Regional News

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

City of Taipei to Use IOTA’s Blockless Tangle for its Smart City Goals

5 months ago admin2 Comments Off on City of Taipei to Use IOTA’s Blockless Tangle for its Smart City Goals
The IOTA Foundation has announced that it has teamed up with Taipei City to help it reach its smart city goals. The capital of Taiwan is to integrate IOTA’s blockless distributed ledger technology, Tangle, to explore the possibilities of meeting its ‘Smart City Living Lab’ needs through a variety of projects. The first project will 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

South Korean Police Did Not Raid Cryptocurrency Exchanges, FUD Triggers Market

5 months ago admin2 Comments Off on South Korean Police Did Not Raid Cryptocurrency Exchanges, FUD Triggers Market
This week, several Western mainstream media outlets have falsely reported that South Korean cryptocurrency exchanges were “raided” by local police and authorities. More inaccurate reports regarding the current state of the South Korean cryptocurrency exchange market led the entire cryptocurrency market to decline in value, demonstrating a similar effect to that of the various “China Read More

South Korean Investor Brags About $24 Million Bitcoin Profit, Government Now Chasing Taxes

5 months ago admin2 Comments Off on South Korean Investor Brags About $24 Million Bitcoin Profit, Government Now Chasing Taxes
On January 9, MoneyToday, one of the most widely read finance and business news publications in South Korea, reported that a South Korean investor has made a $22 million profit off a $90 investment in bitcoin he likely made in 2011. For a $90 investment to turn into $22 million, the initial investment needs to Read More

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

5 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

South Korea’s Bitcoin Regulation is Highly Optimistic, False Reports Claim Ban

6 months ago admin2 Comments Off on South Korea’s Bitcoin Regulation is Highly Optimistic, False Reports Claim Ban
Over the past 24 hours, a series of false reports from news publications including Reuters have claimed that the South Korean government is planning on banning or closing down cryptocurrency exchanges. An initial report from Reuters, which has since been corrected, stated that the South Korean government is expected to close down cryptocurrency exchanges in Read More