2021-6-15 13:00 |
South Korean regulators want banks to classify crypto exchange clients as high-risk while financial service institutions clamor for greater indemnity regarding potentially illegal activities of trading platforms. origin »
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In becoming a high-risk, high-yield playground for dollar investors, the cryptocurrency world sold its soul, says our columnist.
2020-9-9 21:30 | |
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We all know that banks make it difficult for blockchain businesses by denying them access to conventional banking services and accounts. Well now, it seems insurance firms are throwing a spanner in the works for cryptocurrency mining businesses in Africa.
2019-6-13 13:41 | |
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With All of Coinbase’s Listings, Is the Leading Bitcoin Exchange Becoming A Crypto Bank? The birth of Bitcoin happened in result to the actions of banks during the financial crisis over ten years ago.
2019-4-9 17:18 | |
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Bitcoin’s inception was a direct response to the banks which precipitated the financial crisis in 2007. These financial institutions issued high-risk sub-prime mortgages to individuals unable to make consistent monthly payments, used fractional reserve lending for extreme over-leverage, and facilitated a global crisis following the Lehman Brothers bankruptcy.
2019-4-9 21:26 | |
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Nordic banking giant Nordea Bank is allegedly implicated in a multi-million money laundering scandal. Reportedly, the case is related to another recent money laundering scheme involving Denmark’s Danske Bank.
2018-10-19 14:00 | |
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Upbit is inching toward a future Nasdaq debut thanks to a corporate tie-up involving Naver and Dunamu (a $14.5 billion equity exchange).
With Washington tightening the screws on North Korea’s crypto-funded nuclear weapons programme, South Korea says it’s open to rethinking its own sanctions playbook. During a recent interview, South Korean Vice Foreign Minister Kim Ji-na told local media that “coordination between…
Binance is facing renewed scrutiny from South Korean lawmakers after a parliamentary hearing this week reignited calls for the exchange to compensate victims of GOPAX’s failed GoFi deposit program. South Korean lawmakers are intensifying pressure on Binance to fulfill a…
Binance holds a 67% stake in Gopax, acquired in February 2023. A $4. 3 billion US settlement eased regulatory concerns in South Korea. Gopax faced a $47 million liquidity shortfall linked to Genesis Global Capital.
Binance is finally making progress with its South Korea re-entry after over two years of delay, as authorities have reopened their review of the exchange’s long-stalled takeover of local crypto exchange Gopax.
Hwang Jung-eum, a South Korean actress and K-drama star, was handed a suspended prison sentence for embezzling $3 million from her agency to invest in cryptocurrency. According to a report from local media outlet Korea JoongAng Daily, Hwang has been…
South Korean regulators have moved to quell a brewing risk in crypto exchanges. The new regime bans high-risk leveraged loans and institutes a strict 20% interest cap, citing serious concerns over investor protection and market stability. On September 5, South…