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Accusations Pile Up Against ‘Big’ South Korean Exchange
12.12.2019
The storm around an unnamed major South Korean cryptocurrency exchange is continuing to rage – with a senior politician allegedly involved, an ongoing assault/kidnapping case ongoing and now claims of artificially inflated trading volume figures.
As previously reported, the head of a major...
South Korean Government Falsified Report Claiming 10% Tax on Crypto Transactions
9.12.2019
The Ministry of Finance of South Korea has put an end to the speculations and claims that were hovering over the Korean crypto industry in the past few weeks by refuting the report that stated that the regulatory authority had imposed 10% income tax on cryptocurrency investments. Cryptocurrencies...
S Korean Crypto Exchanges Will Struggle to Survive in 2020 – Report
5.12.2019
A number of South Korean cryptocurrency exchanges are set to post “huge” losses this year, per a new report.
According to media outlet Newsway, industry insiders believe that most exchanges are “expected to suffer massive losses in FY2019.” The industry fears that nobody is safe, with trading...
North Korean Hacking Group May Be Behind Malware-Laden Fake Crypto Site
4.12.2019
A new and hard-to-detect macOS malware variant has been discovered lurking on a fake cryptocurrency trading site
South Korean Startup Claims to Have Solved Blockchain’s Speed Problem
4.12.2019
South Korean startup reportedly develops a new technology that reduces blockchain transaction times to fractions of a second
MARKETS DAILY: A North Korean Conspiracy and Top Hacks of 2019
2.12.2019
This time we're talking crypto and traditional market, an ethereum developer in hot water after alleged sanction busting, and a look at this years biggest exchange hacks
Police Hit CEO of ‘Top 3’ South Korean Exchange with Assault Wrap
28.11.2019
South Korean cryptocurrency exchanges are enduring a torrid week – with the CEO of what media outlets are calling a “top-three” crypto trading platform facing assault and extortion charges.
Per Maeil Kyungjae, police in Gangnam, Seoul, have charged the unnamed exchange’s CEO, who for legal reasons...
South Korean Committee Passes Bill Enforcing FATF Crypto Rules
27.11.2019
South Korea’s national policy committee has passed an amendment establishing a legal framework for cryptocurrencies. It requires crypto exchanges and service providers to register with the country’s financial regulator and comply with the recommendations set by the Financial Action Task...
Big South Korean Companies Continue Blockchain Spending Drive
18.11.2019
South Korea’s biggest businesses are continuing to dominate the nation’s blockchain industry.
Per news outlet Maeil Kyungjae, the country’s Software Policy & Research Institute has revealed that seven out of South Korea’s top 10 largest companies have begun integrating blockchain technology...
South Korean Exchange CEO Sentenced to 16 Years in Prison
13.11.2019
A South Korean district court has sentenced executives of a local crypto exchange to prison. The CEO of the exchange got a 16-year jail sentence while other executives and their accomplices got between six and 11 years. They duped thousands of investors, promising them up to 200% return within...
8 South Korean Crypto Exchange Execs Jailed in USD 386m Fraud Wrap
12.11.2019
Source: iStock/st_lux
A court in South Korea has jailed the head of cryptocurrency exchange Coinup for 16 years, after convicting him of fraud. Eight other executives from the exchange were also given jail time, with the company’s vice president given an 11-year prison term.
The Seoul court ruled...
UN Claims Hong Kong Blockchain Firm Is North Korean Laundering Sham
6.11.2019
United Nations committee accuses North Korea of using a Hong Kong blockchain firm as a front to launder funds
Binance Enters Korean Market With New Business Entity
1.11.2019
Binance may have taken another step toward launching a crypto exchange arm in South Korea, according to a new business registration
Korean Presidential Committee Pushes to Legalize Crypto
31.10.2019
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. Also read: China Ranks 35 Crypto...
S Korean Crypto Stance Under Pressure, Ripple Invests in University
30.10.2019
A group of blockchain advocates has made a fresh bid to change the South Korean government’s stance on cryptocurrencies – and has held talks with one of the country’s top financial regulators.
Fn Today reports that Oh Gap-soo, the president of the Korea Blockchain Association, met with Korea...
‘Clicks and Bricks’ Strategy to Drive Korean Users to Terra’s Blockchain
29.10.2019
Terra Blockchain's CHAI dapp is rolling out a back-to-basics "clicks and bricks" growth strategy to boost retail adoption in South Korea
Korean Government to Back Blockchain Startups With $9 Million Fund in 2020
29.10.2019
The Korea Internet Security Agency will be supporting blockchain-related projects in 2020 with about $9.0 million in funding
Coinplug Gets Support From Major Korean Banks in Its $6.4 Million Round
25.10.2019
Coinplug, a leading cryptocurrency exchange based in South Korea, has raised $6.4 million from the venture capital divisions of several local Korean firms. It was founded in the year 2013, and since then, it has been successfully operating as a crypto exchange and a Bitcoin prepaid card service...
Major Korean Banks Back Bitcoin Startup Coinplug’s $6.4 Million Round
25.10.2019
South Korean bitcoin exchange and wallet startup Coinplug has raised $6.4 million from venture arms of major local financial institutions.
More Than Thirty South Korean Firms Come Together to Launch a New Blockchain ID Verification Platform
24.10.2019
Taking pride in being South Korea’s largest English daily, The Korea Herald has reported that over thirty South Korean firms are coming together to curate and put to use an ID verification solution governed by the blockchain technology. The top-tier thirty business houses and firms have partnered...