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Police Reportedly Raid Headquarters of Bithumb, South Korea’s Largest Exchange

2.9.2020
Crypto exchange Bithumb has reportedly been seized by police in Seoul on allegations that its chairman engaged in investment fraud

Seoul police reportedly investigating South Korea's largest crypto exchange Bithumb

2.9.2020
Another exchange in South Korea comes under the police spotlight

Police Raid South Korean Crypto Exchange Bithumb - Reports

2.9.2020
Police in South Korea are reportdely searching the headquarters of Bithumb, the nation’s biggest crypto exchange per trading volume as part of an investigation into fraud and embezzlement. Per Newsis and Seoul Shinmun, officers from the Seoul Metropolitan Police Agency’s Intelligence Unit raided...

Unstaffed South Korean Stores to Use Blockchain ID Authentication

1.9.2020
New unstaffed convenience stores in South Korea will make use of blockchain-powered ID solutions – after major domestic blockchain firm Coinplug sealed a deal with a retail operator HP Retail and security provider Cubox. Per iNews24, the firms will make use of Coinplug’s MyKeepin platform, lauched...

South Korean Central Bank Turns to Private Sector for CBDC Help

31.8.2020
South Korea is a step closer to welcoming a central bank digital currency (CBDC), with design and implementation reviews complete – and private companies now set to get involved. Per reports from Seoul Kyungjae and Chosun, the nation’s central bank, the Bank of Korea (BOK), now says it wants...

South Africa Might Impose Tighter Crypto Taxes Rules - Auditor

31.8.2020
The South African Revenue Service (SARS) could bring in stricter taxes for the country’s cryptoasset holders in the near future, potentially hampering the development of an industry that has emerged as Africa’s biggest, analysts claim. Wiehann Olivier, a partner in the auditing division...

South Korea’s Central Bank Starts Technical Phase for Digital Currency Ahead of 2021 Pilot

31.8.2020
The Bank of Korea is seeking a partner to help develop the architecture for a potential central bank digital currency

This South Korean film festival will be powered by blockchain technology

28.8.2020
The event will reward participants with token-based rewards

The leaders of a fake crypto exchange are now behind bars

27.8.2020
Choi and Park lost their last chance not to serve a jail time

South Korean Court Sends Bogus Crypto Exchange Chiefs to Prison

27.8.2020
In what has been a torrid week for South Korean crypto exchanges, the CEO and the executive director of a legitimate-looking trading platform have been sent to jail for three and two years respectively – after a court found them guilty of duping investors with a bogus exchange. A branch of...

Korean Police Seize Crypto Exchange Coinbit Over Allegations of $84 Million in Wash Trades

27.8.2020
Police in South Korea on Wednesday raided and seized the offices of Coinbit, the country’s third largest crypto exchange, over allegations it faked 99% of its trading volume. According to a report from Seoul News, local police took control of Coinbit’s headquarters in Gangnam as well...

ICON app offers remote KYC for South Korea’s second-largest bank

27.8.2020
Smartphone users in South Korea can open bank accounts remotely with KYC verification via an ICON-powered app

US Democrats Want Info on Confiscated Crypto, Bakkt's Record + More News

26.8.2020
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Regulation news US congressmen Josh Gottheimer and Emanuel Cleaver, both from the Democratic party, have requested the Trump administration...

Major Korean crypto exchange seized after 99% trading volume allegedly faked

26.8.2020
Police claim that wash trading and market manipulation by the owner and management team of the Coinbit exchange netted over 100 billion won

Industry ‘Under Threat’ as South Korean Police Raid Crypto Exchange

26.8.2020
Police in South Korea have raided the offices of Coinbit, a South Korean crypto exchange, under suspicion of widespread market manipulation. The exchange was set up in 2018 by gaming firm Axia, and has risen to become one of the most promising of the chasing pack of exchanges behind market leaders...