Tag: Korean

The Daily: New Institutional Crypto Wallet, Korean Won Stablecoin

The Daily: New Institutional Crypto Wallet, Korean Won Stablecoin In today’s edition of The Daily, we feature a couple of new offerings in the cryptocurrency market including a wallet made for exchanges and token issuers as well as the latest fiat-backed stablecoin. Additionally covered are an exchange that underwent an […]

Executives of Korean Exchange Sentenced to Jail for Faking Volumes

Executives of Korean Exchange Sentenced to Jail for Faking Volumes Two executives of a South Korean cryptocurrency exchange have reportedly been sentenced to jail for inflating trading volumes on their exchange. The pair allegedly used a bot to fake large orders in both cryptocurrencies and Korean won. Also read: Indian Supreme […]

Korean Incoming Finance Minister Confirms Cryptocurrency Taxation Plans

Korean Incoming Finance Minister Confirms Cryptocurrency Taxation Plans South Korea’s incoming finance minister, Hong Nam-ki, has reportedly unveiled his government’s taxation plans for cryptocurrency and initial coin offerings. A task force consisting of experts from government agencies and the private sector will be formed to examine overseas cases to establish […]

Korean Lawmaker Introduces Bill to Promote Cryptocurrency Trading

Korean Lawmaker Introduces Bill to Promote Cryptocurrency Trading A South Korean lawmaker has reportedly introduced a bill to promote cryptocurrency trading and the development of crypto exchanges. In addition to requirements such as capital, manpower, and internal systems, the bill proposes establishing a committee to promote and support crypto trading. […]

Korean Exchange Terminating After Regulator Crackdown

Korean Exchange Terminating After Regulator Crackdown Cryptocurrency exchange Zeniex has announced that it is terminating all services after South Korea’s financial authorities started cracking down on unauthorized crypto funds. The exchange is asking its customers to withdraw their cryptocurrencies before the end-of-service date. Also read: Yahoo! Japan Confirms Entrance Into the Crypto […]

Korean Lawyers Lobby Government to Pass Several Cryptocurrency Laws

Korean Lawyers Lobby Government to Pass Several Cryptocurrency Laws The Korean Bar Association, whose membership is mandatory for all lawyers in the country, has campaigned publicly for the government to pass a number of cryptocurrency-related laws. The group specifically proposes regulation for crypto exchanges, initial coin offerings, domestic and foreign […]

Top Three South Korean Cryptocurrency Exchanges Expand Overseas

Top Three South Korean Cryptocurrency Exchanges Expand Overseas Three of South Korea’s largest cryptocurrency exchanges are expanding overseas. Upbit has launched a Singaporean crypto exchange with 156 coins and 221 trading pairs. Coinone has established a crypto exchange in Malta while Bithumb is planning to launch a security token platform in […]

Korean Court Rules in Favor of Cryptocurrency Exchange Against Bank

Korean Court Rules in Favor of Cryptocurrency Exchange Against Bank A South Korean district court has ruled that Nonghyup Bank, a major bank in the country, cannot block transactions to the account of cryptocurrency exchange Coinis based solely on the government’s anti-money laundering guidelines. This is reportedly the first time […]

Bitstamp Confirms Acquisition by South Korean Company

Bitstamp Confirms Acquisition by South Korean Company Bitstamp has confirmed that it has been acquired by a European subsidiary of a South Korean corporation. Nejc Kodrič will remain the CEO of the exchange. The Korean group also owns gaming giant Nexon and Korbit, the country’s fourth largest crypto exchange. Also […]