector Under Fire

The self-regulatory inspection of South Korean cryptocurrency exchanges is complete. Fourteen out of 23 exchanges agreed to be inspected. Twelve met the self-regulatory standards despite security flaws, raising questions of how effective the inspection is.

2018-7-13 21:51	Virtual Currency
exchanges pass korean crypto out self-regulatory inspection

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Korean Legislators Urge for Crypto, ICO, Blockchain Regulations - Report

Lawmakers in South Korea have disclosed draft bills regulating digital currencies, coin offerings and blockchain.

2018-7-13 17:16	News
blockchain regulating bills disclosed draft digital offerings

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South Korean Regulators to Introduce New Rules for Crypto and Blockchain

South Korean lawmakers are to present drafts of bills aimed at developing new rules for crypto, blockchain, and ICOs in the country

2018-7-12 03:46	Government
crypto blockchain south rules new korean developing

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New Crypto Laws Proposed by Korean Political Parties

South Korea’s National Assembly is reportedly set to witness a whirlwind of legislative efforts around cryptocurrencies in the coming days. Between July 13 and 26, members of a number of Korean political parties are expected to submit bills focused on regulating cryptocurrencies, initial coin offerings and blockchain, according to a report from The Korea Times. While

2018-7-12 23:33
korea cryptocurrencies parties korean political expected submit

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Crypto Security: 12 Korean Exchanges Pass Self-Regulatory Check with Flaws

Hacked Bithumb as well as OKCoin Korea, Huobi Korea and Coinone met general standards but passed cybersecurity self-regulatory requirements at a minimum level with a big gap in their results.

2018-7-12 21:07	News
self-regulatory korea standards general cybersecurity passed requirements

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Report: Korean Political Parties to Propose New Crypto Laws

Lawmakers in South Korea are said to be racing to make laws to regulate the sector.

2018-7-12 20:30
laws said racing make sector regulate korea

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EOS, Litecoin, Tron, IOTA, Stellar Lumens Technical Analysis: Altcoins Bleeding Under Bear and Hackers Attack

Crypto exchanges-regardless of their database location-are having a rough time with hackers. After several South Korean and Japanese attacks, Bancor got exploited and $12. 5 million worth of BNT was used to withdraw ETH.

2018-7-11 03:02
eos iota hackers litecoin tron attack stellar

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Korean Government Criticized for Crypto Exchange Hacks, Upbit Denies Hack Rumor

The South Korean government has been criticized for not doing enough to help prevent hacking at cryptocurrency exchanges. Data obtained by the regulators show that three crypto exchanges were hacked, with damage of almost $1 billion, after having gone through an inspection by the government.

2018-7-11 22:20
crypto government korean upbit exchanges criticized denies

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South Korean Banks Hold $1.79B in Crypto Portfolio December 2017 - BOK

South Korea’s central bank said the cryptocurrency portfolio of domestic banks remains low at $1.79 billion as at December 2017.

2018-7-10 09:12	News
december 2017 south portfolio banks cryptocurrency domestic

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Bitstamp Crypto Exchange & Korean Gaming Firm Nexon Linked in Paperwork

Public Filings Link Bitstamp To Korean Gaming Firm Nexon Following months of rumors regarding the sale of Luxembourg-based cryptocurrency exchange Bitstamp to video game developer Nexon, public filings released in late May establish the strongest link yet.

2018-7-9 19:26	News
nexon bitstamp link filings rumors public gaming

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Crypto Exposure of Korean Market “Limited,” C-Bank Says

A BOK report deems the risk to South Korea's cryptocurrency market small given that digital asset investments in 2017 were relatively small despite the jump in digital coin prices last year.

2018-7-9 12:29	News
digital market small investments asset 2017 relatively

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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.

2018-7-9 10:44	News
banks assets south central billion reporting local

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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.

2018-7-9 09:46
crypto bank korea report new policy view

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Game Filings Link Crypto Exchange Bitstamp for Maker Nexus

Public filings released in late May establish the strongest link yet between Bitstamp and Korean gaming firm Nexon, which was rumored to have bought the cryptocurrency exchange earlier this year. Word of the acquisition also came months after Nexon bought a majority stake in crypto exchange Korbit for roughly $80 million in September 2017. Business

2018-7-9 09:26
exchange bought nexon bitstamp filings crypto link

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Filings Link Crypto Exchange Bitstamp to Game Maker Nexon

Public filings released in late May establish the strongest link yet between Bitstamp and Korean gaming firm Nexon.

2018-7-9 07:00
bitstamp nexon filings link yet strongest firm

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Korean Banks are Holding Nearly $2 Billion in Crypto Like Bitcoin and Ethereum

Yonhap, a mainstream media outlet in South Korea, reported that commercial banks in the country are holding nearly $2 billion worth of cryptocurrencies. The post Korean Banks are Holding Nearly $2 Billion in Crypto Like Bitcoin and Ethereum appeared first on CryptoSlate.

