2021-6-15 19:27 |
Stringent regulatory policies in South Korea could force many small- and medium-sized crypto exchanges out of the country.
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South Africa’s Intergovernmental Fintech Working Group (IFWG) has a released new position paper that calls for the regulation of the country’s cryptocurrency ecosystem. In the document, the IFWG, which is a creation of the South Africa Reserve Bank (SARB), recommends “a staged approach to bring crypto-assets within the regulatory remit through the regulation of crypto […]
2021-6-13 08:30 | |
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Crypto regulation is gaining traction by the day, and the latest is in the Asian nation South Korea. ‘Bicycling’ Creates ‘Conflict Of Interest’ The top regulatory body of the South Korean financial market, the Financial Services Commission, is bringing to an end the practice of ‘bicycling' by crypto exchange operators, per reports from a local […] The post South Korea’s FSC Looks to Rein In Cryptocurrency With Cross Trading Ban first appeared on BitcoinExchangeGuide.
2021-6-7 20:32 | |
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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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South Korea has asked exchanges to comply with regulatory requests. Should the exchanges complete the process in June, the country’s first regulated exchange could launch in Q3 2021. The post South Korea’s First Regulated Crypto Exchange Could Launch in Q3 appeared first on BeInCrypto.
2021-5-31 10:45 | |
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After some confusion, South Korea’s government has laid out which state and regulatory bodies are charged with the oversight of various aspects of crypto-related activities.
2021-5-28 13:54 | |
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As cryptocurrency regulation heats up worldwide, South Korean officials have been increasing regulatory discussions concerning the swelling crypto economy. While digital currency markets like bitcoin have tumbled in value in recent times, global crypto market prices have increased across the board on Monday.
2021-5-24 17:54 | |
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Per Bloomberg, cryptocurrency exchange Huobi began blocking its Chinese customers from being able to access some of their services. When China banned crypto exchanges back in 2017, Huobi moved its operations overseas to Hong Kong, Singapore, and South Korea, among others.
2021-5-24 21:06 | |
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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.
2021-5-12 10:00 | |
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As the South Korean government keeps strengthening the harsh rhetoric against cryptocurrencies, citizens have become increasingly angry due to the recent words from regulatory authorities. Over the weekend, petitions started to appear on the web, seeking the removal of the head of the country’s Financial Services Commission (FSC).
2021-4-28 11:30 | |
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CryptoNinjas » Uppsala aids Bithumb exchange fraud victim in complete recovery of stolen crypto Uppsala Security, a provider of tools for crypto AML, risk management, regulatory compliance, and cybersecurity, has announced that in cooperation with Bithumb — a South Korea based bitcoin and cryptocurrency exchange, it has helped a victim to recover approximately 20 million KRW ( around USD $18,000) by timely identifying the suspect of a virtual asset […] CryptoNinjas » Uppsala aids Bithumb exchange fraud victim in complete recovery of stolen crypto
2021-4-27 04:23 | |
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South Korea’s crypto-sphere has been witnessing a volatile environment in terms of regulatory moves, as bitcoin prices and other altcoins are also having wild moves. Such a scenario hasn’t stopped the country’s middle class to profit from the crypto market, even with very successful stories.
2021-4-24 07:30 | |
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South Korean regulatory authorities recently met to discuss a clampdown on illegal cryptocurrency transactions in the country. The focus of the discussion is the potential use of cryptocurrencies in money laundering as well as the volatility of digital assets.
2021-4-19 15:08 | |
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South Korea has seen a dramatic increase in crypto-investments lately. Unlike in the U.S, South Korean regulatory bodies had initially kept themselves from intervening in the digital asset ecosystemThe post Bank of Korea Governor becomes latest to attack crypto-assets' 'limitations' appeared first on AMBCrypto.
2021-4-17 07:00 | |
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CryptoNinjas » Uppsala to provide crypto AML solution for South Korean exchange Coin&Coin Uppsala Security, a provider of cybersecurity tools for crypto AML, risk management, and regulatory compliance, announced today the signing of a contract to build a ‘Virtual Asset AML’ solution for crypto exchange Coin&Coin that complies with the amendment of the Special Money Act in South Korea.
2021-4-7 22:40 | |
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South Africa’s Inter-governmental Fintech Working Group (IFWG) recently accepted Mercury FX, a UK-based e-money firm, into the first cohort of its regulatory sandbox. The firm, which harnesses the Ripplenet blockchain, says it wants to demonstrate its technology’s ability “to shorten the money transfer window to only minutes.
