Tag: FinTech
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...
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...
South Korea unveils “death note” for crypto exchanges
More than one-third of South Korea’s crypto exchanges are highly likely to cease operation after the country’s looming September deadline of its new crypto...
Assembly puts brakes on crypto exchange shutdowns
Both the ruling and the opposition lawmakers are pressuring financial authorities to prevent the "annihilation" of small-size cryptocurrency exchanges in the domestic market, following...
Scrubbing Korea Off the Welcome Page : Global Crypto Community ‘Removes Korean Language Support’
Fines will be imposed immediately following the Sept. 24 deadline.
Ahead of the enforcement of the relevant law in September, overseas exchanges are suspending Korean...
The government panicked over fears of closing the crypto exchange… “Business is allowed if...
The deadline for registration of domestic cryptocurrency exchanges is the 24th of next month, but it has been found that there is not a...
Foreign crypto exchanges seek distance from Korea ahead of tighter regulations
Some foreign cryptocurrency exchanges have distanced themselves from South Korea as Korean authorities are set to enforce tighter regulations against virtual coins.
By Sept. 24,...
Samsung confirms support for digital currency
The BOK began the CBDC pilot program July 28, co-managed by Ground X, a blockchain affiliate of messengerplatform giant, Kakao.
"Samsung Electronics has recently decided...
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Ruling and Opposition Parties Agree on Two-Year Delay for Virtual Asset...
The ruling and opposition parties in South Korea have agreed to postpone the taxation on virtual asset income by two years. With the Democratic...
