Thursday, June 17, 2021
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LATEST NEWS

Crypto Exchanges in South Korea to Be Classified as Highly Risky

South Korea continues to enforce stricter rules on the cryptocurrency space with the latest legislation to classify exchanges as high-risk entities. The move comes...

Upbit, the 1st domestic crypto exchange, issued a cautionary warning for 30 coins.

The following is a notice from upbit posted on June 11th at 5:30 pm. End of trading support on KRW pair (5 projects) ​ Dear Upbit...

Will banks be blocked from investing in cryptocurrency? The Basel Committee imposes 1,250% weight

The Swiss-based Basel committee said in a public consultation paper that while bank exposures to cryptoassets are limited, their continued growth could increase risks...

Accounts of Cryptocurrency Exchanges to be Inspected

The Financial Services Commission announced on June 9 that it would look into every financial company to find out non-real-name accounts of cryptocurrency exchanges. At...

Xangle Credibility Ratings to Be Used by Korean Commercial Banks to Evaluate Cryptocurrency Exchanges

Xangle, the crypto disclosure platform offers Xangle Credibility Rating (XCR) which will be used as official reference material for Korean commercial banks to evaluate...

South Korea to prohibit exchange insiders from trading on their own platforms

According to Chosun, Financial Services Regulatory Commission (FSC) is “pressuring” the government to accept its plan to impose fines of up to $ 90,000...

South Korea’s Financial Regulator Holds Closed-Door Meeting With 20 Crypto Exchanges

South Korean Regulator Holds a Closed-Door Meeting With 20 VASPs A report stemming from D.Street who quoted undisclosed sources stated the South Korean FSC met...

Bank Of Korea recognizes virtual assets with clear intrinsic value

The Bank of Korea, which is negative for virtual assets such as Bitcoin, has begun to take a positive approach to some virtual assets...

Criminals using cryptocurrency for Ponzi style fraud

The Gyeongnam Provincial Police said May 31 that it had detained two people from a ring that had swindled 63 investors out of 1.5...

Financial Supervisory Service Takes Responsibility for Crypto Sector in Korea

It took the government months to determine who’s going to take charge of crypto market oversight, the Korean Herald noted in an article published...
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