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A headquarter of Upbit, Gangnam-gu, Seoul. Dec.21st, 2018/News1 © News1 Lee Seung-bae

Only 1 crypto exchange approved 1 day ahead of big deadline

Doomsday is here for cryptocurrency exchanges, and so far only one of 60 has received the greenlight from authorities to continue operating. As...

Many of South Korea’s small crypto exchanges set to disappear

South Korean regulators are set to shut down dozens of cryptocurrency exchanges in coming days, though the impact is likely to be felt only...

S. Korean Crypto Traders Expect New Market Rules to Cause $2.6B in Losses

The regulatory body issued a press release Sept. 6 stating that staffers had held an online meeting with “virtual asset service providers,” or VASPs,...

Bithumb, Coinone, and Korbit also extend contracts with banks… Is it ‘Big 4 +...

NH Nonghyup Bank issued real-name account confirmations to cryptocurrency exchanges Bithumb and Coinone, and Shinhan Bank to Korbit. As a result, Upbit, Bithumb, Coinone,...

Crypto.com Hires Former Visa Executive Patrick Yoon to Head South Korea

Crypto.com, a major digital asset exchange with a global presence, announced on Tuesday the appointment of Patrick Yoon as the new General Manager for...

Blockchain not a concept anymore, but part of real life, developers say

Blockchain is not a technological concept anymore. It’s starting to apply to real life and becoming a mainstream, irreversible trend, Dunamu CEO Lee Sir-goo...

South Korea, To Establish Financial Bureau to Monitor Cryptocurrency

According to the FSC, the new watchdog would be called the crypto-asset monitoring bureau. The move by the Asian country is part of its...
A headquarter of Upbit, Gangnam-gu, Seoul. Dec.21st, 2018/News1 © News1 Lee Seung-bae

Upbit cements market leadership in South Korea’s crypto trading scene

Amid controversial regulatory efforts being made to keep cryptocurrency trading in order, Upbit appears to have solidified its leadership in the market. Upbit retained its...

NAVER’s LINK Went Public in South Korea Competing Against Kakao’s Klay

According to the relevant industry on August 12th, Link is scheduled to be enlisted on August 13th to BTC market of Bithumb, a South...

S. Korea crypto exchanges told no grace period for do-or-die reporting deadline

At his confirmation hearing on Friday, Koh Seung-beom insisted on maintaining the Sept. 24 deadline to prevent potential damages to crypto investors. In March...

LATEST ARTICLES

Korea’s unregulated crypto-mediated FX transfers hit record-high

Korea registered over 812.2 billion won ($676.9 million) in questionable foreign currency transfers involving cryptocurrencies in the first eight months of the year, a...