2019-6-17 10:36 |
Five cryptocurrency exchanges in South Korea, including Bithumb, have increased their liability to users in line with demands from regulators
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South Korea plans no-fault rules forcing crypto exchanges to fully reimburse users for hacks and IT failures, echoing bank-style protections. South Korean regulators are drafting legislation that would require cryptocurrency exchanges to fully compensate users for losses from hacks or…
2025-12-9 16:17 | |
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South Korea has set a new reserve requirement for crypto exchanges, mandating them to have at least $2.3 million in reserves. Cryptocurrency exchanges in South Korea with bank-issued real-name accounts will have to reserve 30% of their daily average deposits…
2023-8-29 10:20 | |
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Within few weeks, South African regulator has received large amount of license applications from crypto exchanges, and they keep flowing in
2023-7-4 16:00 | |
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South Korean prosecutors are probing crypto exchanges UpBit and Bithumb as part of the investigations into the transactions of lawmaker Kim Nam-kuk. Local media reported that the Seoul Southern District Prosecutor’s Office had seized Kim’s account information from the two exchanges to check his transaction history and funding source.
2023-5-15 17:52 | |
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South Korea’s ruling party has reportedly arranged an emergency meeting to take place Tuesday with representatives from the country’s five largest cryptocurrency exchanges. The authorities are expected to hold the...
2022-5-23 14:48 | |
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Like many other countries worldwide, the South Korean cryptocurrency industry has been facing major regulatory headwinds over the past few years. The country's regulators have recently tightened theirThe post South Korea crypto investors to report holdings in foreign exchanges appeared first on AMBCrypto.
2022-1-4 17:00 | |
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h2: 'Big 4' coin exchanges in South Korea stand strong 29 of the 66 South Korea-based crypto exchanges had rushed to meet a stipulated regulatory deadline on 24 September. Following this, the markeThe post 'Big four' South Korean crypto exchanges survive despite restrictions appeared first on AMBCrypto.
2021-9-26 19:30 | |
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South Korean exchanges have only a week to register and comply with new regulations that will soon come into effect. However, as predicted, the onset of new regulations will result in over 60 crypto-eThe post South Korea: With 60 exchanges set to close, here's what awaits investors appeared first on AMBCrypto.
2021-9-17 19:30 | |
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21 South Korean crypto exchanges out of 63 that applied have received the ISMS certification from authorities, which deems them as having met various protection standards. The post South Korean Crypto Exchanges Start Receiving Regulatory Compliance Certifications appeared first on BeInCrypto.
2021-8-26 13:06 | |
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The financial regulators in South Korea have asked the exchanges based outside the country to register with the anti-money laundering body if they were using the Korean Won. Eun Sung-soo, the ChairmanThe post South Korean regulators demand this from foreign exchanges appeared first on AMBCrypto.
2021-7-13 17:29 | |
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Bithumb is one of five South Korean bitcoin exchanges that has adopted a new directive which mandates that platforms be liable for losses whether not they occur due to negligence on the part of the operators.
2019-6-17 13:00 | |
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Five South Korean crypto exchanges have been forced to update their terms and conditions to accept liability for potential hacks and service issues.
2019-6-17 11:25 | |
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By CCN: Malaysia’s Securities Commission (SC) has registered three cryptocurrency exchanges allowing them nine months to achieve compliance with regulatory standards. Malaysia has been strict with its regulation of cryptocurrency exchanges previously.
2019-6-5 15:20 | |
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Nearly 50% of the global cryptocurrency traffic across various premier trading platforms such as Huobi, Bitfinex, OKEX, Kraken comes from Japan, America and South Korea. Crypto-centric traffic coming from China cannot be assessed with a lot of certainty since most altcoin enthusiasts in the region make use of VPNs that mask their identities and exact […]
2019-6-3 09:56 | |
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North Korean hackers have made a phishing attempt on users of the South Korean crypto exchange Upbit. News correspondents in Korea broke this development on May 29, 2019, detailing the ploy to steal Upbit users’ information.
2019-6-1 00:54 | |
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While the surge in bitcoin and altcoin prices has ushered in another wave of excitement into the cryptospace, South Korean authorities remain focused on managing local expectations surrounding the industry.
2019-5-29 15:00 | |
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On Sunday, Bitcoin [BTC], the King of the cryptocurrency market, reached its all-time high for the year, resulting in the entire cryptocurrency community rejoicing its rise. The coin rose to hit a high of $8947.
2019-5-28 03:25 | |
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The purpose of this infographic is to visualize the size of large cryptocurrency hacks that have occurred in the past as if they all happened today. The hacks included in this infographic extend beyond exchanges, as there were other large entities that experienced cryptocurrency hacks, such as marketplaces like Silk Road 2.
