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Nalezeno "korean": 1634

S Korean Regulator Holds ‘Significant’ Meeting with 20 Crypto Exchanges

4.6.2021
The South Korean government finally appears to be ready to move to address criticism regarding its “inertia” over the formation of new crypto regulation. And to do so, it appears to have begun communicating directly with exchanges it believes stand a chance of meeting regulatory guidelines in time...

69,000 Potentially out of Pocket in Alleged South Korean Exchange Scam

4.6.2021
Far more South Korean investors than previously thought appear to have been sucked into an alleged crypto scam revolving around the V Global crypto exchange. As reported last month, police said that “mainly pensioners and housewives” had been the victims of the suspected fraud. Officers in Seoul...

South Korean Banks See Crypto Exchange Commission Fees Grow Tenfold

3.6.2021
The group of South Korean commercial banks that recently ruled out working with domestic crypto exchanges may be forced to rue their decisions after figures for the first quarter of the financial year revealed bumper commission earnings for the banks currently working with trading platforms. Per...

South Korean Presidential Candidate: Delay Crypto Tax Until 2023

1.6.2021
Source: Adobe/Андрей Яланский As South Korea’s general elections draw ever nearer, the nation’s provincial governors appear to have grown bolder – and are looking to strengthen their political positions by taking on Seoul over its crypto policy. While last week it was the turn of the Governor...

Hope for South Korean Crypto Exchanges as Bank Keen on Contract Renewal

28.5.2021
There may be a glimmer of hope at last for the South Korean crypto exchanges fearing for their future, with the neobank K-Bank reportedly set to renew its contract with the market-leading trading platform Upbit – just days after three major commercial banks ruled out the prospect of doing...

Naver, Kakao, LG ‘Will Bid to Participate’ in South Korean CBDC Pilot

26.5.2021
The Bank of Korea (BOK), South Korea’s central bank, is set to pilot its prototype digital KRW beginning in August as the country increases the pace of its central bank digital currency (CBDC) adoption plans. And it looks as though three of the nation’s biggest tech giants are keen to take...

Bank of Korea Seeking Technology to Develop Digital Currency

25.5.2021
South Korea’s monetary policy regulator is taking steps to create its own digital coin. Bank of Korea is now looking for a technology provider to develop a test environment for the project. The news comes after major commercial banks expressed skepticism over their cooperation with domestic...

3 South Korean Banks Say They Won’t Deal with ‘Risky’ Crypto Exchanges

25.5.2021
Three of South Korea’s five biggest banks, Woori, Kookmin (KB), and KEB Hana, have said they do not want to work with crypto exchanges, claiming the sector is “too risky” – a decision that may well jeopardize the future of even the country’s major exchanges. Cryptonews.com approached a number...

Bank Risk Assessment May Threaten Bithumb, South Korean Crypto Exchanges

21.5.2021
South Korean banks are set to audit crypto exchanges’ senior managers as part of their due diligence and risk assessment protocols for real-name banking contracts – and there are concerns Bithumb officials may struggle to pass the checks due to previous and ongoing fraud allegations. Bank-conducted...

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