by COINS NEWS - 1 year ago
According to the Korea Customs Service report, the value of unlawful foreign exchange transactions made using digital currency was estimated to be worth $4 billion last year....
by COINS NEWS - 1 year ago
The cryptocurrency bill has cleared its first phase raising the hopes of the industry. This will strengthen the financial service commission to regulate by being the regulatory authority for all the crypto firms. This bill, when it becomes a law, wil...
Cryptocoins News / The Cointelegraph - 1 year ago
South Korean financial regulators accused Delio of fraud and embezzlement and seized its assets in July earlier this year. South Korean Bitcoin (BTC) lender Delio is...
Bitcoin News / Bitcoin.com - 1 year ago
The government in Seoul intends to submit new legislation tailored to facilitate the tracking and freezing of crypto used to fund the weapons programs of North Korea. A bill has been drafted after extended consultations between ministries with the ai...
Cryptocoins News / Finance Magnates - 1 year ago
KEB
Hana Bank, one of South Korea's largest banks, is teaming up with BitGo Trust
Company, a contributor in the cryptocurrency custody business. The goal of this
partnership is to provide digital asset custody services in South Korea.
Digital asset c...
Cryptocoins News / CoinJournal - 1 year ago
Hana Bank and BitGo are expected to launch a crypto custody service in the second half of 2024.
Hana Bank is interested in having tokenized deposit technology replace central bank digital currencies and private stablecoins.
South Korean Parliament i...
Cryptocoins News / The Cointelegraph - 1 year ago
KEB Hana Bank and BitGo plan to launch a joint cryptocurrency custody venture in the second half of 2024. One of the largest South Korean banks, KEB Hana Bank, is movi...
Cryptocoins News / The Cointelegraph - 1 year ago
The cybersecurity bill’s latest version reportedly contains ways to “track and neutralize” crypto and digital assets stolen by North Korea, according to a local media report....
Cryptocoins News / Blockchain - 1 year ago
South Korean crypto asset management firm Delio has been fined KRW 1.896 billion and suspended for three months by the Financial Services Commission's Financial Intelligence Unit due to non-compliance with financial transaction laws. (Read More)
Cryptocoins News / CoinJournal - 1 year ago
Maker price rally continued on Friday as cryptocurrencies recoiled.
The coin reacted to Maker’s push in South Korea.
Maker (MKR) price rally continued as investors watched the expansion of the network in South Korea, one of the biggest pl...
Bitcoin News / Bitcoin.com - 1 year ago
According to Edward Hong, the chief platform officer (CPO) at the early-stage venture firm Hashed, South Korea’s decision to delay putting in place a comprehensive crypto regulatory framework seems to be more of a strategic move rather than he...
Cryptocoins News / Finance Magnates - 1 year ago
Rep. Kim
Nam-kuk, the independent South Korean lawmaker facing scrutiny over his crypto
holdings, has retained his seat in the country’s National Assembly. A
parliamentary ethics subcommittee’s bipartisan vote to expel the first-time legislator ended...
Cryptocoins News / The Cointelegraph - 1 year ago
South Korean lawmaker and Wemix investor Kim Nam-kuk will stay in the parliament after a 3–3 vote in the expulsion motion. South Korea’s parliamentary ethics subcommit...
Bitcoin News / Bitcoinist - 1 year ago
South Korea is tightening the regulatory reins on its native crypto exchanges. Effective September, exchanges within the country must maintain a minimum reserve of 3 billion won ($2.3 million). This move comes as South Korea seeks to fortify consumer...
Cryptocoins News / Finance Magnates - 1 year ago
Amidst a dynamic landscape in the South Korean crypto
asset landscape, exchanges are bracing for change, with the Korea Federation
of Banks issuing real-name account operation guidelines that demand a minimum
reserve of 3 billion Korean won (USD $2.3...
Cryptocoins News / The Cointelegraph - 1 year ago
South Korean internet giant Naver Corp. has released CLOVA X, a Korean language chatbot similar to ChatGPT that can have conversations and summarize text. South Korean...
Bitcoin News / Bitcoinist - 1 year ago
South Korea, known for its tech-savvy populace and a strong inclination towards crypto investments, has thrown a new trend into the spotlight concerning XRP.
A recent report from the South Korean news outlet News1 Korea indicates that the nation̵...