2019-5-25 21:56 | |
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Founded in 2013 by Leon Li, a former computer engineer at Oracle, Huobi Global is a digital asset and cryptocurrency headquartered in Singapore. Huobi also has local exchanges in South Korea, Japan, and through its strategic partner, the United States (also under the brand name Huobi).
2019-5-21 15:44 | |
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An average bitcoin investor in South Korea has dumped more fiat money than the one in other countries, reveals CryptoCompare. The London-based data analytics firm found that cryptocurrency exchange BitHumb has received over $16 billion worth of fiat money in April 2019.
2019-5-20 18:06 | |
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The shut down of a major crypto exchange in South Korea in April showed the impact a prolonged bear market could have on crypto businesses. 4 of South Korea’s top 5 exchanges recorded big net losses
2019-5-17 13:35 | |
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The shut down of a major crypto exchange in South Korea in April showed the impact a prolonged bear market could have on crypto businesses. 4 of South Korea’s top 5 exchanges recorded big net losses
2019-5-16 13:35 | |
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Bithumb, one of the largest and most popular cryptocurrency exchanges in South Korea, announced that it has launched a global exchange service that offers perpetual futures trading with 100x leverage.
2019-5-14 19:53 | |
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By CCN: The overwhelming majority of crypto traders come from the United States, according to surprising new research from DataLight. The firm analyzed traders using the top 100 Bitcoin exchanges and found that over 22 million users hail from America.
2019-5-6 03:00 | |
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ProBit Exchange loading up 4 IEOs for Origin, Unification, Guider, Nuvo on their successful IEO platform. As one of the top IEO platforms and global cryptocurrency exchanges, South Korea-based ProBit Exchange has been catching crypto community attention with multiple sellout IEO campaigns.
2019-5-3 12:15 | |
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A new research paper produced by DataLight has discovered that the United States, Japan and South Korea are the three main fans of crypto exchanges in the whole world. Datalight investigated where all the traders come from and discovered that most of them come from the U. S. After analyzing over 100 platforms, the company […]
2019-5-1 00:58 | |
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A look at the number of visits to the top 100 most popular cryptocurrency exchanges reveals that most of the visitors are from the United States. Japan and South Korea come in second and third places respectively despite recording figures that are far less than that of the US.
2019-4-30 16:14 | |
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In recent times, cyber attacks have been on the rise, and they pose a dangerous threat to businesses and individuals alike. Similarly, cryptocurrency exchanges are getting hacked because it’s easy.
2019-4-29 14:10 | |
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Bittrex, one of the leading cryptocurrency exchanges in the world, announced the addition of another state to its USD market, earlier today. Bittrex has thus expanded its presence to around 40 United States territories, including South Carolina, Washington D.
2019-4-24 15:30 | |
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Japan’s Financial Services Agency (FSA) is looking into two major cryptocurrency exchange platforms as part of an investigation. According to a report published by Reuters Japan on April 23, 2019, the investigation by the financial watchdog is connected to the legal compliance and customer protection standards of trading platforms Fisco Digital Asset Group (FDAG) and Huobi Japan, the Japanese subsidiary of Huobi Global.
2019-4-24 22:55 | |
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An equity battle involving a South Korean gaming giant could end up with Walt Disney Co. owning two major cryptocurrency exchanges. Happy Ending For Disney And Crypto? As local news outlet JoongAng Ilbo reported quoted by Korea Herald April 17, Disney is currently one of the major bidders for a 98.
2019-4-23 18:00 | |
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Coinspeaker Disney is Reportedly Set to Put Out $13,2B for South Korea’s Largest Game Developer NexonGlobal entertainment leader Disney is apparently in talks with NXC, which owns the largest video game publisher in South Korea, as well as two major cryptocurrency exchanges: Bitstamp and Korbit.
2019-4-23 12:57 | |
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The fate of users of the now-defunct cryptocurrency exchange Gatecoin lies in the doldrums due to the lack of clear regulations which could fixate the legal ownership of crypto assets. This according to a report by South China Morning Post, published April 22, 2019.
2019-4-23 23:00 | |
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Coinnest, one of the largest Bitcoin exchanges in South Korea has announced that it will be shutting down following a litany of administrative, financial and legal issues. 5th Largest South Korean Bitcoin Exchange Closes Shop In a statement published on the company’s website on Thursday (April 18, 2019), the platform announced its decision to shut up shop.
2019-4-20 13:00 | |
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Top Crypto Exchanges Come Together In An Effort To Retrieve BitHumb’s Stolen Funds As many of our regular readers may recall, late last month, leading South Korean crypto exchange Bithumb fell victim to a hacking scandal which saw the company lose a little over USD $18 million worth of assets. However, as soon as this […]
2019-4-19 20:14 | |
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An intelligence branch of the Russian government used bitcoin to fund its cyberwarfare efforts to interfere with the 2016 U. S. presidential election, the Mueller Report claims.
