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Crypto Fever Back in South Korea, Average USD 7B Per Day Transacted
6.3.2021
A new report from South Korea appears to show that the latest rush in bitcoin (BTC) and altcoin investment in the country is “now higher than three years ago,” and that it’s not all about the new wave of Korean “crypto moms” – younger folk are also laying down some serious capital in their...
South Korean Moms Are Taking the Lead in Buying Bitcoin Despite the Coronavirus Pandemic
5.3.2021
As bitcoin prices keep exchanging hands above the $48k handle as of press time, South Korea notices a particular growing trend in a specific profile of crypto investors. A recent study revealed that a new era of “crypto moms” is emerging across the board in the country. Millennials...
Report: Asia’s Cryptocurrency Landscape the Most Active, Most Populous Region ‘Has an Outsize Role’
28.2.2021
Recently, Messari Crypto Researcher, Mira Christanto published a report that looks into Asia’s cryptocurrency landscape in-depth, as 60% of the world’s population resides in the region. Christanto’s study shows that six out of the top ten largest cryptocurrency unicorns...
South Korean PC Gaming Rooms Rely on Crypto Mining to Profit During the Coronavirus Pandemic
25.2.2021
The coronavirus pandemic has significantly hit several entertainment routines of the people worldwide, and South Korea is not an exception. PC gaming rooms had to shut down in the country, but their owners found a way to make profits during the lockdown by participating in crypto mining. A PC Bang...
Bank of Korea chief says crypto has no intrinsic value, expects volatility
23.2.2021
Bank of Korea Governor Lee Ju-yeol has expressed skepticism over the recent crypto rally, stating that the bank is progressing with a digital currency project
South Korean Financial Regulator Confirms Privacy Coin Delistings- Adds New Guidelines to Report Unusual Transactions
22.2.2021
South Korean financial watchdogs are about to start overseeing crypto-related activities in the nation, and additional barriers for exchanges keep appearing. Moreover, one of the South Korean regulatory bodies codified the measures announced last year on privacy coin listings. No Major Domestic...
South Korea fastracks 20% tax on Bitcoin and crypto profits to 2022
22.2.2021
After much back and forth, South Korea appears to have finally set a hard date for the dawn of cryptocurrency taxation
Token-Driven Karaoke Platform Gets a Boost in South Korea as Pandemic Hits Over 2,100 Singing Rooms
18.2.2021
Coronavirus-driven lockdowns and social distancing limits affect people’s way of entertaining themselves, such as going to karaoke. In South Korea, that activity is too popular, and despite the COVID-19 outbreak, the crypto industry is trying to capitalize on it. Somesing: A Blockchain-Based...
Kakao to Record Private Securities on Its Own Blockchain as NFTs
17.2.2021
The move will aid South Korea's OTC securities market
Blockchain-powered Karaoke Booms in South Korea as Coronavirus Drags on
16.2.2021
Coronavirus pandemic-mitigating lockdowns and government-imposed limits on social contact are helping to spur the spectacular growth of blockchain-powered entertainment apps in South Korea – with token-driven karaoke, movie platforms and more.
According to Fn News, the blockchain-based app Somesing...
South Korean Court Orders Bithumb to Compensate Users for an Accidental BTC Withdrawal Case in 2018
13.2.2021
A South Korean court ordered one of the biggest domestic crypto exchanges to compensate victims of an “accidental withdrawal” incident in 2018. Bithumb has been ordered to pay customers who withdrew their bitcoin funds to an unknown wallet. Funds Ended Up in a Wallet With an Unknown...
South Korean Crypto Exchange Becomes the First Overseas Platform Legally Recognized in China
10.2.2021
A South Korean cryptocurrency exchange announced it established its first legally recognized branch in China. Although the nation banned all local crypto trading services, DBX said the firm already obtained a license to go ahead with the operations. Final Certificate of Incorporation Granted...
Bank of Korea: CBDCs Are Fiat Currency Not Virtual Assets
8.2.2021
Some legal changes would be needed before a potential central bank digital currency launch in South Korea, research indicates
Bank of Korea publishes book on central bank digital currency's legal issues
8.2.2021
South Korea's central bank has issue a book on legal matters that would need to be addressed to ensure the smooth operations and usefulness of a future central bank digital currency
Former South Korean Social Media Giant to Relaunch Its Business by Creating a New Ethereum-Based Token
5.2.2021
A social media giant that significantly impacted South Korea’s internet influence in the early 2000s is set to take a second breath. The company plans to regain its popularity by launching a new cryptocurrency. New Ownership Reportedly Got Over $7 Million From Investors to Rebrand Cyworld...
A Hat Generates Big Controversy In Latest Sky: Children Of Light Update
5.2.2021
The latest update to thatgamecompany’s Sky: Children of Light introduced a new hat that has stirred up controversy among the game’s Chinese and Korean fans, with both sides claiming cultural significance related to the cosmetic item and refusing to give an inch on social media.Read more
Following GameStop, South Korea Financial Regulator Extends Ban on Short Sales
5.2.2021
Caving to pressure from retail traders, South Korea's ban on short-selling has been extended through May 2021
Japanese Pop Star Talks About Her Facet as Crypto Investor — J-Pop Band Releases NFT Trading Cards
3.2.2021
Asian showbiz stars have been actively speaking about cryptocurrencies on major broadcasting networks. The Japanese pop sphere is not lagging behind, as one of its stars was featured in an interview talking about cryptos. Former Nogizaka46 Band Member Already Sold Her Crypto Holdings Nakada Kana,...
Hanwha to acquire $52M stake in crypto exchange Upbit’s parent company
3.2.2021
Hanwha Investment and Securities reached an agreement to buy 2.06 million shares from Upbit operator Dumanu
South Korean Tax Agency Carries out Irregular Audit on Crypto Exchange Operator
26.1.2021
The team of investigators requested past data and transaction details from Korea Digital Exchange