Korean Bitcoin News

S Korea: New FSS Governor To Ease Cryptocurrency Regulation

2 months ago admin2 Comments Off on S Korea: New FSS Governor To Ease Cryptocurrency Regulation
Image: Physical bitcoin, by Antana, via Flickr Yoon Suk-heun, the new governor of South Korea’s Financial Supervisory Service (FSS), said that the country’s top financial regulator will consider easing cryptocurrency regulations. “Regarding cryptocurrencies, there are some positive aspects,” Yoon told reporters after President Moon Jae-in approved his nomination to lead the government agency. His nomination Read More

Aelf Token ELF Listed On Major S Korean Cryptocurrency Exchange Bithumb

2 months ago admin2 Comments Off on Aelf Token ELF Listed On Major S Korean Cryptocurrency Exchange Bithumb
Image: South Korea flag by railway fx via Shutterstock.com Singapore startup Aelf announced on Monday that its token ELF has been listed on Bithumb, one of South Korea’s major cryptocurrency exchanges platforms. The listing comes at a time when Aelf is looking to tap into South Korea’s thriving blockchain and cryptocurrency industry and comes just Read More

South Korean Crypto Exchange Operator Dunamu To Invest Up To US$93M In Blockchain Startups

3 months ago admin2 Comments Off on South Korean Crypto Exchange Operator Dunamu To Invest Up To US$93M In Blockchain Startups
Dunamu, the company behind South Korea’s cryptocurrency exchange platform Upbit, announced on Monday that it is allocating as much as KRW 100 billion (US$93 million) to invest in blockchain technology in the next three years. In particular, the Kakao-backed company said it will invest in blockchain startups tackling areas that include data analytics and management, Read More

South Korea: Crypto Exchanges Probed Over Alleged Embezzlement

3 months ago admin2 Comments Off on South Korea: Crypto Exchanges Probed Over Alleged Embezzlement
Image: Physical version of Bitcoin (new virtual money) and South Korea Flag, by Lukasz Stefanski, Shutterstock.com Seoul prosecutors carried out a three-day raid to the offices of three cryptocurrency exchanges on suspicious that their personnel had embezzled customer funds. According to a report by Digital Chosun, the prosecutors suspect that executives and staff withdrew money Read More

Founder Of South Korea’s Largest Crypto Exchange Joins Payment Startup Bezant

4 months ago admin2 Comments Off on Founder Of South Korea’s Largest Crypto Exchange Joins Payment Startup Bezant
Daesik Kim, the founder and former CEO of South Korea’s largest cryptocurrency exchange platform Bithumb, has joined Bezant, a payment protocol and cryptocurrency project, as Chief Cryptocurrency Officer. The Bezant decentralized payment protocol aims to provide fast, secure, and reliable payment solutions for the digital content and e-commerce sectors. Kim said the startup will be Read More

Blockchain Platform aelf Taps South Korean Market

4 months ago admin2 Comments Off on Blockchain Platform aelf Taps South Korean Market
aelf, a cloud computing blockchain network, has entered the South Korean market, announcing on Thursday the listing of its cryptocurrency ELF on trading platform Gopax, a new partnership with digital asset fund Hashed, and the hiring of former McKinsey & Company Associate, JB Lee, to help forge new partnerships and boost the platform’s growth in Read More

South Korea Finance Minister Says No Bitcoin and Cryptocurrency Ban

5 months ago admin2 Comments Off on South Korea Finance Minister Says No Bitcoin and Cryptocurrency Ban
Although it has been made clear by the South Korean government on several occasions that a ban on bitcoin and cryptocurrency trading will not be imposed, parts of the market have remained bearish, still concerned about the possibility of a ban in the long-term. On January 31st, South Korea’s finance minister Kim Dong-yeon clarified their stance, Read More

Major South Korean E-Commerce Firm’s Integration of Cryptocurrencies Will Fuel Adoption

5 months ago admin2 Comments Off on Major South Korean E-Commerce Firm’s Integration of Cryptocurrencies Will Fuel Adoption
WeMakePrice, one of South Korea’s largest e-commerce platforms, will integrate 12 cryptocurrencies including bitcoin, Ethereum, EOS, Ripple, Qtum, and Bitcoin Cash to its existing payment application, to allow its consumers to pay for products using cryptocurrencies. Local mainstream media outlets have reported that WeMakePrice will partner with Bithumb, the country’s largest cryptocurrency exchange to integrate Read More

South Korea’s Government is Reportedly Planning to Hit Cryptocurrency Exchanges with Tax Bills

5 months ago admin2 Comments Off on South Korea’s Government is Reportedly Planning to Hit Cryptocurrency Exchanges with Tax Bills
Image credit: Heart of Seoul at Night in South Korea. Photo by Public Domain. South Korea’s government is reportedly hitting the country’s digital currency exchanges with tax demands in a bid to control the market. According to the Yonhap News Agency, South Korean cryptocurrency exchanges will be required to pay 22 percent of corporate and 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