2018-7-9 03:36	South Korea
billion holding nearly banks korean ethereum crypto

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Korean Banks Held $1.79 Billion in Crypto During the 2017 Bull Run

Yonhap, a mainstream media outlet in South Korea, reported that commercial banks in the country are holding nearly $2 billion worth of cryptocurrencies. The post Korean Banks Held $1.79 Billion in Crypto During the 2017 Bull Run appeared first on CryptoSlate.

2018-7-9 03:36	South Korea
banks billion 2017 run korean during held

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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.

2018-7-9 01:49
bank market korean south local korea july

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Korean Financial Authorities Draft Policies to Help Grow Crypto Industry

Financial authorities in Korea will ease regulations on crypto-based assets in attempts to line-up with policies brought forth by the G20 nations and foster growth in the industry. Korea Establishes “Unified Regulations” The new polices are “unified regulations” that relate to “all activities” of Korea’s cryptocurrency exchange operators — a country that has a huge.

2018-7-7 00:00	South Korea
regulations industry korea policies authorities financial crypto

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South Korea legitimizes Blackheine business with major new classification standards

The South Korean government is drafting major new industry classification standards for the domestic blockchain industry, local crypto news outlet The BChain reports Thursday, July 5. The scheme will reportedly serve as a basis for policy making, notably aimed towards “blockchain promotion and regulatory frameworks,” and covers areas including blockchain systems construction, decentralized applications (DApps)

2018-7-5 19:23
blockchain standards industry new classification major south

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Korean Authorities Investigating Personal Data Security of Crypto Exchanges

The Korean Communications Commission (KCC) and the Korean Internet & Security Agency (KISA) will be launching a joint probe into crypto exchange operators’ handling of personal data, Chosun news reports Monday, July 2.

2018-7-3 02:32	Cryptocurrency News
personal security korean crypto data authorities investigating

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Korean Specialists to Test Crypto Exchanges’ Taking care of of Individual Data

Two Korean watchdogs have announced a joint probe into crypto exchange operators’ handling of personal data, local news outlet Chosun reports Monday, July 2. The probe will reportedly check the status of technical and administrative protection measures related to users’ personal data – covering data access control measures, anti-tampering measures, personal data encryption, and malware

2018-7-2 20:12
data personal measures probe korean crypto technical

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Korean Authorities to Probe Crypto Exchanges’ Handling of Personal Data

Korean authorities, the KCC and KISA, have announced a joint probe into crypto exchange operators’ handling of personal data together with third party service providers

2018-7-2 18:30	Cryptocurrency Exchange
data korean handling personal authorities probe crypto

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Korean Messaging App Kakao to Raise Funds for Crypto Move

The company behind Kakao, the most popular messaging app in South Korea, has suggested it will do a private placement next month to raise money for a crypto platform. The platform will be separate from the messaging app due to concerns over the lack of ICO regulations, Bloomberg reported on June 28.

2018-7-2 05:30	Telegram
messaging app crypto raise kakao korean platform

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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.

2018-7-1 14:49	South Korea
south new cryptocurrency financial supportive crypto regulations

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Bithumb Finally Disclose Full Details Of Recent Hack

Bithumb, the South Korean cryptocurrency exchange are no strangers to being hacked. With this in mind, they have developed quite the approach for dealing with the hacks, so I guess in this respect, at least they are now quite experienced in dealing with their customers best interests in the wake of such events.

2018-7-1 11:00	Exchanges
bithumb dealing quite details full finally disclose

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Its Stance on Crypto To Become Blockchain Haven South Korea Reviews

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
crypto south korea higher percent were traded

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Bithumb Reveals 11 Cryptocurrencies Lost and Plan to Compensate Customers

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	XRP
plan bithumb crypto lost cryptocurrencies reveals customers

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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

2018-6-29 21:55	Cryptocurrency Exchange
south aml guidelines financial crypto exchanges diligence

224 +

How to retrieved $14 million hacked cryptos

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	XRP
bithumb hacked crypto million cryptocurrencies various korean

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Contradictory Reports Emerge on Crypto Taxation in South Korea

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	South Korea
crypto regulators industry different taxation south very

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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.

