South Korea cracks down on cryptocurrencies
Korean authorities seized more than WON53 billion ($47 million) in Bitcoin, Ethereum and other cryptocurrencies from 12,000 people accused of tax evasion, including a...
South Korea’s brilliant decentralized approach to citizen identity management
Decentralized identity as a form of identity management by a country? Sounds odd, but it actually should be the future of identity management. Here’s...
Korea to trial blockchain in large scale online voting
The Korean Ministry of Science and Technology alongside Korea’s Internet and Security Agency, plan to explore blockchain in online voting. According to Yonhap News,...
Upbit Delists 24 Coins for Unmet Benchmarks, only BASIC Survives!
On June 18, UPbit announced the results of a weeklong internal inspection of 25 digital assets that had been flagged for further review. Of...
Launch of Virtual Asset Valuation Institute.. Create virtual currency evaluation index
The Virtual Asset Valuation Institute, an organization that evaluates the value of virtual currencies, was officially launched.
The Korea Computer Information Society announced on the...
Transaction of own coins banned for cryptocurrency exchanges
The regulatory Financial Services Commission on Thursday said that it will add detailed measures to the legislation governing cryptocurrency exchanges in an effort to...
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...
[JUNE] Possibilities Remain Possible, Experts Say
Following a steady decline in value since mid-April, bitcoin enjoyed a recent upward bounce to the neighborhood of US$36K. Experts were quoted in various...
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...
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