Korea

North Korea Plans Bitcoin-Like Cryptocurrency to Sidestep Sanctions

The regime linked with major hacks of crypto exchanges is reportedly building its own token to get around the tough international sanctions.

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Cryptocurrency Exchange OKEx Korea Removes Privacy Altcoins

According to an official announcement made by the South Korean branch of OKEx, the popular exchange will delist five privacy coins as early as October 10, 2019. Complications for Privacy Coins Trading of Monero (XMR), Dash (DASH), ZCash (ZEC), Horizen (ZEN) and Super Bitcoin (SBTC) on OKEx Korea will be suspended on October 10, 2019, […]

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Bitrefill bitcoin gift card service launches for South Korea

Bitrefill bitcoin gift card service launches for South Korea – CryptoNinjas Bitrefill, the crypto-based gift card marketplace platform, announced that its expansion has now reached South Korea. Available now, Bitrefill has added 24 new gift cards for South Korean users. All of the gift card products can be purchased with Bitcoin, Ethereum, Litecoin, Dash, and […]

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South Korea Will Take a Direct Approach to Crypto Exchange Regulations

On August 6, 2019, the Financial Intelligence Unit (FIU) of the Financial Services Commission in South Korea revealed plans to institute direct regulations on cryptocurrency exchanges, local news source Business Korea reports. Up until now, FIU has often regulated exchanges indirectly through their banks. Quoting an official with the FIU, Business Korea reported that the […]

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Korea Exchange Affiliate Koscom to Launch DLT Platform for Unlisted Shares

South Korea’s state-backed financial IT firm Koscom to develop a blockchain-based platform for trading unlisted securities. South Korea’s state-backed financial IT firm Koscom will develop a blockchain-powered platform for trading unlisted securities. Koscom to launch blockchain-based unlisted shares trading service in H2 2019 Launched by South Korea’s Ministry of Finance and primarily backed by the […]

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Bitcoin Exchanges in South Korea to come Under Direct FSC Regulatory Purview

Reports from media sources in South Korea say the country’s top financial regulator plans to directly oversee the regulation of local Bitcoin exchanges, August 7, 2019. This move likely includes the creation of registration and licensing requirements for South Korean crypto bourses. Platforms in the country have in recent times had to adjust to a […]

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South Korea now has a crypto regulation free zone in Busan

After much deliberation and requests from the Busan government officials, the Korean central government has finally decided to make the second-largest city in South Korea a “regulation-free” cryptocurrency hub for the years to come. Everything starting from finances and ending with public transportation and tourism will experience some kind of affiliation with the blockchain and […]

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Upxide exchange begins Telegram (GRAM) token sale in South Korea

CryptoNinjas – Bitcoin, Cryptocurrency & Blockchain Asset SourceUpside, a crypto services provider including cryptocurrency exchange Upxide and subsidiary of Tokyo listed company Metaps Plus, announced today it has acquired marketing rights for Telegram Messenger’s GRAM token sale in partnership with Liquid, the cryptocurrency exchange run by QUOINE Pte. Ltd. The token sale is live now […]

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Is Lithuania’s New Crypto Regulation Modelled Around South Korea?

Coinspeaker Is Lithuania’s New Crypto Regulation Modelled Around South Korea? The Baltic country of Lithuania is gearing up to implement a new cryptocurrency regulation in order to take much better control over its grey area crypto market. Is Lithuania’s New Crypto Regulation Modelled Around South Korea? Continue reading at Coinspeaker

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Google Trends Shows Bitcoin Is About to Explode in South Korea

South Korea has long been a key region for Bitcoin adoption. Now its government and banks are coming around, Googe Trends reveals an interesting pattern. Every day for the last week, South Koreans have been waking up with Bitcoin on their minds. Bitcoin Google Searches Show an Unmistakable Pattern Take a look at the Google […]

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South Korea: Bithumb Exchange Operator Reveals Plans for US, Japanese Markets

The CEO of Bithumb’s operator has revealed plans to expand to the U.S. and Japan. The CEO of Singapore-based Blockchain Exchange Alliance (BXA) — which has a controlling stake in major South Korean crypto exchange Bithumb — has revealed plans to expand to the American and Japanese markets. The news was reported by Cointelegraph Japan […]

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North Korea Cryptocurrency Report Urges Southeast Asia To ‘Mitigate’ Threat

A new report into the alleged use of cryptocurrency by North Korea claims the whole of Southeast Asia is “vulnerable” to state actors. RUSI: North Korea Has ‘Gone To Extremes’ Published April 12, the report, Closing the Crypto Gap: Guidance for Countering North Korean Cryptocurrency Activity in Southeast Asia, comes courtesy of the Royal United […]

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South Korea Establishes Special Task Force to Prevent Cryptocurrency-Related Crimes

The South Korean Supreme Prosecutors’ Office has announced the establishment of a task force to fight crypto-related crimes. The South Korean Supreme Prosecutors’ Office (SPO) has announced the establishment of a task force to fight cryptocurrency-related fraud and crimes. The development was reported by the Korean Broadcasting System (KBS), one of the largest national public […]

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Korea Exchange Official: US Bitcoin ETF Decision Will Affect the Korean Market

An official at the Korea Exchange has revealed that the local crypto market will be affected by the decision made by the SEC regarding the Bitcoin ETF in a report by the Korea Herald on February 20, 2019. With Bated Breath The upcoming decision to be made by the SEC on the Bitcoin ETF is […]

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Korea Bitcoin ETF Approval Depends on US SEC Decision, Admits Stock Exchange Official

South Korea has joined the cryptocurrency community when it comes to waiting for the US’ verdict on Bitcoin exchange-traded funds (ETF). The nation’s sole bourse operator, Korea Exchange (KRX), admitted that it was carefully observing the constantly-unfolding crypto ETF scenario in the US. An official at the exchange – on condition of anonymity – told the Korean […]

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North Korea: Blockchain Technology and Cryptocurrency Conference to Be Held in April 2019

North Korea is set to host an international blockchain and cryptocurrency conference in April 2019, reports Independent UK, November 20, 2018. The conference will also see its attendees revel a seven-day tour of the country.   Pyongyang to Host the Tech Conference Due to the difficult political climate in the country, North Korea has created a […]

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South Korea to Announce Its ICO Stance in November, Top Official Says

Top South Korean official says the government will announce its official position on ICOs in November, based on the results of recent discussions. South Korean government is “likely” to announce its official position on Initial Coin Offerings (ICOs) in November. A local business newspaper The Investor reported this on Thursday, Oct. 11, citing a “top […]

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South Korea Remains Firm on ICO Ban Despite Calls for Legality, For Now

The chairman of South Korea’s primary markets regulator has reaffirmed the authority’s initial coin offering (ICO) ban in a top-level meeting on Thursday. Financial Services Commission (FSC) Chairman Choi Jong-ku has told lawmakers during the annual government audit in a parliamentary meeting that the authority will stick to its policy of a sweeping blanket ban […]

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North Korea is Using Cryptocurrency to Evade U.S. Sanctions: Experts

Two Washington-based financial experts say that North Korea is increasingly using cryptocurrency to evade U.S. Sanctions. According to Lourdes Miranda, a financial crimes investigator specialized in intelligence collection and analysis, and Ross Delston, an expert witness who specializes in anti-money laundering and combating the financing of terrorism, Pyongyang is creating its own cryptocurrency and is likely also using popular […]

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