2018-6-27 12:40	Republished
crypto accounts exchanges all monitor held following

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What Koreas Crypto scene is saying

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	South Korea
south million announced lost korea largest strangers

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Korea's Exchange Hacks: What the Country's Crypto Scene Is Saying

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
crypto korean exchanges south popular ever since

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South Korean Insurers Wary of Cryptocurrency exchanges

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	South Korea
exchanges south insurance cryptocurrency wary providing many

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The Next South Korean Cryptocurrency Exchange Tangled In Security Drama

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	Exchanges
security cryptocurrency south exchange hacks latest korea

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South Korea’s Ministry of Finance Says 10 Percent Crypto Tax Not True

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	Cryptocurrency
percent south tax korea cryptocurrency finance crypto

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Crypto Exchanges Struggle to Get Insurance After Recent Hacks

The Korean Blockchain Association thought it was offering a win-win scenario to insurers when it previously held a briefing session to select a preferred carrier. It was offering insurance companies a package that included numerous exchanges while using that group to negotiate the best plan for its members, but due to the cost of recent hacks on.

2018-6-26 13:00
recent hacks insurance exchanges offering crypto get

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Brian Kelly & Charlie Lee “Bitcoin Is Still Bullish”

Despite the recent hack on Bithumb, in which over $30 million worth of cryptocurrencies was culminated by the hackers, Brian Kelly and Charlie Lee remain ‘bullish’ on Bitcoin. This week, the South Korean exchange, one of the largest cryptocurrency exchanges, Bithumb was hacked which led to the theft of $31 million virtual currency’s.

2018-6-24 22:30	Breaking News
brian bitcoin kelly charlie bullish lee million

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Are Centralized Exchanges Breaking the Crypto Promise?

Exchange hacks are becoming the new normal. Just two weeks after Conrail’s $37. 2 million hack, it was time for Bithumb’s $31 million hack, with the difference being that Bithumb is the world’s sixth largest cryptocurrency exchange based on CoinMarketCap data, far larger than Coinrail.

2018-6-24 23:00
exchange million hack bithumb suffering bankruptcy coinmarketcap

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Litecoin Founder Remains Optimistic Despite Recent Bithumb Hack

Charlie Lee, the developer behind the world’s sixth-largest cryptocurrency, Litecoin, believes the price of Bitcoin and other cryptocurrencies will recover “fairly soon”. Lee shared his thoughts on the current bear market, what developments in the industry excite him the most, and the recent hack on Bithumb, the South Korean crypto exchange. The hack does not […]

2018-6-24 21:00	SegWit
hack lee recent bithumb litecoin developments market

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Bitcoin Magazine’s Week in Review: Fortunes and Fallacies

This week, leading South Korean crypto exchange Bithumb experienced a major hack, while Mt Gox, the most notorious exchange to be hacked in bitcoin history, is also back in the news.

2018-6-24 20:05
bitcoin blockchain your exchange cryptocurrency creditors new

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Crypto Scandal: Korean Celebrities Involved In Coin Fraud Allegations

An allegation of a crypto scandal has shaken the entertainment industry in South Korea. Local reports inform of an alleged coin fraud committed by an important blockchain platform in the country and involving popular figures in the Korean entertainment business.

Over 60 Crypto Exchanges In South Korea To Suspend Operations From Next Week

The Financial Services Commission (FSC) in South Korea has set a deadline for foreign and local crypto exchanges to register as legal trading platforms. The financial watchdog has set a September 24 deadline for exchanges to comply.

South Korean Banking Association Concerned Over Surge of the Altcoin Trading Frenzy

A banking association in South Korea recently added weight to regulatory discussions across the country, raising concerns about the high altcoin trading volume. The Korea Federation of Banks (KFB) requested its members to audit trading volumes through their crypto exchanges’ customers’ altcoin activity.

South Korean Police Raid Crypto Exchange Allegedly Involved in a $214M Multi-Level Marketing Fraud

Authorities in South Korea have launched a major raid against a domestic crypto exchange allegedly involved in a millionaire multi-level marketing (MLM) fraud. The police accuse V Global platform of running an illicit operation that reportedly stole hundreds of millions of dollars from investors.

All 200 Cryptocurrency Exchanges Could Be Shut Down Under New Regulation in South Korea, Regulator Warns

The chairman of South Korea’s top financial regulator, the Financial Services Commission (FSC), Eun Sung-soo, has warned that all of the cryptocurrency exchanges in the country could be shut down.

South Korean Government Seeks to Regulate International Remittances Related to Crypto ‘Kimchi Premium’

The famous gap in cryptocurrency prices in South Korean crypto exchanges and overseas ones known as “kimchi premium” raises some concerns among the nation’s government. The latest reports suggest that the country is planning to regulate international remittances tied to kimchi premium-driven transactions.

South Korean Government Announces Crackdown on Illicit Crypto-Related Transactions in an ‘Overheated Market’

Adding to the South Korean cryptocurrency industry’s stricter regulations, the central government is focusing on the “crackdown” of illegal crypto transactions. A meeting over the week held with high-ranked politicians resulted in a campaign that will soon be deployed.

2019-10-22 22:53

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