Coinone

Crypto Exchange Coinone Taps Ripple for New Remittance Service

2 months ago admin2 Comments Off on Crypto Exchange Coinone Taps Ripple for New Remittance Service
South Korean cryptocurrency exchange Coinone is turning to Ripple’s enterprise blockchain network for cross-border payments. Coinone Transfer, an arm of the exchange that focuses on remittances, joined RippleNet on Monday, making it the first exchange in the nation to do so. The firm will be using xCurrent, one of Ripple’s three blockchain solutions, a press release states Citing World Bank Read More

South Korean Regulator Supports ‘Normal’ Cryptocurrency Transactions

4 months ago admin2 Comments Off on South Korean Regulator Supports ‘Normal’ Cryptocurrency Transactions
Regulation The director of the South Korean Financial Supervisory Service has announced that the government will support “normal” transactions of cryptocurrencies. Acknowledging that most crypto exchanges are having problems obtaining virtual accounts, he promises to encourage banks to work with them. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten Supporting ‘Normal’ Crypto Transactions The director Read More

Cryptocurrency Exchange Shutdown Unrealistic: South Korean Finance Official

5 months ago admin2 Comments Off on Cryptocurrency Exchange Shutdown Unrealistic: South Korean Finance Official
On January 18th the chairman of South Korea’s Fair Trade Commission Kim Sang-jo stated during a radio show that shutting down cryptocurrency exchanges is not realistic. During the interview, chairman Kim went as far as to say that banning cryptocurrency trading is “not realistic at all,” and warned the government about the immense economic impact such Read More

Korea’s Crypto Crackdown Talk Draws Backlash From Users and Politicians

5 months ago admin2 Comments Off on Korea’s Crypto Crackdown Talk Draws Backlash From Users and Politicians
More than 100,000 South Korea residents have signed petitions asking the government there to step back from any plans to close the country’s cryptocurrency exchanges. Earlier this week, the South Korean Justice Ministry announced that it was preparing legislation to close the country’s online exchanges amid a speculative boom in cryptocurrencies. That shot across the Read More

South Korean Cryptocurrency Mania: Exchanges are Adding More Employees Than Banks

6 months ago admin2 Comments Off on South Korean Cryptocurrency Mania: Exchanges are Adding More Employees Than Banks
South Korean cryptocurrency exchanges including Bithumb, Coinone, and Korbit are adding more employees than banks and financial institutions, local mainstream news networks have reported. YTN, one of South Korea’s largest mainstream media outlets, revealed that Bithumb, which processes more than $2.6 billion worth of cryptocurrency trades on a daily basis, has been hiring more talents Read More

Several South Korean Banks May Close Down The Accounts of Bitcoin Traders

6 months ago admin2 Comments Off on Several South Korean Banks May Close Down The Accounts of Bitcoin Traders
Woori Bank, the third largest commercial bank in South Korea behind Shinhan and Kookmin, is planning on closing down the existing accounts of cryptocurrency exchanges. Last week, mainstream media outlet Hankyoreh reported that Woori Bank is planning to shut down services for the country’s 3 largest cryptocurrency exchanges: Bithumb, Korbit, and Coinone who account for almost $3 billion Read More

South Korean Government Will Regulate Bitcoin Exchanges, Refutes Ban Rumors

6 months ago admin2 Comments Off on South Korean Government Will Regulate Bitcoin Exchanges, Refutes Ban Rumors
The South Korean government has officially refuted various reports on the possibility of a cryptocurrency trading ban within the country. On Wednesday, December 13th, the South Korean government, central bank, and financial authorities had held an emergency meeting to discuss the legality of cryptocurrencies and the current state of the bitcoin and cryptocurrency exchange markets. Read More