2021-4-5 15:30 | |
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Cryptocurrency exchange OKEx has announced it will be shutting down its South Korea operations amidst the implementation of strict anti-money laundering regulations in the country. OKEx says it’s not willing to comply with the new law Apart from the regulatory concerns, OKEx says the company took the winding down decision because the actual profit from […] The post New regulations forces OKEx South Korea to close operations appeared first on Invezz.
2021-3-25 12:58 | |
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OKEx cryptocurrency exchange has said it will terminate its South Korea-based business, following the introduction of an updated Anti-Money-laundering (AML) in the country. The exchange’s spokesperson said OKEX chose to resign rather than try to fight the tough regulatory regime which would make it impossible to continue operating in South Korea. “OKEx Korea service has […]
2021-3-24 16:53 | |
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OKEx Korea announced that it's shutting down as South Korean authorities prepare to enforce a new regulatory framework for the crypto industry on Thursday.
2021-3-24 12:48 | |
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The arrival of crypto-assets in Africa was seen as the end of financial exclusion in a continent that has remained in the dark ages for so long. With cryptocurrencies making it possible for retail investors to dictate how they spend their money and what they get in return, the continent quickly embraced the industry.
2021-3-10 20:19 | |
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South African crypto firms are threatening to move operations abroad if lawmakers don’t provide clear regulatory guidelines.
2021-3-9 08:31 | |
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South Korean financial watchdogs are about to start overseeing crypto-related activities in the nation, and additional barriers for exchanges keep appearing. Moreover, one of the South Korean regulatory bodies codified the measures announced last year on privacy coin listings.
2021-2-23 01:00 | |
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South Africa’s regulatory body, the Financial Sector Conduct Authority (FSCA) like other global regulators, has warned citizens to be wary of crypto investment schemes that sell hyperbolic returns on investment (ROI) amid crypto’s bull run.
2021-2-5 02:00 | |
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The Financial Sector Conduct Authority is demanding tighter regulatory control over cryptocurrency.
2021-1-27 13:17 | |
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South Korea’s National Assembly has approved the postponement of the country’s 20% cryptocurrency tax enforcement until early 2022. This conclusion was reached after recent regulatory talks concerning the amendment of several tax laws in the country.
2020-12-1 13:34 | |
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Australia’s New South Wales Treasury Department has released a research paper looking into the regulation of blockchain and another emerging tech. According to the city’s authorities, catching up with the rapid technological progress could save New South Wales a significant amount of money in compliance costs.
2020-7-29 21:39 | |
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The New South Wales Treasury is exploring regulatory reform for blockchain technology citing the need to promote innovation.
2020-7-28 12:45 | |
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South Korea’s central bank, the Bank of Korea (BOK) has set up a legal advisory committee that will look into any possible regulatory roadblocks when issuing its planned central bank digital currency (CBDC).
2020-6-16 19:07 | |
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Against a grim macro outlook, there was some good regulatory news last month. A French court ruled that bitcoin is a legally recognized currency. The Indian Supreme Court overturned India’s crypto banking ban, and South Korea has now fully legalized crypto assets within its borders.
2020-4-5 16:00 | |
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Following the approval of a regulatory framework for cryptocurrencies by the South Korean government, one of the largest banks in the country is preparing to launch a range of crypto services. KB Kookmin Bank has applied for trademark registration, reportedly listing over 20 crypto services on its application.
2020-3-28 11:30 | |
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ProBit Exchange welcomes the South Korean government act to legalize and regulate crypto. This decision will further solidify the current pioneers in the cryptocurrency exchange market as it will equalize the regulatory standing of Korean crypto exchanges.
2020-3-17 12:00 | |
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The cryptocurrency sector worldwide saw several historic regulatory events last week. In this roundup, we cover a landmark bitcoin ruling by a French court, South Korea’s first crypto bill, an Australian court’s ruling, Germany’s announcement, and a recent FATF meeting where more than 800 delegates discussed crypto regulations.
2020-3-10 05:00 | |
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Bithumb could invest over $8 million into South Korea’s regulatory free zone in Busan
2020-1-10 22:23 | |
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In this roundup, we cover several crypto-related actions by the U. S. Securities and Exchange Commission (SEC) and the New York regulator’s crypto job posting. We also cover new Chinese laws, South Korea’s tax clarification, India’s blockchain education, the IMF working with the Philippines’ central bank, as well as crypto regulatory developments in Turkey and Qatar.