2019-4-19 23:21 | |
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Bitcoin is legal in Botswana, but that does not mean that it is easy to get a hold of. Those who are interested in purchasing bitcoin must do so from exchanges located outside of the country and in some instances, they actually need to leave the country to make the purchase. Philonah Shamukuni is a […]
2019-4-18 14:31 | |
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Coinbase, one of the longest serving exchanges in the cryptocurrency ecosystem, is expanding its services across Latin America and Southeast Asia. As a result of the expansion, cryptocurrency enthusiasts in Argentina, Mexico, Peru, Colombia, Chile, India, Hong Kong, South Korea, Indonesia, the Philippines, and New Zealand will now be able to access the company’s crypto-to-crypto trading services.
2019-4-17 22:00 | |
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Only One Of The Four Largest Crypto Exchanges In Korea Profited During 2018 South Korea may be one of the biggest markets in the world but the crypto bear market showed its claws to it nevertheless. The fourth most active crypto market in the world has seen three of its top 4 exchanges get losses […]
2019-4-17 21:48 | |
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By CCN. com: South Korea is the fourth most active country in the world in crypto trading, per Coinhills. This, however, did not count for much as three of the country’s top four bitcoin exchanges recorded losses in 2018.
2019-4-17 15:37 | |
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Bithumb, one of South Korea’s largest cryptocurrency exchanges, posted a 205.5 billion won ($180 million) net loss in 2018,… The post This Korean Exchange Behemoth Has $180M Net Loss In 2018 Alone appeared first on Invest In Blockchain.
2019-4-16 07:05 | |
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Bithumb Resumes Bitcoin (BTC) And Ethereum (ETH) Withdrawals And Deposits Bithumb may be one o the largest exchanges in South Korea, but it is also one of the most controversial ones. Now, the company is currently in a very bad situation after it was hacked and the controversies are only piling up. Some weeks ago, […]
2019-4-16 23:34 | |
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The South Korean trading platform Upbit announced financial results for the year 2018. Upbit managed to become the only one among top South Korean crypto exchanges who made a profit in 2018.
2019-4-15 22:26 | |
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The return of a previously well-known phenomenon to Bitcoin this week continues to excite traders as Bitcoin price pushes above $5250. Return Of The ‘Kimchi Premium’ Spotted online by social media traders, the so-called ‘Kimchi Premium’ – a surcharge on the Bitcoin price specifically impacting South Korean investors – is making a comeback on local cryptocurrency exchanges.
2019-4-10 12:00 | |
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Bitcoin price highs last week had serious knock-on effects for some markets, with traders worldwide setting several new records. South America’s Record Bitcoin Trading Data from monitoring resource Coin Dance, which tracks volumes on P2P Bitcoin exchanges Localbitcoins, Paxful and Bisq, confirmed South America in particular saw huge amounts of fiat currency change hands during the seven days ending April 6.
2019-4-8 13:00 | |
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The China-based crypto exchange giant Binance has announced that it will launch Binance Singapore this month, a fiat-to-crypto exchange with support for the Singaporean Dollar (SGD).
2019-4-4 20:54 | |
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This article was originally published by 8btc and written by Olusegun Ogundeji. Bitcoin has crossed the $5,000 price range again (after its first reach to that level in 2017) following a sudden breakout on April 2, 2019.
2019-4-4 18:42 | |
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This article was originally published by 8btc and written by Lylian Tang. The Chinese security service provider 360 Security has issued a warning that a large number of crypto exchanges have been targeted by the North Korean hacker group Lazarus and that the number is still rising after the recent hacks of crypto exchanges DragonEx, Etbox and BiKi.
2019-4-2 21:54 | |
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Major news is breaking out of South Korea as one of its largest exchanges, Bithumb, has been hacked for… The post Bithumb Hack: $20M Stolen in EOS (EOS) and Ripple (XRP) – An Inside Job? appeared first on Invest In Blockchain.
2019-4-1 09:20 | |
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Many users' Binance USD balances will automatically be converted into First Digital USD starting on Dec. 31.
The surge suggests significant institutional attention despite the token’s historical association with FTX’s financial challenges.
Crypto exchange Bitget has abandoned plans for a crypto license in Hong Kong, asking users to withdraw their assets by Dec. 13.
The license allows WadzPay to begin preparing to provide virtual asset services and activities under the VASP License for Transfer and Settlement and Broker/Dealer activities.
The Backpack crypto wallet has bagged operational licenses across several jurisdictions worldwide over the past five months, according to the company announcement.
A British investigative firm tracked down stolen funds and convinced the High Court of Singapore to mark the wallets containing the funds permanently with its order.
The freeze resulted from a collaboration between Atomic Wallet, forensic companies and centralized exchanges following reports from users claiming unauthorized transactions from their wallets.