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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

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