2024-2-22 21:15 |
Leading up to South Korea's general election in April, both the governing and opposition parties are courting voters with pro-crypto policies. origin »
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A murder case in Seoul over crypto assets compelled lawmakers to push for stronger crypto regulation. The new proposed bill combines 19 distinct crypto-related policies into a single bill.
2023-5-18 16:00 | |
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2022-12-11 00:20 | |
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The report earlier this week of SK Group's $1.6 billion investment over the next three years on semiconductors and blockchain follows a presidential campaign that made crypto-friendly policies an important issue; major altcoins also decline.
2022-4-1 02:03 | |
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Stringent regulatory policies in South Korea could force many small- and medium-sized crypto exchanges out of the country.
2021-6-15 19:27 | |
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The Financial Service Commission sent a notice on Monday barring exchanges from handling ‘dark’... The post South Korea’s regulator sets policies around privacy coins appeared first on Coin Journal.
2020-11-6 15:02 | |
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A South Korean presidential committee is pushing for the government to establish legal status for cryptocurrency to stay competitive globally. So far, the government’s policies have been risk-focused to curb speculation, which the committee says must change.
2019-10-31 18:30 | |
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Uruguay may be a small country in South America with a population of just 3. 5 million, sandwiched between Argentina and BrazilL: but it has found fame on the world stage for progressive policies (and superstar soccer players – the country won the World Cup in 1930 and 1950, and has finished fourth twice).
2019-10-6 18:05 | |
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Seoul’s Southern District Court has ruled that the South Korean cryptocurrency exchange, CoinOne, is required to compensate users who have suffered losses due to hacked accounts that violate the withdrawal limit imposed by government policies.
2019-9-28 22:00 | |
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Liberty Korea Party (LKP), the main opposition party in South Korea, recently announced that it would propose pro-crypto policies for the country. According to Cointelegraph Korea, the party is set to have a more radical pro-crypto support and to vote for the legalization of tokenized securities.
2019-9-20 16:31 | |
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South Korea’s tough cryptocurrency regulations might hamper the city of Busan from successfully having a regulatory-free zone for blockchain and cryptocurrencies, according to a report by Korea ITTimes on August 6, 2019.
2019-8-7 09:00 | |
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During his tenure Chairman Choi Jong-ku took a hard line against ICOs but enacted some favorable policies towards blockchain businesses.
2019-7-24 19:00 | |
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Facebook was under a lot of heat when the Cambridge Analytica scandal exploded. As we may have all heard, the scandal involved a personality-quiz app created by a representative from Cambridge, where Facebook users downloaded and answered the questions.
2019-5-13 22:40 | |
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Everyday consumers save various mileage points in market activities such as airline mileage, credit card points etc. Every platform says the user can use the saved points like cash, but it doesn’t make sense.
2019-5-2 14:33 | |
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A group of South Korean lawmakers have expressed concern over the strict regulatory policies of the Financial Service Commission (FSC) on the cryptocurrency and blockchain sector and subsequently called for deregulation.
2019-4-9 21:00 | |
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The government of South Korea is reportedly considering a revision of existing cryptocurrency policies
2019-4-5 23:04 | |
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The South African Revenue Service and other agencies are looking to create a new legal framework and tackle the country’s crypto taxation policies.
2019-1-5 00:01 | |
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Online privacy is getting tougher and tougher. Most people are unaware that in the US, Internet Service Providers (ISP) are now permitted to collect and sell user data without consent. In other countries, things aren’t much better.
2018-12-29 22:23 | |
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South Korean legislators are planning to chase the road to clear their stance on Initial Coin Offerings (ICO) in November this year. Despite the government’s on-again-off-again relationship with cryptocurrencies, a National Assembly committee has mooted to revamp the cryptocurrency policies in the country on October 10, 2018.
2018-10-12 09:00 | |
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Cryptocurrency exchanges in South Korea faced the dreaded government hammer last week, as the authorities decided to exclude the burgeoning business type from the country’s “Venture Company” certification, reported Business Korea on Oct.
2018-10-1 19:00 | |
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It’s almost been a year since the South Korean Government enacted their blanket ban on initial coin offerings (ICOs). Business Korea reported that during 2017 to 2018, there had been many conflicting policies concerning the promotion of blockchain technology and the banning of ICOs.
2018-8-31 14:00 | |
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China is showing no intention of slowing down its cryptocurrency crackdown. In the latest, Baidu, Alibaba, and Tencent (BAT) — the three largest technology companies in the country — are banning cryptocurrency-related activities from their platforms.
2018-8-27 13:45 | |
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Following the release of a new regulatory framework for crypto businesses and blockchain projects, major cities in South Korea have started to build regional policies to fuel the growth of cryptocurrency-related companies.
2018-8-16 13:39 | |
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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.
2018-7-24 23:15 | |
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The new department will make policies and recommendations about the use of crypto and blockchain technology.
2018-7-24 21:22 | |
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The Bitcoin movement has brought with it a tidal wave of activity in cryptocurrency investments and trading. As a result, crypto market capitalization soared to an all-time high of around $820 billion in early January of 2018.
2018-7-13 17:51 | |
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China wants to be a frontrunner in blockchain technology with local governments ramping up blockchain projects, and yet, the government still maintains a strict stance on cryptocurrencies, highlights a new report by Abacus, 500 Startups, and the South China Morning Post.
2018-7-12 22:54 | |
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Reports show that South Korea is now undergoing a cryptocurrency policy transformation. The people in charge are in the process of tearing down the stone wall built around the regulations related to cryptocurrencies.
2018-7-10 07:04 | |
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South Korea has been busy revising its cryptocurrency regulations. The regulators plan to ease the rules on crypto assets in line with G20 policies. While a new crypto classification system has been created, another government agency is conducting an on-site inspection of crypto exchanges following multiple hacks.
2018-7-9 08:15 | |
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The SEC said that it has made revisions to its rules to apply strengthened policies in order to prevent or detect money laundering and illegal activities because they aren't opposed to cryptocurrencies.
2018-7-7 10:23 | |
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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 | |
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South Korea’s third-largest crypto exchange, Coinone, is reportedly looking to sell part of its chairman’s stake, with Coinbase named as a potential participant in the early talks. According to a Seoul Economic Daily report citing a company representative, Coinone plans…
The one-exchange-one-bank model is not a legal requirement but is widely followed. A government study found the setup limits access for small crypto exchanges. Large platforms dominate Korean won-based trading due to better liquidity.
Only VASP-registered platforms will stay available on the Play Store. Local exchanges like Upbit and Bithumb could gain more market share. Some traders may shift towards DeFi and non-custodial wallets.
South Korean regulators plan to lift a nine-year ban on corporate crypto investments as the country continues to warm up to the digital asset space. South Korea’s Financial Services Commission has reportedly crafted new guidelines for listed corporations and professional…
Most breaches involved failures in customer due diligence and identity verification processes. The action coincides with reports of a potential majority acquisition by Mirae Asset. The case reinforces stricter regulatory expectations across South Korea’s crypto sector.
South Korea's ruling Democratic Party is working to consolidate several lawmaker proposals into a revised digital asset bill.
According to reports, Mirae Asset Group is in advanced talks to buy Korbit, South Korea’s long-running crypto exchange, in a deal valued at about 100 billion to 140 billion won — roughly $70 million to $100 million.