2020-1-7 17:00 | |
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In this roundup, we cover several crypto-related actions by the U. S. Securities and Exchange Commission (SEC) and the New York regulator’s crypto job posting. We also cover new Chinese laws, South Korea’s tax clarification, India’s blockchain education, the IMF working with the Philippines’ central bank, as well as crypto regulatory developments in Turkey and Qatar.
2020-1-7 17:00 | |
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Some major regulatory developments in the crypto space have transpired this week. Not only has Germany passed a bill allowing banks to sell and store cryptocurrencies, but South Korea and Thailand are also amending their laws to better regulate the crypto industry.
2019-12-3 16:40 | |
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The South Korean internet company Kakao is looking away from the financial application of blockchain technology to build a widely-used “killer app. ” The firm believes that the monetary use of the technology is still too fraught with regulatory issues to explore — for now.
2019-11-29 14:02 | |
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FNB Bank, which is one of the ‘big five’ South African banks, has decided to shut down accounts owned by crypto exchanges in the country. However, the bank was quick to note that should the country implement clear-cut cryptocurrency regulations, it might reverse the policy.
2019-11-21 22:42 | |
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ZA Bitcoin exchanges unfazed as bank moves to end support
2019-11-21 12:38 | |
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While Asia is seen as the hotbed for cryptocurrency trading, the fiat conversion does not comply. Countries like Japan, Singapore and South Korea were seen as prime avenues for cryptocurrency trading.
2019-10-22 20:30 | |
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Bitfinex’s exchange parent company, iFinex Inc, recently filed a discovery application in South Carolina’s District Court in a dispute over its $880 million funds held by Crypto Capital. The past year’s regulatory pressures have been a big challenge to crypto players and now trickle-down effects are being experienced within the digital asset economy. Crypto Capital […]
2019-10-21 18:31 | |
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The South Korean division of Malta-based digital asset exchange OKEX has suspended the delisting of two privacy-oriented cryptocurrencies due to new regulatory guidelines released by the Financial Action Task Force (FATF). The planned suspension of...
2019-10-11 11:19 | |
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South Korea’s regulatory authorities have strongly favored backing blockchain-related projects over decentralized cryptocurrencies. Some recent events confirm that the nation’s government is more supportive of distributed ledger technology (DLT) itself rather than speculative tokens. Around...
2019-10-6 15:54 | |
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Are 97% of Korean exchanges really on the verge of closure? Banks have been putting pressure on local players, but recent developments show the situation can finally change
2019-10-7 12:30 | |
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South Korean bitcoin exchange giant Bithumb is seeking to enter the Indian market with talks lined up with relevant government agencies about the matter. Bithumb Set to Partner with Indian Bitcoin Exchanges According to The Economic Times of India, Bithumb wants to partner with local bitcoin exchanges in the country in setting up a regulated platform.
2019-10-3 10:59 | |
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While India awaits the Supreme Court’s decision over the Reserve Bank of India’s banking ban, South Korean Bithumb Global has been planning to expand on Indian shores. The South Korean exchange will be building a regulated exchange in the country, according to reports.
2019-10-3 09:30 | |
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Recently, popular South Korean exchange OKEx was in the news after it delisted all its privacy coins, including Monero [XMR], Zcash [ZEC], and DASH [DASH], along with several others. UpBit followed suit, delisting several privacy coins as well.
2019-9-25 14:30 | |
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South Korean Blockchain projects are ditching the domestic market due to regulatory headaches, mainstream media report. South Korean Blockchain Projects Look Abroad Referencing a range of industry experts on August 18, local news outlet Business Korea noted the increasing tendency for Blockchain projects born in South Korea to seek out easier funding overseas.
2019-8-20 18:00 | |
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Jeju, a small island south of Seoul, is redoubling its efforts to become South Korea's regulation-free Bit-Island after losing out to Busan.
2019-8-16 18:00 | |
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South Korea has become one of the world’s most well-established blockchain and cryptocurrency pioneers in recent years. With significant strides taken to adopt the nascent sector, despite some contentious regulatory actions, the forward-thinking nation has set a unique standard for the world to observe and follow.
2019-8-9 03:10 | |
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Star Trek actor William Shatner is releasing an NFT collection Infinite Connections, filled with artwork with science and technology themes.
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