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97% of S. Korean Crypto Exchanges 'In Danger of Bankruptcy': Report
2019-08-19T09:05:15.000+02:00
Low transaction volume has caused South Korean exchanges to shut down and startups to seek listing elsewhere.
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Coinone Partners with Two Companies to Revamp Security
2019-08-08T11:59:44.000+02:00
Crypto exchange security has become a major concern for South Korean regulators.
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South Korean Regulator Eying to Directly Regulate Crypto Exchanges
2019-08-07T09:33:34.000+02:00
The watchdog is currently controlling the sector through guidance to banks.
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South Korean Brokerage Firm to Offer Stock Lending on Blockchain
2019-08-05T08:33:10.000+02:00
The firm's parent introduced a decentralized platform to process loans earlier.
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News
South Koreans Lost $2.28 Billion to Crypto Frauds Since 2017
2019-07-22T13:31:33.000+02:00
The figure does not include the losses due to exchange hacks.
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South Korea's Biggest Bank Signs Blockchain Agreement
2019-06-11T17:38:09.000+02:00
KB Kookmin Bank will be working with Atomrigs Lab on a number of crypto-related products and services
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Regulation
Breaking: South Korea Deregulates Retail OTC Derivatives Market
2019-06-03T13:23:39.000+02:00
The financial regulator is taking steps to revitalize the sector by cutting minimum deposits
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South Korea Plans Action Amid Concerns on Crypto Price Surge
2019-05-29T10:18:56.000+02:00
The trading activity in the country dramatically surged in recent days.
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News
South Korea’s Oldest Bank Unveils Lending Platform on Blockchain
2019-05-28T11:12:54.000+02:00
The bank previously introduced the new technology in its internal processes.
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Korean Crypto Investors Spent an Average of $6,000 in 2018
2019-04-22T14:57:26.000+02:00
That's according to a new report which also found that Koreans in their 50s were most likely to invest in digital assets
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Coinnest to Shut Down Crypto Trading Services
2019-04-18T14:38:33.000+02:00
The exchange has faced multiple technical glitches and embezzlement charges earlier.
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South Korean Authorities Nabb 12 for $18 Million Crypto Ponzi Scheme
2019-04-08T13:15:00.000+02:00
The scammers were primarily targeting elderly people.
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News
Kakao Reportedly Set to Integrate Crypto Wallet in Messaging App
2019-03-19T09:23:13.000+02:00
The internet giant is competing with Samsung to capture the South Korean crypto market.
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South Korean FSC Chair Urges Banks to Open Up to FinTech Firms
2019-03-01T17:01:26.000+02:00
Choi Jong-ku said that working with fintech firms can boost the economy and help customers
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ICONLOOP Reportedly Planning to Proceed for an IPO at KOSDAQ
2019-02-27T10:34:30.000+02:00
The company raised $115 million via an ICO in 2017.
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S. Korean Crypto Exchange Coinbin Bankrupt After Embezzlement
2019-02-25T08:52:41.000+02:00
The employee responsible for the embezzlement is the former CEO of the now-defunct Youbit exchange.
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News
Bank of Korea Warns Against Central Bank Digital Currency
2019-02-07T12:21:17.000+02:00
The central bank recently scraped the prospect of launching a CBDC.
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Regulation
FSC Reaffirms ICO Ban in South Korea
2019-01-31T15:46:05.000+02:00
The FSC termed ICOs a “high risk” investment.
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South Korean Crypto Exchanges Team Up to Tackle Money Laundering
2019-01-28T16:16:28.000+02:00
The real-time system will flag any suspicious transaction, further blocking the related accounts.
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Airdrop Error Costs Coinnest $5 Million, Plans to Restore Funds
2019-01-22T11:11:52.000+02:00
The funds were transferred to clients accounts during an airdrop of We Game Tokens.
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News
Executives at Korean Exchange Komid Jailed for Faking Volume
2019-01-22T09:55:15.000+02:00
The fake orders had created $45 million in exchange fees.
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Regulation
South Korea Fines Four Global Banks for FX Rigging
2019-01-21T09:47:35.000+02:00
Authorities in the country initiated a series of investigations amid the infamous scandal by “the cartel.”
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Nine Arrested in South Korea for Dealing Drugs Using Crypto
2018-12-25T12:41:09.000+02:00
The drug dealers were taking payments in DarkCoin, a privacy-oriented cryptocurrency.
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Exchanges
Korean Authority Indicts Upbit’s Executives for Fraud
2018-12-21T14:55:21.000+02:00
The exchange has allegedly raked more than 120 billion won by creating false orders.
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News
South Korean Blockchain Startup to Fight ICO Ban in Court
2018-12-09T12:19:11.000+02:00
Presto says that the ban is unconstitutional.
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